Massage Oil Market Size, Share, Growth, and Industry Analysis by Type (Olive Oil, Almond Oil, Coconut Oil, Citrus Oil, Other‎), by Application (Spa and Wellness Centers, Medical Therapeutics, Home Care, Other), Regional Insights, and Forecast To 2032

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MASSAGE OIL MARKET REPORT OVERVIEW

global massage oil market size was USD 2.0 billion in 2023 and the market is projected to touch USD 3.3 billion by 2032 at a CAGR of 5.5% during the forecast period.

Message oil is helpful for creating massage sittings curative and comforting which has diverse health benefits such as hydrating skin, shielding skin barrier, recollecting moisture, preserving blood flow, and soothing down any individual mentally. Regular oil messaging avoids damages by supporting nervous system and musculoskeletal system. Increasing alertness among customers about massage as an effective therapy for the treatment of numerous health reasons such as discomfort, pain, and arthritis is anticipated to be a crucial factor in motivating the business. Massage oils are accessible in several types almond oil, coconut oil, and citrus oil. These different types of oils are familiar for several fitness and skin benefits.  Many athletic people and sportspersons use body massage oils for the dealing of muscle wounds and pains. There is a speedy rise in the number of spas and an increase in the use of body almond massage oils for medical purposes.

Rising tiring and chaotic lifestyle is giving upsurge to stress-related cases impelling customers to choose for a massage therefore supporting the development of the market. Additionally, the accessibility of different forms of massage therapies is positively manipulating the market growth. Fluctuating consumer preference for using natural products and implementation of greenways for refining mental health are predictable to increase revenue growth. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

MASSAGE OIL MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into olive oil, almond oil, coconut oil, citrus oil, other‎

Olive oil will capture the maximum market share through forecast period.  

• Olive oil: It has moisturizing things and rich contented of antioxidants olive oil is a popular select for massages that target to nurture the skin and promote overall skin health.

• Almond oil: Almond oil is preferred for its light texture and high vitamin E content. It gets naturally absorbed by the skin making it impeccable for hydrating dry skin and refining skin tone and appearance.

• Coconut oil: Coconut oil has antimicrobial possessions and is severely moisturizing. It's often used in massages for its soothing effects and pleasant aroma.

• Citrus oil: Citrus oil is famous for its revitalising scent and capability to promote mood. It's used in aromatherapy massages to revitalise the minds and decrease stress.

• Other: This type embraces an extensive range of oils, such as jojoba oil, essential oils like lavender and eucalyptus.

By Application Analysis

According to application, the market can be segmented into spa and wellness centers, medical therapeutics, home care, other

Massage oil market players cover segment as spa and wellness centers will dominate the market share during forecast period.

• Spa and Wellness Centers: Spa & wellness centers are intended for providing mental and physical health wellness along with providing detoxing and wellness with biological existing.

• Medical Therapeutics: Massage oils are used in therapeutic settings for healing massages aimed at easing symptoms of certain health conditions such as muscle pain, arthritis, and stress-related disorders.

• Home Care: Individual using massage oils at home-based for own massage or massages between family members.

• Other: This category includes beauty and personal care such as in hair treatments or skincare routines.

DRIVING FACTORS

"Increasing Prevalence Of Stress Among Individuals To Boost The Market Growth"

Occurrence of stress among entities is growing demand for oil massage. Individuals are busy these days which is upsetting their psychological and physical health. Oil massage can treat physical failures and decrease mental stress. Rising worries about treating stress and nervousness and psychological incapability are projected to motivate demand for massage oil in health spa, wellness centres, and healing therapies.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the massage oil market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Manufacturers are continuously inventing and expanding their product range to embrace organic, herbal, and aromatherapy oils, providing to the wide-ranging likings of consumers. This improvement attracts a wider client base.

RESTRAINING FACTOR

"High Cost To Hamper The Market Growth"

High cost of massage allied services due to the high cost of massage oil may disappoint numerous people to select these amenities. However massage oil offers many health benefits numerous customers having low disposable income could not manage to pay for these products, which would impede the development of the massage oil market during the forecast period. Technical difficulties will reduce the industry revenue.

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MASSAGE OIL MARKET REGIONAL INSIGHTS

"Asia Pacific to Dominate the Region Due To Rise In Health Concerns"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. 

Asia Pacific is further expected to witness growth in the massage oil market share. The region is dominating the market due to upsurge in health concerns among individuals and an upsurge in the popularity of oil massage. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

LIST OF TOP MASSAGE OIL COMPANIES

• Bon Vital (U.S.)
• The Body Shop (U.K.)
• Biotone (U.S.)
• Bath & Body Works (U.S.)
• The Himalaya Drug (India)

INDUSTRIAL DEVELOPMENT

May 2021:  Biotone rolled out Truly Coconut Massage Oil. Through this launch, the company would cater the requirements of therapists for oil that is nourishing and can be absorbed into the skin with ease. This latest product has naturally calmed and long-lasting effects along with its silky texture which makes it an ideal product for the massage therapy room.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.