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Coconut Oil Dominance Drives Global Cosmetic Vegetable Oil Market Growth

Guavy AI Editorial Team
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Oil
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Personal care formulators are expected to drive global spending on cosmetic vegetable oils from $5.84 billion in 2026 to $7.72 billion by 2031, according to research from MarketsandMarkets.

The growth is being driven primarily by Asia-Pacific demand for plant-based ingredients, with regional beauty brands overhauling their skincare and haircare recipes.

Coconut oil will retain the largest individual volume share throughout the forecast period, supported by its heavy use in commercial haircare and barrier creams across Asian markets.

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