Massage Oil Market Growth-2023 Global Industry Share, Emerging Trends, Revenue, Business Challenges, Opportunities and Forecast Analysis 2032: SPER Market Research.
Body massage oils are a mixture of several oils, such as carrier and essential oils. Jojoba, olive, coconut, and sweet almond oils, as well as grape and nut seeds, are among the organic oils that are derived from the leaves and blooms of various plants. Body massage oils are used to massage muscles and soft body tissues. Because they are successful in treating a range of health and muscular issues, they are well-liked by individuals. In order to reduce friction during massaging, body massage oils are often used to lubricate the skin. This makes the skin’s surface more manageable and aids in enhancing its ability to glide. The different kinds of oils can be compared for their spreadability, absorbency, and nourishing and moisturising properties.
According to SPER market research, ‘Global Massage Oil Market Size– By Product Type, By Application, By Price Point, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Global Massage Oil Market is predicted to reach USD 9.19 billion by 2032 with a CAGR of 10.71%.
The size of the global massage oil market is anticipated to rise significantly over the forecasted years. The market is anticipated to be significantly impacted by customers’ growing awareness of massage as a successful treatment for a variety of health issues, including pain, soreness or spasm, and arthritis. Consumers are being compelled to choose a massage as a result of stress-related problems that are being caused by an increasingly frantic and busy lifestyle. This is helping the industry to expand. Additionally, the accessibility of various massage therapies is contributing to the market’s expansion.
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Impact of COVID-19 on Global Massage Oil Market
However, the global massage oil sector is experiencing growing challenges due to a personnel shortage. The majority of massage therapists now employed in spas in underdeveloped countries lack the specific education necessary to deliver effective and pleasurable oil massage services. Additionally, hiring highly qualified therapists is expensive for spas. Due to rising market competition, spa operators are starting to invest in spa and oil massage education, such as on-the-job training programmes of international standards, in order to provide better service. As a result, the market for massage oils has been growing less rapidly. Moreover, the COVID-19 epidemic had a moderate effect on the global market for massage oils. Additionally, the government implemented nationwide lockdown to stop the spread of coronavirus illnesses, which severely disrupted the raw material supply chain and the body massage oil market’s impending production cycle.
Global Massage Oil Market Key Player
Geographically, the biggest market is shared by Europe. One of the key aspects influencing the market is the abundance of spa and wellness facilities in nations like the U.K., France, and Germany. In wealthy nations like Germany, the U.K., and France, going out for massages at resorts is becoming a common habit. Over the projection period, these factors are anticipated to increase demand for these oils. Additionally, some of the market key players are Bath & Body Works, LLC, Bon Vital, Inc., Frontier Co-op, Scandal Candles Co., Soothing Touch Ltd, The Body Shop International Limited, The Himalaya Drug Company, Others.
Global Massage Oil Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
| By Application: | · Medical Therapeutics
· Spa and Wellness Centres |
| By Price Point: | · Economy
· Medium · Premium |
| By End User: | · Adults
· Youngsters |
| By Distribution Channel: | · B2b
· B2C · Online |
| By Region | · North America
· Europe · Asia-Pacific |
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Global Massage Oil Market Growth drive:
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