Global Massage Oil Market to Reach $8.1 Billion by 2031: Allied Market Research

Allied market research

Allied market research

Increased inclination of customers’ preference towards healthy living, Increased literacy rate among customers, Increased knowledge about the benefits of massage oil, Wide application for the treatment of various chronic injuries such as sports injuries or accidental, and increase in its reduction application. Stress and increased relaxation is expected to drive the growth of the global massage oils market.

Portland, OR, September 22, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global market massage oil market generated $3 billion in 2021 and is projected to reach $8.1 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031. The report offers detailed analysis of the top winning strategies, evolving market trends, size and market estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, pioneers and shareholders in presenting the necessary strategies for the future and taking essential steps to significantly strengthen and enhance their position in the market.

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Coverage and details of the report:

Report Coverage

Details

forecast period

2022-2031

base year

2021

Market size in 2021

$3 billion

Market size in 2031

$8.1 billion

CAGR

10.5%

No. of pages in the report

340

Covered segments

Product type, application, end user, distribution channel and region.

drivers

Increase in the inclination of the preference of customers towards healthy living.

Increased knowledge about the benefits of massage oil among people

Opportunities

Wide application for the treatment of various chronic injuries, such as sports or accidental injuries,

Increased application to reduce stress and increase relaxation.

Impact of COVID-19

  • The COVID-19 outbreak has had a negative impact on the growth of the global massage oil market, due to the presence of lockdowns in numerous countries around the world.

  • The closures led to the closure of several beauty salons, massage parlors, spas and other wellness centers, which negatively affected the growth of the market.

  • Additionally, raw material shortages and erratic demand and supply added to the market impact. Therefore, bans on the import and export of goods were imposed, further aggravating the impact on the market.

  • These restrictions were imposed by the government to significantly curb the spread of the virus during the pandemic.

The report offers detailed segmentation of the global Massage Oil market on the basis of product type, application, end-user, distribution channel, and region. The report provides a comprehensive analysis of each segment and its respective sub-segment with the help of charts and tabs. representation. This analysis can essentially help market players, investors and new entrants to determine and devise strategies based on the fastest growing segments and highest revenue generation that are mentioned in the report.

Based on product type, the almond oil segment held the largest market share in 2021, with nearly half of the global market, and is expected to maintain its leadership over the forecast period. The coconut oil segment, on the other hand, is expected to cite the fastest CAGR of 12.2% during the forecast period.

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Based on the application, the spa and wellness center segment held the dominant market share in 2021, holding more than half of the global market, and is expected to maintain its leading status during the forecast period. The medical therapy segment, on the other hand, is expected to quote the fastest CAGR of 11.5% during the forecast period.

Based on distribution channel, the specialty store segment had the largest market share in 2021, with more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The e-commerce segment, on the other hand, is expected to quote the fastest CAGR of 12.4% during the forecast period.

Based on region, the North American region had the largest market share in 2021, with more than two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to maintain its leading status during the forecast period. Additionally, the same segment is expected to quote the fastest CAGR of 15.9% over the forecast period.

Key players analyzed in the global Massage Oil Market report include Dabur International Limited, Fabulous Frannie, Forest essentials, Frontier Co-op, Himalaya Global Holdings Ltd., Indus Valley, Kama Ayurveda, Majestic Pure Cosmeceuticals, Mambino Organics, Mountain Rose Herbs, Natura & Co, Now Foods, Performance Health, Soothing Touch, and Young Living essential oils.

The report analyzes these key players in the global Massage Oil market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships and others to maximize their presence and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of prominent players in the market.

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About us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global companies, as well as small and medium-sized businesses, with an unmatched quality of “Market research reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, CEO of Allied Market Research, is leading the organization in providing high-quality data and information. We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecast. Each and every one of the data presented in the reports published by us is extracted through primary interviews with senior officials of the main companies of the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry professionals and expert analysts.

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