Global Massage Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast 2018 to 2029

“Global Massage Oil Market” is the title of an upcoming report offered by MarketResearch.Biz. The research study involved the extensive usage of expert opinions, using both primary and secondary data sources and efforts. Also, market risks, opportunities, growth market barriers and challenges, and future scenarios have been covered in the report. The research process involved the study of various factors positively or negatively impacting the industry and market. Factors considered include government policies and mandates, the market environment, competitive landscapes, historical data, current and historical trends in the market, technological innovations, new solutions and modifications made to existing provisions, upcoming technologies and the technical progress of related industries. The global massage oil market has been segmented on the basis of product, application, end-user, as well as regions and countries.

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Overview:

The main purpose of massage oils is to lubricate the skin to reduce friction while performing a massage. This helps lend a smooth glide and easy workability to the skin surface. Some of the secondary benefits include nourishing the skin and acting as a ‘base’, or ‘carrier’ oil for aromatherapy essential oils.

Dynamics:

The increasing awareness among individuals of the therapeutic benefits of massage when treating various health issues such as arthritis, soreness, body pains, etc. is slated to be a primary factor that will surge revenue growth of the global massage oil market.

Hectic day-to-day schedules is leading to a sharp spike in the number of stress-related cases, which is pressing individuals to seek various forms of massage for relief, and this in turn, will contribute to the revenue growth of this market.

In recent years, the popularity of massage therapy for a host of ailments and physical well-being is steadily gaining traction as it has been proven to be an effective treatment option. Another important factor that is expected to contribute to market growth are the various campaigns rolled out by respective authorities such as the World Massage Federation (WMF), the International Massage Association (IMA), the American Massage Therapy Association (AMTA), etc. to promote awareness through camps, competitive events, educational seminars, training sessions and international conferences, etc.

The global massage oil market was valued at US$ XXX in 2019 and is projected to register a CAGR of XX% by 2028.

Segmentation of the global massage oil market is as follows:

In terms of product, the almond oil segment accounted for the highest revenue share in 2019. This can be due to the oil being known as a powerhouse of antioxidants and vitamins, and has several anti-fungal and antibacterial properties. It is even rapidly absorbed by the skin, making it an effective moisturizer. The revenue share of the coconut oil segment is expected to grow significantly over the next 10 years. This oil has antiviral, antibacterial, and anti-fungal properties, making an effective treatment option for several skin ailments such as itching, eczema as well as skin dryness.

With respect to the end-user aspect of the market, the adult oil segment accounted for the majority revenue share in 2019. This can be accredited to changing lifestyles coupled with frenzied work schedules that may lead to various health-related complications. The baby oil segment is also expected to expand at a substantial rate in the foreseeable future. Increasing levels of awareness among parents with respect to the benefits of regular baby oil massages.

On the basis of application, the spas and wellness centers segment accounted for the majority revenue share in 2019 due to the increasing preferences of individuals looking for completely holistic relaxation experience. The medical therapeutics segment is also expected to expand significantly over the next 10 years due to these therapies being effective options for the quicker treatment of injuries.

Regional Segmentation and Analysis:

The market in Europe accounted for the majority revenue share of the global massage oil market in 2019 on account of the large presence of spas and wellness centers in this region. Individuals that reside in countries of this region with higher disposable incomes tend to plan outings to resorts for the purpose of getting massages.

Segmentation of Global Massage Oil Market:

Segmentation by Product:

• Olive
• Almond
• Coconut
• Citrus
• Others

Segmentation by End-User:

• Adult
• Baby

Segmentation by Application:

• Spa and Wellness Centers
• Medical Therapeutics
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa