Oil Control Lotion Market Report

Market Insights

The Oil Control Lotion Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 4.9% during the forecast period.

Figure: Oil Control Lotion Market Size, 2020-2026 (USD Million)

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What is oil control lotion?

Oil control lotion refers to a skincare cream-based lotion that absorbs the oil and provides a long-lasting matte finish. It is ideal for both combination and oily skin. This lotion helps to hydrate the skin and balance oil while offering a shine-free complexion.

Key Players

Key players operating in the oil control lotion market are-

• M.A.C (US)
• e.l.f. Cosmetics, Inc. (US)
• Unilever (Dermalogica, Inc.) (US)
• Aveda Corporation (US)
• Pierre Fabre Laboratories (Avene Hydrotherapy Center) (France)
• The Body Shop International Limited (UK)
• Clinique Laboratories, LLC (US)
• Avalon Natural Products, Inc. (US).

Market Dynamics

Rising demand for skincare and grooming products for both men and women is a key driving factor. Increasing awareness of the consumers regarding skincare products and the growing shift towards grooming themselves to look more confident has significantly propelled the market growth. Strong formulation developments using natural organic sources, offer immense growth opportunities to the industry players during the forecast timeline.

Segments' Analysis

End-User Trends

Based on end-user, the oil control lotion market is classified into women and men. The men segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Men are increasingly becoming conscious of their appearance. This has resulted in a surging demand for men’s grooming cosmetics in the past few years. Moreover, men are also using oil control lotions such as acne control moisturizers and creams to prevent skin redness and acne issues caused due to excess oil secretion, which bolsters the segment growth. 

Regional Trends

By region, the European market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the increase in the middle-class population, rapid urbanization, and growing preference for online shopping, and the rising effectiveness of celebrity endorsements that have contributed to the regional market growth. Additionally, rising consumption of oil control lotions for the treatment of acne further proliferates the regional market growth.

COVID-19 Impact on Oil Control Lotion Market

The COVID-19 outbreak has moderately affected the oil control lotion industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The COVID-19 crisis has affected the industry supply chain to a major extent. Additionally, the pandemic resulted in a decline in the sales of oil control lotion products due to consumer buying behavior shift towards essential commodities.

Critical Questions Answered in the Report

• What are the key trends in the oil control lotion market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on oil control lotion?
• What are the key strategies adopted by the major vendors to lead in the oil control lotion market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the oil control lotion market hopes to have the greatest opportunity to convert-

• Oil control lotion vendors
• Oil control lotion retailers
• Cosmetic companies
• Skin care product companies

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