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Massage Oil Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71099
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The massage oil market has the potential to grow by USD 903.87 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.05%.

This massage oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (spa and wellness centers, medical therapeutics, and others) and geography (Europe, North America, APAC, South America, and MEA). The massage oil market report also offers information on several market vendors, including Fabulous Frannie, Himalaya Global Holdings Ltd., Kneipp, Natural Bath and Body Shop, Performance Health Holding Inc., Raven Crest Botanicals, Soothing Touch, The Body Shop International Ltd., The Massage Oil Shop, and THERENEWCO LLC among others.

What will the Massage Oil Market Size be in 2021?

Massage Oil Market Size

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Massage Oil Market: Key Drivers and Trends

The increase in number of geriatric population is notably driving the massage oil market growth, although factors such as lack of high-quality massage oils may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the massage oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the massage oil market is the increase in the geriatric population.
  • The elderly population is increasing rapidly across the world, mainly due to the increase in longevity.
  • The geriatric population (population aged 65 and above) increased from 8.22% of the global population to 9.32%, from 2015-2020 according to the World Bank Group.
  • Older people face higher chances of contracting different chronic diseases which are treated through different methods, including allopathy, homeopathy, and Ayurveda.
  • Ayurveda recommends different kinds of massages as a treatment of pain in the affected parts of the body.
  • The growing awareness of massage therapy is another major factor supporting the massage oil market share growth.
  • The benefits of messages include pain management, injury rehabilitation, and taking care of soreness, stiffness, and spasms.
  • Cancer-related fatigue, lower back pain, fibromyalgia, and osteoarthritis are other reasons for opting for a massage.
  • Massages also alleviate postoperative pain, lower blood pressure, and reduce headache frequency.
  • The association of massages with health and wellness has increased the number of people opting for different forms of massages using specific oils.

This massage oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Massage Oil Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Fabulous Frannie
  • Himalaya Global Holdings Ltd.
  • Kneipp
  • Natural Bath and Body Shop
  • Performance Health Holding Inc.
  • Raven Crest Botanicals
  • Soothing Touch
  • The Body Shop International Ltd.
  • The Massage Oil Shop
  • THERENEWCO LLC

 

This statistical study of the massage oil market encompasses successful business strategies deployed by the key vendors. The massage oil market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The massage oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Massage Oil Market?

Massage Oil Market Market segmentation by region

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35% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for massage oil market in Europe. Market growth in this region will be slower than the growth of the market in South American, APAC, North American regions.

The introduction of health tourism (improving tourism infrastructure and transport services), beauty and fitness programs (including weight loss, nutrition, and stress reduction programs), and wellness (regenerative, reconditioning, and relaxation of mind and body) will facilitate the massage oil market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Massage Oil Market?

Massage Oil Market Segmentation

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The massage oil market share growth by the spa and wellness centers segment will be significant during the forecast period. The increase in the number of spas and wellness centers across the world will influence the growth of the global massage oil market  The growth of the market is mainly attributed to the increasing spa services in hotels, resorts, and other recreational facilities.  Significant growth in wellness tourism has also contributed to the popularity of massages in spas and other wellness centers, which has driven the demand for massage oils. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the massage oil market size and actionable market insights on post COVID-19 impact on each segment.

 

Massage Oil Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.05%

Market growth 2021-2025

$ 903.87 million

Market structure

Fragmented

YoY growth (%)

5.57

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 35%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Fabulous Frannie, Himalaya Global Holdings Ltd., Kneipp, Natural Bath and Body Shop, Performance Health Holding Inc., Raven Crest Botanicals, Soothing Touch, The Body Shop International Ltd., The Massage Oil Shop, and THERENEWCO LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

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What are the Key Factors Covered in this Massage Oil Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive massage oil market growth during the next five years
  • Precise estimation of the massage oil market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the massage oil industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of massage oil market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Spa and wellness centers - Market size and forecast 2020-2025
    • Medical therapeutics - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Fabulous Frannie
      • Himalaya Global Holdings Ltd.
      • Kneipp
      • Natural Bath and Body Shop
      • Performance Health Holding Inc.
      • Raven Crest Botanicals
      • Soothing Touch
      • The Body Shop International Ltd.
      • The Massage Oil Shop
      • THERENEWCO LLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Massage Oil market growth will increase by $903.87 million during 2020-2025.
      The massage oil market is expected to grow at a CAGR of 6.05% during 2020-2025.
      Technavio has segmented the massage oil market by application (Spa and wellness centers, Medical therapeutics, and Others) and geographic (Europe, North America, APAC, South America, and MEA).
      Fabulous Frannie, Himalaya Global Holdings Ltd., Kneipp, Natural Bath and Body Shop, Performance Health Holding Inc., Raven Crest Botanicals, Soothing Touch, The Body Shop International Ltd., The Massage Oil Shop, THERENEWCO LLC are a few of the key vendors in the massage oil market.
      Europe will register the highest growth rate of 34.68% among the other regions. Therefore, the massage oil market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • UK
      • France
      The key factors driving the massage oil market growth are:
      • Increase in number of geriatric population
      The massage oil market vendors should focus on grabbing business opportunities from the spa and wellness centers segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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