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

Published: Oct 2021

Pages: 120

SKU: IRTNTR71099

Snapshot

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?

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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:

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?

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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?

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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
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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Table of Contents

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

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

Appendix

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

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

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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