SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Massage Oils - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 826
Companies: 107 - Players covered include Aura Cacia; Bath & Body Works; Biotone; Bon Vital; Fabulous Frannie; Kneipp; Master Massage; Natural Bath and Body Products; Nature's Alchemy; Raven Moonlight Botanicals; Scandle Candle; Soothing Touch; The Body Shop; The Himalaya Drug Company; The Massage Oil Shop and Others.
Coverage: All major geographies and key segments
Segments: Product (Almond, Olive, Coconut, Citrus, Other Products); Application (Spa & Wellness Centers, Medical Therapeutics, Other Applications); End-Use (Adult, Baby)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Massage Oils Market to Reach $3.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Massage Oils estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2026, growing at a CAGR of 6% over the analysis period. Almond, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Olive segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $783.7 Million in 2021, While China is Forecast to Reach $797.1 Million by 2026
The Massage Oils market in the U.S. is estimated at US$783.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$797.1 Million by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Coconut Segment to Reach US$756.3 Million by the year 2026
In the global Coconut segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$387.1 Million in the year 2020 will reach a projected size of US$579.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]gyR.com
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