White Oil Market growing at a CAGR of 4.2% from 2025 to 2033
The global white oil size was estimated at USD 2,327.2 million in 2024 and is projected to reach USD 3,386.3 million by 2033, growing at a CAGR of 4.2% from 2025 to 2033. The rise in skincare, haircare, and personal care products globally is fueling the need for high-purity, safe white oils.
Key Market Trends & Insights
- Asia Pacific dominated the market with largest revenue share of 53.1% in 2024.
- China within Asia Pacific dominated the market with revenue share of 50.4%, driven by the cosmetics, pharmaceutical, and food industries.
- By application, the personal care and cosmetics dominated the application segment with a revenue share of 29.0% in 2024.
Market Size & Forecast
- 2024 Market Size: USD 2,327.2 Million
- 2033 Projected Market Size: USD 3,386.3 Million
- CAGR (2025-2033): 4.2%
- Asia Pacific: Largest market in 2024
Request Free Sample Report: https://www.grandviewresearch.com/industry-analysis/white-oil-market/request/rs1
Consumers increasingly prefer products with gentle, non-toxic ingredients, making white oil a key component in lotions, creams, and baby care products.White oil’s non-toxic and odorless nature makes it essential in pharmaceutical formulations (ointments, laxatives) and food processing (coatings, lubricants). Increasing healthcare awareness and food safety standards are boosting its adoption across these sectors.
Rapid urbanization and increasing disposable income in countries such as India, China, and Southeast Asian nations are driving growth in cosmetics, personal care, and pharmaceutical sectors. This creates a significant opportunity for white oil manufacturers to expand production and capture new markets, especially in regions with growing middle-class populations and evolving lifestyle trends.
Market Concentration & Characteristics
The white oil market is moderately concentrated, with a mix of global and regional players dominating different segments. Major companies hold significant shares in high-purity grades used for pharmaceuticals and cosmetics, while smaller regional manufacturers cater to industrial and lubricant applications. This concentration ensures steady supply and competitive pricing in key regions.
The market is highly quality-driven, with strict regulatory standards for purity, safety, and compliance, especially in cosmetics, pharmaceuticals, and food applications. Growth is closely tied to industries, technological advancements in refining processes, and the increasing preference for non-toxic, sustainable products, making innovation and compliance key differentiators for market players.
White Oil Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 2,427.3 million |
|
Revenue forecast in 2033 |
USD 3,386.3 million |
|
Growth rate |
CAGR of 4.2% from 2025 to 2033 |
|
Base year for estimation |
2024 |
|
Historical data |
2018 – 2023 |
|
Forecast period |
2025 – 2033 |
|
Quantitative units |
Volume in kilotons, revenue in USD million/billion and CAGR from 2025 to 2033 |
|
Report coverage |
Revenue forecast, volume forecast, competitive landscape, growth factors, and trends |
|
Segments covered |
Application, region |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; Germany; UK; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; South Africa |
|
Key companies profiled |
ExxonMobil Corporation; Chevron Corporation; Shell plc; APAR Industries Ltd.; Savita Oil Technologies Limited; Gandhar Oil Refinery (India) Limited; Bharat Petroleum Corporation Limited;Raj Petro; Velvex; Eastern Petroleum Pvt. Ltd. |
|
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
