The report forecasts the global massage oil market to grow at a CAGR of 7.82% during the period 2016-2020.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Commenting on the report, an analyst from the research team said: Massage providers and massage oil manufacturers are using locally grown and indigenously available herbs and plants for creating oil blends that provide a unique composition. The major benefit that the local sourcing of ingredients provides is that the end product can be customized by massage therapists and massage oil manufacturers as per the needs of the customers.
According to the report, a key driver of the global massage oil market is the growing number of stress-related cases. Stress has multiple causes, including divorce, marital separation, work life, personal illness or injury, pregnancy, and retirement. Left unattended, stress can affect the social and emotional well-being of individuals. It can also result in feelings of distrust, anger, rejection, and depression, which in turn can lead to various health problems including headaches, insomnia, ulcers, cardiac diseases, and high blood pressure.
Further, the report states that the contraindications of massage oils present a major setback for the market. Sometimes massage oils can cause deep vein thrombosis, bleeding disorders, damaged blood vessels, osteoporosis, bruising, fractures, and fever. However, the massage oils themselves may not be the entire reason for these contraindications; the method of massage also plays a major role in the end result of a massage.