Petroleum Jelly Market Expected to Reach USD 0.74 Billion by 2032 | Growing at a CAGR of 4.30%

Market Research Future (MRFR) has published a cooked research report on the “Global Petroleum jelly Market” that contains information from 2018 to 2032. The Petroleum jelly market is estimated to register a CAGR of 4.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Petroleum jelly market— CITGO Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, Calumet Specialty Products Partners, L.P., Eastern Petroleum Pvt. Ltd., Hindustan Unilever Limited, The Procter & Gamble Company, Vaseline (Unilever), Sonneborn, LLC and Renova.

Petroleum Jelly Market Highlights

The global Petroleum jelly market is accounted to register a CAGR of 4.30% during the forecast period and is estimated to reach USD 0.74 billion by 2032.

The petroleum jelly market is growing due to its versatile applications in skincare, pharmaceuticals, and personal care products. Rising consumer awareness of skincare routines, increasing demand for pharmaceutical ointments, and the affordability of petroleum jelly contribute to market growth. Its effectiveness in preventing dryness and promoting skin hydration drives consumer preference. Additionally, ongoing innovations in formulations and packaging further boost market expansion as manufacturers cater to diverse consumer needs, fueling the continuous growth of the petroleum jelly market.

Segment Analysis

The global Petroleum jelly market has been segmented based Grade and End-User.

On the basis of grade, the market is segmented into Industrial, Medical and Cosmetic. The industrial category has captured the largest market share in 2022, due to its widespread applications across various industries.

Based on end-user, the global Petroleum jelly market has been segmented into Pharmaceuticals, Cosmetic & Personal Care, Food, Textile, Leather and Others. The food category captured the largest market share in the petroleum jelly market in 2022, due to its application in the food industry as a lubricant and release agent.

Regional Analysis

The global Petroleum jelly market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Petroleum jelly market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Petroleum jelly market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Petroleum jelly market comprises of Middle East, Africa, and Latin America.

The largest market share for Petroleum jelly was maintained by the North American regional sector. North America has secured the largest market share in the petroleum jelly market due to its extensive usage in diverse industries, including pharmaceuticals, cosmetics, and food. The region's well-established manufacturing and industrial sectors, coupled with a robust healthcare and personal care industry, contribute to the dominance of petroleum jelly. Additionally, the presence of key market players and their focus on product innovation further solidify North America's position. The region's high consumption across various applications has propelled its leading market share in the petroleum jelly industry.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has captured the second-largest market share in the petroleum jelly market due to its substantial demand in industries such as personal care, pharmaceuticals, and food. The region's well-developed healthcare and cosmetic sectors contribute to the significant use of petroleum jelly in various applications. Additionally, the focus on sustainable and natural formulations in the personal care industry aligns with the versatile properties of petroleum jelly. The presence of key manufacturers and a robust industrial base further enhances Europe's standing as the second-largest market for petroleum jelly.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the petroleum jelly market due to increasing industrialization, rising disposable incomes, and growing awareness of skincare and personal care products. The demand for petroleum jelly is expanding in cosmetics, pharmaceuticals, and industrial applications. The region's large and diverse consumer base, coupled with the influence of Western beauty trends, contributes to the significant growth observed in the Asia Pacific petroleum jelly market. The burgeoning economies and evolving consumer preferences fuel the notable CAGR in this region.

Furthermore, the rest of the world's Petroleum jelly market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the petroleum jelly market due to expanding personal care and pharmaceutical industries, increased consumer awareness of skincare, and a rising demand for affordable and effective moisturizing products. Diverse applications and cultural preferences contribute to the market's global expansion.

Key Findings of the Study

• The global Petroleum jelly market is expected to reach USD 0.74 billion by 2032, at a CAGR of 4.30% during the forecast period


• The Asia Pacific region is the fastest-growing in the petroleum jelly market due to a rising population, increasing disposable incomes, and growing awareness of skincare. The region's beauty and personal care industry's dynamic growth contributes to the accelerated market expansion.


• Based on end-user, the food segment was attributed to holding the largest market in 2022, with an approximate market share of 20–25%.


• CITGO Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, Calumet Specialty Products Partners, L.P., Eastern Petroleum Pvt. Ltd., Hindustan Unilever Limited, The Procter & Gamble Company, Vaseline (Unilever), Sonneborn, LLC and Renova.