Natural Cosmetics Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Natural Cosmetics Market grew at a CAGR of 5.2% between 2017-2021 and is estimated to be US$ 31,265.7 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.5% and is expected to reach a valuation of US$ 53,406.3 Mn by 2032 end.
Throughout the projected period, the market is anticipated to grow in response to Consumers’ inclination towards chemical-free makeup and natural solutions is fueling the demand for natural cosmetics. Additionally, consumers have a growing trend for ‘green beauty’ and ‘clean beauty,’ compelling cosmetic scientists to return to traditional and local ingredients.
GROWING DEMAND FOR NATURAL COSMETICS DRIVES THE MARKET
Natural and organic cosmetics are in high demand. Several factors contribute to this growth, including consumers’ desire to avoid harmful chemicals and synthetic ingredients. Without the use of such substances, natural and organic cosmetics are less expensive than their counterparts, which are made from synthetic chemicals. They also tend to be free of any hazardous chemicals. Increasing awareness about these products’ negative effects on health is another factor contributing to the popularity of natural and organic cosmetics.
NO LAW AND REGULATION HAMPER THE MARKET GROWTH
International standards and voluntary guidelines regulate the cosmetics market. However, there are no explicit laws or regulations about natural cosmetics. This situation has resulted in ambiguous definitions that have led to uncertain approaches. Institutional opinions of natural cosmetics differ from private standards.
The Covid-19 outbreak has harmed beauty and personal care goods. Consumers seek beauty products that are free of contaminants, have recognizable brands, and are effective. For firms to continue to sell their products shortly before this epidemic stops, they need to provide door-to-door and online delivery options. There’s speculation that sales will increase in brick-and-mortar stores but decrease online. Global consumers claim they anticipate more online involvement and expenditure before COVID-19 ends. The market value might not catch up to the pre-COVID-19 value until 2027.
Market Segments Covered in Report
By Product Type:
By End-use :
By Sales Channel:
By Region and Country:
Why are Natural Cosmetics for Skin Care and Hair Care projected to ensure the most revenue during the forecast period?
At 55.0% of the market, Natural Cosmetics for Skin Care and Hair Care had the greatest revenue share. Natural cosmetics for hair care and skin care continue to influence growth strategies, while manufacturers are targeted towards capitalizing on color cosmetics and fragrances. The growing popularity of natural cosmetic colors made using pigments found in fruits and vegetables also works to the market players’ advantage.
Why are the Male Grooming Space and Online Stores segment expected to expand the fastest during the forecast period?
In 2021, Natural cosmetics, with their unique combination of science and nature, are fast becoming the preferred choice among consumers who are increasingly moving away from heavily processed, artificial ingredients. Demand for natural cosmetics for men is expected to remain strong, especially in global markets such as China and India. Social acceptance of natural products has made it difficult for manufacturers to compete against a resurgent K-Beauty trend.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Major corporations are turning to organic and inorganic development tactics to strengthen their position in the market by diversifying their product offerings. These firms hope to stabilize or grow their global business presence by leveraging new technologies and adopting new business practices.
Some of the key developments that have taken place in the Natural Cosmetics Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Applications, End Use, Sales Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.5%.
Natural cosmetics cause a new class of product innovation, which adds value to the cosmetics industry. Natural cosmetics are being used as they cater to health-conscious consumers’ demand for chemical-free products and their desire for natural solutions.
Major global Natural Cosmetics Market players are The Estee Lauder Companies, Inc., L’Occitance International SA, FANCL Corp., The Clorox Co, LOreal SA, and Jurlique International Pty. Limited, Laboratoire Nuxe, Bare, Escentuals, Inc, Aubrey Organics, Inc., Nature’s Gate.
Lack of awareness about the newly launched products in low-income countries and limited penetration of some of the most prominent brands in various underdeveloped regions are likely to disrupt the market growth.
The Asia Pacific region is expected to account for the largest market revenue share in the Global Natural Cosmetics market.
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