USD 39.52 billion
Report ID:
SQMIG30L2177 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
65
|Figures:
77
Natural Cosmetics Market size was valued at USD 41.5 Billion in 2023 and is poised to grow from USD 43.58 Billion in 2024 to USD 64.49 Billion by 2032, growing at a CAGR of 5.02% during the forecast period (2025-2032).
It is anticipated that increased environmental consciousness and rising demand for beauty products will fuel the market's expansion. The introduction of natural products is being driven by consumers' growing knowledge of the negative impacts of cosmetics' chemical content. After first hand exposure to the negative consequences of synthetic chemicals, market leader Tata Harper founded this business.
Natural product demand is on the rise as a result of rising knowledge of natural products and their benefits. As a first move into this new face of the cosmetics industry, L'Oréal introduced a plant-based hair colour called Botanea. In order to produce more products with natural ingredients, firms have increased their R&D spending.
As a result of rising demand, they are now more readily available through a variety of distribution channels, including supermarkets and hypermarkets, convenience stores, specialty shops and online outlets. Due to their accessibility, emerging sources like online distribution channels will present supermarkets and hypermarkets with tough competition in the years to come. In order to expose consumers to their complete product line, they are building their websites.
US Natural Cosmetics Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 39.52 billion
Largest Segment
Skin Care
Fastest Growth
Fragrance
Growth Rate
5.02% CAGR
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Global Natural Cosmetics Market is segmented on the basis of product, distribution channels and region. By product, the market is segmented into skin care, hair care, fragrance, color cosmetic. By end user, market is segmented into supermarket, specialty stores, convenience stores, online. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Natural Cosmetics Market Analysis by Product
With sales of USD 10.31 billion in 2023, skin care took the top spot on the global natural cosmetics market. Growing consumer awareness of how ageing affects their skin is predicted to fuel demand for natural alternatives, which is predicted to fuel growth.
Over the course of the projected period, the fragrance segment is expected to grow at a CAGR of 5.03%, followed by color cosmetics. In nations like India and others, rising awareness, the number of working women, and changing lifestyles are anticipated to fuel growth. Opportunities have emerged in other regions as a result of a move in major economies towards natural cosmetics.
Natural Cosmetics Market Analysis by Distribution Channels
Supermarkets and hypermarkets were in the lead in 2023, with a market value of USD 13.67 billion, followed by convenience stores, which generated USD 10.16 billion in revenue. This market has been expanding as a result of the advantages of these shops. Being able to scan things before buying them and receiving assistance from the store staff in choosing the best product are two perks that are expected to favor this method of payment. The segment's growth is also fueled by instant purchases, which are preferred to those made online, which require delivery delays.
Online distribution, which is a new method, is expected to grow at a CAGR of 4.47% during the course of the forecast. This segment's main driver is the availability of several products from various manufacturers. Furthermore, it aids businesses in offering goods with modest outlays and potential for profit. With the help of online marketplaces like Nykaa, Amazon, Jabong, Credo Beauty, and others, some well-known players are launching websites and forming partnerships.
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With a market share of roughly 38.29% of global revenues in 2023, Europe had the largest market. The majority of the major businesses and a growing number of start-up companies that produce natural cosmetics are located in Europe. Over the projected period, it is anticipated that Bioeffect companies will aid Europe in maintaining its leadership position. Despite being relatively stable during the previous economic crisis, German shoppers are now increasingly price cautious and looking for products that provide value. In response to this rising demand, producers have released more multipurpose goods, such as moisturizers with extra SPF protection and anti-wrinkle ingredients.
During the projected period, Asia Pacific is anticipated to develop at a CAGR of 4.42%, making it a rising market for natural beauty products. With increased disposable income and an increase in beauty consciousness, consumers are willing to spend more money on natural products. Chinese women use three skincare products on average every day, similar to their Asian counterparts. A focus on skin-whitening or skin-tone-evening products is also prevalent, as it is in Asian nations. Given this inclination of consumers, sunscreen sales may increase in the future, and sunscreens may also be added to other items. The use of cosmetic and pharmaceutical goods known as "cosmeceuticals," which include things like anti-aging and acne treatments, is rising worldwide.
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Natural Cosmetics Market Drivers
Rising Demand for Sustainable Products
Product Innovation and Research
Natural Cosmetics Market Restraints
Limited Ingredient Availability
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Global demand is being driven by a growing millennial population in nations like those in Asia Pacific and other areas. Prominent players are in a fierce battle to stay current with the newest skincare and cosmetic trends. Manufacturers are focusing on R&D for the incorporation of natural substances in cosmetics to increase sales. The demand for products is anticipated to rise as a result of businesses increasing their distribution networks in Asia Pacific.
Natural Cosmetics Market Top Player’s Company Profiles
Natural Cosmetics Market Recent Development
Clean and Transparent Beauty
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global natural cosmetics market has been experiencing robust growth in recent years, driven by various factors such as increasing consumer awareness, rising demand for sustainable products, and the influence of wellness and clean beauty trends. The market has witnessed a shift in consumer preferences towards natural and organic alternatives, as consumers become more conscious of the ingredients they put on their skin and the environmental impact of their purchasing decisions. Key drivers of the global natural cosmetics market include the growing consumer awareness about the potential health risks associated with synthetic chemicals, the desire for sustainable and eco-friendly products, and the regulatory support for natural and organic ingredients. Additionally, the influence of social media and beauty influencers, product innovation and research, and the expansion of distribution channels, including e-commerce, have contributed to the market's growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 39.52 billion |
Market size value in 2031 | USD 61.41 billion |
Growth Rate | 5.02% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Natural Cosmetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Natural Cosmetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Natural Cosmetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Natural Cosmetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2177
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