Natural Cosmetics Market Size, Share, Growth Analysis, By Product(Skin Care, Hair Care, Fragrance, Color Cosmetic), By Distribution Channels(Supermarket, Specialty Stores, Convenience Stores, Online), By Region - Industry Forecast 2024-2031

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.