USD 7.3 billion
Report ID:
SQSG30L2047 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
117
|Figures:
77
Natural Skin Care Products Market size was valued at USD 7.3 billion in 2019 and is poised to grow from USD 8.37 billion in 2023 to USD 11.87 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
Growing understanding of the adverse effects of chemicals on the skin, including irritation and dullness, is one of the key reasons driving the market growth. Customers now look for eco-friendly, natural skin care products as they become more aware of the advantages of products made with organic ingredients.
The natural skincare products market is expected to grow as people become more aware of the benefits of natural products. Natural skin care products are becoming increasingly popular due to their numerous health and therapeutic benefits for human skin. These natural skincare products contain Vitamin C, Vitamin D, Vitamin E, Resveratrol, alpha-hydroxyl acid, and other natural compounds derived from plant sources that aid the body's function and make them simple to use.
Furthermore, these products are gentler on the skin because they are free from chemical compounds and synthetic ingredients that are harsh on the skin, such as artificial fragrance, dyes, parabens, sulfates, phthalates, and other petrochemical substances found in regular skincare products. Shift in public preference from regular skin care products to natural skin care products as a result of increased concern for animals harmed during the manufacturing process of regular skin care products has resulted in increased utilization of natural skin care products.
US Natural Skin Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.3 billion
Largest Segment
facial care
Fastest Growth
facial care
Growth Rate
6.6% CAGR
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Global natural skincare product market is segmented on the basis of type, product, end-use, distribution channel, and region. Based on type, the market is bifurcated into mass and premium. On the basis of product, the market is bifurcated into facial care and body care. On the basis of end use, the market is bifurcated into men and women. On the basis of distribution channel, the market is divided into direct selling, hypermarket and retail chain, e-commerce pharmacy, drug stores, and others. On the basis of region, the Natural Skin Care Products Market is divided into North America, Europe, Asia Pacific, and MEA.
Natural Skin Care Products Market Analysis by Product
Global natural skin care products market was dominated by the facial care sector in 2022, which also had the highest revenue share of 74.8%. A significant factor in the segment growth in recent years has been the inclination for complex facial care routines among both men and women. Due to the increased demand for facial solutions, established manufacturers have been motivated to extend their product lines by purchasing promising natural skin care businesses. According to a 2020 AAD study, adult acne is becoming more common and affects up to 15% of American women each year. Therefore, producers are concentrating on creating facial care for skin that is prone to acne that doesn't contain any harmful components or chemicals.
Natural Skin Care Products Market Analysis by Type
With a revenue share of 74.9% in 2022, the mass segment dominated the global natural skin care products market. The availability of manufacturers creating goods with organic ingredients that may be used frequently while taking product cost into consideration is a key driver promoting the growth of this market. For instance, Himalaya is a sustainable personal care company that sells a variety of affordable goods for skin, body, and hair care.
These producers and companies continue to drive the market for natural skin care products. In order to avoid the parabens included in traditional cosmetics, there has been a movement in consumer preference for popular natural skin care products.
The fastest CAGR of 6.8% is predicted for the premium segment between 2023 and 2030. Offerings from premium product lines are identical to those from mass product lines, but because they may be customized with both tangible and intangible characteristics, such as botanical blends, consumers are willing to pay more for them. The natural skin care products market is largely driven by quality and value-added features. Some of the more upscale companies that sell natural products are True Botanicals, Amala, Dr. Alkaitis, Alitura Naturals, and Vered Organic Botanicals.
Natural Skin Care Products Market Analysis by End-use
Women dominated the global natural skin care products market in 2021, accounting for 77.7% of total revenue. Growing consumer demand for natural skin care products to avoid breakouts and discomfort brought on by synthetic cosmetics is one of the main factors fueling market rise. Women care more about their looks than men do, and as a result, they take better care of their skin and the products they use on it.
From 2022 to 2028, the men segment is expected to grow at the fastest CAGR of 7.0%. Over the years, the demand has been driven by an increase in male awareness of grooming and skin nourishment. This has prompted producers to concentrate on the line of male personal grooming products.
Natural Skin Care Products Market Analysis by Distribution Channel
With a market share of more than 48.1% in 2021, hypermarkets and retail chains accounted for the highest share of the natural skin care products market. These shops have concentrated on providing natural and chemical-free sections designed to spark customer interest and provide them the option to select from a variety of brands before making a purchase. In addition, because eco-friendly and sustainable items are so popular, many merchants are putting their attention toward updating their product lines in their stores.
From 2022 to 2030, the e-commerce market is anticipated to grow at a CAGR of 7.0%. Consumers are increasingly using the internet, and businesses are targeting their marketing to all customer touchpoints, which is anticipated to drive this market's expansion. For instance, the Mother's Day ad for the beauty and cosmetics company Mamaearth, which sells all-natural skin, hair, and baby care products, was launched in May 2020. In order to compete for rewards for the TikTok video that received the most online likes, mothers had to publish their videos under the hashtag #MamaearthMummySong on the app. Brands that employ these tactics frequently see increases in consumer trust and engagement.
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With a market share of 39.2% in 2022, Europe was the market leader in the global natural skin care products market. Customers prefer natural, herbal, and organic skin care products because they are more selective about what they put to their skin in nations like the U.K., France, Italy, and Germany. Additionally greater purchasing power as well as presence of key players operating in the market is boosting the market growth.
The natural skin care products market in Asia Pacific is anticipated to grow at a CAGR of 8.8% between 2023 and 2030. Demand for these products is anticipated to soar as a result of customer preferences for naturally produced goods, particularly in developing nations like India and China.
The natural skin care products market in the region has been targeted by numerous top businesses like Skincraft, Natures Tattva, and mCaffeine. From 2023 to 2030, the market in North America is anticipated to grow at a CAGR of 8.7%. Consumers in developed nations like the U.S. and Canada are ready to pay a high price for skin that glows and looks more young
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Natural Skin Care Products Market Driver
Demand for chemical-free products to augment the demand for natural skin care products
Natural Skin Care Products Market Restraint
Allergic reactions due to the overuse of skin care cosmetics is expected to limit the use of cosmetic products.
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The natural skin care products market is highly competitive and has both national and international players. New product releases, agreements/partnerships, expansions, mergers, and acquisitions are the main strategies used by businesses in the market. Companies are increasingly pursuing the merger and acquisition strategy to capitalize on their individual key strengths, such as intense R&D efforts, distribution networks, and the creation of new products, to enhance the portfolio, capture untapped markets, and advance the natural skin care products market.
Top Players in the Global Natural Skin Care Products Market
Natural Skin Care Products Market Recent Developments
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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the natural skin care products market report analysis, manufacturers in the natural skincare industry are diverting their attention on opportunities presented by Asia-Pacific emerging markets in order to increase their consumer base. The new firms are introducing products with the intention of raising awareness of non-synthetic skin care products and sustainability. Due to this trend, several companies are now offering a wide range of natural products designed specifically for men, including face wash, serum, and facial cleaning oil.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.3 billion |
Market size value in 2031 | USD 11.87 billion |
Growth Rate | 6.6% |
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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Historical Year | 2019 |
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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 Skin Care Products 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 Skin Care Products 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 Skin Care Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Natural Skin Care Products 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.
Natural Skin Care Products Market size was valued at USD 7.3 billion in 2019 and is poised to grow from USD 8.37 billion in 2023 to USD 11.87 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
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Report ID: SQSG30L2047
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