Natural Cosmetics Market

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.

Market Dynamic

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.

COVID-19 Impact

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:

• Skin Care
• Hair care
• Color Cosmetics
• Fragrance
• Oral Care
• Toiletries

By Application:

• Male
• Female
• Unisex
• Baby

By End-use :

• Personal Care (Household)
• Salon & Spa

By Sales Channel:

• Hypermarket/Supermarket
• Online Stores
• Convenience Stores
• Specialty Stores
• Wholesale/Distributors
• Club Stores

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the Europe market held a sizeable revenue share of 35.3%. According to Cosmetics Design Europe, consumers in Germany and France were more conscious about what they applied to their skin. As a result, they preferred natural, herbal, and organic for their skincare routines.
• In Asia Pacific, the market for natural skin care products is expected to witness a CAGR of 5.9% from 2022 to 2032. Consumer’s inclination towards naturally manufactured products is expected to shoot up demand for such products, especially in developing countries, such as India and China.

Competition Analysis

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:

• In May 2021, The male vegan cosmetics line The new Tea Tree Dandruff Control Shampoo from Phy, which is mild, sulfate-free, and silicone-free, was just released. In this shampoo, Australian-origin tea tree oil and willow bark combine to fight microorganisms, leaving your scalp flake-free, itchy, and with nourished hair.
• In November 2021, With the opening of its first-ever beauty e-commerce store in India, Victoria’s Secret, the top intimate specialty retailer, increased its global footprint.

A list of some of the key suppliers present in the market are:

• The Estee Lauder Companies, Inc.
• L’Occitance International SA
• FANCL Corp.
• The Clorox Co
• LOreal SA
• Jurlique International Pty. Limited
• Laboratoire Nuxe
• Bare, Escentuals, Inc
• Aubrey Organics, Inc.
• Nature’s Gate

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.