Global Herbal Beauty Products Market - Growth, Trends, and Forecast (2022 - 2030)
Herbal Beauty Products Market Insight
The global herbal beauty products market is projected to grow at the rate of 6.5% during the forecast period 2018 to 2023. The cosmetics industry is highly competitive in nature and requires continuous innovation and development, especially in case of the ingredients used in beauty products. Key players in herbal beauty products manufacturing are primarily focused towards vindicating the adverse effects of synthetic beauty products. There is an increasing demand of herbal beauty products owing to the rising consumer awareness regarding harmful effects of the chemical added to the beauty products. Beauty companies have been acquiring herbal beauty and personal care brands to expand consumer base who are progressively passionate about clean, green, and herbal products. Ingredient players are also now acquiring their equivalents with strong natural ingredient businesses. For example, in May 2018, IFF (International Flavors & Fragrances) acquires clean-label beauty and fragrance ingredient maker Frutarom.
Popularity of Cruelty Free Beauty Products to Drive the Herbal Beauty Products Market Growth
Growing preference for chemical free products, along with rising popularity of environment sustainable products, is driving the demand for herbal beauty products across the globe. Growing demand for chemical-free hair and skin products along with growing awareness about cruelty free cosmetics products is supporting the market growth from last few years. Additionally, naturally-derived products help to reduce dependence on petroleum based beauty products. Significant rise in influence of social media and beauty blogs that are communicating the benefits of herbal beauty products is likely to influence sales of herbal beauty products. Moreover, herbal beauty products are suitable for all type of skin which is influencing the sales of herbal beauty products such as foundation, eye shadow, and lipstick which are appropriate irrespective of skin tone. Availability of various type of herbal beauty products and improving distribution network are playing key role to drive the market growth in upcoming year.
Skin Care Herbal Beauty Products to Witness Fastest Growth during the Forecast Period
Key players across the globe are focusing more on innovation in cosmetics products which contain plant based ingredients rather than animal based ingredients which is likely to support the growth of the market. Growing awareness about beneficial properties and characteristics of herbal beauty products such as soothing skin and healing aliments is attracting consumers to buy more herbal beauty products. However, the demand for organic personal care products is likely to support herbal beauty products market growth in the upcoming years. The herbal hair care cosmetics products are witnessing significant growth especially in products such as shampoos & conditioners which is expected to fuel market growth. The growth of the herbal skincare productssegment is mainly driven by growing demand for clean label beauty products, along with rising number of health conscious consumers across the globe.
Asia-Pacific Region to Witness Fastest Growth Rate for Herbal Beauty Products Market during the Forecast Period
In North America, the consumer inclination towards healthier lifestyles and the growing demand for products which have a low impact on the environment are driving the market growth. Additionally, growing acceptance of vegan lifestyles among millennial is likely to contribute the growth of the market. In Asia-Pacific region, to meet consumer expectations, key players are focusing on environmental dimension of their strategies, by creating sustainable partnerships with local vendors or providing information to their consumers about origin and quality of their raw materials. This approach is not only for the procurement practices, but also for the packaging which will change the market dynamics of herbal beauty products market in the upcoming years. Availability of raw material and huge consumer base is influencing the market growth in Asia-Pacific region. For instance, among Southeast Asian countries, Thailand leads as an original equipment manufacturer (OEM) for international cosmetic brands. Thailand OEM cosmetic manufacturers can produce premium quality product including herbal beauty products which is driving the growth of the herbal beauty products market in the region.
Key Developments in the Herbal Beauty Products Market
April 2018 - Rausch Herbal Beauty Productsenters TR with Dufry at Zurich. Rausch has a range which includes specialist hair and body care products, available as collection sets, travel retail assortments and body care gift boxes.
June 2018 - Weleda AG Receives First-ever UEBT Certification and Label for Sourcing with Respect. Weleda is one of two leading brands worldwide to be the first to obtain the new UEBT (Union for Ethical Biotrade) certification for sourcing with respect. UEBT is a non-profit organization that provides a globally recognized standard for sustainable sourcing and the use of raw materials.
Competitive Landscape of Herbal Beauty Products Market
Major Key Players - Arbonne International LLC, Aveda Corporation, Dr. Hauschka, Grown Alchemist, Herbline, Himalaya Herbals, Natura & Co, Renpure, S.W. Basics, Tata Natural Alchemy, LLC, VLCC Healthcare Ltd and Weleda AG, among others.
Reasons to Purchase this Herbal Beauty Products Market Research Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Herbal Beauty Products Market Research Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
The global herbal beauty products market is projected to grow at the rate of 6.5% during the forecast period 2018 to 2023. The cosmetics industry is highly competitive in nature and requires continuous innovation and development, especially in case of the ingredients used in beauty products. Key players in herbal beauty products manufacturing are primarily focused towards vindicating the adverse effects of synthetic beauty products. There is an increasing demand of herbal beauty products owing to the rising consumer awareness regarding harmful effects of the chemical added to the beauty products. Beauty companies have been acquiring herbal beauty and personal care brands to expand consumer base who are progressively passionate about clean, green, and herbal products. Ingredient players are also now acquiring their equivalents with strong natural ingredient businesses. For example, in May 2018, IFF (International Flavors & Fragrances) acquires clean-label beauty and fragrance ingredient maker Frutarom.
Popularity of Cruelty Free Beauty Products to Drive the Herbal Beauty Products Market Growth
Growing preference for chemical free products, along with rising popularity of environment sustainable products, is driving the demand for herbal beauty products across the globe. Growing demand for chemical-free hair and skin products along with growing awareness about cruelty free cosmetics products is supporting the market growth from last few years. Additionally, naturally-derived products help to reduce dependence on petroleum based beauty products. Significant rise in influence of social media and beauty blogs that are communicating the benefits of herbal beauty products is likely to influence sales of herbal beauty products. Moreover, herbal beauty products are suitable for all type of skin which is influencing the sales of herbal beauty products such as foundation, eye shadow, and lipstick which are appropriate irrespective of skin tone. Availability of various type of herbal beauty products and improving distribution network are playing key role to drive the market growth in upcoming year.
Skin Care Herbal Beauty Products to Witness Fastest Growth during the Forecast Period
Key players across the globe are focusing more on innovation in cosmetics products which contain plant based ingredients rather than animal based ingredients which is likely to support the growth of the market. Growing awareness about beneficial properties and characteristics of herbal beauty products such as soothing skin and healing aliments is attracting consumers to buy more herbal beauty products. However, the demand for organic personal care products is likely to support herbal beauty products market growth in the upcoming years. The herbal hair care cosmetics products are witnessing significant growth especially in products such as shampoos & conditioners which is expected to fuel market growth. The growth of the herbal skincare productssegment is mainly driven by growing demand for clean label beauty products, along with rising number of health conscious consumers across the globe.
Asia-Pacific Region to Witness Fastest Growth Rate for Herbal Beauty Products Market during the Forecast Period
In North America, the consumer inclination towards healthier lifestyles and the growing demand for products which have a low impact on the environment are driving the market growth. Additionally, growing acceptance of vegan lifestyles among millennial is likely to contribute the growth of the market. In Asia-Pacific region, to meet consumer expectations, key players are focusing on environmental dimension of their strategies, by creating sustainable partnerships with local vendors or providing information to their consumers about origin and quality of their raw materials. This approach is not only for the procurement practices, but also for the packaging which will change the market dynamics of herbal beauty products market in the upcoming years. Availability of raw material and huge consumer base is influencing the market growth in Asia-Pacific region. For instance, among Southeast Asian countries, Thailand leads as an original equipment manufacturer (OEM) for international cosmetic brands. Thailand OEM cosmetic manufacturers can produce premium quality product including herbal beauty products which is driving the growth of the herbal beauty products market in the region.
Key Developments in the Herbal Beauty Products Market
April 2018 - Rausch Herbal Beauty Productsenters TR with Dufry at Zurich. Rausch has a range which includes specialist hair and body care products, available as collection sets, travel retail assortments and body care gift boxes.
June 2018 - Weleda AG Receives First-ever UEBT Certification and Label for Sourcing with Respect. Weleda is one of two leading brands worldwide to be the first to obtain the new UEBT (Union for Ethical Biotrade) certification for sourcing with respect. UEBT is a non-profit organization that provides a globally recognized standard for sustainable sourcing and the use of raw materials.
Competitive Landscape of Herbal Beauty Products Market
Major Key Players - Arbonne International LLC, Aveda Corporation, Dr. Hauschka, Grown Alchemist, Herbline, Himalaya Herbals, Natura & Co, Renpure, S.W. Basics, Tata Natural Alchemy, LLC, VLCC Healthcare Ltd and Weleda AG, among others.
Reasons to Purchase this Herbal Beauty Products Market Research Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Herbal Beauty Products Market Research Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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