3-Aug-2019: The global natural
cosmetics market size is expected to reach a value of USD
48.04 billion by 2025, at a CAGR of 5.01% from 2019 to 2025, according to a
report published by Grand View Research, Inc. High demand for natural health
and wellness products among millennials due to increasing awareness about the
harmful impact of synthetic chemicals is driving the growth. In addition,
increasing R&D expenditure is likely to propel the growth.
The supermarket and
hypermarket segment was estimated to be valued at USD 13.67 billion, in 2018,
followed by convenience stores; owing to rising demand for natural cosmetics.
The online market is anticipated to expand at a CAGR of 4.47% during the
forecast period. Consumer can access a wide range of natural cosmetics online,
which is expected to remain the key driver for the segment. Opportunity to
obtain the natural products online when it is not available at conventional
stores is anticipated to contributing to the growth.
Natural cosmetics
for skin care was estimated to have the highest revenue share of USD 10.31
billion in 2018 followed by hair care. Growing awareness and popularity for
natural cosmetics is the key factor driving the demand. Natural fragrance
market is expected to register a CAGR of 5.03% over the forecast period. Demand
for products free from harsh cleaners, petrochemicals, preservatives, and other
chemicals, has been growing over the past few years. Major market players have
been significantly investing more into R&D to boost the production to cater
to the changing consumer preference.
Various market
players are involved in manufacturing a variety of natural cosmetics such as
body lotions, scrubs, masks and exfoliators, shampoos, perfumes, and lip care.
Companies namely 100% pure, and Au Natural among others have launched products,
such as lip glosses, concealers, and multi-use products made of natural
contents i.e., mineral and natural pigments, botanical and plant derived
ingredients.
Europe was
estimated to be the largest regional segment of natural cosmetics in 2018 with
a market value of USD13.06 billion and is expected to continue growing over the
forecast period. The growth is expected to be driven by rising demand for
natural cosmetics. A few years back L’Oréal SA launched Botanea which is 100% plant
based hair dye manufactured with the combination of three plants found in
India. Key market players include as; Burt’s Bees; 100% Pure; Korres S.A; Bare
Escentuals Beauty Inc.; L’Oréal SA; AVEENO; Weleda AG; Arbonne International
LLC; Avon Product Inc.; and Coty Inc.
In
depth research report on Natural Cosmetics Market
Further key findings from the report suggest:
·
In terms of revenue, fragrance product is expected to
register a CAGR of 5.03% from 2019 to 2025
·
Skin care held the leading market share of 30.22% in 2018 and
is expected to register a steady growth over the forecast period
·
Europe led the natural cosmetics market in 2018 and is
projected to continue leading over the next few years. Growing fragrance
segment on account of huge demand of natural products is expected to propel the
growth
·
Asia Pacific, due to increasing exposure and demand of
natural beauty products, is expected to drive the demand over forecasted period
·
The market is highly competitive in nature. The main players
include Burt’s Bees; 100% Pure; Korres S.A.; Bare Escentuals Beauty Inc.;
L’Oréal SA; AVEENO; and others
·
Various manufacturers are concentrating on new product
launches and capacity expansion, to estimate existing and future demand
patterns from upcoming product segments.
Grand View Research
has segmented the global natural cosmetics market on the basis of product,
distribution channel, and region:
Natural Cosmetics Product Outlook (Revenue, USD Billion, 2015
- 2025)
·
Skin Care
·
Hair Care
·
Fragrances
·
Color Cosmetics
Natural Cosmetics Distribution Channel Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Supermarkets/Hypermarkets
·
Specialty Stores
·
Convenience Stores
·
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About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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