The Global Natural Cosmetics Market was $21.5 Bn in 2020, and it is expected to reach $89.7 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 15.4% between 2020-2030. Organic personal care and cosmetic products generally comprise plant ingredients. They do not contain any chemicals such as phthalates, parabens, aluminum salts, and petrochemicals, which are the cause of skin infection and irritation. Increasing beauty consciousness and health awareness are prime factors that are boosting the market growth. In addition to this, increasing disposable income coupled with improved standards of living, is propelling the market growth during the forecast period. Now, moving forward, the robust demand for the global Natural Cosmetics market in the healthcare department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Natural cosmetics is used as an alternative towards the synthetic cosmetics. Overall cosmetics market in US had declined from 2018 to 2019. But natural cosmetics market had shown a growth rate of more than 5% overall from 2018 to 2019. Customers are shifting their choice more towards the natural based products rather than premium cosmetics in USA. As per the information provided from one of the market leader in US, People are willing to spend more on natural products due to increasing skin disease trends. According to American Academy of Dermatology, Inc, 1 out of 4 American is diagnosed with some skin disease in 2019. Growing awareness of natural cosmetics and its benefits towards prevention of skin disease is expected to show growth of natural cosmetics. Corona has impacted the market overall in 2020 but the market is expected to grow at more than 20% in 2021 throughout the globe. Asia Pacific is expected to grow at more than 19.8% CAGR through the forecast period. Its demand is seen mostly in Skincare segment where market is expected to grow at a CAGR of more than 21.4% through the forecast period.
Global Natural Cosmetics Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Natural Cosmetics market is segmented as product and distribution channel. By Product, the global Natural Cosmetics market has been bifurcated as Skin Care, Hair Care, Fragrance, and Color Cosmetic. By Distribution Channel, the global Natural Cosmetics market has been segmented as Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online.
By Region, Europe is Holding the Major Market Share
The Natural Cosmetics Market has been geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Europe has a significant share among those regions. The availability of raw material and the natural cosmetics industry are the prime factors for market growth over the region. Apart from that, increasing awareness among the people for cosmetics and a massive demand for natural products propel the market growth over the region. Apart from that, North America and the Rest of the regions are expected to increase the growth rate in the upcoming forecast period of 2020 to 2030.
Major Players in the Global Natural Cosmetics Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include L'Occitane en Provence (L'Occitane Group), LOreal International, Arbonne International, LLC, Burt's Bees, Estee Lauder Companies Inc., Amway Corporation, Oriflame Cosmetics S.A., Yves Rocher, Weleda, Aubrey Organics, Korres S.A., Bare Escentuals Beauty Inc., AVEENO, Avon Product Inc., and Coty Inc. among others.
The Global Natural Cosmetics Market Has Been Segmented into:
Global Natural Cosmetics Market: By Product
Global Natural Cosmetics Market: By Distribution Channel
Global Natural Cosmetics Market: By Region