As per FMI estimates, the global natural cosmetics market will amass a revenue of USD 79.6 billion by 2033, with sales growing at a modest compound annual growth rate (CAGR) of 5.1% from 2023 to 2033. This market will reach USD 48.4 billion by the end of 2023. The demand for natural cosmetics will continue to grow as consumers become more health conscious and environmentally aware. Hence, surging demand for organic and plant-based products along with greater availability of natural cosmetic products on mainstream retail channels will fuel the growth of the natural cosmetics market in the upcoming years.
The future of the natural cosmetics market looks quite promising primarily due to the growing awareness of the harmful effects of synthetic ingredients. Consumers are becoming increasingly aware of potential health risks associated with synthetic ingredients usually found in cosmetics such as parabens, phthalates, and synthetic fragrances.
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With personal care and beauty products gaining prominence over the past few years, concerns regarding the ingredients play an active role in the sales of cosmetic products which, in turn, augurs well for the natural cosmetics market. Prevailing environmental consciousness also has a positive impact on the market growth of natural cosmetics. This is because many consumers are seeking products that are sustainably produced and have less of an impact on the environment.
Key Takeaways:
- Increasing use of plant-based ingredients as well as constant innovation and new product development will strengthen prospects for the natural cosmetics market.
- In China, the natural cosmetics market is driven by the surging awareness of the adverse effects of synthetic ingredients in cosmetic products.
- In 2022, the natural cosmetics market in the US accounted for 82.3% share of the North American market, and robust growth is predicted for the market in the forthcoming years.
- Based on type, the skincare segments account for a sizeable portion of the natural cosmetics market share.
- By consumer orientation, women will continue to dominate the market during the assessment period.
During the forecast period, the natural cosmetics market will be driven by the increasing availability and accessibility of natural cosmetic products. With the continuous growth of the market, many companies are entering the market and making natural cosmetic products more widely available to consumers. The availability of these products in mainstream retail also augurs well for overall market growth.
In addition, advancements in technology and formulations also aid the expansion of the natural cosmetics market size. The natural cosmetics industry is constantly innovating and developing new formulations that are more effective and can compete with conventional cosmetics in terms of performance. Overall, the natural cosmetics market is expected to continue to grow as consumers become more health and environmentally conscious and demand for natural and organic products continues to rise.
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Key Players:
- L’Oréal SA
- Amway Corporation
- Beiersdorf
- Benefit Cosmetics LLC
- Chanel S.A.
- Clarins Group
- Coty Inc.
- Estee Lauder Companies Inc.
- Johnson & Johnson
- Kao Corporation
- Laverana GmbH & Co. KG
- LVMH (Moët Hennessy -Louis Vuitton)
- MAC cosmetics
- Mary Kay Cosmetics
- Procter & Gamble Co.
- Revlon Inc.
- Shiseido Co., Ltd.
- Others (on additional request)
More Insights into the Natural Cosmetics Market:
FMI delivers an unbiased and detailed analysis of the global natural cosmetics market in its latest report along with historical data from 2017 to 2021 and forecast statistics for 2023 to 2033. The report offers insight into a ten-year sales forecast, key market drivers, prevailing trends, opportunities, and challenges. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, consumer orientation, packaging, end-use industry, and region.
According to the latest reports, based on segmentation, the sachet packaging segment will witness high demand and contribute substantially to total market growth. The use of sachets complies with the elevated need for mass distribution. This type of packaging is also affordable and easy to carry. Thus, the sachet segment will observe greater demand. In terms of product type, the skincare segment will dominate the global marketplace.
Based on the country, the natural cosmetics market in the US will exhibit significant growth. In 2022, the target market in this region accounted for about 82.3% of the North American market share. Consumers are becoming more health-conscious and are increasingly seeking out natural and organic products in all areas of their lives, including cosmetics. Additionally, growing awareness of the harmful effects of synthetic ingredients in cosmetics drives the growth of the natural cosmetics market in the US. Other countries like China and India will also display notable growth in the market. Hence, the US, China, and India will fuel the global growth of the natural cosmetics market.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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