According to newly released data by Future Market Insights (FMI), the global natural cosmetics market is estimated to reach USD 48.4 billion in 2023 and is projected to expand to USD 79.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.1% over the next decade.
The growth of the natural cosmetics market can be attributed to several key factors:
- Increased Consumer Awareness: There is a growing awareness among consumers about the benefits of using natural ingredients in cosmetics. This shift is fostering a robust demand for organic and plant-based products.
- Rise of Clean Beauty: The clean beauty trend emphasizes products free from harmful chemicals and highlights environmentally sustainable practices. Consumers are increasingly prioritizing products that benefit both their skin and the planet.
- Enhanced Availability: The increasing presence of natural cosmetics in mainstream retail channels is making these products more accessible to consumers worldwide.
Market Dynamics
The natural cosmetics market is experiencing significant expansion, driven by several dynamics:
- Growing Use of Plant-Based Ingredients: Natural cosmetics increasingly utilize plant-based ingredients such as aloe vera, coconut oil, and botanical extracts. These ingredients are valued for their health benefits and effectiveness in addressing various skin and hair concerns.
- Rising Environmental Awareness: As consumers become more conscious of the environmental impact of their choices, there is a heightened demand for sustainably sourced, produced, and packaged natural cosmetics. Many brands are adopting eco-friendly practices to meet this demand.
- Innovation and New Product Development: Continuous innovation, including biodegradable packaging and waterless formulations, is opening new opportunities in the market, allowing brands to expand their offerings and reach a broader audience.
Competitive Landscape
Companies in the natural cosmetics market are adopting unique and targeted differentiation strategies to broaden their business scope and meet the needs of a growing consumer base.
- In 2021, Global Bioenergies announced the introduction of a new cosmetic ingredient that is naturally sourced isododecane, which can now be used in the large products of skincare and haircare.
Key Companies Profiled
- 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.
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Market by Category
By Product Type:
- Skin and Sun Care
- Dry Skin
- Acne
- Sunburn
- Hyperpigmentation
- Oily skin
- Fine lines and wrinkles
- Dark circles and puffiness
- Hair Care
- Dry and damaged hair
- Dandruff
- Oily hair
- Frizzy hair
- Hair loss
- Scalp irritation
- Bath & Shower
- Dry skin
- Body odor
- Eczema and psoriasis
- Itchy skin
- Rough and uneven skin texture
- Men’s Grooming(Only Shaving)
- Razor burn
- Ingrown hair
- Dry skin
- Razor bumps
- Redness and irritation
- Cuts and nicks
- Uneven skin tone
- Color Cosmetic
- Uneven skin tone
- Acne and blemishes
- Dry and chapped lips
- Smudging and fading makeup
- Sensitive skin
- Irritation from synthetic chemicals
- Fragrances & Deodorants
- Body odor
- Skin irritation
- Sweating
- Synthetic fragrances
- Allergies
- Oral Care
- Bad breath
- Tooth sensitivity
- Plaque and tartar buildup
- Discolored teeth
- Gum disease
- Canker sores
By Consumer Orientation:
- Male
- Female
- Unisex
- Baby & Kids
By Packaging:
- Bottles & Jars
- Tubes
- Pouches & Sachets
- Pencils & Sticks
By Sales Channel:
- Supermarkets/Hypermarkets
- Department Stores
- Specialty Stores
- Online Sales Channel
- Mono Brand Store
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
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 over 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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