The Herbal Beauty Products Market is segmented by Product Type (Skin Care Products, Hair Care Products, Makeup, Color Cosmetics, Fragrances, and Others), by Distribution Channel Type (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Stores, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Herbal Beauty Products Market is segmented by Product Type (Skin Care Products, Hair Care Products, Makeup, Color Cosmetics, Fragrances, and Others), by Distribution Channel Type (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Stores, and Others), and by Region...
The Herbal Beauty Products Market was estimated at US$ 75.1 billion in 2022 and is expected to grow at a CAGR of 5.6% during 2023-2028 to reach US$ 104.43 billion in 2028.
Herbal beauty products are cosmetics and skincare formulations predominantly composed of plant-derived ingredients. These products harness the beneficial properties of botanicals, herbs, and natural extracts to enhance skin and hair health. They are favored for their use of organic and herbal components, minimizing synthetic chemicals and artificial additives. Herbal beauty products cater to individuals seeking a more natural and holistic approach to personal care. They encompass a variety of items like herbal creams, lotions, serums, shampoos, and more, targeting diverse beauty and wellness needs.
Market Drivers
The prime factor that is contributing to the demand for herbal cosmetics is growing consumer awareness regarding the harmful effects of chemicals being added to beauty products. The appeal lies in their potential to nourish, rejuvenate, and enhance one's appearance while aligning with a sustainable and eco-friendly ethos.
Segments Analysis
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By Product Type
The herbal beauty products market is segmented into skincare products, hair care products, makeup, color cosmetics, fragrances, and others. The skincare segment is likely to be the largest segment of the herbal beauty products market during the forecast period. The segment is likely to witness the highest CAGR in the forecast period due to the increasing awareness of the benefits of herbal beauty products on the body such as skin improvement, acne reduction, and removal of fine lines to slow down aging processes.
By Distribution Channel Type
The market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online stores, and others. The supermarket segment is likely to be the largest segment over the forecast period. These stores offer trained representatives who work very creatively and are generally competent to provide the customer with a high quality of services that eventually impact the salability of the products positively.
Regional Analysis
In terms of region, the North American herbal beauty products market is anticipated to grow at the highest CAGR during the forecast period. The demand for herbal beauty products in North America is driven mainly due to green-label products and the willingness of consumers to pay premium prices for natural ingredients-based products. Asia Pacific is anticipated to be the fastest-growing market, where China, Japan, and India, being the major countries with lucrative growth opportunities.
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Key Players
Some of the major herbal beauty product manufacturers are-
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Herbal Beauty Products Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Arbonne International, LLC, Bio Veda Action Research Co., Hemas Holdings PLC, Klienz Herbal Pvt. Ltd., Lotus Herbals Limited, Marc Anthony Cosmetics, Inc., Shahnaz Ayurveda Pvt. Ltd, The Himalaya Drug Company, Vasa Global Cosmetics, and Weleda AG are among the key players in the Herbal Beauty Products Market.