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Organic Cosmetics Market: ASEAN Industry 2017–2027

Definition of Market/Industry:

Organic cosmetic is a preparation of cosmetic products by using naturally farmed ingredients. These ingredients have higher levels of antioxidants and are produced without the use of Genetically Modified Organisms (GM) and synthetic fertilizers. Moreover, organic cosmetics do not contain any synthetic colors, fragrances, and dyes. The manufacturing process is completely transparent and all the ingredients are biodegradable protecting the environment and health of the consumer.

Statistics:

The ASEAN organic cosmetics market is estimated to account for US$ 3,966.6 Mn in terms of value by the end of 2019

Drivers:

The market growth of ASEN organic cosmetics can be attributed to the high production of organic ingredients due to the wide availability of resources. As per the report published by Foreverest Resources Ltd. in October 2018, the natural and organic personal care market is expected to reach nearly $20 billion by 2022, and the most rapid growth is coming from the Asia Pacific (APAC) region. In 2016, 34% of beauty products launched in APAC nations carried a sustainable or organic claim.

Ongoing urbanization along with the rising number of working women is another major factor expected to propel the market growth of the ASEAN organic cosmetics. Rising disposable income, especially among middle-class people, is another major factor expected to fuel the market growth of organic cosmetics in the region. According to DIPLOMAT MEDIA INC, Asia is expected to Stay World’s Fastest-Growing Region Through 2030. China is expected to post a 6.8 percent rise this year, although easing to 6.6 percent in 2018 and 6.4 percent in 2019 as the authorities “rebalance” the growth model for the world’s second-largest economy. Japan, the world’s third-largest economy, is seen extending its longest expansion in nearly two decades with a 1.5 percent GDP rise in 2017.

Statistics:

Thailand dominated the ASEAN organic cosmetic market in 2018, accounting for 29.3% share in terms of value, followed by Indonesia and Philippines, respectively

Figure 1. ASEAN Organic Cosmetics Value Market Share (%), By Country, 2018

ASEAN Organic Cosmetics  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Market Restraints

Inappropriate certification of organic chemicals in the Asia Pacific region in terms of product acceptability by the consumer is expected to hamper the market growth of organic cosmetics. This factor is expected to hamper the market growth of organic cosmetics.

The high cost of the organic cosmetic product is expected to hinder the market growth. Moreover, the complex manufacturing process of organic cosmetics is further expected to hamper the market growth of organic cosmetics. Also, the packaging of organic cosmetics requires major capital which is projected to curb the market growth of organic cosmetics.

Market Opportunities

The rising number of partnerships between companies, salons, and clinics is expected to propel the market growth over the forecast timeframe. Various clinics and salons for hair treatment are teaming up with companies such as Avon, The Body Shop and others for distributing organic hair care products. Moreover, rising awareness among consumers regarding the organic cosmetic product is further projected to foster market growth over the forecast timeframe.

Growing demand for men's skin products due to rising awareness regarding appearance and hygiene among men is fueling the market growth of organic cosmetics. For instance, according to L’Oréal’s financial report, 60% of young men (aged between 15 and 24 years) claimed to be concerned about acne or oily skin and over 70% of young men in the country use a cleansing lotion. Moreover, the rising demand for natural hair treatment products is further projected to boost the market growth of organic cosmetics.

Figure 2. ASEAN Organic Cosmetics Market, Opportunity Analysis

ASEAN Organic Cosmetics  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Statistics:

On the basis of product type, skin care organic cosmetic market was valued at US$ 879.5 Mn in 2018 possessing a market share of 24.5% in 2018 by value.

 

Market Trends/Key Takeaways

The rising trend of spending on personal care by the consumer is expected to boost market growth over the forecast period. Improving living of standards coupled with the rising GDP is another major factor projected to fuel the regional market growth of organic cosmetics. The growing trend of using green ingredients among manufacturers is also expected to offer immense growth opportunities to the market of organic cosmetics.

Expanding retail industry in the ASEAN countries is expected to open new doors of opportunity to the market of organic cosmetics. Moreover, ongoing urbanization, especially in countries such as Singapore, India, Malaysia, and Thailand, will further favor the market growth of organic cosmetics.

Figure 3. ASEAN Organic Cosmetics Market Value Share (%), By Product Type, 2018

ASEAN Organic Cosmetics  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Competitive Section:

Players active in the market of organic cosmetic are Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group.

Few Recent Developments

Estée Lauder Inc.

  • On November 18, 2019, The Estée Lauder Companies announced it will acquire Have & Be Co. Ltd., the parent company of Dr. Jart+ and men’s grooming brand Do The Right Thing.

Strategy:

  • The company is focused on increasing its market presence through product innovation
  • The company is focused on expanding its global footprint through various mergers and acquisitions
  • As the market for fragrances and perfumes is anticipated to exhibit double-digit growth in the near future, Estée Lauder is focused towards the acquisition of various perfumes and fragrance companies to enhance its product portfolio in this segment

Organic cosmetics, originated from ingredients which are certified as organic by numerous certifying institutions operating throughout the globe. These ingredients possess high level of antioxidants and are formed without the use of synthetic fertilizers and Genetically Modified Organisms (GM). Additionally, organic cosmetics does not contain any fragrances, synthetic colors, and dyes. Organic cosmetics are manufactured to provide increased benefits such as reducing the risk of harsh skin, irritations and allergies. Organic cosmetics does not have any side effects over human body.

Market Dynamics

Based on product type, organic cosmetics market is segregated into skin care, hair care, make-up, fragrances, toiletries and others. Wherein, hair care accounted for the largest market share in terms of the revenue in 2018, and contributed for 28.3% in the same year. The major applications of organic cosmetics in hair care include hair oils, shampoos etc.

On the basis of country, Thailand accounted for the largest revenue share in 2018 and contributed for the revenue share of 29.3% in 2018. The regional growth is driven by increasing per capita expenditure and rising disposable income in Thailand. Additionally, Singapore region is also predicted to record fastest growth in terms of revenue during the forecast period (2019 to 2027).

Key features of the study:

  • This report provides in-depth analysis of organic cosmetics and provides market size (US$ Million) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the ASEAN organic cosmetics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The ASEAN organic cosmetics market report caters to various stakeholders in this industry including investors, suppliers, organic cosmetics manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the organic cosmetics market

Detailed Segmentation:

  • ASEAN Organic Cosmetics Market, By Product Type:
    • Skin Care
    • Hair Care
    • Make up
    • Fragrances
    • Toiletries
    • Others
  • ASEAN Organic Cosmetics Market, By Distribution Channel:
    • Department Stores 
    • Franchise Outlet     
    • Beauty Specialist Salon    
    • Direct Sales 
    • Chemist/Pharmacies
    • Internet       
    • Others  
  • ASEAN Organic Cosmetics Market, By Country:
    • Thailand
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
    • Singapore
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
    • Malaysia
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
    • Indonesia
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
    • Philippines
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
    • Vietnam
      • By Product Type:
        • Skin Care
        • Hair Care
        • Make up
        • Fragrances
        • Toiletries
        • Others
      • By End Use:
        • Department Stores 
        • Franchise Outlet     
        • Beauty Specialist Salon    
        • Direct Sales 
        • Chemist/Pharmacies
        • Internet       
        • Others
  • Company Profiles
    • Estée Lauder Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • L’Oréal Group
    • WELEDA Inc.
    • Groupe L’OCCITANE
    • KORRES Group

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Key Industry Trends
      • PEST Analysis
      • Merger & Acquisition Scenario
      • Key developments
  4. ASEAN Organic Cosmetics Market, By Product Type, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Skin Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Hair Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Make up
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Fragrances
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Toiletries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
  5. ASEAN Organic Cosmetics Market, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Department Stores 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Franchise Outlet     
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Beauty Specialist Salon    
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Direct Sales 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Chemist/Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Internet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
  6. ASEAN Organic Cosmetics Market, By Region, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Country, 2019 - 2027
    • Thailand
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Singapore
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Malaysia
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Indonesia
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Philippines
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Vietnam
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Estée Lauder Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • L’Oréal Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • WELEDA Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Groupe L’OCCITANE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • KORRES Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 20 figures on "Organic Cosmetics Market - ASEAN forecast to 2027”.

Frequently Asked Questions

The ASEAN organic cosmetics market is estimated to account for US$ 3,966.6 Mn, in terms of value by the end of 2019.
Major players operating in the ASEAN organic cosmetics market include Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group
Inappropriate certification of organic chemicals in Asia Pacific, in terms of product acceptability by the consumer, coupled with high cost of the organic cosmetic products are some of the major factors that are expected to hamper growth of the market over the forecast period.
Rising production of organic cosmetics, owing to wide availability of resources, coupled with increasing number of working women are some of the major factors that are expected to drive growth of the market over the forecast period.
The ASEAN organic cosmetics market is estimated to reach US$ 7,297.6 Million by 2027.
Thailand held a dominant position in the ASEAN organic cosmetics market in 2018, accounting for 29.3% share in terms of value, followed by Indonesia and Philippines, respectively.
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