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  • Published On : Aug 2022
  • Code : CMI3152
  • Industry : Consumer Goods
  • Pages : 134
  • Formats :

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.

Asean organic cosmetics market was valued at US$ 3,944.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.8% during the forecast period (2022 to 2030).

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 2020, 34% of beauty products launched in APAC nations carried a sustainable or organic claim.

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

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Asean Organic Cosmetics Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$  3,944.5 Mn
Historical Data for: 2017-2020 Estimated Year 2022
Forecast Period 2022 to 2030 CAGR: 7.8% Forecast Period: 2022-2030
Geographies covered :
  • Region: Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam
Segments covered:
  • By Product Type: Skin Care, Hair Care, Make up, Fragrances, Toiletries, Others
  • By Distribution Channel: Department Stores, Franchise Outlet, Beauty Specialist Salon, Direct Sales, Chemist/Pharmacies, Internet, Others
Companies covered:

Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group 

Growth Drivers:
  • Rising production of organic cosmetics, owing to wide availability of resources, coupled with increasing number of working women Development and usage of new active ingredient
Restraints & Challenges:
  • 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 

Market Trends

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 and 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 and ongoing urbanization, especially in countries such as Singapore, India, Malaysia, and Thailand, will further favor the market growth of organic cosmetics.

Figure 1. Global Asean Organic Cosmetics Market Value Share (%), By Product Type, 2021

ASEAN  Organic Cosmetics  | Coherent Market Insights

On the basis of product type, skin care organic cosmetic market was valued at US$ 879.5 Mn in 2021 possessing a market share of 24.5% in 2021 by value.

Figure 2. Global Asean Organic Cosmetics Market Value Share (%), By Distribution Channel, 2021

ASEAN  Organic Cosmetics  | Coherent Market Insights

Among product type, Franchise Outlet   segment held a major market share of 40% in 2021 and is expected to retain its dominance throughout the forecast period

Recent Developments

  • In January 2021, South Korea-based brand Innisfree announced the launch of a new anti-aging line, Black Tea Youth Enhancing, in Singapore
  • In August 2019, Dr. TWL Dermaceuticals, a Singapore-based dermatologist-let cosmeceutical research and engineering company announced the launch of Qraser Cosmeceutical Transdermal Delivery Patch
  • 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.

Competitive Section

Major players operating in the Asean organic cosmetics market include Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group.

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 (GMO). 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 2021, and contributed for 28.3% in the same year. The major applications of organic cosmetics in hair care include hair oils, shampoos, etc.

Among country, Thailand accounted for the largest revenue share in 2021 and contributed for the revenue share of 29.3% in 2021. 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 (2022 to 2030).

Key features of the study:

  • This report provides an in-depth analysis of Asean organic cosmetics market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 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 strategies adopted by key players
  • It profiles key 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 management authorities of companies to make informed decision regarding 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, Adult Incontinence Products manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Asean 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
    • Singapore
    • Malaysia
    • Indonesia
    • Philippines
    • Vietnam
  • Company Profiles
    •  Estée Lauder Inc.
      • Company Overview
      • Product Portfolio
      • 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

Frequently Asked Questions

Asean organic cosmetics market was valued at around US$ 3,944.5 Million in 2021.
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 rising trend of spending on personal care by the consumer is the key trend in the market.
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.
Major players operating in the market include Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group
The market is estimated to grow at around 7.8% CAGR in the forecast period (2022-2030).

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