Herbal beauty products market

Herbal Beauty Products Market, by Product Type ( Skin Care, Hair Care, Fragrance and Others ), by End User(Women, Men ), by Distribution Channel ( Supermarkets, Hypermarkets, Online Stores, Specialty Stores and Others ), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jul 2022
CMI1402
111 Pages
Excel & Pdf
Consumer Goods

Summary

The products, which possess the desirable physiological properties such as smoothing appearance, healing and conditioning properties are referred as herbal beauty products. Herbal beauty products are formulated using plant extracts, plant roots, and leaves and are free of chemicals. Demand for herbal beauty products is increasing due to its low or no side effects and this is expected to fuel growth of the herbal beauty products market. Furthermore, increasing expenditure of people on beauty and personal care products is also expected to boost growth of the market.

Global Herbal Beauty Products market was valued at US$ 104.9 Billion in 2021 in terms of revenue, exhibiting a CAGR of 4.7% during the forecast period (2022 to 2030).

Drivers

Growing disposable income and changing lifestyle of people across the globe is boosting demand for herbal beauty products. Increasing trend of using natural and organic cosmetics for anti-aging, hair care, and others, in Europe is driving growth of the herbal beauty market in this region. According to the Centre for the Promotion of Imports, Europe accounted for nearly 31% of global organic cosmetics market in 2021. Stringent regulations by government bodies on cosmetic ingredients is another factor fuelling market growth. For instance, according to European Union, cosmetic ingredients are regulated under The Cosmetic Regulation, 76/768/EEC, with an objective to provide safe cosmetic products for human use.

Among regions, Asia Pacific held highest market share in 2021 of global herbal beauty products market and is expected to keep its dominance over the forecast period. Increasing awareness related to herbal beauty products and growing inclination of population towards maintaining aesthetic are expected to be factors driving growth of the herbal beauty products market in this region. According to India Brand Equity Foundation (IBEF), a trust established by the Department of Commerce, Ministry of Commerce and Industry, India, the herbal cosmetic industry is expected to grow at a CAGR of 12% in India during the forecast period. Government of India established a board, Indian System of Medicine and Homeopathy, to encourage production of herbal beauty products in the country.

Figure 1. Global Herbal Beauty Products Market Value Share (%), By Region, 2021

Market Restraints

Lack of universal directives pertaining to applications of herbal beauty products is expected to restrain market growth during the forecast period. Every country has different directives pertaining to use and applications of herbal beauty products. Key players find it difficult to cope with such country wise regulations, which in turn is discouraging investment in the Herbal Beauty Products industry, thereby restraining market growth.

Herbal Beauty Products Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 104.9 Bn
Historical Data for:	2017-2021	Estimated Year:	2022
Forecast Period 2022 to 2030 CAGR:	4.7%	Forecast Period:	2022-2030
Geographies covered:	Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:	By Product Type: Skin Care, Hair Care, Fragrance, Others By End User: Women, Men By Distribution Channel: Supermarkets, Hypermarkets, Online Stores, Specialty Stores, Others
Companies covered:	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
Growth Drivers:	Growing disposable income and changing lifestyle of people across the globe is boosting demand for herbal beauty products Growing awareness about organic cosmetics is expected to boost demand for herbal beauty products
Restraints & Challenges:	Lack of universal directives pertaining to use and applications of herbal beauty products

Market Trends

Growing awareness about organic cosmetics is expected to boost demand for herbal beauty products. Growing demand for herbal beauty products is creating opportunities for herbal beauty products. Several herbal products such as conditioners with plant-based ingredients such as virgin coconut and avocado oil are organic cosmetic products, which are used to rejuvenate weak, thin, and damaged hair follicles.

Figure 2. Global Herbal Beauty Products Market Value Share (%), By End User, 2021

Among end user segment, the men segment held a dominant position in market in 2021 and is projected to retain its dominance throughout the forecast period. Growing awareness among women in developing & underdeveloped countries about personal hygiene is driving market.

Global Herbal Beauty Products Market - Impact of Coronavirus (COVID-19) Pandemic

Market was negatively impacted by the effect of COVID-19 pandemic. Major manufacturers such as Arbonne International, LLC, Bio Veda Action Research Co., Hemas Holdings PLC, Klienz Herbal Pvt. Ltd., Lotus Herbals Limited, and Marc Anthony Cosmetics in the herbal beauty products market have their manufacturing & supply chain bases across the globe. These players had halted production of herbal beauty products in first and second wave of COVID 19 due to lowered demand, lockdown measures, supply chain bottlenecks, and to protect the safety of their employees.

Recent Developments

In May 2021, Arbonne International LLC, a global leader in personal care, beauty, and wellness products, had successfully completed a significant milestone along with its digital transformation through the launch of its newly designed website and enhanced consultant and customer engagement tools. This new technology platform features mobile-first experiential design, aiming to simplify the shopping experience, data enablement, and demonstrates the brand's leadership in social commerce.
In April 2021, Shahnaz Ayurveda Pvt. Ltd had developed some new beauty products formulations. These formulations were based on herbs, flowers, fruit extracts, essential oils, and precious minerals and gems. Through these, new product launches Shahnaz Ayurveda Pvt. Ltd had enhanced their product portfolio.
In 2021, Shahnaz Ayurveda Pvt. Ltd suggested combining herbal inheritance with artificial intelligence and formulate customized beauty products for consumers. Through this, consumers will get recommendations to find a personal skin or hair profile and buy personalized herbal products online.

Competitive Section

Major players operating in the global herbal beauty products market include 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

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Herbal Beauty Products Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global herbal beauty products market size in 2021?

Global herbal beauty products market was valued at around US$ 104.9 Billion in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

Growing disposable income and changing lifestyle of people across the globe is boosting demand for herbal beauty products.

What are the trends in the market?

Growing awareness about organic cosmetics is expected to boost demand for herbal beauty products.

What are the key factors hampering growth of the market?

Lack of universal directives pertaining to use and applications of herbal beauty products is one of the major factors restraining growth of market.

Which are the key players in the market?

Major players operating in the market include 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

What is the estimated growth rate for the market?

The market is estimated to grow at around 4.7% CAGR in the forecast period (2022-2030).