Asean Organic Cosmetics Market is estimated to be valued at US$ 3,944.5 Million in 2021, according to the Asean Organic Cosmetics Market report, 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), and by Countries (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam), published by Coherent Market Insights.
Asean Organic Cosmetics Market was valued at US$ 3,944.5 Million in 2021. Organic cosmetics market is expected to register a CAGR of 7.8% over the forecast period (2022–2030). Organic cosmetics are free of synthetic ingredients and are produced from the natural components of plants and flowers that do not have any side-effects. Organic cosmetic is manufactured to provide more benefits and reduce the risk of harsh skin, allergies, and irritations. All the natural ingredients used in organic cosmetics are certified organic by one of the best certifying institutions around the globe. Organic cosmetics are best for the environment as well as the health of humans as it is safe and does not have any side-effects.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/asean-organic-cosmetics-market-3152
Browse 50 market data tables* and 40 figures* on "Asean Organic Cosmetics Market” - Forecast to 2030.
Key Trends and Analysis of the Asean Organic Cosmetics Market:
Rising cross-border supply chain in ASEAN region, the total value of goods are mainly exported to North America, including Mexico, Canada, and the U.S. Moreover, ASEAN region has extended support for free trade contracts with countries such as Japan, South Korea, India, China, New Zealand, and Australia. This factor is projected to augment the market growth of organic cosmetics over the forecast period. Expanding distribution channels by the manufacturer in order to enhance their presence and the increasing visibility of their brand via various stores, online channels, beauty salons, and departmental stores are projected to foster the market growth of organic cosmetics. Growing demand for customized products due rising number of people suffering from various skin problems especially in Thailand and Malaysia is further expected to foster the market growth of organic cosmetics. For instance, L'Oreal is innovating customized products according to various types of skin.
Key Takeaways of the Asean Organic Cosmetics Market:
- Vietnam is expected to witness significant growth owing to increasing income and changing lifestyles. Skincare and hair care products are expected to witness high demand in the region over the forecast period. Growing skincare demand coupled with a shifting trend toward organic personal care products in Singapore is expected to favorably impact the ASEAN organic cosmetics market over the forecast period.
- On the basis of distribution channel, franchise outlet, beauty specialist store, direct selling, chemists or pharmacies store, online shopping and others. The franchise outlet is expected to show a double-digit growth and emerge as the most dominating distribution mode for organic cosmetic products, preferred by the consumers during the forecast period.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the Asean organic cosmetics market
