Coherent Market Insights

Herbal Beauty Products Market estimated at US$ 104.9 Bn in 2021

Herbal Beauty Products Market estimated at US$ 104.9 Bn in 2021 - Coherent Market Insights

Publish In: Jul 01, 2022

Global herbal beauty products market is estimated to be valued at US$ 104.9 Billion in 2021, according to the Global Herbal Beauty Products Market Report, 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), published by Coherent Market Insights.  

Global herbal beauty products market was valued at US$ 104.9 Billion in 2021. Herbal beauty products market is expected to register a CAGR of 4.7% over the forecast period (2022–2030) to reach US$ 158.8 Bn by 2030. Herbal beauty products are made of herbs and other botanical extracts. Herbal beauty products are increasingly gaining popularity over synthetic products due to lesser side effects. This is expected to drive growth of herbal beauty products market. However, availability of advanced beauty treatments is expected to hinder market growth.

To know the latest trends and insights prevalent in this market, click the link below:

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

Key Trends and Analysis of the Global Herbal Beauty Products Market:

  • Among product types, skin care segment accounted for highest market share in 2021. This is attributed to increasing awareness of use of herbal cosmetics to improve skin health such as slowing aging process. Furthermore, increasing demand for skin care and hair care products is expected to drive growth of the segment.
  • Online retail stores segment is the fastest growing distribution channel segment in 2021. This is, owing to increasing popularity of online retail stores, owing to benefits such as convenience and various discounts available. According to India Brand Equity Foundation (IBEF), the revenue generated from online retail in India was US$ 60 bn in 2020.

Key Takeaways of the Global Herbal Beauty Products Market:

  • According to coherent market insight analysis, Asia Pacific held the largest market share in terms of value in the global herbal beauty products market in 2021. Growth of market is driven by increasing cosmetic and personal care spending in the region. Furthermore, increasing inclination of consumers towards herbal and natural cosmetic products is another factor responsible for growth of this market. For instance, to cater to increasing demand for herbal products in India, various companies such as Himalaya Herbals, biotique, VLCC, Patanjali, and Kama Ayurveda, are launching herbal and ayurvedic products. Foreign beauty product brands are also focusing on developing organic and natural products.
  • Europe is expected to exhibit significant growth in the global herbal beauty products market over the forecast period. Increasing demand for plant-based ingredients in cosmetics and rising trend of natural cosmetics is fuelling growth of market.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global herbal beauty products market

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