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Herbal Beauty Products Market

Herbal beauty products market research report categorizes global market by product type , by end user , by distribution channel, and by geography. Report includes, global industry insights, trends, outlook, and opportunity Analysis, 2018-2025
Herbal Beauty Products Market - Global Industry
Insights till 2025
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 on beauty and
personal care products is also expected to boost growth of the market. According to
United States of America, Department of Commerce, the per capita spending on
cosmetics products in Japan was valued at US$ 223, US$ 171 in France, and US$
139 in the U.S. in 2014.
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Skin care segment is expected to account for the highest revenue share over the
forecast period, due to increasing consumer preference towards maintaining esthetic
appeal. Additionally, increasing skin related problems such as acne and eczema
owing to use of synthetic beauty products propels growth of the market. According to
Centers for Disease Control and Prevention (CDC), eczema and skin problems in
U.S. was 7.2% in 2012 and was increased up to 11.6% in 2014.
Asia Pacific is the dominant region in the global herbal beauty products market and
was valued at US$ 32.56 Bn in 2016. Increasing awareness related to herbal beauty
products and growing inclination of population towards maintaining aesthetic are
expected to be factors driving growth of the beauty 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 products in the country.
Europe is expected to show a significant growth in global herbal beauty products
market. The 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 35% of global organic cosmetics market in 2016. Also, stringent regulations
by government bodies on cosmetic ingredients is also another factor fueling the
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.
The herbal beauty products market was valued at US$ 91.99 billion in 2016 and is
expected to expand at a CAGR of 4.71% in terms of revenue, over the forecast
period (2017 – 2025).
North America market accounted for revenue share of 22.05% in the global herbal
beauty products market in 2016. Government regulatory bodies in the region have
implemented stringent regulation on restricting use of harmful chemicals in cosmetic
products. For instance, United States, Food and Drug Administration (FDA) under
regulation 21 Code of Federal Regulations (CFR) 701.3, 21, CFR 721 and others are
subjected to a strict approval of color additives in cosmetics.
Key market players are focusing on mergers & acquisitions and new product
launches, to cater to growing demand of consumers for herbal beauty products. For
instance, in August 2015, InnoVision Healthcare Ltd. launched a wide range of
beauty care products such as neem and aloe vera face wash, to cater to increasing
demand for herbal beauty products.
Major Players in Global Herbal Beauty Products Market:
Some of the key players operating in the global herbal beauty products market are
Weleda AG, Bio Veda Action Research Co., Arbonne International, LLC, Vasa
Global Cosmetics, Klienz Herbal Pvt. Ltd., The Himalaya Drug Company, Shahnaz
Ayurveda Pvt. Ltd, Lotus Herbals Limited, and Hemas Holdings PLC.
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