About Herbal Cosmetic
Herbal cosmetics are primarily formulated, using different cosmetic ingredients to form the base so that one or more herbal ingredients are used to cure the various skin ailments. The name itself suggests that the herbal cosmetics are natural and free from all the harmful synthetic chemicals which otherwise may prove to be toxic for the skin. Compared to the other beauty products, natural cosmetics are very safe to use. The market of the herbal cosmetic is having numerous opportunities as the herbal products are considered as the low cost and effective replacement to the synthetic beauty products, but there are some competitors which are grabbing the herbal product market by the synthetic product which is a hindrance for the market
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.5% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that European and United States Vendors will contribute the maximum growth to Global Herbal Cosmetic market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L'Oral (United States), P&G (United States), Shiseido (Japan), Unilever (United Kingdom), Beiersdorf (Germany), Amway (United States), AVON Beauty Products (United Kingdom), Burberry (United Kingdom), Chanel (France) and Clarins (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Herbal Cosmetic market by Type (Hair care, Skincare and Fragrance), Application (Cleaning, Anti Disease and Other) and Region.
On the basis of geography, the market of Herbal Cosmetic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Herbal Cosmetic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Men will boost the Herbal Cosmetic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing global exposure to the health and the beauty trends and using herbal medicines in the skin care industry
Market Growth Drivers:
Chemical less property of the product, An increasing number of well-travelled consumers and Rising consumer inclination towards their enhanced appearance and looks across the globe
Challenges:
Lesser availability in some market and Low availability of the skilled labour
Restraints:
Increasing number of the other synthetic product competitors that are ready to grab the herbal company’s share
Opportunities:
Herbal products are considered as the low cost and effective replacement to the synthetic beauty products
Market Leaders and their expansionary development strategies
In March 2024, Natural beauty leader Nature's Embrace announces the acquisition of TerraBloom, a company known for its ethically sourced and upcycled ingredients. This merger strengthens Nature's Embrace's position in the sustainable beauty market and allows it to expand its product offerings.
In March 2023, L'Oreal launched a new botanical skincare line called "Green Goodies" featuring recycled packaging and ethically sourced plant-based ingredients.
Key Target Audience
Herbal Cosmetic Industry Investors, Herbal Cosmetic Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.