Global Natural Skin Care Product Market Size To Worth USD 15.9 Billion By 2033 | CAGR Of 7.28%
Category: Consumer GoodsGlobal Natural Skin Care Product Market Size To Worth USD 15.9 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Natural Skin Care Product Market size was valued at USD 7.8 Billion in 2023 and is Expected to reach USD 15.9 Billion By 2033, growing at a CAGR of 7.38% from 2023 to 2033
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Browse key industry insights spread across 240 pages with 108 Market data tables and figures & charts from the report on the "Global Natural Skin Care Product Market Size, Share, and COVID-19 Impact Analysis, By Type (Mass and Premium), By Product (Facial Care and Body Care), By End-use (Men, Women), By Distribution Channel (Direct Selling, Hypermarkets & Retail Chain, E-commerce, Pharmacy & Drugstores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/natural-skin-care-product-market
The global natural skin care product market is the industry that focuses on producing, promoting, and distributing skin care products made with natural components. These products are typically devoid of harsh preservatives, artificial fragrances, and synthetic components, and they place an emphasis on organic, plant-based, and eco-friendly compositions. The global market for natural skin care products is expanding significantly due to consumer desire for products that are chemical-free and environmentally friendly. By passing legislation and awarding certifications that promote sustainability and excellence, governments everywhere are contributing to the growth of this trend. The National Programme for Organic Production has created guidelines for organic certification in India, which cover natural skin care items (NPOP). Similarly, to ensure the legitimacy of natural and organic products, the European Union's Cosmetics Regulation (EC) No 1223/2009 enforces stringent safety and labeling regulations. USDA Organic certification ensures that natural skin care products in the United States adhere to stringent organic agriculture and processing regulations. These steps not only safeguard consumer interests but also encourage producers to employ sustainable practices. However, there are various problems that hinder the market for natural skin care products. High manufacturing costs are a significant factor since the cost of obtaining and processing organic and natural materials raises the price of products. These products sometimes have a short shelf life because they don't include artificial preservatives, which may turn off some consumers.
The mass segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the type, the global natural skin care product market is classified into mass and premium. Among these, the mass segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period. The availability of companies who make products using organic components that may be used often while keeping product costs in mind is one of the primary drivers driving this market's growth. One eco-friendly personal care firm that offers a range of reasonably priced skin, body, and hair care products is Himalaya. These brands and manufacturers continue to dominate the market for natural skin care products.
The facial care segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product, the global natural skin care product market is categorized into facial care and body care. Among these, the facial care segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth can be attributed to the increasing preference for complex facial care regimens among both men and women has been a major factor in the segment's recent expansion. Because facial treatments are so popular, established manufacturers have been urged to expand their product ranges by acquiring promising natural skin care companies.
The women segment dominates the market in 2023 and is projected to grow at a notable CAGR during the forecast period.
Based on the end - use, the global natural skin care product market is divided into men, women. Among these, the women segment dominates the market in 2023 and is projected to grow at a notable CAGR during the forecast period. The industry is expanding due in large part to consumers' growing preference for natural skin care products to avoid outbreaks and discomfort from synthetic cosmetics. Women are more self-conscious about their appearance than males, therefore they are more aware of their skin and the quality of the chemicals they use to treat it.
The hypermarkets & retail chain segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the distribution channel, the global natural skin care product market is categorized direct selling, hypermarkets & retail chain, e-commerce, harmacy & drugstores, and others. Among these, the hypermarkets & retail chain segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period. The growth can be attributed because eco-friendly and sustainable items are so well-liked, many retailers are focusing on updating their product lines in-store, which is why the rise has occurred. These businesses have been focusing on providing natural and chemical-free categories designed to attract customers and allow them to select from a variety of brands prior to making a purchase.
Europe is anticipated to hold the largest share of the global natural skin care product market over the projected timeframe.
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Europe is anticipated to hold the largest share of the global natural skin care product market over the predicted timeframe. The willingness to pay extra for superior products indicates that the consumers in this region are well aware of the benefits of natural and organic products. Established certification procedures and stringent restrictions ensure that products with the natural label meet high safety and ethical standards. Additionally, the market's need for sustainability is being driven by consumers' increasing knowledge of the environmental impact of the products they buy.
Asia Pacific region is expected to grow the fastest during the forecast period, The growth can be attributed increase is being driven by customer preferences shifting toward healthier and more environmentally friendly products as a result of growing urbanization and disposable incomes. Regional producers also benefit greatly from the region's abundant biodiversity, which makes a significant supply of natural components available. Cultural preferences are also a factor, as the growing popularity of organic skin care is consistent with traditional beauty practices and natural remedy uses.
Major key players in the natural skin care product market include, The Body Shop, L’Oréal, FOM London Skincare, Bloomtown, Procter & Gamble, The Estée Lauder Companies Inc., Mama Earth, Mama Earth, Unilever, The Clorox Company, Other.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global natural skin care product market based on the below-mentioned segments:
Global Natural Skin Care Product Market, By Type
- Mass
- Premium
Global Natural Skin Care Product Market, By Product
- Facial Care
- Body Care
Global Natural Skin Care Product Market, By End - Use
- Women
- Men
Global Natural Skin Care Product Market, By Distribution Channel
- Direct Selling
- Hypermarkets & Retail Chain
- E-commerce
- Pharmacy & Drugstores
- Others
Global Natural Skin Care Product Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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