New York, New York--(Newsfile Corp. - April 15, 2021) - Increasing popularity of natural and organic ingredients in beauty products and increase in number of start-ups offering natural skincare products are factors driving natural skincare products market growth
Market Size - USD 11.44 Billion in 2020 Market Growth - 5.5% Market Trends - Rising demand for natural ingredients in skin care products
The global natural skin care products market size is expected to reach USD 17.40 Billion in 2028 and register a CAGR of 5.5% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is driven by key factors such increased consumer awareness about the benefits of natural ingredients in skin care products. Concerns for the environment and the negative effects of chemicals on the eco-system are also resulting in an increasing number of consumers shifting to skin care products containing more naturally sourced and organic ingredients. As skin care becomes a part of everyday routine due to increasing focus on personal grooming and health, demand among an increasing consumer base for natural and organic ingredients in products that are less likely to have negative effects on the skin in the long run has been increasing at a rapid pace.
Natural skin care products market has been gaining considerable traction in recent years, and the trend is expected to continue going ahead. This is made evident through a recent study that found that 75% of consumers would prefer to buy products that have lesser impact on the environment. 40% of consumers said they are willing to pay more for all natural products. It also found that despite a higher price tag, consumers are willing to pay premium price for products that positioned wellness in the forefront.
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The Internet and social media also play a significant role in driving growth of the natural skin care products market. Millennials who spend most time on social media have become consumers of personalized products mostly sold on social media. Various celebrities are endorsing or launching their own line of natural products with organically sourced ingredients, and social media influencers have created greater opportunity for natural skin care product start-ups.
Natural skin care products usually do not have any preservatives, and hence, tend to have a shelf life of around three months which is much shorter than products that contain preservatives. Upon nearing expiry date, natural skin care products are not deemed effective or safe for use. Natural skin care products usually cost more but are not always very effective. Such drawbacks can restrain market growth to some extent.
Some Key Highlights from the Report:
- The mass segment led among the type segments in terms of revenue in 2020. A large number of manufacturers offering natural skincare products, which can be used on a regular basis while keeping product affordability in mind is a primary factor boosting revenue growth of this segment.
- The facial care segment accounted for significantly large revenue share in the global revenue in 2020. Rising preference for complex facial care routines among both men and women has been a major factor contributing to growth of this segment.
- On the basis of end-use, the market is segmented into men, women, and children. The women segment led in the market with a major revenue share in 2020.
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- In 2020, hypermarkets and retail chain segment among the distribution channel segments accounted for significantly larger revenue share. hypermarkets and retail chains focus on providing natural and chemical-free categories to pique consumer interest and encourage them to choose from a range of products before buying.
- Europe dominated other regional markets in 2020. Consumers in countries such as the U.K., Italy, France, and Germany are more informed about skin care products they use, and prefer natural, herbal, and organic care for skincare routines due to various benefits.
- Asia Pacific is expected to register fastest revenue CAGR among other regional markets over the forecast period. Many Asian skin care routines have become extremely popular across the globe, and the trend of spa tourism is expected to continue to support growth of the market in the region going ahead.
List of Top Key Players of Natural Skin Care Products Market
- Procter & Gamble
- Estee Lauder
- Mama Earth
- Unilever
- Clorox Co.
- Honest Co.
- The Body Shop
- Loreal
- FOM London Skincare
- Bloomtown
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Segments Covered in the Report
For the purpose of this report, Reports and Data has segmented the global natural skin care product market report on the basis of type, product, end-use, distribution channel, and region:
Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Mass
- Premium
Product Outlook (Revenue, USD Billion, 2018 - 2028)
- Facial care
- Body care
End-use Outlook (Revenue, USD Billion, 2018 - 2028)
- Men
- Women
- Children
Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2028)
- Direct Selling
- Hypermarkets & Retail Chain
- E-commerce
- Specialty Stores
- Others
Regional Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Central & South America
- Brazil
- Rest of South America
- Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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