Delvens published a new research publication on "Herbal Beauty Products Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Herbal Beauty Products Market was mainly driven by the increasing R&D spending across the world.
The global Herbal Beauty Products Market size is projected to reach a CAGR of 6.8% from 2023-2030.
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Herbal beauty products are beauty products made of natural herbal ingredients such as aloe vera, almond, avocado, carrot, castor, clay, cocoa, coconut oil, cornmeal, cucumber, and many more, avoiding chemical usage.
The growth of the market can be attributed to various factors such as the Increasing prevalence of autoimmune disorders and increasing product approvals by regulatory agencies. Furthermore, increasing funding from various government and non-government organizations is also an important factor responsible for the growth of the market.
Competitive Landscape of Herbal Beauty Products Market:
· 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
· Marc Anthony Cosmetics, Inc.
· Hemas Holdings PLC
Key Findings of Herbal Beauty Products Market:
· The product segment is further fragmented into Skincare, Hair care, Fragrance, and Others. The skincare segment accounted for the largest revenue share and is expected to maintain dominance over the forecast period. The growth is attributed to increasing awareness of the benefits of herbal beauty products on the body such as skin improvement, acne reduction, and removal of fine lines to slow down aging processes. Growing demand for skincare and hair care products is expected to drive segment growth.
· The end-user segment is further fragmented into Men and Women. The women segment accounted for the largest revenue share and is anticipated to maintain its dominance during the forecast period. Growing awareness among women about personal hygiene is driving the market.
· The distribution channel segment is further fragmented into Hypermarkets, Pharmacy & Drug stores, E-commerce, and Others. Hypermarkets are expected to emerge as the most lucrative source of sales with a revenue share. These stores offer trained representatives that work very creatively and are generally competent to provide the customer with a high quality of services that eventually impacts the scalability of the products positively.
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The growing demand for natural and organic beauty products due to various health benefits majorly for skin and hair include reducing inflammation, improving hydration, and boosting collagen production. At the same time, these herbal beauty products are made from natural ingredients and are free from harmful chemicals, making them a popular choice for health-conscious consumers, which promotes the need for these herbal products in the current market scenario. Further, the market is driven by growing demand for vegan and cruelty-free beauty products, expansion of distribution channels, and the growing popularity of Ayurveda and other traditional wellness practices in the next coming years.
Regional Analysis of Herbal Beauty Products Market:
· North America accounted for the largest revenue share and is anticipated to maintain its dominance during the forecast period.
· Growing demand for green label products and willingness of the consumers to pay premium prices for the natural ingredients-based product has been driving the market in the region.
Recent Developments
In November 2021, in association with the Delhi-based AIMIL Pharma, the Fragrance and Flavour Development Centre in Kannauj came up with beauty products in line with the Union government's push for the application of Ayurveda in food and beauty products. The product, Ayouthveda, has been prepared by adding time-tested herbs, which are also used in medicines.
In March 2021, Lotus Herbals entered the clean beauty category with Lotus Botanicals, which has a range of chemical-free skin and hair care products. The brand is also positioned in the D2C category to tap into India’s growing e-commerce industry.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for Herbal Beauty Products Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Frequently Asked Questions
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