Global natural and organic cosmetics market is predicted to grow at a 9.60% CAGR over the forecast period (2018-2023), as stated by the latest Market Research Future (MRFR) report. Natural cosmetics serve in beautifying and caring for the human body with the help of natural ingredients. They are made with natural raw materials that are friendly both to the skin as well as the environment. These ingredients are absorbed by the skin easily, keeping it healthy and smooth.
Various factors are propelling the natural and organic cosmetics market growth. These factors, as stated by the latest MRFR report, include growing focus on personal care, inclination towards a healthy lifestyle, social media influence, increasing disposable income, and improved standards of living. Additional factors pushing market growth include the growing number of working women and consumer awareness for preventing the chance of infection, and growing focus on hygiene.
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On the contrary, the brief shelf life of these products is likely to hamper the natural and organic cosmetics market growth over the forecast period.
The MRFR report provides a complete segmental analysis of the natural and organic cosmetics market report on the basis of type, consumer group, and distribution channel.
Based on type, the natural and organic cosmetics market is segmented into makeup cosmetics, oral care, hair care, skincare, and others. Of these, the skincare segment will have the largest share in the market over the forecast period. Rising purchasing power, changing lifestyles of consumers, and emphasis on skincare routine both by women and men are boosting the market growth of this segment.
Based on consumer group, the natural and organic cosmetics market is segmented into female and male. Of these, the female segment will dominate the market over the forecast period owing to growing sale of feminine products.
Based on distribution channel, the natural and organic cosmetics market is segmented into non-store based and store based. Of these, the store-based segment will lead the market over the forecast period owing to consumers preference for shopping in brick-and-mortar stores.
By region, the natural and organic cosmetics market report covers the latest trends and growth opportunities across North America, Europe, the Asia Pacific, and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is due to the enormous sales of organic and natural cosmetic products. This region is a lucrative market for manufacturers owing to awareness of consumers about the products and its respective benefits.
The natural and organic cosmetics market in Europe is predicted to have a healthy growth over the forecast period. This is owing to the presence of leading brands in the region, growing emphasis on beauty, variety of mass and premium products, and various shopping destinations in Paris and the UK that entice customers.
The global natural and organic cosmetics market in the APAC region is predicted to grow at a notable growth over the forecast period. Factors aiding growth in the region include rising health awareness, increasing per capita income of consumers, growing middle-income population group, and mass urbanization. China, India, New Zealand, Australia, and Japan are the key contributors in this region.
The global natural and organic cosmetics market in the Rest of the World is predicted to have a steady growth over the forecast period.
Leading players profiled in the natural and organic cosmetics market report include FANCL Corp, Aubrey Organics, Inc., LOreal SA, Escentuals, Inc, Bare, Nature’s Gate, Laboratoire Nuxe, Jurlique International Pty. Limited, The Clorox Co, The Estee Lauder Companies, Inc, and L’Occitance International SA, and others. Key players have incorporated different strategies to maintain and sustain their position in the market, such as acquisition, channel integration, product launch, and partnership.
September 2019: World’s popular consumer goods company, Unilever has launched its latest body-care product- Love, Beauty, and Planet that contains infused formulas with different natural ingredients such as tea tree oil, shea butter, argon oil, coconut water, ylang-ylang, and lavender.
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