Published Date: 5-Nov-2020
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According to a new report Global Herbal Beauty Products Market, published by KBV research, The Global Herbal Beauty Products Market size is expected to reach $96 billion by 2026, rising at a market growth of 9.8% CAGR during the forecast period.
The skincare segment has the largest market revenue share in 2019 and is anticipated to maintain its dominance in the market over the forecast period. The growth is accredited to growing awareness among the people about the benefits of herbal beauty products like acne reduction, skin improvement, and removal of fine lines that are believed to slow down aging processes. On the other hand, the hair care segment is likely to foresee a good CAGR in the herbal beauty products market from the year 2020 to 2026. Herbal hair care products have been showing substantial growth mainly shampoos and conditioners, which are anticipated to boost the overall growth of the market.
The women segment has the largest revenue share in 2019. From the past years, increasing awareness among people especially women about personal care and hygiene is boosting the growth of the market. The men segment is anticipated to show a prominent CAGR from the year 2020 to 2026. The growth is accredited to increasing preference among men for herbal beauty products. Herbal products like conditioners containing plant-based ingredients that include virgin coconut and avocado oil are beneficial in rejuvenating, thin, damaged, and weak hair follicles.
North America has the largest revenue share in the year 2019 and is anticipated to continue its supremacy over the forecast period. Increasing demand for green label products and consumer’s willingness to pay premium prices for the natural organic-based product has been boosting the market in the region. The Asia Pacific is expected to show the fastest-growing market from the year 2020 to 2026. Market growth is likely to boost due to increased demand for green label skincare cosmetics among the people who are health conscious. Growing customer inclination for herbal and natural cosmetics also offers a huge opportunity for important players to supply to the market by introducing new herbal products.
Structural Insights: https://www.kbvresearch.com/herbal-beauty-products-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Weleda AG, Arbonne International, LLC (Yves Rocher), Vasa Cosmetics Pvt. Ltd., Shahnaz Ayurveda Pvt. Ltd., Grown Alchemist, Hemas Holdings PLC, The Himalaya Drug Company (Himalaya Global Holdings Ltd.), Estee Lauder Companies, Inc., Natura & Co., and Bio Veda Action Research Company (Biotique).
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