Herbal Beauty Products Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Herbal Beauty Products Market size is projected to reach a CAGR of 6.8% from 2023-2030.

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.

On the other hand, the high costs of immunology drugs, adverse effects associated with these drugs, and lack of awareness are the major factors that can hinder the growth of the global Herbal Beauty Products Market.

During the COVID-19 period, the demand for consumer goods was halted by limited supply, followed by suppressed production of non-essential products during the lockdown. The scenario brought a definite restraining impact on the beauty products market, which was greatly offset by increased consumers’ preference for at-home, self-care rituals, especially among millennials. The inclination toward enhanced appearance and looks combined with increased adoption of herbal products among consumers are some of the factors that are anticipated to benefit the expansion of the herbal beauty products market across the global market in the forecast period.

Delvens Industry Expert's Standpoint

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.

Market Portfolio

Key Findings

• 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.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. 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.

Regional Analysis

North America to Dominate the 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.

Competitive Landscape

• 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

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.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
   
• Gain authentic and granular data access for Herbal Beauty Products Market so as to understand the trends and the factors involved in changing market situations
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope