The Global Herbal Beauty Products Market Report provides a complete analysis of the market. The Report focuses on manufacturers, suppliers, segmentation according to the application, major players, customers, opportunities, future roadmap, and furthermore. The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc. Marketing strategies, policies, industry chain that are changing the wave of the market are also catered in the report.
The global herbal beauty products market is projected to grow at the rate of 6.5% during the forecast period 2019 to 2023.
Top Companies in the Global Herbal Beauty Products Market: Arbonne International LLC, Aveda Corporation, Dr. Hauschka, Grown Alchemist, Herbline, Himalaya Herbals, Natura & Co, Renpure, S.W. Basics, Tata Natural Alchemy, LLC, VLCC Healthcare Ltd and Weleda AG, and others.
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Herbal Beauty Products Market Insight
The global herbal beauty products market is projected to grow at the rate of 6.5% during the forecast period 2019 to 2023. The cosmetics industry is highly competitive in nature and requires continuous innovation and development, especially in case of the ingredients used in beauty products. Key players in herbal beauty products manufacturing are primarily focused towards vindicating the adverse effects of synthetic beauty products. There is an increasing demand of herbal beauty products owing to the rising consumer awareness regarding harmful effects of the chemical added to the beauty products. Beauty companies have been acquiring herbal beauty and personal care brands to expand consumer base who are progressively passionate about clean, green, and herbal products. Ingredient players are also now acquiring their equivalents with strong natural ingredient businesses. For example, in May 2018, IFF (International Flavors & Fragrances) acquires clean-label beauty and fragrance ingredient maker Frutarom.
Popularity of Cruelty Free Beauty Products to Drive the Herbal Beauty Products Market Growth
Growing preference for chemical free products, along with rising popularity of environment sustainable products, is driving the demand for herbal beauty products across the globe. Growing demand for chemical-free hair and skin products along with growing awareness about cruelty free cosmetics products is supporting the market growth from last few years. Additionally, naturally-derived products help to reduce dependence on petroleum based beauty products. Significant rise in influence of social media and beauty blogs that are communicating the benefits of herbal beauty products is likely to influence sales of herbal beauty products. Moreover, herbal beauty products are suitable for all type of skin which is influencing the sales of herbal beauty products such as foundation, eye shadow, and lipstick which are appropriate irrespective of skin tone. Availability of various type of herbal beauty products and improving distribution network are playing key role to drive the market growth in upcoming year.
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Skin Care Herbal Beauty Products to Witness Fastest Growth during the Forecast Period
Key players across the globe are focusing more on innovation in cosmetics products which contain plant based ingredients rather than animal based ingredients which is likely to support the growth of the market. Growing awareness about beneficial properties and characteristics of herbal beauty products such as soothing skin and healing aliments is attracting consumers to buy more herbal beauty products. However, the demand for organic personal care products is likely to support herbal beauty products market growth in the upcoming years.
Asia-Pacific Region to Witness Fastest Growth Rate for Herbal Beauty Products Market during the Forecast Period
In North America, the consumer inclination towards healthier lifestyles and the growing demand for products which have a low impact on the environment are driving the market growth. Additionally, growing acceptance of vegan lifestyles among millennial is likely to contribute the growth of the market. In Asia-Pacific region, to meet consumer expectations, key players are focusing on environmental dimension of their strategies, by creating sustainable partnerships with local vendors or providing information to their consumers about origin and quality of their raw materials. This approach is not only for the procurement practices, but also for the packaging which will change the market dynamics of herbal beauty products market in the upcoming years. Availability of raw material and huge consumer base is influencing the market growth in Asia-Pacific region. For instance, among Southeast Asian countries, Thailand leads as an original equipment manufacturer (OEM) for international cosmetic brands. Thailand OEM cosmetic manufacturers can produce premium quality product including herbal beauty products which is driving the growth of the herbal beauty products market in the region.
Key Developments in the Herbal Beauty Products Market
April 2018 – Rausch Herbal Beauty Productsenters TR with Dufry at Zurich. Rausch has a range which includes specialist hair and body care products, available as collection sets, travel retail assortments and body care gift boxes.
June 2018 – Weleda AG Receives First-ever UEBT Certification and Label for Sourcing with Respect. Weleda is one of two leading brands worldwide to be the first to obtain the new UEBT (Union for Ethical Biotrade) certification for sourcing with respect. UEBT is a non-profit organization that provides a globally recognized standard for sustainable sourcing and the use of raw materials.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global Herbal Beauty Products Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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