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Natural Cosmetics Market Size
- Report ID: GMI7626
- Published Date: Dec 2023
- Report Format: PDF
Natural Cosmetics Market Size
Natural Cosmetics Market size was valued at USD 37.9 billion in 2023 and is anticipated to register a CAGR of over 5.1% between 2024 and 2032. Natural Cosmetics are beauty and personal care products that are made from natural ingredients, typically derived from plants, minerals, and other naturally occurring substances. These products minimize the potential side effects and environmental concerns that appear due to use of synthetic chemicals, preservatives, and additives.
One significant driver is the rise in expenditure on health and hygiene products, as consumers increasingly prioritize wellness and seek products aligned with their health-conscious lifestyles. The surge in skin problems induced by synthetic elements in conventional beauty products and cosmetics has also fueled the demand for natural alternatives, with consumers recognizing the potential risks associated with synthetic ingredients. Additionally, the increase in disposable income among consumers has provided the financial means to choose premium natural cosmetic products. The rise in awareness about the benefits of chemical-free personal care products has played a pivotal role, encouraging consumers to go for formulations that utilize plant-based, organic, and naturally derived ingredients.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Natural Cosmetics Market Size in 2023: | USD 37.9 billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 58.8 billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 234 |
| Tables, Charts & Figures: | 279 |
| Segments covered: | Product type, Packaging Type, Price range, Consumer Group, Distribution channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One major setback is the lack of proper regulations governing natural ingredients, as FDA sets standards for the permissible use of preservatives in many natural cosmetics products. But many players find it challenging to find natural substances that can be used in industrial amounts as a substitute for synthetic preservatives. Another significant restraint is the limited shelf life of natural cosmetics when compared to traditional cosmetic products that often contain synthetic preservatives. Natural formulations, reliant on organic and plant-based components, can be more prone to spoilage and microbial contamination, impacting their durability and potentially limiting their mass-market appeal.
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Natural Cosmetics Market Scope
