06.13.19
According to a report published by Grand View Research, the global natural cosmetics market is expected to reach a value of $48.04 billion by 2025, at a CAGR of 5.01% from 2019 to 2025. High demand for natural health and wellness products is attributed to Millennials, who have an increasing awareness of the harmful impact of synthetic chemicals. In addition, Grand View found increasing R&D expenditure is likely to propel the growth. The supermarket/hypermarket segment was estimated to be valued at $13.67 billion in 2018, followed by convenience stores. Online sales (anticipated to expand at a CAGR of 4.47%) of a wide range of natural cosmetics is expected to remain the key driver for the segment, especially when consumers are unable to find them in store.
Additional findings of the report:
—In terms of revenue, fragrance products are expected to register a CAGR of 5.03% from 2019 to 2025.
—Skincare held the leading market share of 30.22% in 2018 and is expected to register a steady growth over the forecast period.
—Europe led the natural cosmetics market in 2018 and is projected to continue leading over the next few years.
—Asia Pacific, due to increasing exposure and demand of natural beauty products, is expected to drive demand over the forecast period.
Additional findings of the report:
—In terms of revenue, fragrance products are expected to register a CAGR of 5.03% from 2019 to 2025.
—Skincare held the leading market share of 30.22% in 2018 and is expected to register a steady growth over the forecast period.
—Europe led the natural cosmetics market in 2018 and is projected to continue leading over the next few years.
—Asia Pacific, due to increasing exposure and demand of natural beauty products, is expected to drive demand over the forecast period.
