During the forecast period, the Europe & Asia Pacific herbal beauty products market is expected to register a CAGR of 3.7% due to various factors, as detailed insights are offered by FMI. By 2026, the Europe & Asia Pacific herbal beauty products market is projected to surpass USD 3197.49 Million.
The demand for clean label beauty care products is rapidly increasing among consumers due to growing awareness of herbal and natural ingredients. Consumers are shifting towards greener products as synthetic cosmetic products often contain harmful chemicals with known negative consequences. Moreover, consumers are becoming more cognizant of the benefits offered by herbal products, thanks to promotional activities on social media and other advertising platforms.
Herbal skin care products are known to enhance the texture, tone, and overall appearance of the skin by providing essential nutrients. The development of new products in the herbal and natural personal care products market is driven by the rising consumer demand for environmentally friendly grooming items. Manufacturers are continually introducing herbal personal care products with therapeutic properties and long-term benefits to cater to the evolving needs of consumers, thus expanding their customer base.
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Segmentation analysis
- On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.
- Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.
- As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
- Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.
- Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.
Regional analysis
This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.
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Vendor insights
This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are
- Bio Veda Action Research Co.,
- VLCC Personal Care Ltd.
- Surya Brasil
- Dabur India Ltd.
- Himalaya Global Holdings Ltd.
- Lotus Herbals
- Hemas Holdings Plc
- Sheahnaz Herbals Inc.
- Herballife International of America Inc.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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