The Global Natural Skin Care Products Market- Growth, COVID-19 impact and Forecast (2020-2025)
Global Natural Skin Care Products Market is segmented based on Product type (Facial Care and Body Care), Type, End-user (Men, Women, and Child), Distribution Channel (Direct Selling, Hypermarkets, and Retail Chain, E-commerce, Specialty Stores and Others) and Region (APAC, North America, Europe, and ROW).
Introduction
Skin care is an essential part of personal care. It includes everything, from correction to prevention, in the process of make-up.
Skin care products include various synthetic and natural products, such as body lotions and face creams. Rising concerns regarding skin problems are also driving the skin care products industry.
Natural personal care products have been around for many decades; however, they have gained prominent momentum lately due to greater end-user awareness of product safety and growing concerns about the environment, as a result of the use of conventional cosmetic products.
Because of the outrageous COVID-19 pandemic, global cosmetics market has affected drastically. The consumer investment on organic cosmetics has gone down and a shift in consumer behavior is observed towards the products having low risks of contamination and having longer shelf life.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Awareness about the harmful effects of chemicals and synthetic products
10.2 Supportive government policies and regulations
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 L'Oréal
15.2 Procter and Gamble
15.3 Johnson & Johnson
15.4 Unilever
15.5 Royal Labs Natural Cosmetics
15.6 Himalaya
15.7 Korres
15.8 S.A. Natural Products
15.9 The Body Shop
15.10 FOM London Skincare
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global natural skin care products market was approximately valued at $10.32 billion in 2020 and is expected to reach $16.1 billion by 2025 at a CAGR of 8.5%.
With the advancements in technology and increase in the use of e-commerce sites the market is expected to grow at a higher pace in the five-year period.
Companies are tending to invest more on R&D with the point view that consumers interest towards health valued more than wealth
Key Trends
Asia-Pacific holds great potential in the personal care products market. The region is expected to see the fastest growth during the forecast period.
Consumers are becoming more concerned about avoiding parabens as an ingredient from their skincare products.
The higher cost of natural organic products or ingredients is no longer a restraint for the growth of the organic market, as people are willing to put health before wealth.
Key Market Players
Some of the prominent players in the market are L'Oréal, Procter and Gamble, Johnson & Johnson, Unilever, Royal Labs Natural Cosmetics Inc., Himalaya, Korres S.A. Natural Products.
The key players are dominating the market by adopting modern and innovative technologies to customize the product, enhance its properties, and differentiate the final product from its competitors.
Growth Drivers and Challenges
Awareness about the harmful effects of chemicals and synthetic products is an essential factor in augmenting the growth of this market.
Increased consciousness about beauty & wellness and quickly changing lifestyles are major growth drivers.
Perception towards natural skincare products has increased the demand for eco-friendly cosmetics which are of natural origin.
Supportive government policies and regulations supporting the manufacture of organic cosmetics over their chemical counterparts are further expected to propel market growth over the next few years.