Latest News:- Herbal Cosmetics Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Herbal Cosmetics Market to grow at a CAGR of 6.79% during 2024-2028

The Herbal Cosmetics Market is expected to grow at a CAGR of 6.79% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 36.6 billion. The global herbal cosmetics market is experiencing significant growth due in part to the convenience and expansive offerings of online distribution channels. Third-party marketplaces serve as valuable platforms for consumers to compare and evaluate various herbal cosmetics brands and products, providing valuable feedback and information. The proliferation of online shopping portals and the widespread use of smartphones have enabled vendors to effectively reach consumers through this distribution channel. Online sales channels, including pure-play e-retailers, company portals, and other online retailers, offer a broad range of herbal cosmetics options, contributing to the market's increasing popularity. 

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The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The herbal cosmetics market represents a significant growth opportunity for businesses, driven by the rising consumer awareness and preference for natural and organic products. This sector is witnessing robust expansion due to the increasing health concerns and the desire for chemical-free alternatives. Companies focusing on herbal ingredients, sustainable sourcing, and ethical production practices are poised to capture a larger market share. The market's future looks promising, with a projected CAGR of XX% over the next five years.

Here are the various ways based on which the market is segmented: 

• Distribution Channel
  • Offline
  • Online
• Product
  • Skin care
  • Hair care
  • Body care
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Herbal Cosmetics Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
• High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish consumer awareness about harmful effects of synthetic chemicals

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The herbal cosmetics market is experiencing a significant surge in demand as consumers become increasingly conscious of what they put on their skin. Specialty stores and online platforms are leading the retail channels for herbal formulations, offering a wide range of organic products free from synthetic chemicals. Social media platforms, celebrities, and influencers are driving the trend, promoting herbal beauty products and their benefits. Herbal compounds like chamomile flowers and lavender are popular choices for their calming and soothing properties. Ayurvedic practices, such as those based on skin tone, are gaining popularity. The ecommerce industry is also playing a crucial role in making herbal beauty products accessible to a larger audience. However, concerns over animal cruelty and environmental pollution are also influencing consumer choices. Beauty blogs and social media are key sources of information and reviews for consumers looking to make informed decisions. Herbal products offer solutions to various issues like hair problems, acne, and protection against UV rays and pollution. Beauty companies are responding by investing in research and development of new herbal formulations to meet the growing demand.

Market Research Overview

The global personal care products market encompasses the production and R&D sectors for various items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of these goods. Factors fueling growth in the personal care products industry include the positive correlation between disposable income and discretionary spending, which encompasses expenditures on luxury and lifestyle-related items.

The Herbal Cosmetics Market is experiencing significant growth, fueled by the consumer awareness about harmful effects of synthetic chemicals. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/