Clean Beauty Market Summary
As per Market Research Future Analysis, the Global Clean Beauty Market was valued at USD 6.32 billion in 2023 and is projected to reach USD 34.8 billion by 2032, growing at a CAGR of 14.62% from 2024 to 2032. The market growth is driven by the increasing sales of clean beauty products through various distribution channels and the rising participation of women in the workforce, which has led to higher consumption of clean beauty products. The skincare segment dominated the market in 2022, while millennials are the fastest-growing consumer group, showing a strong preference for clean and natural products. North America is expected to hold the largest market share during the forecast period, with significant contributions from the U.S. and Canada.
Key Market Trends & Highlights
Key trends influencing the Clean Beauty Market include:
- Market Size in 2023: USD 6.32 billion; projected to reach USD 34.8 billion by 2032.
- CAGR from 2024 to 2032: 14.62%; driven by increased sales through diverse distribution channels.
- Skincare segment held the majority share in 2022; millennials are the fastest-growing consumer group.
- North America expected to dominate the market; U.S. Clean Beauty market projected at USD 8.42 billion by 2032.
Market Size & Forecast
2023 Market Size | USD 6.32 billion |
2032 Market Size | USD 34.8 billion |
CAGR (2024-2032) | 14.62% |
Major Players
Key players include L'Oreal S.A, Estée Lauder, Inika Organic Australia, Avon, The Honest Company, Zuii Organic, RMS Beauty, Juice Beauty, Ere Perez.