Herbal Skincare Products Market Research Report Information by Type (Cleanser, Exfoliator, Toner, Sunscreen, Moisturizer, and Others), Form (Cream, Powder, Liquid, and Others), Category (Organic and Conventional), Distribution Channel (Store-Based and Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2032

Global Herbal Skincare Products Market Overview

Herbal Skincare Products Market size was valued at USD 81.02 Billion in 2023. The herbal skincare products market industry is projected to grow from USD 85.23 Billion in 2024 to USD 137.43 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.15% during the forecast period (2024 - 2032). The growing lifestyle changes and bad eating habits have a bad impact on the skin.

herbal skincare products market has a wide application and have been recognized for their ability to enhance the skin appearance when applied regularly. Mainly, these products are known to be alcohol-based and also include a series of other ingredients like chemical peels, cleansers, alongside other beneficial ingredients. But skincare products are specific and hence, can cause damage if used in any alternate sense or on any other skin type. The organized and the retail sectors are expanding their operations and hence, including a chain of skincare products belonging to various brands for the convenience of the target audience and also ensuring easy availability of the same. The herbal skincare products market is experiencing rapid growth, driven by the increasing consumer preference for natural and organic ingredients in the broader skincare market.

Covid 19 Analysis of Herbal Skincare Products Market

The novel coronavirus has been posing various kinds of health concerns for people worldwide since it came into existence. Because of this, people are taking many tips and tricks to improve their health and immunity to protect them from the disease and its fatal effects. Also, staying at home during the lockdown, people are treating this as a newfound opportunity to improve their skin quality and reduce the bad effects that have been caused by excessive sunlight exposure, pollution, lack of sunscreen usage, and irregular skincare practices amongst others.

Owing to these trends and the growing interest of people to opt for various skin care products, the government is investing in the development and availability of these products on a large scale. Also, the prominent players of the market have a major role to play in helping the market grow as per the predicted rate of growth and reach the estimated market valuation during the forecast period. They are catering to various skin concerns and are aiming to develop products under a budget to support mass product affordability.

Herbal Skincare Products Market Dynamics

Drivers

Owing to the rise of environmental issues like the rising carbon footprint, rising congestion, and pollution are increasing the harmful UV rays of this skin. This is likely to damage the skin of the target audience on a large scale that will act as a major growth driver for the market for the period.

Restraints

One of the major factors that are restraining the herbal skincare products market t to grow as per the predicted figures during the forecast period is the growth in counterfeit products by the private labels. The prominent players need to resolve this issue if they wish to help the market grow as per the prediction.

Technology Analysis

The technological advancements in the skincare industry along with dermatologists closely monitoring to develop products that suit a larger audience is what favors the most for the market growth during the ongoing forecast period. Also, the players are targeting the growing degree of health consciousness amongst the global audience. There is a trend of maintaining physical appearance and skincare which is pushing the customers to largely invest and attain these products belonging to high-end brands.

Market Segmentation

The herbal skincare products market has divided all across the globe based on type, category, form, distribution channel, and region.

Based on the Type

The market has been divided all across the globe based on the type into moisturizer, sunscreen, toner, exfoliator, cleanser, and many others.

Based on the Category

The herbal skincare products market has been divided all across the globe based on the category into a conventional category and organic category.

Based on the Form

The herbal skincare products market has been divided all across the globe based on the form into liquid form, powder form, cream form, and many others.

Based on the Distribution Channel

The herbal skincare products market has been divided all across the globe based on the distribution channel into non-store-based distribution channels and store-based distribution channels. The store-based distribution channels are further sub-divided into specialty stores, convenience stores, hypermarkets, and supermarkets.

Based on the Region

The market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.

Regional Analysis

The herbal skincare products market has been divided all across the globe baser on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the herbal skincare products market is held by the Asia-Pacific region as it has various highly populated countries like China and India. Also, the presence of other Asia-Pacific countries like New Zealand, Japan, and Australia drives the market demand towards this region. Moreover, the increasing personal disposable income also acts as a contributing factor. Asia-Pacific region is anticipated to grow at a higher CAGR of 39.17%.

The second-largest market share in the herbal skincare products market is held by the European region owing to increasing urbanization and modernization in this region. Also, the presence of countries like Spain, Italy, France, Germany, and the UK drives the market demand to this region.

The third-largest market share all across the globe is held by the North American region owing to the presence of countries like Mexico, the US, and Canada. Also, the presence of various major key players in this region drives the market demand in this region. Increasing concern among people regarding skincare creates more market demand.

The least market share is observed in the Latin American region and the Middle East and African region owing to low personal disposable income coupled with low infrastructure facilities restrict the market growth in these regions. Moreover, a lack of awareness regarding the availability of products also hampers the market growth.

Competitive Landscape

The most prominent major key players in the herbal skincare products market all across the globe are mentioned below:

• Eminence Organic Skin Care (Canada)


• Guangzhou Landier Biotechnology Co., Ltd (China)


• Khadi Natural Healthcare (India)


• Mario Badescu Skin Care, Inc. (US)


• S.W. Basics (US)


• Yves Rocher Amerique du Nord Inc. (US)


• Lotus Herbals Pvt. Ltd (India)


• Koco Life, LLC (US)


• The Himalaya Drug Company (India)


• Weleda AG (Switzerland)

These major key players use various strategies to sustain their market position in the herbal skincare products market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the herbal skincare products all across the globe.

Recent Developments

• Asia-Pacific region holds the largest market share and is expected to grow at a higher CAGR of 37.19% during the forecasted period.


• Increasing skincare concern among a major chunk of the North American population drives creates various growth opportunities in this region.


• Mario Badescu Skin Care, Inc. (US) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company by increasing the sales revenue.


• All the major market key players are highly investing in mergers and acquisitions, new product launches, joint ventures.

Report Outlook

This global herbal skincare products market research report consists of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This market research report contains factors that drive the growth of the herbal skincare products market in the global market along with the factors that restrict its growth in the global market. The technical analysis for the growth estimation during the forecasted period is mentioned. The impact of COVID 19 on the sales revenue of the herbal skincare products market all across the globe is mentioned. The future growth rate in the herbal skincare products market during the forecasted period is estimated and mentioned.

Intended Audience

• Traders, Exporters, and Importers


• Retailers, Distributors, and Wholesalers


• Raw Material Suppliers and Distributors


• Agriculture and Farming Institutions


• Commercial Research and Development Institutions


• Herbal Skincare Product Manufacturers