Market Size of Asia Pacific Herbal Beauty Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Herbal Beauty Products Market Analysis
The Asia Pacific herbal beauty products market is projected to grow at a CAGR of 5.2% during the forecast period 2020-2025
- Consumer preference is shifting towards organic as well as herbal products, owing to increasing awareness regarding the adverse effects of chemicals on health as well as the environment. Consumers are inclined towards product formulated with botanical extracts such as essential oils, antioxidants, and natural coloring snd fragrance additives.
- The herbal beauty products market in the Asia Pacific is projected to expand at a considerable pace during the forecast period due to a rise in awareness regarding the advantages of herbal ingredients, rise in per capita income, and rapid urbanization. Countries such as India, Vietnam, Indonesia, the Philippines, and Malaysia are shifting from chemical-based cosmetic products to herbal skincare products.
- Additionally, players operating in the market are developing and launching new products to meet consumer demand, which is diversified based on geography and culture. For instance, in April 2019, a new product range of Herbal Essences was launched in India. The products offered are formulated with natural ingredients derived from strawberry, aloe vera, green tea, cucumber, and others.
- However, factors such as the limited supply of raw material used to prepare cosmetics and higher cost of herbal beauty products are likely to hamper the herbal beauty products market.
