Market Size of Herbal Beauty Products Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 111.11 Billion |
Market Size (2029) | USD 155.11 Billion |
CAGR (2024 - 2029) | 6.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
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?
Herbal Beauty Products Market Analysis
The Herbal Beauty Products Market size is estimated at USD 111.11 billion in 2024, and is expected to reach USD 155.11 billion by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
- The inclination toward enhanced appearance and looks combined with increased adoption of herbal products among consumers are anticipated to benefit the expansion of the herbal beauty products market across the global market in the forecast period. There is an increasing demand for herbal beauty products, owing to the rising consumer awareness regarding the harmful effects of the chemical added to beauty products.
- Moreover, beauty companies have been acquiring herbal beauty and personal care brands to expand the consumer base who are progressively passionate about clean, green, and herbal products. The demand for herbal beauty products is anticipated to be driven by the rising usage of cosmetics containing organically derived herbal compounds like lavender, chamomile, rosemary, jojoba oil, Aloe Vera, etc., to treat skin, acne, and hair issues.
- Because herbs frequently have strong antibacterial and antioxidant effects and provide pigmentation inhibition, herbal extracts are primarily incorporated into beauty products. Additionally, herbal ingredients that protect skin from UV rays and pollution include vitamins, witch hazel, willow herb, green tea extract, and botanical extracts. All of these factors will increase the demand for herbal beauty products.