PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534198
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534198
The Global Natural and Organic Cosmetics Market was valued at approximately USD 41.40 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.51% over the forecast period 2024-2032. Natural and organic cosmetics are products formulated from ingredients sourced from nature, avoiding synthetic chemicals and artificial additives. Natural cosmetics are derived from naturally occurring substances, such as plants, minerals, and essential oils, but may still contain some synthetic ingredients. Organic cosmetics go a step further, using ingredients grown without synthetic pesticides, herbicides, or genetically modified organisms (GMOs). Both types prioritize safety and environmental sustainability, often featuring eco-friendly packaging and ethical practices. The increasing levels of expenditure on health and hygiene products, alongside rising consumer awareness about the harmful chemicals present in conventional cosmetics, are key market drivers enhancing market growth.
The Natural and Organic Cosmetics market is experiencing robust growth due to the burgeoning e-commerce industry. The growing impact of social media and increasing internet penetration are attracting consumers to e-commerce platforms for purchasing personal care products. Moreover, the increasing prevalence of skin problems induced by synthetic elements in beauty products is anticipated to boost sales. Synthetic compounds like methylparaben, propylparaben, and butylparaben are known to cause allergic reactions, acne, blemishes, and other skin issues. Consequently, major players are launching organic products. For instance, in February 2021, Lady Green introduced a range of makeup products and organic face care items utilizing natural active ingredients such as aloe vera and neem, targeting acne-prone skin.
The key region in the Global Natural and Organic Cosmetics Market includes North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Geographically, the North American region dominated the market in 2023, driven by higher spending power, increased demand for luxury and premium products, and the growing number of beauty development stores. The US held the largest market share, while Canada was the fastest-growing market in North America. Europe accounted for the second-largest market share, driven by changing lifestyles, increasing disposable income, and growing health and environmental concerns. The Asia-Pacific region is expected to grow at the fastest CAGR from 2024 to 2032, driven by rising consumer awareness.