Press release
Global Herbal Beauty Products Market will multiply at an impressive CAGR by 2024 & Top Key Players Weleda, Himalaya Herbals, Nude, Suki, Amala, Ren Pure, Tata Harper, Grown Alchemist, Dr Hauschka and S.W. Basics.
The herbal beauty products market has been segmented by product type into hair care, skin care; by distribution channel into offline, online and by gender into men and women. The hair care and skin care are the largest growing segments in herbal beauty products market and are anticipated to drive the demand for herbal beauty products over the forecast period. Factors such as growing awareness towards herbal products and their benefits, appearance concerns and low cost are anticipated to drive the growth of herbal products market with noteworthy revenue by the end of 2024.
The Global Herbal Beauty Products Market is expected to flourish at a robust CAGR over the period 2017-2024 and is anticipated to reach the market valuation of USD 120 billion by the end of 2024. This can be attributed to rising healthcare awareness among the consumers. Further, swelling global exposure to health and beauty trends are some of the factors that are anticipated to propel the growth of herbal beauty products market in upcoming years.
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Globally, increasing demand for cosmetic and personal care beauty products is anticipated to drive the growth of Asia Pacific Market with largest revenue share over the forecast period. Further, Europe market of herbal beauty products is expected to expand with notable compound annual growth rate owing to rising demand for natural cosmetics. Increasing environmental concerns and demand for sun protection and skin care is anticipated to drive the growth of regions in North America and Europe.
Growing Demand for Enhanced Appearance
Inclination towards enhanced appearance and looks combined with increased adoption of herbal products among consumers are some of the factors that are expected to benefit the expansion of herbal beauty products market across the globe. Further, aloe-vera is anticipated to propel the demand for herbal products in the treatment of skin without skin irritation owing to its medical benefits as compared to artificial beauty products. However, increasing number of the competitors is likely to inhibit the growth of the herbal beauty products market in the near future.
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The report titled “Herbal Beauty Products Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the herbal beauty products market in terms of market segmentation by product type, distribution channel, by gender and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the herbal beauty products market which includes company profiling of Weleda, Himalaya Herbals, Nude, Suki, Amala, Ren Pure, Tata Harper, Grown Alchemist, Dr Hauschka and S.W. Basics. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the herbal beauty products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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