Press release
Increasing demand for green labeled cosmetics products at affordable prices is expected to drive the Europe & Asia Pacific herbal beauty products market
Increasing demand for green labeled cosmetics products at affordable prices is expected to drive the Europe & Asia Pacific herbal beauty products marketIn terms of value, Europe & Asia Pacific herbal beauty products market is anticipated to witness a CAGR of 3.7% during the forecast period and is expected to reach at US$ 2,571.2 Mn by 2026 end. Increasing demand for green labeled cosmetics products at affordable price is expected to drive the market growth over the forecast period.
Availability of wide range of herbal cosmetics in retail outlets bodes well for the market
Increasing adoption of products with naturally-derived herbal ingredients for acne, skin and hair problems especially in Asia Pacific region is expected to further drive demand for herbal beauty products market in Europe and Asia Pacific over the forecast period.
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The supermarket distribution channel segment is projected to register a CAGR of 4.6% by 2026 end
Europe & Asia Pacific herbal beauty products market has been segmented by distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, beauty salons and online/direct selling. Among all the distribution channel segment supermarket segment is projected to account for highest share in terms of value registering a CAGR of 4.6% by 2026 end. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.
The skin care segment is estimated to represent highest value share of 45.7% in 2016 and remain dominant over the forecast period
On the basis of type, Europe & Asia Pacific herbal beauty products market has been segmented into hair care, skin care, fragrance and oral care. Among all these segments, skin care segment has been estimated to represent highest value share of 45.7% in 2016 and expected to remain dominant over the forecast period. Increasing consumer preference for herbal ingredients to avoid skin and acne problems is expected to support the market growth during the forecast period.
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China is expected to represent a relatively high value share over the forecast period
On the basis of region, the Europe & Asia Pacific herbal beauty products market is segmented into Europe and Asia Pacific (APAC). Among all these region Asia Pacific has been estimated to dominate the overall market in terms of value in 2015. In APAC region, market in China is expected to represent a relatively high value share over the forecast period.
Key players dominating the Europe & Asia Pacific herbal beauty products market
Key players in the Europe & Asia Pacific herbal beauty products market include Bio Veda Action Research Co., VLCC Personal Care Ltd., Surya Brasil, Dabur India Ltd., Himalaya Global Holdings Ltd., Lotus Herbals, Hemas Holdings Plc, Sheahnaz Herbals Inc., and Herballife International of America Inc.
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