ASEAN Organic Cosmetics Market

Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment 2014 - 2024

  • 2014-12-31
  • REP-GB-AS-29
  • 19 Tables
  • 49 Figures
  • 190 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Asean Organic Cosmetics Market

This study offers a comprehensive, 360 degree analysis on the Asean Organic Cosmetics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Asean Organic Cosmetics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Parent Market Analysis 

Beauty and Personal care industry includes skin care, hair care, oral care, toiletries, and others. With increase concerns for enhanced appearance, the cosmetic products are witnessing an increased adoption among the consumers across the globe. Moreover, demand for specialized products such as anti-aging, tinted sunscreen, and anti-whitening by the consumers has led the manufacturers to develop such cosmetic products. Additionally, companies are focussed on widening distribution channel across the globe. This is further supported by the use of modern techniques such as online marketing and branding to create visibility of products among the increasing online users across the globe.

Organic Cosmetics Overview

Organic cosmetics products are retrieved from organically grown ingredients and processing it naturally without any addition of the chemical. The emerging concern with wellbeing, consciousness for greener products and awareness among the consumers about the availability of safer cosmetic products is expected to fuel the market growth for organic cosmetics in the near future.

Market Value Forecast

The ASEAN organic cosmetics market was valued at US$ 2,564.7 Mn in 2014 and expected to reach US $ 4,410.9 Mn by 2020, reflecting a CAGR of 9.5% during the forecast period. The ASEAN organic cosmetics market is expected to account for nearly 6.6% of the global organic cosmetics market by 2020. The ASEAN organic market witnesses a major contribution from hair care followed by skin care and makeup products.

Product Type Analysis

On the basis of product type, the sub-segmentation includes skin care, hair care, makeup, perfumes, toiletries and others which includes feminine hygiene, baby care and oral care. Among the above-mentioned sub-segments, organic skin care market in ASEAN was valued at US$ 1, 089.2Mnin 2014 and is expected to register a CAGR of 9.7% by 2020. Additionally, organic hair care is expected to be the largest market in terms of market share contribution, registering a CAGR of 9.3% by 2020.The demand for organic skin care cosmetic products is supported by increasing acne problems due to oily skin coupled with air pollution among ASEAN consumers.

Distribution Channel Analysis

On the basis of distribution channel type, the sub-segmentation includes department store, franchise outlet, beauty specialist store, direct selling, chemists or pharmacies store, online shopping and others. The franchise outlet is expected to show a double-digit growth and emerge as the most dominating distribution mode for organic cosmetic products, preferred by the consumers during the forecast period. Furthermore, department store is predicted to hold second position in terms of CAGR during the forecast period.

Regional Analysis

Geographically, the market is sub-segmented into six countries namely Thailand, Malaysia, Indonesia, Singapore, Philippines and Vietnam. Among all these countries Thailand and Indonesia, collectively accounted for 53.8% of the total organic cosmetics market in 2014.Thailand is expected to dominate the overall ASEAN Organic cosmetics market, accounting for 29.3% market share by 2020.However, Singapore is expected to register highest CAGR 9.8% followed by Malaysia. The growth in Singapore is supported by rise in disposable income and awareness among the consumers through various promotional techniques.

Key Trends

Changing consumer lifestyle and increasing disposable income in ASEAN countries is driving increasing acceptance for organic cosmetics products, not only among the high-income group, but also the middle - income group. Furthermore, rising consumer awareness for luxury products specifically for cosmetic products is contributing towards an increased demand for these products in ASEAN. Additionally, increasing consciousness among the male segment towards their outlook and appearance is expected to fuel the market growth in the near future.

Competitive Players Outlook

The ASEAN Organic cosmetics market is dominated by international players such as L'Oreal Group and Estee Lauder Inc. Apart from these, some of the key players profiled in this report include Weleda Inc., Groupe L’OCCITANE, W.S. Badger Company, Inc.

This Future Market Insights report examines the ‘ASEAN Organic Cosmetics’ market for the period 2014 - 2024. The primary objective of the report is to offer product advancements and consumer behaviour embedded systems that have given rise to a futuristic technology: the ASEAN Organic Cosmetics, which is significantly transforming global businesses and enterprises.

Organic cosmetics are derived from organically grown plants and herbs containing no chemical and pesticides. Organic cosmetics, is being perceived as an essential element of the beauty and personal care sector & plays a pivotal role in FMCG industry growth. Increasing demand for premium cosmetics supported by rising disposable income of consumers in emerging economies specifically in ASEAN is fuelling the growth of overall organic cosmetics market.

The ASEAN Organic Cosmetics market report starts with an overview of global organic cosmetics market contribution to beauty and personal care market. Further, ASEAN organic cosmetics market has been segmented on the basis of product type, distribution channel & countries. In the next section, FMI covers the ASEAN Organic Cosmetics market performance in terms of global organic cosmetics market value forecast, since this is detrimental to growth of the market. This section additionally includes FMI’s analyses of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the ASEAN Organic Cosmetics Market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the ASEAN Organic Cosmetics report to better equip and arm clients with crystal clear decision-making insights.

The primary focus of the following sectionis to analyse the ASEAN Organic Cosmetics market by adoption among ASEAN countries; the primary applications covered under the scope of the report are ASEAN Organic Cosmetics uptake among product type and ASEAN Organic Cosmetics uptake among distribution channel. Furthermore, the product type has been sub-segmented into Skin Care, Hair Care, Make Up, Fragrances, Toileteries, and Others. Owing to the varying needs and demands of the parents , manufacturers of baby toiletries are aiming at continously innovating thier existing products and eventually increasing the rate of new products luanched each year. 

As highlighted earlier, ASEAN Organic Cosmetics market has been also segmented on the basis of distribution channel which includes sub-segments such as Departmental Stores, Franchise Outlet, Beauty Specialist Salon, Direct Sales, Chemist/ Pharmacies, Internet, and Others. The next section of the report highlights ASEAN Organic Cosmetics adoption by countries. It provides a market outlook for 2014–2018 and sets the forecast. This study discusses the key trends contributing to growth of the ASEAN Organic Cosmetics market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each countries. Key regions assessed in this report include Thailand, Singapore, Malaysia, Indonesia, Phillipinesand Vietnam.

All the above sections, by product type, by distribution channel or by countries, evaluate the present scenario and the growth prospects of the ASEAN Organic Cosmetics market for the period 2014 - 2024. We have considered 2014 as the base year and provide data for the trailing 12 months. Mass merchandise, such as Target Brands, Inc. and Walmart Stores, Inc, are emphasizing on the supply of organic and natural cosmetics products. 

To calculate the ASEAN Organic Cosmetics market size, we have considered revenue generated from the demand side/ supply side sales. The forecast presented here assesses the total revenue by Value across the ASEAN Organic Cosmetics market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the ASEAN Organic Cosmetics market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the ASEAN Organic Cosmetics market.

As previously highlighted, the ASEAN Organic Cosmetics market is split into a number of sub segments. All the ASEAN Organic Cosmetics sub-segments in terms of product type and distribution channel are analysed in terms of Basis Point Share to understand individual segments’ relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the ASEAN Organic Cosmetics market.

Also, another key feature of this report is the analysis of all key ASEAN Organic cosmetics segments, sub-segments, countries adoption and verticals revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the ASEAN Organic Cosmetics market.

Furthermore, to understand key growth segments in terms of growth & adoption of ASEAN Organic Cosmetics in countries, Future Market Insights developed the ASEAN Organic Cosmetics Market Attractiveness Index. The resulting index should help providers identify real market opportunities.

In the final section of the report, ASEAN Organic Cosmetics Competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence of organic cosmetics product portfolio and key differentiators. Key categories of providers covered in the report are international players. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the ASEAN Organic Cosmetics value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the ASEAN Organic Cosmetics marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the ASEAN Organic Cosmetics market. Key competitors covered are Korres Group, Groupe L’Occitane, Weleda Inc.,L'Oreal Group and Estee Lauder Inc.

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