In terms of value, the Europe & Asia Pacific herbal beauty products market is anticipated to witness a CAGR of 3.7% during the forecast period. It is expected to reach USD 2,571.2 million by 2026.
The increasing demand for green-labeled cosmetic products at an affordable price is expected to drive market growth over the forecast period. The Europe and Asia Pacific herbal beauty products market is currently witnessing major trends, including a shifting consumer preference towards multipurpose, long-lasting herbal cosmetics products, specialised products, and others.
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The increasing adoption of products with naturally derived herbal ingredients for addressing acne, skin, and hair problems, particularly in the Asia Pacific region, is expected to further drive demand for the herbal beauty products market in Europe and the Asia Pacific over the forecast period.
Additionally, the availability of a wide range of herbal cosmetics in retail outlets, combined with the regular introduction of new and innovative herbal beauty products by manufacturers, is expected to drive market growth during the forecast period.
The Europe and Asia Pacific herbal beauty products market has been segmented by distribution channel, which includes supermarkets, specialty stores, department stores, drugstores, beauty salons, and online/direct selling.
Among all distribution channel segments, the supermarket segment is projected to account for the largest share in terms of value, registering a compound annual growth rate (CAGR) of 4.6% by 2026. The specialty stores segment has been estimated to occupy the second largest share, accounting for 21.1% value share in 2015.
On the basis of type, the Europe & Asia Pacific herbal beauty products market has been segmented into hair care, skin care, fragrance and oral care. Among all these segments, the skin care segment is estimated to have represented the highest value share of 45.7% in 2016 and is expected to remain dominant over the forecast period. The increasing consumer preference for herbal ingredients to prevent skin and acne problems is expected to support market growth during the forecast period.
The skin care segment is further sub-segmented into cleanser and toner, cream and lotion, face wash and scrub, and others. Among all these, the sub-segment cream and lotion is expected to account for the major value share over the forecast period. The hair care segment is expected to hold the second-largest position in terms of revenue contribution. The hair care segment is further sub-segmented as hair oil, powder, shampoo, conditioner and others.
The oral care segment is expected to represent substantial growth over the forecast period. The segment is projected to exhibit a CAGR of 3.1% in terms of value growth by 2026.
On the basis of region, the Europe & Asia Pacific herbal beauty products market is segmented into Europe and Asia Pacific (APAC). Among all these regions, Asia Pacific has been estimated to dominate the overall market in terms of value in 2015. In the APAC region, the market in China is expected to represent a relatively high value share over the forecast period.
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.
The Europe & Asia Pacific herbal beauty products market is predicted to grow at 3.7% CAGR through 2026.
Asia Pacific herbal beauty products market holds the highest revenue potential.
The Europe & Asia Pacific herbal beauty products market is expected to surpass USD 3197.49 Million by 2026
The Europe & Asia Pacific herbal beauty products market size is anticipated to be over USD 2223.42 Million in 2026
Europe & Asia Pacific Herbal Beauty Products Market
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