Global Herbal Beauty Products Market Size, Share, Growth Analysis, By Product(Skincare, haircare), By Distribution Channel(Online retail, specialty stores) - Industry Forecast 2024-2031

Global Herbal Beauty Products Market size was valued at USD 87.75 billion in 2022 and is poised to grow from USD 92.19 million in 2023 to USD 136.83 billion by 2031, growing at a CAGR of 5.06% during the forecast period (2024-2031).

The global herbal beauty products market features intense competition with key players focusing on innovation, product diversification, and expanding their market reach. Established brands such as L'Oréal, The Body Shop, and Himalaya Herbals dominate the market, leveraging their strong R&D capabilities and extensive distribution networks. Additionally, a surge in demand for natural and organic products has spurred the entry of numerous niche and local players, intensifying competition further. E-commerce platforms also play a pivotal role, enabling smaller brands to gain visibility. As consumer preferences shift towards sustainable and plant-based offerings, competition in the herbal beauty products market continues to evolve dynamically. 'The Himalaya Drug Company (India)', 'Patanjali Ayurved Limited (India)', 'Oriflame (Sweden)', 'Biotique (India)', 'Forest Essentials (India)', 'VLCC (India)', 'Weleda (Switzerland)', 'Amway (USA)', 'Arbonne International (USA)', 'Kiehl's (USA)', 'Aveda (USA)', 'Yves Rocher (France)', 'Natura & Co (Brazil)', 'Jurlique International (Australia)', 'Surya Brasil (Brazil)', 'Burt's Bees (USA)', 'Botani Australia (Australia)', 'Aubrey Organics (USA)', 'Dr. Hauschka (Germany)', 'Sahajan (Canada)'

There has been a rising trend in consumer awareness about the potential benefits of using natural and herbal ingredients in beauty products. Consumers are increasingly seeking products with fewer synthetic chemicals and more natural formulations, which has driven the demand for herbal beauty products.

Rise in Natural and Organic Beauty: Consumers were increasingly looking for natural and organic alternatives in their beauty products. This trend was driven by a growing awareness of the potential harmful effects of synthetic ingredients and a desire for more sustainable and environmentally friendly options. Herbal beauty products, which often emphasize the use of plant-based ingredients and avoid harsh chemicals, were benefiting from this trend.

North America has been witnessing a growing demand for herbal beauty products due to the increasing focus on clean and natural beauty trends. Consumers in North America are more conscious of the ingredients in their personal care products, which has led to a rise in the popularity of herbal and natural alternatives.