Plant-based Skincare Products Market

Plant-based Skincare Products Market Outlook (2023 to 2033)

This latest study by Fact.MR places the global plant-based skincare products market at US$ 789.75 million in 2023 and projects it to secure a valuation of US$ 1.62 billion by the end of 2033. Worldwide demand for plant-based skincare products is estimated to exhibit an increase at a healthy 7.5% CAGR over the next ten years, thereby providing an absolute dollar growth of US$ 837.95 million.

Plant-based skincare products are those that are completely made from plant-derived materials and are free from any synthetic or animal-based materials. Surging awareness regarding the benefits associated with the use of plant-based products and evolving consumer preferences around the world are slated to be at the helm of plant-based skincare products market development in the future.

Growing awareness regarding the ill effects of chemical-based products such as skin irritation, allergies, and breakouts is also projected to favour sales of plant-based face products over the coming years. Expanding working women population, growing consumer spending capacity, high disposable income, and increasing availability of different types of plant-based personal care products are other prospects that benefit market growth through 2033.

Rising number of men opting to use personal care and skin care products is also anticipated to open up new frontiers of opportunity for plant-based skincare brands across the forecast period.

• In January 2022, Nivea, a personal care brand owned by Beiersdorf Global AG, announced the launch of its new plant-based hemp skincare range for men. The new Sensitive Pro range was designed for men with busy lifestyles to give them even soothed skin after a shave.

Many celebrities and famous personalities are foraying into the vegan skincare and plant-based personal care space to turn huge profits and capitalize on their popularity and face value.

• In February 2023, Kinder Beauty, a cruelty-free self-care brand founded by celebrities Evanna Lynch and Daniella Monet, announced the launch of their first vegan skincare product range comprising three facial serums.

Report Attributes	Details
Plant-based Skincare Products Market Size (2023)	US$ 789.75 Million
Projected Market Value (2033F)	US$ 1.62 Billion
Global Market Growth Rate (2023 to 2033)	7.5% CAGR
United Kingdom Market Value (2033)	US$ 192.06 Million
China Market Growth Rate (2023 to 2033)	7.7% CAGR
Historical Global Market Growth Rate (2023 to 2033)	3.1% CAGR
United States Market Value (2023)	US$ 140.58 Million
Organic Skincare Product Sales Growth (2023 to 2033)	7.2% CAGR
Key Companies Profiled	The Body Shop FOM London Skincare Estee Lauder Procter & Gamble Co. Clorox Co. L'Oréal S.A. Honest Co. Botanic Organic LLC Eminence Organic Skincare Unilever Mama Earth The Hain Celestial Group Bloomtown

Which New Plant-based Skincare Product Companies Have the Potential to Dominate the Market in the Future?

“Biossance, Arata, Five Dot Botanics – Companies to Watch Out in the Start-up Space”

Competition in plant-based skincare space is becoming fiercer by the day and the credit for this solely goes to the new companies that are popping up on the plant-based product map. Some new plant-based skincare product suppliers have already entered the marketplace and making waves in the industry, which could disrupt the smooth sailing vessels of established companies.

Let’s have a glance at these new moguls in the plant-based skincare landscape.

• Five Dot Botanics is a new vegan beauty product company founded in 2017 and based in the United Kingdom. The company manufactures products using natural botanicals from flowers, nuts, seeds, and plants. The organization also offers complete transparency for ingredients that are used in its products.
• Biossance, a clean skincare brand based in the United States and launched in 2016 is making headwinds in the plant-based industry by providing sustainable alternatives to animal products. The company produces squalane from sugarcane, which is an alternative to animal-based squalene, and builds all of its products around squalane.
• In 2017, a plant-based personal care brand called Arata was founded in India. The company has been making waves on a global level as it provides 100% plant-derived skincare and hair care products and also uses 100% consumer-recycled plastic for packaging which increases its sustainability points.

Established plant-based skincare product manufacturers need to watch out for such start-ups if they don’t want to lose their market share. Whereas, upcoming plant-powered skincare product vendors should try and mimic the strategies of successful companies to make a mark in the global competitive landscape.

An elaborative account of factors such as new developments, product standards, local supply, pricing trends, and safety regulations that govern the start-up landscape has been mentioned in this brand-new plant-based skincare products market survey by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

Why are Plant-based Skincare Product Companies Attracted to China and India?

“Rising Disposable Income and Evolving Consumer Preferences”

China and India are regarded as the most opportune markets in the APAC region owing to their massive population and continually evolving consumer preferences. Aesthetic awareness in these countries is rising rapidly as the influence of Western culture and the proliferation of social media increase, which could subsequently uplift the demand for plant-based products for skin in the future.

• Shipments of natural plant-based skin products in India are extrapolated to rise at a high 8.5% CAGR across the forecast period and secure a valuation of US$ 115.56 million by the end of 2033.

Supportive government initiatives to promote manufacturing activity, low costs of raw materials, availability of cheap labor, and increasing per capita disposable income are other noteworthy aspects that are attracting plant-based skincare product companies to India and China.

• In August 2022, OrgaGlo, a vegan cruelty-free personal care brand based in India, announced the launch of its products on different portals such as its own website and e-commerce giants Flipkart and Amazon as well.

Can the United States Industry Maintain its Hegemony in the North American Market?

“High Consumer Preference for Clean-label Products to Help United States Maintain its Supremacy”

More people in the United States have been opting for plant-based and vegan products as awareness regarding their benefits is increasing rapidly. The frequent launch of new clean-label personal care products and the presence of key plant-based skincare product brands in the country are also anticipated to contribute to the dominant share in the North American marketplace throughout the forecast period.

• Plant-based skincare product sales in the United States are extrapolated to amass a revenue of US$ 281.59 million by 2033-end.

Which Countries Hold Sway Over the European Market?

“Germany, France, the United Kingdom – Driving Plant-based Skincare Product Demand in Europe”

Europe is home to some of the most prominent personal care and skincare brands in the world, which provides a lucrative backdrop for plant-based skincare product companies who intend to set up shop here. A paradigm shift in consumer preferences toward plant-based products and the rise of veganism in many European countries are also predicted to uplift plant-based skincare product shipments over the coming years.

Germany, France, Italy, the United Kingdom, and other countries are estimated to be moneymaking markets in Europe throughout the forecast period. Moreover, the presence of key plant-based production facilities in Europe is also anticipated to benefit market growth in the future.

• Sales of plant-powered skincare products in the United Kingdom are estimated to increase at 6.5% CAGR over the next ten years and accumulate a revenue of US$ 192.06 million by 2033-end.

Category-wise Insights

Where are Majority of Plant-based Skincare Product Sales From?

“Online Retailers Account for Dominant Sales Volume”

Based on sales channel, the plant-based skincare products market is segmented into hypermarkets/supermarkets, departmental stores, convenience stores, mono-brand stores, specialist retailers, drug stores, online retailers, and direct selling.

Attractive offers, the convenience of home, and doorstep delivery are the three prime prospects of online shopping that get consumers hooked on these channels. Online retailers are estimated to account for more shipments of plant-based skincare products than any other sales channel by the end of the forecast period as e-commerce popularity peaks and internet proliferation increases around the world.

• Plant-based skincare product demand via online channels is estimated to rise at a high 7.9% CAGR over the next ten years.

Preference for Which Type of Plant-based Skincare Set to Rise?

“Organic Plant-based Skincare – Choice of Masses in Future”

Based on nature, the plant-based skincare products market is segmented into organic and conventional.

Organic plant-based skincare is set to account for a major market share by the end of the forecast period. This can be ascribed to surging awareness regarding chemical-free products, high availability of plant-based products, and growing faith in organic skincare products.

• Demand for organic plant-based skincare products is forecasted to rise at a healthy 7.2% CAGR from 2023 to 2033.

Competitive Landscape

Top-tier plant-based skincare product manufacturers are focusing on launching new product ranges that allow them to increase their revenue generation capacity and stay relevant in the competitive marketplace.

• In January 2022, Kosas Cosmetics, a leading clean skincare brand, announced the launch of its first skincare product launch. The new Plump + Juicy Vegan Collagen Spray-On Serum was launched and had vegan collagen and probiotic serum to give the skin a plump and soothing look.

Key Segments of Plant-based Skincare Products Industry Research

• By Product Type :

  • Creams & Lotions
  • Scrub Exfoliators
  • Cleansers & Toners
  • Essential Oils
  • Balms & Butter
  • Serums & Masks
  • Makeup Removers
  • Other Products

• By Customer Orientation :

  • Women
  • Men
  • Kids
  • Unisex

• By Nature :

  • Organic
  • Conventional

• By Sales Channel :

  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Convenience Stores
  • Mono-brand Stores
  • Specialist Retailers
  • Drug Stores
  • Online Retailers
  • Direct Selling

• By Packaging :

  • Pumps & Dispensers
  • Compact Cases
  • Jars
  • Pencils & Sticks
  • Tubes
  • Sachets
  • Others

• By End Use :

  • Personal
  • Commercial

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA