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Plant-based Skincare Products Market

Plant-based Skincare Products Market

Plant-based Skincare Products Market to Witness Rising Demand for Organic Plant-based Skincare Products during 2021-2031

Plant-based Skincare Products Market
FACT7059MR
  • Oct-2021
  • List of Tables : 112
  • List of Figures : 168
  • 170 Pages
  • Consumer Goods

Market Snapshot

Demand for plant-based skincare products is expected to reach a value of US$ 683.4 Mn in 2021. As per Fact.MR, overall plant-based skincare products market value is expected to increase more than 2X by 2031, rising at a CAGR of 7.5% over the said period. Even though online sales of plant-based skincare products account for just over 11%, this segment is slated to surge at around 10% CAGR through 2031.

Base Year Value (2020A) US$ 640 Mn
Projected Year Value (2031F) US$ 1.4 Bn
Value CAGR (2021-2031) 7.5%
Collective Value Share (U.S., U.K., Germany): Top 3 Countries 54.7%

Why are Plant-based Skincare Products Gaining Traction?

Demand for plant-based skincare products is expected to show an escalation over the assessment period. This is attributed to rise in awareness about chemical-free products and the latest beauty trend of using natural and vegan skincare products.

Nowadays, women are concerned about their appearance and desire glowing and healthy skin. Working women are giving preference to plant-based skincare products to prevent allergies, breakouts, and skin irritation caused by chemicalized skincare products. This is expected to contribute to growth in demand for natural skincare products and promote the use of chemical-free beauty products across the globe.

Alongside, rising awareness among men related to skin nourishment and personal grooming is expected to contribute to demand for plant-based skincare products, which is anticipated to result in higher market growth through 2031.

Is High Competition among Manufacturers Restricting New Entrants in the Market?

Plant-based skincare products help in restoring glow and shine of the skin. Different types of plant-based skincare creams and lotions and other hair and facial masks provide nutrition to the skin without any harmful effects. This is the main reason that convinces manufacturers to switch to natural and safe ingredients for making skincare products.

Key market participants are concentrating on product development and innovation efforts to produce new and distinctive plant-based skincare products.

Some of these are mentioned below:

  • Armani Beauty launched a new line in 2019, which included environmentally responsible men’s daily grooming products such as toners, face wash, and moisturizers manufactured with biodegradable and natural formulations, ensuring that 99% of ingredients are obtained from nature.
  • Allure came up with the Nature in a Jar Collection, which consists of two body care products - a shower oil 'The Nourishing In-Shower Oil', which is vegan and gluten-free, and a body lotion 'Cream-to-Water Body Lotion with Cactus Fruit Extract'.
  • Burt Bees, an eco-friendly and natural personal care brand of Clorox Co., introduced a line of natural cosmetics such as body lotions, face wash, cleansers, shower gels, body oils, and body scrubs made from natural ingredients.

Plant based skincare products market analysis by region and product typefrom Fact.MR

Country-wise Insights

Why is Europe an Important Market for Plant-based Skincare Products?

Europe’s value share contribution to overall market revenue is dominant on a global level. This is attributed to strong production footprint of all key market participants in the overall value chain process in the region.

Europe holds the second-largest market share of 25.8% in the global market in 2021, which is expected to show robust market growth till 2031 at a CAGR of 6.8%.

Will Sales of Plant-based Skincare Products Increase across the U.S.?

The United States is one of the major players contributing to sales of plant-based skincare products in the North American plant-based skincare products market. Consumers are increasingly choosing products that are helpful in restoring the glow and shine of their skin.

Demand for plant-based skincare products is estimated to be valued at US$ 293.5 Mn in 2021 in the U.S. Alongside, the U.S. holds the largest market share of 91.9% in the North American market, and is anticipated to progress rapidly at a CAGR of 5.4% through 2031.

What Allows China to Lead the East Asia Market for Plant-based Skincare Products?

In East Asia, manufacturers of plant-based skincare products in China have led to an increase in its value share contribution and have made it a leading player amongst all other countries in the region. This is attributed to rising adoption of organic and natural beauty care products and need to keep up with daily grooming trends in the market.

China holds the largest market share of 41.6% in the regional market in 2021, and is expected to experience high growth at a CAGR of 7.7% over the assessment period. The market is South Korea is expected to witness lucrative growth at a CAGR of 12.3%.

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Category-wise Insights

How Much Revenue is Generated through Sales of Organic Skincare Products?

Sale of organic skincare products account for 14.5% market share in 2021, and are projected to increase at a CAGR of 9.7% over the next ten years. Sales of conventional skincare products are expected to gain a market share of 82.4% by 2031-end, and expected to surge at a faster CAGR of 7.1%.

How are Online Sales of Plant-based Skincare Products Impacting the Overall Market?

According to Fact.MR, online sales account for 11.6% market share and are projected to increase at a CAGR of 9.9% over the forecasted period. Growing role of e-Commerce in emerging countries such as India, Brazil, Russia, and China is catering to high growth of online sales of plant-based skincare products.

Competitive Landscape

Consumers have become more beauty conscious and have increased their spending on skincare products. They are gradually adopting natural beauty care products due to changes in lifestyle and growing emphasis on external beauty, ensuring prevention from allergies and other skin problems.

Consumers are seeking organic products that can be applied on the face and remain all day long, and yet have no side effects on the skin or body. This has convinced manufacturers to provide large varieties of plant-based products that address the need and requirements of customers and offer products that enhance customer loyalty.

For instance-

  • Procter & Gamble Co. acquired a New Zealand-based Skincare Company called Snowberry in 2018. The company is known for offering skincare products such as cleansers, exfoliators, moisturizers, toners, and brighteners, focusing on anti-aging and helping in exfoliating skin, and are purely made from natural ingredients
  • L'Oréal entered a partnership with Clue, is a period tracking app. This Reason behind this was to help consumers understand the relationship between the menstrual cycle and skin health.

An Adaptive Approach to Modern-day Research Needs

Plant-based Skincare Products Industry Report Scope

Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • U.K
  • Nordic
  • Spain
  • Japan
  • South Korea
  • New Zealand
  • China
  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
Key Market Segments Covered
  • Product Type
  • Customer Orientation
  • Nature
  • Sales Channel
  • Packaging Type
  • End User
  • Region
Key Companies Profiled
  • The Body Shop
  • L'Oréal S.A.
  • Bloomtown
  • FOM London Skincare
  • Unilever
  • Mama Earth
  • Estee Lauder
  • Procter & Gamble Co.
  • Clorox Co.
  • Honest Co.
  • Botanic Organic, LLC
  • Eminence Organic Skincare
  • The Hain Celestial Group
Pricing Available upon Request

Key Segments of Plant-based Skincare Products Industry Research

  • Product Type

    • Creams and Lotions
    • Scrub Exfoliators
    • Cleansers and Toners
    • Essential Oil
    • Balms and Butter
    • Serums and Masks
    • Makeup Removers
    • Other Products
  • Customer Orientation

    • Women
    • Unisex
    • Men
    • Kids
  • Nature

    • Organic Plant-based Skincare Products
    • Conventional Plant-based Skincare Products
  • Sales Channel

    • Hypermarkets/Supermarkets
    • Departmental Stores
    • Convenience Stores
    • Mono Brand Stores
    • Specialist Retailers
    • Drug Stores
    • Online Retailers
    • Direct Selling
  • Packaging Type

    • Pumps and Dispensers
    • Compact Cases
    • Jars
    • Pencils and Sticks
    • Tubes
    • Sachets
    • Others
  • End User

    • Plant-based Skincare Products for Residential Use
    • Plant-based Skincare Products for Commercial Use

Plant-based Skincare Products Market: Report Scope

A recent market study published by Fact.MR on the demand for plant-based skincare products offers global industry analysis for 2016-2020 and opportunity assessment for 2021-2031. The study offers comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters, the growth prospects of the market are obtained with maximum precision.

Report Chapters

Executive Summary

The executive summary of the demand for plant-based skincare products includes the market country analysis, technology roadmap analysis, demand-side and supply-side trends, opportunity assessment, and recommendations on the global demand for plant-based skincare products.

Chapter 01 – Market Overview

Readers can find the detailed segmentation and definition of the plant-based skincare products market in this chapter, which will help them understand basic information about the demand for plant-based skincare products. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the global plant-based skincare products market report.

Chapter 02 – Market Risks and Trends Assessment       

In this chapter, readers can find a detailed analysis of recent trends which elevate the demand for plant-based skincare products in the market. Also, this chapter includes the effectiveness of the trend and the potential market risks (optimistic, likely and pessimistic scenarios) in the forecast period.

Chapter 03 – Market Background

The associated industry assessment of the demand for plant-based skincare products is carried out in this section. The macroeconomic factors affecting the growth of the demand for plant-based skincare products are provided in this section and the impact of these macroeconomic indicators is analyzed. This section also included policy developments and regulatory scenarios, global forecast factor-relevance and impact and value chain analysis. Here, readers can also find the market dynamics like drivers, restraints and the opportunities of the demand plant-based skincare products across the globe.

Chapter 04 – Key Success Factors

The chapter is associated with strategic promotional activity, details of the products that are categorically launched for the key consumer clusters, establishing flexible supply chains to promote the miracle product, the product promotion strategies by renowned celebrities, and marketing strategies used by key manufacturers.

Chapter 05 – Global Market Demand (Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with Y-o-Y trend analysis.

Chapter 06 – Global Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and region, along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints across the globe.

Chapter 07 – North America Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (the US and Canada), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 08 – Latin America Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (Brazil, Mexico and Rest of LA), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 09 – Europe Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (Germany, Italy, France, U.K., Spain, Russia, Benelux and the Rest of Europe), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 10 – South Asia Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (India, Thailand, Indonesia, Malaysia and the Rest of South Asia), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 11 – East Asia Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (China, Japan and South Korea), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 12 - Oceania Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (Australia and New Zealand), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 13 – MEA Market Analysis 2016-2020 and Forecast, 2021-2031

This chapter includes a detailed analysis of the historical demand for the Plant-based skincare products market (2016-2020) by market taxonomy product type, customer orientation, nature, sales channel, packaging type, end-user and countries (GCC Countries, North Africa, South Africa and the Rest of MEA), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis, market trends, key participants and market drivers and restraints.

Chapter 14 - Key Country Analysis

This chapter includes a detailed analysis of the historical demand for the plant-based skincare products market (2016-2020) by market taxonomy including product type, customer orientation, nature, sales channel, packaging type, end-user and countries (US, Canada, Mexico, Brazil, Germany, Italy, France, U.K., Spain, Russia, China, Japan, South Korea, India and GCC Countries), along with an opportunity analysis for the forecast period (2021-2031). Readers can also find the absolute $ opportunity for the current year (2019– 2020) and incremental opportunity for the forecast period (2021-2031) along with market attractiveness analysis.

Chapter 15 – Brand Assessment

Readers can find the brand identity (as product, as an organization, as a person, as a symbol), target audience, positioning strategies, brand strategies and key brands (MCaffeine, Forest Essential, Skinkraft, Juicy Chemistry, OSEA, 100% Pure, and many more).

Chapter 16 – Market Structure Analysis - Global Assessment

This chapter includes the company dashboard, the analysis of industry structure by tier of companies, the analysis of company shares by top players and the competition benchmarking matrix.

Chapter 17 – Competition Deep Dive

Readers can find the overview, product portfolio, sales footprint and strategy overview (marketing and product strategies) by different competitors in the market that includes L'Oréal S.A., Procter & Gamble Co., Honest Co., Clorox Co., Mama Earth, The Body Shop, Estee Lauder, Unilever, and many others.

Chapter 18 - Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the global plant-based skincare products market report.

Chapter 19 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the global plant-based skincare products market.

- FAQs -

The global plant-based skincare products market is estimated to be worth over US$ 683 Mn in 2021.

The market is anticipated to surpass a valuation of US$ 1.4 Bn by 2031-end.

From 2016 to 2020, sales of plant-based skincare products increased at 6.2% CAGR.

L'Oréal S.A., Procter and Gamble Co., Estee Lauder, Unilever, and Mama Earth account for 35%-40% market share.

The U.S., U.K., Germany, China, and Japan are the top five countries driving high demand for plant-based skincare products.

Sales of plant-based skincare products in the U.K. are expected to be valued at US$ 39.2 Mn in 2021, while demand in Spain will total US$ 16.5 Mn.

Germany accounts for 23.5% market share in Europe with a market valuation of US$ 57.8 Mn in 2021.

The U.S. plant-based skincare products market share in 2021 is 91.9% of North America, while the Australian market size in 2021 is 63% share of Oceania.

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