Feb 10, 2021/IndustryNewsGlobal/--The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Herbal Beauty Products Market. 

It was estimated prior to this unanticipated outbreak Herbal Beauty Products Market will reach CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Herbal Cosmetics Market Insights

Herbal Cosmetics Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The prime factor that is contributing to the demand for herbal cosmetics are growing consumer awareness regarding the harmful effects of chemicals being added to beauty products.

 

Market Share Analysis

Herbal Beauty Products Market Share: By Product Type

Based on product type, the market is segmented into skin care products, hair care products, makeup, and color cosmetics, fragrances, and others. The skincare segment is likely to be the largest segment of the herbal beauty products market during the forecast period. The segment is likely to witness the highest CAGR in the forecast period due to the increasing awareness of the benefits of herbal beauty products on body such as skin improvement, acne reduction, and removal of fine lines to slow down aging processes.

Herbal Beauty Products Market Share: By Distribution Channel Type

Based on the distribution channel type, the market is segmented into supermarket/hypermarket, convenience stores, specialty stores, online stores, and others. The supermarket segment is likely to be the largest segment over the forecast period. These stores offer trained representatives who work very creatively and are generally competent to provide the customer with a high quality of services that eventually impact the salability of the products positively.

Herbal Beauty Products Market Share: By Region

In terms of region, North-America herbal beauty products market is anticipated to grow at the highest CAGR during the forecast period. The demand for herbal beauty products in North-America is driven mainly due to green label products and willingness of the consumers to pay premium prices for the natural ingredients based product. Asia Pacific is anticipated to be the fastest growing market, where China, Japan, and India, being the major countries with lucrative growth opportunities.