The Global Clean Beauty Market is estimated to reach over USD 18.41 billion by 2030, exhibiting a CAGR of 14.3% during the forecast period.
Toxin-free and green beauty products that aren't supposed to be organic or natural are referred to as "clean beauty." These products contain clear ingredient labels and are safe to use on the face, preventing skin harm from chemicals. The clean beauty industry is primarily driven by increased demand for natural plant-based beauty products. However, high production costs are a crucial hindrance to the clean beauty business. Manufacturers have been encouraged to launch new products as research and development investments have increased due to the popularity of clean beauty products. An increasing number of women prefer anti-ageing products, which make up a significant clean beauty products market sector over the upcoming years.
Youngsters are expected to respond positively to the rising celebrity involvement in the promotion of sustainable beauty products. In addition, rising marketing for toxin-free and environmentally friendly items will propel the market forward. Furthermore, increasing R&D efforts, government initiatives to utilize sustainable components in manufacturing, and investments by major players are likely to provide lucrative revenue growth opportunities for participants in the global clean beauty market over the forecast period.
However, the high cost of clean beauty coupled with the COVID-19 outbreak may limit the growth of the target market during the forecast period. Furthermore, increasing R&D activities, government initiatives to use sustainable components for production, and investments by prominent players are factors expected to create lucrative growth opportunities in terms of revenue for players operating in the global clean beauty market over the forecast period.
The Clean beauty market is segmented based on product and distributional channel. Based on product, the market is segmented as Skin Care, Hair care, Oral Care, Fragrances, Color Cosmetics and Others. By distributional channel, the market is segmented into Supermarkets/hypermarkets, Specialty stores, Convenience stores and online.
Based on the distributional channel, the online segment is a major contributor to the clean beauty market.
The Online category is expected to hold a major share in the global clean beauty market in 2021 due to a rise in collaboration, mergers, and acquisitions for the development of clean beauty products. People's shopping power has been significantly affected by the internet distribution channel, which provides benefits such as doorstep delivery, simple payment options, substantial savings, and the availability of a wide range of products on a single platform. This may generate tremendous opportunities to fuel the global clean beauty market during the projection period.
The skin Care segment witnessed growth at a rapid rate.
The skin care segment is projected to grow at a rapid rate in the global clean beauty market. Increasing demand for face creams, sunscreens, and body lotions around the world is likely to boost market growth during the forecast period. Another factor boosting the market's growth is growing knowledge of the harmful effects of chemicals and synthetic products. Furthermore, there is an increasing demand for clean beauty products market over the upcoming years. Furthermore, the growing e-commerce sector is expected to enhance market growth even more, especially in countries such as the US, Germany, UK, China, and India.
In the region, the North America Clean beauty market holds a significant revenue share.
The North America Clean beauty market is expected to register the highest market share in terms of revenue soon. This can be attributed to the strong focus on the environment in the region, with the increasing adoption of clean beauty in different industries. The growth of the market in the region is attributed to aggressive marketing strategies and increasing online sales of these organic beauty products.
The region is home to one of the prominent cosmetics industries, which will contribute to the global clean beauty product market during the forecast period. Furthermore, cosmetics businesses' ongoing developments are projected to boost market growth soon. Similarly, in the coming years, the growth of the dietary supplement market is foretold to show a significant increase in the use of nutritional products, such in North America and Europe.
The key players in the clean beauty market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Clean beauty market are INIKA, Avon, Honest Beauty, ILIA, Zuid Organic, Kare Weis, RMS Beauty Lilah b., Juice Beauty, Ere Perez, Mineral Fusion, allure, Vapor, bare Minerals, Bite Beauty, Weleda , Credo Beauty, Burt's Bees, Inc. Estée Lauder, Lush , Naked Poppy, Inc. Beauty counter, A ether Beauty, Prima, Ritual, Youth to The People Inc., INNERSENSE ORGANIC BEAUTY INC., Pipette, Vapor Organic Beauty Inc., Hear Me Raw, Opacite, and Other Prominent Players.