The Sustainable Beauty and Skincare Market Size is valued at USD 176.6 Bn in 2023 and is predicted to reach USD 326.8 Bn by the year 2031 at an 8.26% CAGR during the forecast period for 2024-2031.
Products for clean beauty are carefully designed to minimize harmful environmental effects and support general skin health. Consumers can improve their beauty habits and take care of the environment at the same time by adopting clean beauty. Due to this increased awareness, the use of non-toxic, organic, and natural products that are good for the environment and individuals has become more popular in the clean and sustainable skincare movement. The environmental impact of pure beauty must be taken into account while individual embrace it. Eco-friendly packaging and sustainable production techniques are essential elements of the clean cosmetics movement.
Several international laws and guidelines have been implemented in the last five years to encourage firms to adopt sustainable practices and lessen their environmental effect. For example, In the European market, the European Green Deal of 2020 and the Corporate Sustainability Reporting Directive (CSRD), which was introduced in 2023, have taken center stage in ensuring that businesses accept responsibility and contribute to a better future. Additionally, the late 2022 passing of the Cosmetics Regulation Act (MoCRA) marked the long overdue but far from complete modernization of the law. The MoCRA established several new standards for cosmetic manufacturers and brands, marking the first significant revision to the Food and Drug Administration's (FDA) cosmetics regulations since 1938. Advocates for the clean beauty sector and certain clean beauty firms contend that a number of the provisions fell short, especially when it came to ingredient safety.
Competitive Landscape
Some of the Major Key Players in the Sustainable Beauty and Skincare Market are
- 100% Pure
- Acure Organics
- Amway Corporation
- Arbonne International
- Avalon Natural Products, Inc. (US)
- Aveda
- Avon
- Beauty with Cruelty
- Billy Jealousy, LLC
- Burt's Bees
- Caudalie
- Clean Cosmetics
- Coty Inc.
- Hauschka
- l.f. Cosmetics, Inc. (US)
- Elf Cosmetic Company
- Eminence Organic Skin Care
- Ere Perez
- Estee Lauder Companies Inc.
- Groupe Rocher
- Hera Beauty Ltd.
- Herbivore Botanicals
- Herrco Cosmetics
- Honest Co.
- Ilia Beauty
- INIKA Organic (Australia)
- Josie Maran Cosmetics
- Juice Beauty
- Kendo Holdings, Inc. (US),
- Kjaer Weis
- Kosé Corporation (Japan)
- Live Clean
- L’Occitane Group
- L’Oreal S.A.
- Lush Cosmetics
- LVMH Group
- MuLondon
- Natura & Co.
- Odacité Skincare
- Pacifica Beauty
- Pai Skincare
- PHB Ethical Beauty Ltd (UK)
- Plum Goodness (India)
- Purity Cosmetics
- RMS Beauty
- Seraphine Botanicals
- Shiseido Company Limited
- Sukin Skincare
- Tata Harper Skincare
- The Body Shop
- The Clorox Company
- The Estee Lauder Companies
- The Honest Company, Inc.
- TJS India
- True Botanicals
- Unilever plc.
- Urban Decay
- W3LL PEOPLE
- Weleda AG
- Yes To, Inc.
- Yves Rocher
- Zuii Organic
- Other Prominent Players
Market Segmentation:
The Sustainable Beauty and Skincare Market is segmented based on the by type, by application, and by distribution channel. Based on the type, the market is segmented into organic beauty products, natural skincare products, vegan beauty products, cruelty-free cosmetics, and clean beauty products. Based on the application, the market is segmented into facial care, hair care, body care, makeup and cosmetics, and fragrances. The By distribution channel segment is segmented into online retail, brick-and-mortar stores, specialty, beauty stores, health and wellness retailers, and direct sales.
The Organic Beauty Products Segment is Expected to have the highest growth rate during the forecast period
Based on the type, the market the market is segmented into organic beauty products, natural skincare products, vegan beauty products, cruelty-free cosmetics, and clean beauty products. Among these, the organic beauty products segment is expected to have the highest growth rate during the forecast period. The beauty industry and regulatory bodies have started to support and promote organic products through certifications and guidelines, making it easier for consumers to identify and choose organic options. The broader clean beauty movement, which focuses on non-toxic and natural ingredients, often overlaps with organic beauty. As the clean beauty trend grows, it simultaneously boosts the demand for organic products.
The Facial Care Segment Dominate the Market
Based on the application, the market is segmented into facial care, hair care, body care, makeup and cosmetics, and fragrances. Among these, the facial care segment dominates the market. The facial care segment is often the most significant driver of the sustainable beauty market. Consumers are particularly concerned about the ingredients they apply to their faces due to sensitivity and potential health effects. The market is driven by factors like as eco-friendly packaging, cruelty-free products, and a focus on clean beauty.
North America Have the Largest Market Share During Forecast Period
North America has a well-developed retail infrastructure, including both physical stores and online platforms. This makes sustainable beauty products more accessible to a wide range of consumers. Many leading beauty brands that prioritize sustainability are based in North America or have a significant presence there. These brands often set trends and drive innovation in the market.
Recent Developments:
- In Jan 2024, The Body Shop, declared that it has achieved 100% vegan product formulations for all product categories, including skincare, body care, haircare, makeup, and fragrance, making it the first global beauty brand to do so. The Vegan Society has certified the full range of product compositions, the business said in a statement.
- In April 2024, Weleda introduced two new lines of facial skin care products, which the company describes as its most "scientifically advanced innovation in a century. Regenerating Pomegranate & Maca Peptides Firming Face Care is one of these ranges; according to the brand, it is "clinically proven to slow down the aging effects on the skin, protecting from the negative oxidative effect of blue light exposure.
Sustainable Beauty and Skincare Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 176.6 Bn |
|
Revenue Forecast In 2031 |
USD 326.8 Bn |
|
Growth Rate CAGR |
CAGR of 8.26% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Application, By Distribution Channel. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
Lush Cosmetics, The Body Shop, Burt's Bees, Dr. Hauschka, Tata Harper Skincare, RMS Beauty, Herbivore Botanicals, Ilia Beauty, Caudalie, Pai Skincare, Eminence Organic Skin Care, Aveda, Weleda, Josie Maran Cosmetics, Kjaer Weis, Odacité, True Botanicals, 100% Pure, Juice Beauty, W3LL PEOPLE, Pacifica Beauty, Acure Organics Sukin Skincare. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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