Global Plant-based Skincare Products Market to Grow 3.5x Times in the Coming Ten Years

According to a new report by Fact.MR, a market research and competitive intelligence provider, demand for plant-based skincare products is projected to surpass a valuation of US$ 683 Mn in 2021, and surge at a CAGR of around 7.5% through the end of 2031.

Demand for plant-based skincare products is projected to experience exceptional rise in the worldwide personal care industry over the decade. Rising awareness about various organic and natural products made with safe ingredients that eliminate the risk of allergic reactions and other skin problems has convinced consumers to shift their focus towards using plant-based beauty products.

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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

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Key Takeaways from Market Study

  • The North America market is estimated to be valued at US$ 319.2 Mn in 2021, and expand at a CAGR of 5.7% through 2031, due to expansion in retail chains, both, physical and digital.
  • Europe is one of the dominant players in the market, and is projected to reach a value of US$ 339.6 Mn by 2031.
  • Strong production footprint of key market participants in China has made it hold the largest market share of 41.6% in the East Asia market.
  • The market is segmented based on product type, where creams and lotions hold a high share of 32.1%.

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