Skin Care Is The Fastest Growing Segment Fueling The Growth Of ASEAN Organic Cosmetics Market

https://www.coherentmarketinsights.com/market-insight/asean-organic-cosmetics-market-3152
ASEAN Organic Cosmetics Market

The global ASEAN Organic Cosmetics Market is estimated to be valued at US$ 4,583.84 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Organic cosmetics products are formulated using plant extracts, vitamins and other natural ingredients instead of artificial additives. These products are gaining popularity among consumers due to growing concerns over risks associated with the long-term use of synthetic cosmetics.


Market key trends:

The ASEAN organic cosmetics market is driven by increasing awareness about harmful effects of chemicals in cosmetic products and rising health consciousness among consumers. Growing influence of social media is fueling demand for natural and organic personal care products. Evolving retail landscape with expansion of online distribution channels along with attractive marketing strategies by key players has boosted adoption of organic cosmetics in the region. Moreover, the implementation of stringent regulations regarding ingredients used in cosmetics manufacturing will further augment the market growth over the forecast period.

Segment Analysis

The ASEAN organic cosmetics market is segmented by product type into skin care, hair care, makeup cosmetics, and others. Among these, the skin care segment dominates the market and accounts for over 40% share of the total ASEAN organic cosmetics market. The large share of this segment can be attributed to the wide availability and high demand for organic skin care products such as facial creams, cleansers, oils, and lotions, which are considered to be healthier and more effective than conventional skin care products.

Key Takeaways

The Asean Organic Cosmetics Market Size was valued at US$ 4583.84 Mn in 2023 and is expected to grow at a CAGR of 7.8% during the forecast period. Growing awareness about the harmful effects of synthetic and chemical ingredients in cosmetic products is driving the demand for organic and natural alternatives in the region.

Regional analysis: Indonesia, Thailand, and Vietnam collectively account for over 60% of the total organic cosmetics market in ASEAN. Indonesia dominates the market and is expected to maintain its dominance, growing at an estimated CAGR of around 8.5% till 2030 due to the large population and increasing disposable incomes in the country.

Key players: Key players operating in the ASEAN organic cosmetics market are WELEDA Inc., Groupe L€TMOCCITANE, and KORRES Group. WELEDA Inc. is one of the leading players in the global organic cosmetics market with strong presence across Europe and Asia. Groupe L€TMOCCITANE specializes in organic beauty and well-being products manufactured from plants and has a widespread distribution network across ASEAN countries.

Read More: https://www.pressreleasebulletin.com/drive-growth-of-the-asean-organic-cosmetics-market-share-analysis/

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