The global natural skin care products market will be worth $7.14 billion in 2022, according to a new report by market research outfit Fact.MR.
The Natural Skin Care Products Market report anticipates annual growth of 6.5% to 2032, when the value is expected to rise to $13.4 billion.
Fact MR attributes the expansion of the market to the growing awareness about the benefits of using organic and herbal products.
“The growing cases of acne-prone skins among men and women are projected to be another key factor driving the industry in the coming time. Furthermore, the growing endorsements of natural skin care products are likely to augment the market considerably,” the company said in a statement.
“In addition, the rising popularity of challenges on Instagram is anticipated to bolster the demand for such products, thereby benefitting the market considerably,” it added.
Fact MR expects Europe to secure the largest market share of about 33% while the APAC region is projected to grow at 6% per year during the forecast period.
In a related development, a separate report published by Research and Market projects the personal care ingredients market to grow from $11.8 billion in 2021 to $14.9 billion by 2027, an annual growth of 4%.
