Azoth Analytics has released research named “Global Clean Beauty Market: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028) (2022 Edition)” which provides a complete analysis of the Global Clean Beauty industry in terms of market segmentation By Product Type, By Age Group, By Sales Channel, By Countries.
The research also looks at the market's growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution.
In 2028, Global Clean Beauty Market is expected to account for a market value of USD 37658.89 Million registering a CAGR of 40% during 2023-2028. The concept of "clean beauty" has seen a significant increase in popularity over the past few years, primarily as a result of the younger generations' growing interest in learning about the advantages of using cruelty-free, vegan, and toxin-free cosmetics products, not only for their own skin but also for the environment. The COVID-19 epidemic has resulted in an increase in the market for clean beauty products. This is because a huge number of individuals have moved to clean beauty products as a result of their growing presence on social media and promises of superior benefits on the skin than traditional cosmetics.
Registering a market value of USD 5163.17 million in 2021, the Global Clean Beauty Market witnessed a growth of 7.72% during the historical period. The biggest market for clean beauty products is in Europe, specifically Germany, which is responsible for a significant portion of the total consumption of clean beauty products in the region. In addition, it is anticipated that the Asia Pacific region will experience rapid growth alongside Europe and the Americas. This is due to the high demand for natural and organic beauty products in countries such as South Korea and Japan, where skin care and beauty are considered to be highly advanced and the majority of people partake heavily in these activities.
The automotive remanufactured parts market is driven by the increasing average age of cars, stringent government laws on waste management, and the growing consumer awareness of eco-friendly goods.
The research is global in nature and covers a detailed analysis of the Global Clean Beauty Market in Americas (United States, Canada, Rest of Americas), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, South Korea, Rest of Asia-Pacific), and Middle East and Africa. Additionally, the research report displays data including market size, yearly growth potential analysis, competitive study of market players, investment opportunities, demand for future forecast, and so on.
Growing acceptance for “Clean” beauty products
The beauty cosmetics sector is expanding and witnessing development of innovative cosmetics products. According to the World Economic Forum, there are around 1.8 billion millennials and 2 billion Gen Z population worldwide, covering 25% of the world population. The millennials and GenZs are the two driving generations for the sales of clean beauty products globally.
Clean Beauty products are gaining popularity as consumers become more aware of the negative effects of chemically induced cosmetics. Customers are increasingly interested in items with a favourable price-to-quality ratio, with natural components and beneficial characteristics among the most important criteria. In addition to a rise in disposable money, there has been an increase in allergy cases as more and more products containing chemicals are added to shop shelves. In general, those with sensitive skin avoid using these products, leading in a rise in demand for organic beauty products.
Increasing consumer awareness of natural cosmetics and the desire of cosmetics manufacturers to replace synthetic components with natural alternatives are the primary drivers driving the expansion.
The market has been assessed for the historical period of 2018-2021, base year 2022 and the forecast period of 2023-2028. The companies profiled in the report include in the report include ZF Friedrichshafen, BBB Industries, Meritor Inc., Budweg, Monark Automotive, Cardone Industries, Robert Bosch, Caterpillar Inc., Volvo Group and Carwood Bare Minerals, The Honest Co., Fenty Beauty, Aveda Corporation, Westman Atelier, Victoria Beckham Beauty, Kora Organics, Saie Beauty, True Botanicals. The competitive landscape analyses includes critical information such as a business overview, products and services, key financials, and recent events and developments.
Overall, the report provides a detailed overview of the Global Clean Beauty Market, which will assist industry consultants, product manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.
