Global Herbal Beauty Products Market to Reach US$169.6 Billion by 2030
The global market for Herbal Beauty Products estimated at US$83.0 Billion in the year 2024, is expected to reach US$169.6 Billion by 2030, growing at a CAGR of 12.6% over the analysis period 2024-2030. Skin Care Herbal Beauty Products, one of the segments analyzed in the report, is expected to record a 10.4% CAGR and reach US$68.0 Billion by the end of the analysis period. Growth in the Hair Care Herbal Beauty Products segment is estimated at 14.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$22.6 Billion While China is Forecast to Grow at 16.6% CAGR
The Herbal Beauty Products market in the U.S. is estimated at US$22.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.1 Billion by the year 2030 trailing a CAGR of 16.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.4% and 11.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
Herbal beauty products have gained significant traction in recent years, driven by increasing consumer awareness of natural ingredients and concerns over synthetic chemicals in conventional cosmetics. These products, formulated using plant-based extracts, essential oils, and botanical compounds, offer a chemical-free alternative to traditional skincare and personal care items. Consumers are increasingly shifting toward herbal beauty solutions due to their skin-friendly properties, reduced risk of allergic reactions, and alignment with sustainable living. The market has witnessed a surge in demand for herbal creams, serums, hair oils, and cosmetic formulations that incorporate Ayurvedic, traditional Chinese medicine, and other herbal traditions. The influence of clean beauty trends, vegan formulations, and cruelty-free testing has further accelerated the demand for herbal-based products, making them a preferred choice among eco-conscious consumers.
The herbal beauty market is undergoing significant innovation, with brands investing in advanced botanical extraction techniques, microbiome-friendly formulations, and AI-driven personalized skincare. One of the most notable developments is the rise of bioactive herbal compounds, which enhance product efficacy while maintaining a natural formulation. Cold-pressed extraction and supercritical CO2 extraction methods have improved the purity and potency of herbal ingredients, ensuring their maximum benefits. Additionally, the integration of adaptogenic herbs such as ashwagandha, ginseng, and holy basil into beauty products has introduced stress-relieving properties to skincare routines. Another key innovation is the development of preservative-free herbal formulations, which leverage natural stabilizers such as fermented extracts and plant-derived antioxidants. These technological advancements are making herbal beauty products more competitive with mainstream cosmetic brands, offering a blend of nature and science.
The growing demand for herbal beauty products is largely driven by the increasing preference for natural skincare solutions among millennials and Gen Z consumers. The expanding awareness of the harmful effects of parabens, sulfates, and artificial fragrances has encouraged buyers to opt for chemical-free alternatives. The male grooming industry is also experiencing a surge in demand for herbal formulations, with brands introducing botanical-infused shaving creams, beard oils, and facial cleansers. Additionally, consumers with sensitive skin conditions such as eczema and rosacea are turning to herbal beauty products, which offer gentle yet effective solutions. The rise of e-commerce and social media marketing has also played a crucial role in market expansion, with brands leveraging influencer partnerships and digital platforms to educate consumers about the benefits of herbal skincare. The trend toward herbal cosmetics is further strengthened by the increasing availability of organic certifications, ensuring product authenticity and transparency.
The growth in the herbal beauty products market is driven by factors such as increasing consumer preference for organic and clean-label cosmetics, advancements in herbal extraction technology, and rising disposable incomes in emerging markets. The shift toward sustainable and ethical beauty has prompted major cosmetic brands to launch dedicated herbal product lines, expanding their offerings to meet consumer demand. Additionally, government regulations supporting the use of plant-based ingredients in skincare formulations have boosted the credibility of herbal beauty products. The growing influence of Ayurveda, Korean beauty (K-beauty), and holistic skincare practices has also fueled market growth. As consumers continue to prioritize health-conscious and eco-friendly purchases, the herbal beauty industry is expected to witness sustained expansion in the years ahead.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
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As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
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