Global Natural and Organic Cosmetics Market to Reach $52.2 Billion by 2030
The global market for Natural and Organic Cosmetics estimated at US$29 Billion in the year 2023, is expected to reach US$52.2 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2023-2030. Natural and Organic Skin Care, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$18.6 Billion by the end of the analysis period. Growth in the Natural and Organic Cosmetics segment is estimated at 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.6 Billion, While China is Forecast to Grow at 13% CAGR
The Natural and Organic Cosmetics market in the U.S. is estimated at US$7.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.5 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.7 Billion by the year 2030.
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