01.02.24
Already thinking of your next new product project for 2024? You might want to secure some natural ingredients.
A recently published Fact.MR study foresees that the global natural skin care product market is anticipated to secure a market value of $13.4 billion by 2032 while expanding at a CAGR of 6.5% from 2022 to 2032. The expansion of the market can be attributed to the growing awareness about the benefits of using organic and herbal products.
The growing cases of acne-prone skin types 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, said the report.
In addition, the rising popularity of challenges on Instagram is anticipated to bolster the demand for such products, thereby benefitting the market considerably.
A recently published Fact.MR study foresees that the global natural skin care product market is anticipated to secure a market value of $13.4 billion by 2032 while expanding at a CAGR of 6.5% from 2022 to 2032. The expansion of the market can be attributed to the growing awareness about the benefits of using organic and herbal products.
The growing cases of acne-prone skin types 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, said the report.
In addition, the rising popularity of challenges on Instagram is anticipated to bolster the demand for such products, thereby benefitting the market considerably.