Demand-Supply Scenario of Plant-based Skincare Products Market To Remain Balanced During Forecast Period 2022 – 2031 : FactMR

According to a new report by Fact.MR, a market research and competitive intelligence provider, demand for plant-based skincare products is projected to surpass a valuation of US$ 683 Mn in 2021, and surge at a CAGR of around 7.5% through the end of 2031. Demand for plant-based skincare products is projected to experience exceptional rise in the worldwide personal care industry over the decade. Rising awareness about various organic and natural products made with safe ingredients that eliminate the risk of allergic reactions and other skin problems has convinced consumers to shift their focus towards using plant-based beauty products.

In today’s times, due to the ongoing COVID-19 pandemic, manufacturers are gradually prioritizing digital channels to reach more customers. Hence, the market is expected to see an increase in sales via online channels, which is anticipated to rise at a CAGR of 9.9%. e-Commerce is playing an important role in the market, ensuring the availability of products at doorsteps, where businesses are finding it extremely difficult to maintain sales and efficient distribution channels.

Request Sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=7069

Key Segments of Plant-based Skincare Products Industry Research

• Product Type

  • Creams and Lotions
  • Scrub Exfoliators
  • Cleansers and Toners
  • Essential Oil
  • Balms and Butter
  • Serums and Masks
  • Makeup Removers
  • Other Products

• Customer Orientation

  • Women
  • Unisex
  • Men
  • Kids

• Nature

  • Organic Plant-based Skincare Products
  • Conventional Plant-based Skincare Products

• Sales Channel

  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Convenience Stores
  • Mono Brand Stores
  • Specialist Retailers
  • Drug Stores
  • Online Retailers
  • Direct Selling

• Packaging Type

  • Pumps and Dispensers
  • Compact Cases
  • Jars
  • Pencils and Sticks
  • Tubes
  • Sachets
  • Others

• End User

  • Plant-based Skincare Products for Residential Use
  • Plant-based Skincare Products for Commercial Use

Request Customization – https://www.factmr.com/connectus/sample?flag=RC&rep_id=7069

Key Takeaways from Market Study

• The North America market is estimated to be valued at US$ 319.2 Mn in 2021, and expand at a CAGR of 5.7% through 2031, due to expansion in retail chains, both, physical and digital.
• Europe is one of the dominant players in the market, and is projected to reach a value of US$ 339.6 Mn by 2031.
• Strong production footprint of key market participants in China has made it hold the largest market share of 41.6% in the East Asia market.
• The market is segmented based on product type, where creams and lotions hold a high share of 32.1%.

Competitive Landscape

Consumers have become more beauty conscious and have increased their spending on skincare products. They are gradually adopting natural beauty care products due to changes in lifestyle and growing emphasis on external beauty, ensuring prevention from allergies and other skin problems.

Consumers are seeking organic products that can be applied on the face and remain all day long, and yet have no side effects on the skin or body. This has convinced manufacturers to provide large varieties of plant-based products that address the need and requirements of customers and offer products that enhance customer loyalty.

Buy Now – https://www.factmr.com/checkout/7059

Get More Valuable Insights

Fact.MR, in its new offering, provides an unbiased analysis of the demand for plant-based skincare products presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for plant-based skincare products based on product type (creams and lotions, scrub exfoliators, cleansers and toners, essential oil, balms and butter, serums and masks, makeup removers, and other products), customer orientation (women, unisex, men, and kids), nature (organic and conventional), and sales channel (hypermarkets/supermarkets, departmental stores, convenience stores, mono brand stores, specialist retailers, drug stores, online retailers, and direct selling), across seven major regions of the world (North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA).

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com