logo
logo
Sign in

"Rising Consumer Concern About Environmental Protection Drives Growth "

avatar
Dhanesha Patil
"Rising Consumer Concern About Environmental Protection Drives Growth "

ASEAN consumers are increasingly demanding organic and natural personal care products which are environmentally sustainable. Organic cosmetic products contain plant and mineral-based ingredients which are free from harmful chemicals like parabens, phthalates and sulfates. These products offer benefits such as protection from toxic chemicals, nourishment of skin from nutrients in natural oils and plant extracts.

The global ASEAN Organic Cosmetics Market is estimated to be valued at US$ 4583.84 million in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


Growing environmental awareness among ASEAN consumers has been a key driver for the rising demand of organic cosmetics. Consumers are seeking products with certifications that guarantee no animal testing and using only sustainably sourced ingredients. Manufacturers are launching new ranges of beauty products based on natural ingredients like plant oils and extracts to satisfy this rising consumer preference for eco-friendly products. Brands promoting their organic credentials and sustainability practices through social media campaigns have been successful in attracting ethically conscious young consumers. The trend of organic and natural personal care is expected to gain further momentum in ASEAN countries, supported by increasing disposable incomes and mass marketing initiatives by leading brands.


Segment Analysis

The ASEAN Organic Cosmetics Market Analysis is dominated by skin care segment. The skin care segment accounted for more than 35% of the total market share in 2023 on the back of rising consumer awareness about harmful effects of chemicals present in normal cosmetics. Growing attention towards anti-aging properties of organic ingredients is driving demand for organic skin care products in the region.


Key Takeaways

The global ASEAN organic cosmetics market is expected to witness high growth. The market is forecast to reach a value of US$ 4,583.84 Mn by 2023, expanding at a CAGR of 8.0% during the forecast period of 2023 to 2030.


Regional analysis:

The organic cosmetics market in Indonesia is the fastest growing market in the ASEAN region. The market in Indonesia is growing at over 10% annually due to rising disposable income and expanding middle class population. Other high potential markets include Thailand and Malaysia.


Key players:

Key players operating in the ASEAN organic cosmetics market are Garda World, Brinks, Securitas, G4s, and Loomis. Garda World is the leading player with over 20% market share in 2023.

Get more insights on this topic: https://www.trendingwebwire.com/asean-organic-cosmetics-market-size-and-share-analysis-growth-trends-and-forecasts/

Explore more information on this topic, Please visit: 

https://allmeaninginhindi.com/unveiling-the-stealthy-threat-of-catheter-related-blood-stream-infection/


collect
0
avatar
Dhanesha Patil
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more