Global Botanical Skin Care Ingredients Market – Industry Trends and Forecast to 2031

Botanical Skin Care Ingredients Market Analysis and Size

In the cosmetics and personal care industry, the botanical skincare ingredients market plays a vital role by providing natural and organic alternatives to synthetic ingredients for botanical skin care products. Botanical extracts such as aloe vera, green tea, and chamomile are sought after for their moisturizing, anti-aging, and soothing properties. These ingredients are extensively used in formulations such as creams, lotions, serums, and masks, catering to consumers' growing demand for clean beauty products. With a focus on efficacy and sustainability, botanical skincare ingredients contribute to creating skincare products that promote healthier skin while aligning with environmental and ethical values.

Global botanical skin care ingredients market size was valued at USD 1.22 billion in 2023 and is projected to reach USD 2.28 billion by 2031, with a CAGR of 8.10% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

Botanical skincare ingredients are derived from plants, such as herbs, flowers, fruits, and seeds, and are utilized in skincare products for their natural properties and benefits. These ingredients offer various skincare solutions, including moisturizing, anti-inflammatory, antioxidant, and anti-aging effects, often appealing to consumers seeking more natural and sustainable skincare options.

Botanical Skin Care Ingredients Market Dynamics

Drivers

• Rise in Demand for Sustainable Products among the Consumers

Consumers increasingly prioritize products that align with environmental values. Botanical ingredients offer a sustainable alternative to synthetic chemicals, as they are sourced from renewable plant sources. Manufacturers are responding to this demand by implementing eco-friendly practices throughout the supply chain, including sustainable farming, ethical sourcing, and environmentally friendly extraction methods. Botanical ingredients often have lower environmental footprints compared to their synthetic counterparts, further enhancing their appeal. This focus on sustainability meets consumer expectations and positions botanical skin care as a responsible choice in the beauty industry.

• Growing Consumer Preference for Anti-Aging Solutions Propels Demand for Botanical Skin Care Products

As consumers seek effective ways to combat signs of aging, botanical ingredients offer a natural and appealing alternative. Botanical extracts rich in antioxidants, vitamins, and peptides have been shown to rejuvenate the skin, reduce wrinkles, and improve overall skin texture. With a growing preference for clean beauty and green cosmetics, botanical anti-aging products are increasingly sought after for their perceived safety and efficacy. This trend is driving manufacturers to incorporate more botanical ingredients into their skincare formulations, fueling the growth of the market.

Opportunities

•  Rising Innovations in Formulations of Botanical Skin Care Product Increases its Demand

Advancements in extraction techniques, encapsulation technology, and formulation science allow for the development of highly potent and stable botanical extracts. These innovations enable skincare products to deliver targeted benefits such as hydration, anti-aging, and brightening more effectively. Additionally, novel delivery systems such as microencapsulation and nanoemulsions improve the absorption and penetration of botanical ingredients into the skin, enhancing their efficacy. As consumers seek high-performance natural alternatives, these formulation innovations drive the adoption of botanical skin care ingredients in the market, fueling its growth.

• Evolving Health and Wellness Trends Increases Demand for Botanical Skincare Ingredients

With a focus on overall well-being, individuals seek skincare products that enhance the appearance and promote skin health. Botanical ingredients align perfectly with this trend, offering natural and plant-based solutions that are perceived as safer and more beneficial for the skin. As consumers become more conscious of the connection between lifestyle choices and skin health, the demand for botanical skincare ingredients continues to grow, driving innovation and market expansion in the beauty and personal care industry.

Restraints/Challenges

• Supply Chain Challenges Limit the Growth of Botanical Ingredients

The sourcing of botanical ingredients is often influenced by factors such as climate conditions, seasonal variations, and geographical limitations, leading to inconsistencies in supply. Climate change and natural disasters further exacerbate these challenges, affecting the availability and quality of botanicals. Additionally, the demand for certain botanical extracts may outstrip their sustainable supply, leading to concerns about overharvesting and environmental degradation. Supply chain disruptions, such as transportation delays and trade restrictions, can also impact the timely delivery of botanical ingredients to manufacturers.

• Rising Cost Considerations Limit the Adoption of Botanical Skin Care Ingredients

While botanical extracts are prized for their natural and holistic properties, they often entail higher production costs compared to synthetic alternatives. The complexity of sourcing, extracting, and processing botanical ingredients contributes to their elevated price point. This increased cost can deter budget-conscious consumers from purchasing botanical skincare products and may limit market penetration, particularly in price-sensitive segments. Manufacturers face the challenge of balancing the use of botanical ingredients with maintaining competitive pricing to remain viable in the market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In March 2024, Archer Daniels Midland Company collaborated with Water.org to address water sanitation challenges, reflecting a commitment to community welfare. This collaboration may indirectly impact botanical skin care by promoting sustainable practices in ingredient sourcing. As water scarcity affects agriculture, including botanical cultivation, initiatives such as this foster responsible sourcing practices, ensuring the availability of key botanicals for skin care formulations
• In October 2022, International Flavors & Fragrances, Inc. invested US$30 million in its Singapore Innovation Center, expanding its global market presence. This investment in research and development involved exploring botanical extracts for skin care formulations leveraging natural ingredients for innovative product lines. The center's focus on innovation could lead to the discovery of new botanical skin care ingredients, enhancing the company's offerings in the beauty industry
• In February 2022, Merck launched two groundbreaking cosmetic ingredients: RonaCare Baobab and RonaCare Hibiscus. Derived from nutrient-rich superfoods, these extracts from the baobab fruit and hibiscus flower meet COSMOS and Halal standards. They are ethically sourced, vegan-friendly, and boast a 100% natural origin, adhering to ISO 16128 guidelines. These innovations signify Merck's commitment to sustainable and inclusive beauty solutions

Botanical Skin Care Ingredients Market Scope

The market is segmented on the basis of form, product type, primary ingredient, grade, nature and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Liquid
• Gel
• Waxes
• Powder
• Others

Product Type

• Natural Emollients and Emulsifiers
• Natural Plant Oils
• Resin Extracts
• Natural Plant Extracts
• Natural Fragrances
• Active Ingredients
• Others

Primary Ingredient

• Grain Extracts
• Nut Butters
• Floral Extracts
• Tea Extracts
• Fruit and Vegetable Extracts
• Herbal Extracts
• Others

Grade

• Food
• Cosmetic
• Pharmaceutical
• Others

Nature

• Organic
• Conventional

End Use

• Skin maintenance and Care
• Decorative Cosmetics
• Cleansing Products
• Odour Improvement Products
• Hair Remover Products
• Others

Botanical Skin Care Ingredients Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, form, product type, primary ingredient, grade, nature and end use are referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.  

North America is expected to dominate the market, buoyed by its mature industrial and consumer goods sector. With a robust emphasis on research and development, North America displays a fertile ground for innovation in skincare products. This dominance reflects the region's commitment to advancing technologies and meeting consumer demands for natural and sustainable beauty solutions.

Asia-Pacific is expected to exhibit the most rapid expansion in the market. This growth is fueled by escalating industrialization, urbanization, and heightened consumer interest in personal care and household items. As the region undergoes significant economic development, there is an increasing demand for natural and sustainable skincare solutions. These factors converge to make Asia-Pacific a pivotal market for botanical skincare ingredients, promising robust growth opportunities for industry players.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Botanical Skin Care Ingredients Market Share Analysis

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• New Directions Aromatics Inc. (Canada)
• Mountain Rose Herbs (U.S.)
• Indesso (Indonesia)
• Lipoid-Kosmetik (Switzerland)
• The Herbarie at Stoney Hill Farm, Inc. (U.S.)
• Saba Botanical (U.S.)
• Rutland Biodynamics Ltd (U.K.)
• Ambe Phytoextracts Pvt Ltd (India)
• The Green Labs LLC (U.S.)
• BERJÉ INC. (U.S.)
• Linnea SA (Switzerland)
• Prakruti Products (India)
• UMALAXMI BRANDS (India)
• DSM (Netherlands)
• ADM (U.S.)
• Kerry (Ireland)
• GLANBIA plc (Ireland)
• Ribus, Inc. (U.S.)
• HP Ingredients (U.S.)
• Prinova Group LLC (U.S.)

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