The ASEAN organic cosmetics market is projected to witness considerable growth in the future. It is expected to achieve around USD 4,419 by 2020. This growth can be attributed to increasing demand for organic cosmetic and personal care products and growing awareness about product formulation.
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The key factors driving the ASEAN organic cosmetics market are rising consumer preference for personal hygiene and extensive campaigns regarding the promotion of natural products. Additionally, rising spendings in retail industry, growing demand for specific products and escalating skin & health problems due to pollution are expected to boost the ASEAN organic cosmetics market.
However, the high prices of special products can restrain the market over the coming years. The ASEAN organic cosmetics market can be segregated into distribution channels, applications and countries. The market, on the basis of distribution channels, can be divided into department stores, online shopping, direct sales, franchise outlets, beauty salons and chemists.
Beauty salons are dominating the market. This trend is likely to continue over the next six years. Franchise outlets are experiencing significant growth and expected to be the fastest growing distribution channels sector. The ASEAN organic cosmetics market, on the basis of applications, can be split into skin care, hair care, fragrances, makeup and toiletries.
Hair care is observing lucrative growth. The primary countries categorized under the ASEAN organic cosmetics market are Malaysia, Singapore, Thailand, Philippines, Indonesia and Vietnam. Singapore emerged as the most profitable ASEAN organic cosmetics market. This growth is credited to the tourism industry and rising consumer awareness regarding natural products in the nation.
ASEAN Organic Cosmetics Market Share
Information Source: Grand View Research