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Plant-based skincare ‘growing strongly’

​According to a new report by Fact MR, demand for plant-based skincare products is projected to surpass $683 million in 2021 and will see a CAGR of around 7.5% through the end of 2031. Online sales will grow even faster, at 9.9% CAGR.

“Demand for plant-based skincare products is projected to experience exceptional rise in the worldwide personal care industry over the decade,” Fact MR stated. “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.

Within this, the North America market is valued a $319.2 million in 2021 growing at 5.7% CAGR through 2031, while Europe’s market will reach $339.6 million that year. China is the major production base in Asia. Creams and lotions are the largest part of the market by segment, accounting for 32.1%.

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Upcoming Events

Testing of Personal Care Formulations

Burlington House, London
Thursday 17th March 2022

in-cosmetics Global 2022 - Paris

1 Pl. de la Porte de Versailles, Paris
5 - 7 April 2022

NYSCC Suppliers' Day 2022

Javits Center, New York
3 - 4 May 2022

in-cosmetics Korea 2022

Hall C, Coex, Seoul, South Korea
13 - 15 July 2022

PCHi China 2022

Shanghai World Expo Exhibition & Convention Center
18 - 20 July 2022

32nd IFSCC Congress

Park Plaza Hotel, Westminster
19-22 September 2022

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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