According to a report published by Grand View Research, the global natural cosmetics market is expected to reach a value of $48.04 billion by 2025, at a CAGR of 5.01% from 2019 to 2025. High demand for natural health and wellness products is attributed to Millennials, “who have an increasing awareness of the harmful impact of synthetic chemicals.” In addition, Grand View found increasing R&D expenditure is likely to propel the growth. The supermarket/hypermarket segment was estimated to be valued at $13.67 billion in 2018, followed by convenience stores. Online sales (anticipated to expand at a CAGR of 4.47%) of a wide range of natural cosmetics is expected to remain the key driver for the segment, especially when consumers are unable to find them in store.
More info: www.BeautyPackaging.com