The high output of organic components owing to the abundance of resources can be ascribed to the market expansion of ASEN organic cosmetics. Inadequate certification of organic chemicals in the Asia Pacific area in terms of consumer acceptance is projected to stymie the expansion of the organic cosmetics business. The high cost of organic cosmetic products and the difficult production method of organic cosmetics are also predicted to stymie organic cosmetics market expansion. Furthermore, the packaging of organic cosmetics necessitates significant capital, which is anticipated to impede the commercial expansion of organic cosmetics. Consumer spending on personal care is predicted to increase throughout the forecast period, boosting market growth.
According to Coherent Market Insights, ASEAN Organic Cosmetic Market was valued at US$ 3,944.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.8% during the forecast period (2022 to 2030).
Top Companies in the ASEAN Organic Cosmetics Industry:
1. Estée Lauder Inc.
The Estée Lauder Companies Inc. is a marketer and manufacturer of high-quality skin care, cosmetics, fragrance, and hair care products. The company was founded in 1946. Headquartered in Bandra, India. On November 18, 2019, The Estée Lauder Companies announced it will acquire Have & Be Co. Ltd., the parent company of Dr. Jart+ and men’s grooming brand Do The Right Thing.
2. L’Oréal Group
L'Oréal SA engages in the manufacture and sale of beauty and hair products. It operates through the following segments: Professional Products, Consumer Products, L'Oréal Luxe, and Active Cosmetics. The Professional Products segment manufactures products which are used and sold in hair salons. The Consumer Products segment offers beauty and care products for men and women which are sold in mass market retail channels. The L'Oréal Luxe segment markets high-end skin care and beauty products in selective retail outlets such as department stores, perfumeries, and travel retail. The Active Cosmetics segment offers dermocosmetic skincare products which are sold in pharmacies and specialist sections of drugstores. The company was founded by Eugène Schueller in 1909 and is headquartered in Clichy, France.
3. WELEDA Inc.
Weleda specializes in the manufacturing of cosmetics, pharmaceutical products and provides healthcare treatments. The company was founded in 1921, headquartered in Switzerland.
4. Groupe L’OCCITANE
The L'OCCITANE Group is a natural cosmetics and well-being products manufacturer and retailer that creates and develops brands that offer new and extraordinary beauty experiences. They are an international group with 5 leading brands that are present in more than 90 countries. Their ambition is to be the market leader for natural cosmetics. In Mar 28, 2022 L’OCCITANE Group acquired Grown Alchemist. The company was founded in 1976, founded in Switzerland.
5. KORRES Group
The company was founded in 1996, headquartered in Greece. Korres SA Natural Products is a Greece based company engaged in the business of production, distribution and trading of cosmetics, pharmaceutical and homeopathy products. The company has a business presence in the cities of Athens, Paris, Madrid, Helsinki, Dubai, St. Petersburg, Prague, Barcelona and Singapore amongst others, and distributes its products in various countries. The organization offers face care products, body care products, hair care products, sun care products, fragrances, make-up products, products for men and other products.
*Definiton- Organic cosmetics are cosmetic products made from naturally grown components. These components contain more antioxidants and are grown without the use of genetically modified organisms (GM) or synthetic fertilisers.
