Herbal Cosmetics Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192176
  • Format: Electronic (PDF)
  • Number of Pages: 215
  • Author(s): Joshi, Madhavi

Report Overview

The Herbal Cosmetics Market size was estimated at USD 22 billion in 2023 and is projected to reach USD 35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.10% during the forecast period (2024-2030).

Herbal Cosmetics Market

(Market Size)
$22 billion
$35 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.10%
2023 Market Size USD 22 billion
2030 Market Size USD 35 billion
Key Players Himalaya Herbals, Patanjali, Biotique, Lotus Herbals, Khadi Natural

Market Summary

The herbal cosmetics market represents a significant and expanding segment within the global consumer goods industry, characterized by products formulated with natural and plant-derived ingredients. This market is driven by a paradigm shift in consumer behavior, with a growing number of individuals actively seeking alternatives to synthetic personal care products. The demand is fueled by a heightened awareness of the potential adverse effects associated with chemicals and a strong, increasing preference for organic, sustainable, and ethically sourced beauty solutions. Herbal cosmetics encompass a wide array of products, including skincare, haircare, makeup, and fragrances, all leveraging the perceived safety and efficacy of botanical extracts. The industry is witnessing robust innovation as manufacturers invest heavily in research and development to create effective formulations that meet the stringent expectations of modern, conscious consumers. This sector is not merely a trend but is evolving into a mainstream preference, influencing product development strategies across the entire beauty and personal care landscape. Established multinational corporations and agile new entrants are actively competing in this space, leading to a dynamic and competitive market environment focused on authenticity, transparency, and proven results.

Key Highlights

A pivotal highlight of the herbal cosmetics market is the powerful influence of the wellness movement, which has seamlessly integrated personal care into overall health management. Consumers now meticulously scrutinize product labels, demonstrating a clear preference for items free from parabens, sulfates, and artificial fragrances. This has elevated the importance of certifications such as USDA Organic, Ecocert, and COSMOS, which serve as key trust markers and differentiators in the market. Another significant highlight is the rapid expansion of product distribution channels. While specialty organic stores were once the primary outlet, herbal cosmetics have now achieved widespread availability through mass-market retail chains, premium department stores, and, most notably, e-commerce platforms. The digital space has become a crucial arena for brand building, consumer education, and direct sales, allowing even niche brands to achieve global reach. Furthermore, technological advancements in extraction and preservation techniques are enhancing the efficacy and shelf-life of natural formulations, addressing historical challenges associated with herbal products and closing the performance gap with conventional cosmetics.

Drivers, Opportunities & Restraints

The primary driver propelling the herbal cosmetics market is the escalating consumer awareness regarding health and environmental sustainability. This conscious consumerism is compelling individuals to make purchasing decisions aligned with their values, directly boosting demand for natural and organic personal care items. The proliferation of digital media and influencer marketing further accelerates this trend by rapidly disseminating information and shaping consumer perceptions. A significant opportunity lies in the untapped potential of emerging economies in Asia-Pacific and Latin America, where a growing middle class with increasing disposable income is becoming more receptive to premium herbal beauty products. Market players can capitalize on this by developing region-specific formulations that incorporate locally sourced, traditional ingredients known for their heritage and efficacy. However, the market faces considerable restraints, including the higher cost of sourcing certified organic raw materials and the complex, costly process of obtaining necessary regulatory approvals across different regions. Additionally, the lack of universal standardization for terms like "natural" and "herbal" can lead to consumer confusion and greenwashing, potentially eroding trust in the entire category.

Concentration Insights

The competitive landscape of the herbal cosmetics market is characterized by a diverse mix of players, ranging from well-established multinational corporations to specialized niche brands. Large conglomerates such as L'Or?al, Unilever, and Procter & Gamble maintain a strong presence through dedicated natural sub-brands and strategic acquisitions of successful independent companies. This allows them to leverage extensive distribution networks and significant marketing budgets. Conversely, the market also features a high concentration of small and medium-sized enterprises (SMEs) that focus on authenticity, unique brand stories, and specialized product offerings. These brands often build a loyal customer base through a commitment to specific ethical values, such as vegan formulations, fair trade practices, or zero-waste packaging. The market's concentration is not monolithic but is instead segmented by price point, distribution channel, and brand philosophy, creating a vibrant ecosystem where both global giants and artisanal creators can thrive by catering to distinct consumer segments.

Type Insights

The herbal cosmetics market is segmented by type into several key categories, with skincare and haircare products dominating the overall revenue share. The skincare segment includes a vast array of offerings such as facial cleansers, moisturizers, anti-aging serums, and sunscreens formulated with ingredients like aloe vera, turmeric, green tea, and neem. These ingredients are prized for their anti-inflammatory, antioxidant, and healing properties. The haircare segment is equally robust, featuring shampoos, conditioners, hair oils, and treatments infused with herbs like amla, bhringraj, hibiscus, and rosemary, which are traditionally known to promote hair growth, strengthen strands, and improve scalp health. The makeup segment, while smaller, is growing rapidly as brands develop pigmented products using mineral and plant-based colorants. Furthermore, the market includes oral care and fragrances derived from essential oils. Each product type is subject to continuous innovation, with manufacturers focusing on blending ancient herbal wisdom with modern cosmetic science to enhance product performance and sensory appeal.

Application Insights

In terms of application, herbal cosmetics cater to a broad demographic, but specific applications show varying levels of demand. Products designed for facial care represent the largest application segment, driven by daily skincare routines and concerns related to aging, acne, and skin sensitivity. Body care applications, including lotions, scrubs, and washes, also constitute a substantial market share. There is a growing application in specialized therapeutic areas, such as products targeting eczema, psoriasis, and other dermatological conditions with soothing ingredients like calendula and chamomile. The application of herbal cosmetics is also expanding in the men's grooming sector, with an increasing number of products being developed specifically for male consumers, focusing on natural ingredients for beard care, shaving, and skincare. The versatility of herbal ingredients allows for applications across all aspects of personal care, and the trend is moving towards multi-functional products that offer combined benefits, such as a moisturizer with anti-aging properties or a shampoo that also colors hair naturally.

Regional Insights

Geographically, the Asia-Pacific region stands as the dominant and fastest-growing market for herbal cosmetics globally. This supremacy is deeply rooted in the region's rich history and cultural heritage of using natural ingredients and traditional medicinal systems like Ayurveda in India, Traditional Chinese Medicine, and Jamu in Indonesia. Countries such as India, China, Japan, and South Korea are not only massive consumption hubs but also leading centers for innovation and manufacturing. North America and Europe represent mature markets characterized by high consumer awareness, stringent regulatory standards, and a strong demand for certified organic products. In these regions, the trend is driven by a well-established wellness culture and a distrust of synthetic chemicals. Meanwhile, Latin America and the Middle East & Africa are emerging as promising regions with significant growth potential. This growth is fueled by economic development, urbanization, and the increasing influence of global beauty trends, prompting both international brands and local players to expand their presence in these areas.

Company Insights

The herbal cosmetics market features a dynamic competitive environment with a blend of global powerhouses and pioneering independent brands. Leading companies such as L'Or?al SA, through its brand Garnier, and Unilever PLC, with its brand Dove, have significantly expanded their portfolios to include natural and herbal lines. The Est?e Lauder Companies Inc. and Procter & Gamble Company also compete actively, often through acquisition strategies, as seen with P&G's purchase of Native. Prominent pure-play companies that have shaped the industry include The Himalaya Drug Company, known for its Ayurvedic expertise, and Burt's Bees, a pioneer in natural personal care. Other significant players are Natura &Co, which owns The Body Shop and Aesop, and Forest Essentials, renowned for its luxury Ayurvedic products. These companies compete on various fronts including product innovation, brand authenticity, sourcing transparency, sustainable packaging, and the ability to secure coveted organic certifications to build consumer trust and loyalty in a crowded marketplace.

Recent Developments

The herbal cosmetics market is continuously evolving, with recent developments focusing heavily on sustainability, transparency, and technological integration. A major trend is the industry-wide shift towards circular economy models, leading to innovations in biodegradable and refillable packaging solutions to minimize plastic waste. Brands are increasingly adopting blockchain technology and other traceability systems to provide consumers with verifiable information about the journey of ingredients from farm to face, enhancing brand credibility. There is a growing emphasis on waterless or anhydrous formulations, which conserve resources and increase the concentration of active herbal ingredients. Strategic mergers and acquisitions remain prevalent, as larger corporations seek to acquire innovative indie brands to quickly gain market share and expertise in the natural segment. Furthermore, research and development efforts are intensifying to discover and validate the efficacy of lesser-known botanical extracts, often through partnerships with scientific institutions, to create the next generation of high-performance herbal cosmetics.

Report Segmentation

This comprehensive market research report on the herbal cosmetics industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market. The segmentation by type categorizes the market into skincare, haircare, makeup, and other product types, analyzing the trends, growth patterns, and consumer preferences unique to each category. Segmentation by application further breaks down the usage into facial care, body care, hair care, and other specific applications, providing insights into demand drivers for each use case. The report also includes a geographical segmentation, delivering a thorough regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This analysis highlights regional production and consumption trends, regulatory landscapes, and key growth opportunities in each territory. Additionally, the report features a competitive landscape section that profiles leading companies, examining their market share, product portfolio, strategic initiatives, and recent developments, providing a complete view of the market's structure and dynamics.

FAQs

What are herbal cosmetics? Herbal cosmetics are beauty and personal care products formulated primarily with natural ingredients derived from plants, herbs, roots, flowers, and essential oils. They are designed to avoid synthetic chemicals, parabens, and artificial additives, aligning with a clean and conscious beauty ethos.

What is the demand for herbal cosmetics? The demand for herbal cosmetics is experiencing strong global growth. This is driven by increasing consumer awareness of health and wellness, a preference for sustainable and ethically produced goods, and a growing distrust of the potential side effects associated with long-term use of synthetic cosmetics.

Which country is famous for herbal cosmetics? India is globally renowned for its herbal cosmetics, deeply influenced by its ancient Ayurvedic tradition. The country is a major hub for production, consumption, and export of Ayurvedic and natural personal care products, with brands like Himalaya and Forest Essentials gaining international recognition.

What is the future of the herbal cosmetics market? The future of the herbal cosmetics market is exceptionally promising, poised for continued expansion. Future growth will be fueled by technological advancements in natural formulation, deeper penetration into emerging markets, and an unwavering consumer shift towards products that are perceived as safe, sustainable, and transparent.

Who are the customers of herbal cosmetics? The customer base for herbal cosmetics is diverse but is primarily composed of health-conscious millennials and Generation Z consumers. It also includes individuals with sensitive skin, allergies to synthetic ingredients, and those who prioritize environmental sustainability and ethical sourcing in their purchasing decisions.

What is the concept of herbal cosmetics? The core concept of herbal cosmetics revolves around harnessing the therapeutic and beneficial properties of botanicals for beauty and personal care. It merg the principles of traditional medicine with modern cosmetic science to create products that are effective, gentle, and in harmony with nature.

Citius Research has developed a research report titled “Herbal Cosmetics Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Herbal Cosmetics Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Herbal Cosmetics Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Herbal Cosmetics Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Herbal Cosmetics Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Herbal Cosmetics Market
• Research Methodology
• Executive Summary
• Market Dynamics of Herbal Cosmetics Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Herbal Cosmetics Market
• Cost and Gross Margin Analysis of Herbal Cosmetics Market
• Herbal Cosmetics Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Herbal Cosmetics Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Herbal Cosmetics Market Key Stakeholders

Below are the key stakeholders for the Herbal Cosmetics Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Herbal Cosmetics Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Herbal Cosmetics Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Herbal Cosmetics Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Herbal Cosmetics Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Herbal Cosmetics Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Herbal Cosmetics Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Herbal Cosmetics Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Herbal Cosmetics Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Herbal Cosmetics Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Herbal Cosmetics Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Herbal Cosmetics Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Herbal Cosmetics Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Herbal Cosmetics Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Herbal Cosmetics Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Herbal Cosmetics Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Herbal Cosmetics Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Herbal Cosmetics Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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