The global organic personal care market size was estimated at USD 22 billion in 2018 and is projected to register a CAGR of 8% from 2018 to 2028. Increasing demand for cosmetics and skin and hair care coupled with rising need for environment- and animal-friendly products is expected to drive the growth. Rising R&D expenditure to introduce improved plant and animal extracts into various products is expected to further promote the product demand. Furthermore, stringent regulations promoting the use of organic materials in skin care industry are likely to propel market growth.
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Growing demand has resulted in an increase in the availability of these products across various distribution channels such as supermarkets, malls, and drugstores. In addition, a rise of online market where consumers can access a wide range of products from any part of the world has been a primary reason for increase in the level of accessibility and is expected to remain a key contributing factor for growth0. E-commerce channels give consumers the opportunity to gain access to products that would otherwise not be available in their local stores and malls, which has made them especially popular in emerging markets.
APAC likely to Emerge as a Potential Growth Hotspot Owing to Tilted Consumer Preferences towards Naturally Sourced Products
In terms of geographical expanse of organic personal care market, APAC holds significantly an upper hand owing to strong ancient concepts on beautification and skin care activities. Consumer preferences have been overtly biased towards organically sourced cosmetic products against chemical counterparts. Multinational companies’ response to a highly agile market where consumer preferences are tilted towards organic personal care products is certainly awaited by new investors and market participants in organic personal care ecosystem.
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The Organic Personal Care market has solid competition amongst the already well-known and new market players. Also, the Organic Personal Care industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Based on the type segment, the market is bifurcated into cosmetics, skin care, oral care, hair care, and others. The skin care segment is anticipated to witness a significant growth rate during the forecast years. The market growth of this segment is primarily ascribed to the increasing demand for different types of skin care product, which suits the skin type.
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The North America region is projected to accumulate a substantial share during the forecast years. In North America, the high spending capabilities of the working professionals across the region are boosting product demand. The rise in consumer awareness and introduction of regulatory amendments for labeling formulation transparency and ingredients information over skincare products has compelled manufacturers to label the product information. Furthermore, the positive outlook toward the product comprising natural ingredients is further complementing the business outlook.
The leading players operating across the global Organic Personal Care market include Aveda Corporation, The Body Shop International PLC, Amway Corporation, The Estée Lauder Companies Inc., Burt’s Bees, Yves Rocher, The Hain Celestial Group, and Bare Escentuals Beauty, Inc. The market for Organic Personal Care is consolidated with established global players and is further witnessing the emergence of new industry players Moreover, the industry players are targeting toward enhancing their market share through implementation of merger & acquisition, collaborations growth strategies.
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Key segments across Organic Personal Care market
• Type Overview, 2018 – 2028 (USD Million and kilotons)
o Skin Care
o Oral Care
o Hair Care
• Distribution Channel Overview, 2018 – 2028 (USD Million and kilotons)
• Regional Overview, 2018 – 2028 (USD Million and kilotons)
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Rest of South America
What does the report include?
• The study on the global Organic Personal Care includes qualitative factors such as drivers, restraints, and opportunities.
• The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the form development.
• The study covers a qualitative and quantitative analysis of the market segmented on the basis of type and distribution channel. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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