The Report Organic Skin Care Market Analysis By Product
(Face Creams, Body Lotions) And Segment Forecasts To 2022
Global organic skin care market is expected to
reach USD 12.58 billion by 2022, according to a new report by Grand View
Research, Inc. Growing demand for organic face creams, sunscreens, and body
lotions among consumers is expected to have a positive impact on the sector
over the next seven years. Changing consumer perceptions towards organic
products coupled with growing utilization of environmentally sustainable
products is expected to fuel product growth over the next seven years.
Growing
awareness toward organic products,and changing lifestyle of consumers coupled
with and rising consumer disposable income is expected to fuel product demand
over the forecast period. In addition, increasing penetration of major players
such as Reckitt Benckiser and P&G through new product developments and
launches in India, Brazil and China is expected to promote growth over the next
seven years.
Rising
consumer awareness regarding potential impact of organic skin care products on
health and environment has resulted in augmenting sales over the past few
years. Furthermore, reduced consumption of harmful chemicals including aluminum
salts, parabens and phthalates coupled with shifting to sustainable products by
numerous multinational corporations has contributed to the rise in product
consumption and trend is expected to continue over the forecast period.
Access
Research Report of Organic Skin Care Market @ www.grandviewresearch.com/industry-analysis/organic-skin-care-market
Further key findings
from the report suggest:
· Face
creams was the fastest growing product segment at a CAGR over 20.0% from 2015
to 2022. The segment is expected to show high penetration due to rising
increasing incidences of skin disorders which has led consumers to switch from
synthetic products to natural products. Industry growth in Germany, France, and
UK coupled with product innovation by companies such as L’Oreal will increase
product demand over the next seven years.
· Body
lotion segment was estimated over USD 1.0 billion in 2014. Increasing need for
naturally quick-fix skin problems that arise from pollution and environmental
factors will have a positive impact on the sector over the forecast period.
· Europe
was estimated over USD 750.0 million in 2014. Robust product manufacturing base
in the UK, France and Germany is expected to be a favorable factor for demand.
European Commission framed Horizon 2020 Strategy, with to promote consumption
and production of natural ingredients in chemical, personal care, automotive
and energy sectors. This is expected to have a positive impact on the industry
over the next seven years.
· The
global organic skin care industry is highly competitive with large
multinational companies dominating the sector on account of increased
expenditure on advertising and continuous R&D. However, in 2014, numerous
smaller companies have gained share on account of increasing interest in
natural beauty particularly in Europe and North America. Furthermore, companies
employ strategies such as joint ventures and mergers & acquisitions to
expand their global presence. In October 2013, multinational L’Oreal acquired
The Body Shop and Kiehl’s to increase its share in this sector.
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the
global organic skin care market on the basis of product and region:
Organic Skin Care Product Outlook (Revenue,
USD Million, 2012 - 2022)
·
Face
creams
·
Body
lotions
Organic Skin Care Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
MEA
Access Press Release of Organic Skin Care Market@ www.grandviewresearch.com/press-release/global-organic-skin-care-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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