The global organic personal care market size
is projected to reach USD 25.11 billion by 2025, according to a new report by
Grand View Research, Inc. It is anticipated to register a CAGR of 9.4% during
the forecast period. Rising R&D expenditure to introduce improved plant and
animal extracts into various products is expected to promote the demand.
Furthermore, regulations promoting the use of organic materials in personal
care industry is likely to propel the growth.
Growing demand for organic products has
resulted in an increase in their availability in supermarkets, malls, and
drugstores. In addition, growth in 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 accessibility and is expected to remain a key contributing factor
for the market growth over the forecast period. Online stores also give
consumers the opportunity to gain access to products that would otherwise not
be available in local stores and malls, which has made them especially popular
in emerging markets.
The market includes a variety of products
such as hair care, oral care, skin care, cosmetics, and others. Other product
segments include oils, body sprays, perfumes, and masculine and feminine
hygiene products. Growing popularity of natural products is the key factor
driving demand. Growth product distribution channels in urban areas has made
these products easily accessible to consumers. As these products reflect the growing
aspirations of better hygiene, health, and beauty in modern times, their
adoption has exhibited significant growth. Furthermore, with the introduction
of products such as flosses and mouthwashes, the demand for organic oral care
products is expected to increase.
Demand for products that are free from
synthetic fragrances, preservatives, parabens, petrochemicals, and harsh
cleaners such as sodium lauryl sulfate has been on the rise over the past few
years. Numerous major market players are involved in manufacturing a variety of
personal care products, such as sunscreens, body lotions, shampoos, scrubs,
anti-aging creams, makeup removers, masks and exfoliators, eye care products,
lip care products, BB creams, face oils, and cleansers/toners.
North America was the largest regional
segment of the organic personal care market in 2018, and is expected to
continue leading over the forecast period, on account of rising demand for safe
and natural products. Over the past few years, companies have been introducing
new and innovative products specifically designed to cater to the various
consumer needs. Major players such as L’Oréal, The Body Shop, and Estée Lauder
have launched new organic products that target aging population.
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https://www.grandviewresearch.com/industry-analysis/organic-personal-care-market
https://www.grandviewresearch.com/industry-analysis/organic-personal-care-market
Further key findings from the report suggest:
· Skin care application held the leading
market share of over 33.7% in terms of revenue in 2018, owing to the ability of
organic ingredients to impart antioxidation properties and improve skin health
· The U.S. organic personal care market is
anticipated to exceed USD 7.74 billion by 2025 owing to the presence of various
manufacturers in the country
· The global market is highly competitive
with the presence of a number of multinational companies with wide product
portfolios. Some of the key companies present in the market include Aveda
Corporation, Burt’s Bees, and The Estée Lauder Companies Inc., among various
others players.
· The companies lay high emphasis on
expanding their presence global scale, in an attempt to increase market shares
and to drive revenues. For instance, Estee Lauder has acquired various
companies such as BECCA Cosmetics, Too Faced, and Editions de Parfums Frédéric
Malle, over the past few years to expand its product portfolio.
Grand View Research has segmented the
global organic personal care market on the basis of product and region:
Organic Personal Care Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Skin Care
·
Hair Care
·
Oral Care
·
Cosmetics
·
Others
Organic Personal Care Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
