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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click the link below:
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.
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.
