A research report available on Grand View Research, Inc. states that the global organic personal care market will reach USD 25.11billion by 2025. High demand for natural and organic skin care, hair care, and several cosmetic products is anticipated to propel the market development over the forecast period (from 2016 to 2025).Organic personal care products aid in reducing reliance on petroleum-based products and in decreasing pollution levels as they are made from natural resources. This is projected to be a major growth driving factor for the global market.
Approval from regulatory bodies, such as the US Dept. of Agriculture (USDA), for using organic products in personal care products is projected to spur market growth. In addition, constant research and development activities by major players such as The Body Shop, along with technological breakthroughs for the production of low-cost products, are likely to be one of the growth driving factors for the overall market. This trend is further expected to continue during the forecast years. Growing R&D for customized and advanced products is estimated to offer new growth opportunities for the global market over the coming years.
Full Research Report On Organic Personal Care Market Analysis:
Global organic personal care market revenue share, by product, 2015 (%)
Massive R&D investments by key players to include improved animal and plant extracts in their products are also likely to promote market growth in future. Moreover, shifting user preference toward using organic materials and products due to rising consciousness about environment-related concerns and the adverse effects of chemicals and other artificial ingredients is also said to spur market growth.
The global organic personal care market is categorized according to product type and region. On the basis of product type, the market is segmented into cosmetics, hair care, skin care, oral care, and others. Based on region, the market is divided into Asia Pacific (APAC), Europe, North America, Middle East and Africa (MEA), and Latin America.
The APAC region is expected to achieve significant growth over the forecast period. High demand for cosmetic products due to increased consciousness among youth about external appearance is projected to be one of the key growth driving factors for the region. In addition, rising disposable income levels and enhanced standards of living in various emerging nations such as China, Malaysia, and India are predicted to impel the regional market growth in future.
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U.S. organic personal care market revenue, by product, 2014 – 2025 (USD Million)
North America occupied over 35% of the total revenue in 2015. The region is expected to witness steady growth over the estimated period as a result of ever-increasing consumption of various cosmetic products and novel product launches by various FMCG manufacturers. Moreover, implementation of the Kyoto Protocol and Montreal Protocol in the US and Canada for restricting greenhouse gas emissions has forced companies to use organic ingredients in their products. This is also estimated to have a huge and positive impact on the development of the regional market.
Europe crossed USD 2.5 billion in 2015 and is likely to grow at a fast pace from 2017 to 2025. This growth can be accredited to rising preference toward organic and naturally-derived products over artificial ones. In addition, positive regulatory framework encouraging the use of organic products is projected to augment the market in this region during the next few years.
Major companies operating in the worldwide organic personal care market include The Body Shop International PLC; Natura Cosméticos S.A.; Bare Escentuals, Inc.; Burt’s Bees, Inc.; The Hain Celestial Group; The Estée Lauder Companies Inc.; and L’Occitaneen Provence. All these players have undertaken key market strategies to stay in the race. Some of these strategies are novel product launches, M&A activities, and global business expansion. For instance, DAUPHINE organics recently released its new line of skincare products called Luxe Agape Collection. The product line is handcrafted and involves some of the best and finest exotic ingredients rich in nutrients to provide users with an ultimate luxury skincare experience.
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