According to a 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, 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.
Key Takeaways from the report:
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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.
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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.
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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.
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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.
U.S. organic skin care market revenue by product, 2012-2022 (USD Million)
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
Regional Outlook Of Organic Skin Care Market
North America was the largest organic skin care segment, accounting for over 30.0% of global revenue in 2014. Rising market opportunities primarily in Mexico on account of increasing consumption of natural and organic lotions and creams coupled with new product launches by key manufacturers are expected to augment growth over the forecast period.
Europe organic skin care market was valued over USD 750 million of in 2014. Rising need for products which are free parabens and other harmful chemicals, have zero side effects and do not affect the skin texture is expected to have a positive impact on the market over the next seven years.
Asia Pacific organic skin care segment is expected to grow at a CAGR of over 25.0% from 2015 to 2022. Increasing “go green” consciousness, rapid industrialization and rising concerns for health safety coupled with consumer concerns towards the hazards of using synthetic chemicals particularly on the skin is expected to augment product demand over the next seven years.
Leading Industry Players –
Natura Cosméticos S.A., Burt’s Bee, Kiehl’s, The Body Shop, Estee Lauder, Yves Rocher Amway, Arbonne International, The Hain Celestial Group, Aveda Corp., and L’Occitane en Provence.
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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)
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Face creams
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Body lotions
Organic Skin Care Regional Outlook (Revenue, USD Million, 2012 – 2022)
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North America
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U.S.
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Europe
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Germany
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UK
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Asia Pacific
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China
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India
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Latin America
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Brazil
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- MEA
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