The global Organic
Personal Care Market is forecasted to reach USD 31.55
billion by 2027, according to a new report by Reports and Data. The main
reasons driving the growth of organic personal care market will be a rising
need for natural health products and cosmetics for skincare and hair care,
coupled with environmentally friendly products that are free from those
hazardous chemicals. Moreover, these products are generally premium priced due
to their attached psychological desire related to health benefits, which will
further propel growth among populations with rising disposable incomes.
The competitive landscape and
company profiles offered in the report examine the key players in the Organic
Personal Care market. The competitive analysis scrutinizes strategic
initiatives adopted by key players and evaluates recent developments and market
standing of the companies. The company profiles include data of established players
and new entrants and are examined by using analytical tools like SWOT Analysis.
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Key Players:
Key participants
include L'Oréal S.A., Aveda Corporation, The Estée Lauder Companies Inc., The
Body Shop International PLC, Burt’s Bees, The Hain Celestial Group, Amway
Corporation, Yves Rocher, and Natura Cosméticos S.A. among others.
Further
key findings from the report suggest:
- The main factors driving the growth
of organic personal care market will be a rising need for natural health
products and cosmetics for skincare and hair care, coupled with
environmentally friendly products.
- Increasing expenditure over the
R&D department to manufacture cost-efficient products with the usage
of available natural sources of raw material will further enhance growth.
The strict regulations imposed by the government over the beauty product
industry will enhance growth.
- Moreover, the coronavirus has
impacted this industry in a very different manner because the demand of
some of its type segments like lip care, men's grooming, oral care have
seen a great fall but segments like soaps, sanitizers, body wash have
enhanced so rapidly that manufacturers are not able to fulfill customer
despite robust supply procedure.
- Among the distribution channels,
online retail stores are estimated to generate revenue of USD 12.18
billion in the forecasted period. This channel provides door to door
services at a very reasonable price; therefore, it is forecasted to
register maximum growth.
- North America is leading the market
for the past 3-4 years, and the study further reveals that it will
continue to dominate in the period of 2018-2027. There is an increase in
the consumption of natural beauty products in Mexico on account of
increasing awareness regarding the health benefits of these products.
Products having ingredients like turmeric and neem are expected to have a
great impact on the organic personal care market.
- The global market was led by the
skincare segment in 2018. Rising anti-aging and skin concerns are major
driving forces that influence consumer demand positively in this segment.
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Market
Segmentation:
Type Outlook (Revenue,
USD Billion; 2017-2027)
- Skin Care
- Lip Care
- Deodorant and Antiperspirant
- Bath and Shower
- Oral Care
- Men’s Grooming
Ingredients Outlook
(Revenue, USD Billion; 2017-2027)
- Natural Surfactant
- Emollients
- Sugar polymers
- Natural Preservatives
- Active ingredients
- Others
Distribution Channel
Outlook (Revenue, USD Billion; 2017-2027)
- Hypermarket/Supermarket
- Online Retail Stores
- Specialist Retail Stores
Regional Outlook
(Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Key questions answered:
·
Which
of these regions – North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa, dominates market share?
·
What
is the outcome of the COVID-19 Impact Analysis performed in the report?
·
What
are the revenue estimations for every region in the Organic Personal Care
market?
·
What
is the current market valuation of each region and the estimated market size by
the end of the forecast period?
·
What
is the projected growth rate of the global Organic Personal Care market?
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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