2-January-2019: According to a report by Grand View Research, Inc., global organic personal care market is anticipated to value USD 25.11 billion by 2025. Growing requirement for naturally-derived hair and skin care products among consumers is anticipated to propel demand for organic personal care products. These products are likely to offer ingredients extracted from plants and animals and are free from preservatives, petrochemicals, and synthetic fragrances that can harm consumer’s skin.
Growing awareness regarding benefits of organic personal care products over synthetic products can spur growth of market. Organic products are likely to be derived from natural resources and are free from harmful chemicals. High demand for such products in recent times can prompt manufacturing companies to introduce new products and focus on R&D activities. Increasing R&D expenditure to introduce plant and animal extracts in personal care products can fuel growth of market. Increasing number of distribution channels promoting organic personal care products and their benefits among consumers can drive market growth. Booming e-commerce and online marketplace providing consumers access to wide range of organic personal care products can stimulate growth of market. Stringent regulations promoting use of organic ingredients in skin care sector can augment market growth during the forecast period (2014 to 2025).
The organic personal care market can be segregated on the basis of application and region. Based on application, the market can be categorized into hair care, oral care, cosmetics, skin care, and others. In 2017, skin segment dominated the market and accounted for largest market share. Anti-ageing pursuit coupled with rising skin concerns can fuel growth. In addition, growing awareness regarding benefits of natural ingredients providing protection from ultra violet (UV) rays can surge demand for organic personal care products. Both women and men are likely to use skin care products such as fairness creams, moisturizing lotions, anti-ageing creams, and sun screen & lotions on regular basis. These products are expected to display highest penetration across all regions.
Similarly, increasing use of organic ingredients in cosmetic products such as fragrances, nail polishes, lipsticks can fuel growth of segment over next few years. Spiraling consumption of cosmetic products in countries such as India, Brazil, and China attributed to growing population of working class women can influence growth of market.
Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In 2017, North America dominated the market and accounted for major market share. It is predicted to grow at similar pace over the forecast period. Rising consumption of organic personal care products in Mexico attributed to growing awareness regarding benefits of natural ingredients such as neem and turmeric can fuel growth of market. In addition, favorable regulatory support in Mexico promote new investments at domestic level can create lucrative opportunities for market in the region. In Untied States, the market is expected to account for market share equivalent to USD 7.7 billion by 2025.
Similarly Asia Pacific is anticipated to be fastest growing region over the forecast period with countries such as India, China, Japan, Australia, and South Korea as sights of high growth rate. Growing awareness regarding benefits of natural products coupled with increasing disposable income can fuel growth of market. In addition, growing base of middle class population in South Asian countries such as Vietnam, Indonesia, and Malaysia can augment market growth. Shifting consumer preference from low-price products to premium hair and skin care products are likely to create lucrative opportunities for market.
In Europe, the market is likely to grow well over the forecast period attributed to high prevalence of manufacturing bases for product in countries such as France, United Kingdom, and Germany. Favorable initiatives from European Commission to promote production and use of natural ingredients in chemical, personal care, energy, and automotive sector can influence growth of market in the region.
Some of the leading companies offering organic personal care are Aveda Corporation; Burt’s Bees, Amway Corporation, Neutrogena Corporation, and Arbonne International LLC.
In-Depth Research Report On Organic Personal Care Market:
https://www.grandviewresearch.com/industry-analysis/organic-personal-care-market
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