Global Organic Personal Care Products Market expands with the call for natural ingredients in cosmetics
The global Organic Personal Care Products Market was worth USD xx billion in 2020, and it is estimated that it will reach a valuation of USD xx billion by 2025 at a CAGR of xx% during the outlook period.
Personal care products are chemical compounds or mixtures of organic ingredients to improve general appearance or are used for personal hygiene. Organic personal care products consist primarily of plant-based ingredients derived from roots, herbs, flowers, fruits, and seeds. Organic personal care products eliminate the use of synthetic chemicals such as parabens, sulfur, aluminum salts, phthalates, and diethanolamine (DEA), which are widely used in conventional personal care products.
In October 2018, L'Oreal announced the completion of the acquisition of Logocos Naturkosmetik AG, which is engaged in the manufacture of beauty and personal care products, including hair care, skin care and other makeup products.
October 2018 Lotus Herbals Pvt. Ltd, a company that manufactures beauty and personal care products based on natural ingredients, has launched a new premium organic skincare brand in India, Ikkai.
Market Drivers and Restrains:
Increasing demand for cosmetics, skin and hair care and growing call for environmental and animal friendly products are expected to drive growth. Also, strict regulations promoting the use of organic substances in the skincare industry are likely to drive market growth. Increasing R&D costs to introduce improved animal and plant extracts into various products are expected to further stimulate product demand. Technological innovations aimed at developing profitable product lines are expected to continue to be a major driver of the organic personal care products market growth over the forecast period. Demand has increased in recent years as awareness of the various benefits of organic products compared to synthetic products has increased. This has led manufacturers to launch new products and focus on research and development. The growing popularity is a key factor driving the demand for natural products. Changes in living standards, increased awareness of organic care products, and the availability of a variety of organic products are key factors contributing to the growth of the global organic personal care products market. It is expected that the increase in problems related to hair and skin loss, etc., along with the short shelf life of organic personal care is limiting the growth of the market.
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Report is segmented as:
The organic personal care products market is segmented by distribution channels and product types. The product type segment is divided into oral care, hair care, skin care, makeup cosmetics, etc. Of all types, the skincare segment has dominated the market in recent years and is expected to remain the same over the forecast period as emerging markets have improved living standards, preferences have risen for beauty and consumer concerns about the harmful effects of pollution have increased. Based on the distribution channels, the market is segmented into retail sales and online sales. Retail channels were the highest monetized segment in 2019 and are expected to remain in that position throughout the forecast period.
North America was an important region for 2019 and is likely to continue its dominion during the forecast period. Increased consumption in Mexico is expected to have a positive impact on the market as awareness of the positive effects of natural ingredients such as turmeric and neem increases. Favorable regulatory support to promote new investment domestically in Mexico is expected to open up new avenues during the envisioned period. Both women and men use products such as moisturizing lotions, equitable creams, anti-aging creams, sunscreen creams, and lotions on a daily basis. Organic skin care products have the highest penetration rates of all regions. However, these products are gaining considerable popularity in the Asia Pacific region.
Impact of COVID 19 on Organic Personal Care Products Market
The organic personal care products industry has seen a decline in the wake of the Covid-19 pandemic, but the impact is not as severe as can be seen in other industries. Although discretionary spending has decreased, the market for organic personal care products has seen a shift in consumer behavior with safe and reliable products. Due to the low risk of contamination and the long shelf life due to automation, products conducive to the distribution of consumer goods are expected to become visible in the future.
Key market players:
The leading manufacturer in the industry is Burt's Bees. Aveda Corporation; Celestial Hain Group; The Body Shop International PLC; Estée Lauder Companies Inc; Bare Escentuals Beauty Inc; Amway Corporation; Neutrogena Corporation; Arbonne International LLC; And Yves Rocher SA.
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