"World
Organic Personal Care and Cosmetic Products Market" the world organic
personal care and cosmetic products market is expected to reach $19.8 billion
by 2022, registering a CAGR of 10.2% from 2016 to 2022. Increasing interest
towards beauty and personal care coupled with growing health awareness are the
key growth propellants of organic personal care and cosmetic products market.
North America was the largest market, accounting for approximately 35% of the
global market revenue, followed by Europe in 2015. Asia-Pacific is estimated to
register the highest CAGR of 11.1% during 2016-2022.
Organic
personal care and cosmetics products made from plant extracts and natural
ingredients, contain minimal/low amount of synthetic ingredients. Therefore,
these products are perceived as being safer and more beneficial than regular
personal care and cosmetic products. Government organizations in various
countries are encouraging the use of organic ingredients over synthetic in
cosmetic products, thereby supplementing the market growth. Skin care, hair
care and makeup cosmetics are widely used organic care products, collectively
accounting for nearly four-fifths of the global organic personal care and
cosmetic products market in 2015.
Operating
players in the market are investing in research and development in order to
introduce innovative products in the market. The players in the market majorly
sell their products through supermarkets, brand outlets, departmental stores,
drug stores, non-store retail formats and concept stores. Retail channel
generated the highest revenue in the global market. However, owing to high
penetration of the internet worldwide coupled with ease of availability and
attractive discounts, consumers have been preferring to buy through online
sales channel. This trend would ultimately boost online sales of organic
personal care and cosmetic products during the forecast period.
In
North America, the highest demand of organic personal care and cosmetics
products is registered from the U.S., owing to a higher awareness of the
benefits associated with organic cosmetic products. Europe has been continuously
exhibiting rising demand for organic personal care and cosmetics. Germany,
France and United Kingdom consolidated the majority of the market share in
2015. Asia-Pacific region is emerging as a promising organic personal care and
cosmetics products market across the world. Currently, Japan and China
constitute the largest share in this regional market.
Key findings of the
study:
- World organic personal care and cosmetic products market is expected to grow at a prominent rate of 10.2% during the forecast period.
- The skin care segment would continue to dominate the market, accounting nearly one-third of the market size by 2022.
- Presently, retail distribution channel dominates the global organic personal care and cosmetics products market. However, online channel is forecast to register the fastest CAGR of 11.8% during the forecast period.
- The North America region generates the highest revenue in the global market and would maintain its leading position during the forecast period.
Key
players in the market include L'Occitane en Provence, LOreal International,
Arbonne International, LLC, Burt's Bees, Estee Lauder Companies Inc., Amway
Corporation, Oriflame Cosmetics S.A., Yves Rocher, Weleda and Aubrey Organics.
The operating players in the market have adopted expansion and acquisition
strategies to remain competitive in the global the market.
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