Published: Nov, 2017
The global organic personal care market is prognosticate to witness a vigorous growth over the years to come. According to a report by Transparency Market Research (TMR), the market is predicted to be extremely competitive in the years to come on account of the rapid surge in the FMCG sectors along with the widening scope for local players that have the capability to produce products better suited to regional preferences. Some of the leading participants of this market are Amway, Loreal SA, The Body Shop, Estee Lauder and Natura Cosmeticos SA.
The global market is predicted to showcase a healthy CAGR of 11.3% between 2017 and 2022, the forecast period. The market is expected to rise from a valuation of US$10.9 bn to US$18.7 bn over this period.
Hair Care Expected to Emerge as Leading Segment due to Higher Pollution
The worldwide organic personal care market is fragmented side-effect sort into hair care items, healthy skin items, cosmetics and shading makeup, aromas, and others. Of these, hair care items are probably going to remain the prevailing income generator for the worldwide organic personal care market in the coming years. The hair care items section has profited from their far reaching interest and developing need because of rising contamination levels and is probably going to hold consistent predominance in the worldwide organic personal care market in the coming years. The hair care segment of the organic personal care market was esteemed at US$3.3 bn in 2017 and is probably going to ascend to US$5.7 bn by 2022 at a hearty 11.3% CAGR in that. Healthy skin items are likewise prone to guarantee a noteworthy offer in the worldwide organic personal care market.
The North America organic personal care market was valued at US$3.4 bn in 2017 and is expected to rise to US$5.8 bn by 2022, accounting for close to a third of the global market. The organic personal care market in North America is driven primarily by the widespread presence of modern sales channels, which has made purchasing organic personal care products easier.
Rising Disposable Incomes and Demand for Safe Cosmetics to Offer Rich Opportunity
Personal care industry is drift driven and is always showing signs of change as indicated by the most recent styles. Essential elements driving interest for common and organic items incorporate expanding number of wellbeing cognizant buyers, growing awareness with respect to the advantages of characteristic and organic-based personal care items, surging spending limit, and higher product perceivability online and additionally on the rack and so forth. These elements are inciting passage of new players into the market through acquisitions by existing players in the market. The personal care industry is comprehensively fragmented on the premise of item sort as healthy skin, hair care, beautifying agents, oral care, and others, with the healthy skin item section representing biggest offer as far as both esteem and volume.
Enhanced way of life combined with rising disposable incomes of the working white collar class populace in rising economies of Asia-Pacific, for example, India, China, and Malaysia is required to move development of this industry. Ceaseless on-running R&D combined with innovative achievements in the zone of preparing and financially savvy generation were key variables in charge of increasing industry development in the course of recent years and the pattern will proceed throughout the following nine
The data and information presented in this review are based on a TMR report titled as “Organic Personal Care Market (Product Type - Skin Care, Hair Care, Makeup and Color Cosmetics, Fragrances; Gender - Male, Female; Sales Channel - Professional Salons, Specialty Stores, Modern Trade, Drug Stores, Online Stores) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022.”
The global organic personal care market is segmented as follows:
- Skin Care
- Make Up and Color Cosmetics
By Sales Channel
- Professional Salons
- Specialty Stores
- Modern Trade
- Drug Stores
- Online Stores
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- United Arab Emirates
- Rest of Middle East and Africa
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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