Global Organic Personal Care Products Market to Cross USD 41 Billion by 2028
Published | 12 July 2022
Global Organic Personal Care Products Market is flourishing owing to the changing consumer behavior, rising purchasing power in developing nations along with the increasing demand for sustainable and biobased skincare products globally…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Organic Personal Care Products Market was worth USD 21.45 billion in the year 2021. The market is projected to grow at a CAGR of 9.8%, earning revenues of around USD 41.03 billion by the end of 2028. The Global Organic Personal Care Products Market is booming because of the growing popularity of organic cosmetics. As opposed to chemically produced skin care products, organic skincare products are less likely to cause allergic reactions, inflammation, and irritation on the skin. Moreover, the market for organic personal care products is predicted to grow as skincare product sales rise as well as improved and increasing availability of natural ingredients. Moreover, due to several skin-related issues such as anti-aging, anti-acne, and sun protection support the market growth. Furthermore, the rising demand for fairness products among the younger population in countries such as India, South Africa, Nigeria, Cameroon, and China offers lucrative growth opportunities for the market. However, Organic skincare products are quite more expensive than non-organic skincare products. Also, there are some fake organic personal care products available at cheaper rates, which can cause skin infections. This, in turn, may act as a huge restraining factor for market growth.
Changing Consumer Behaviour and Rising Purchasing Power in Developing Nations
Increasing urbanization, the number of working women, changing lifestyles, and rising hygiene and skin care awareness are some of the major factors driving the market for personal care ingredients. The need for personal care products has increased along with awareness of hygiene and personal health. The demand for ingredients for personal care products has increased as a result of the increased production of skin care and hair care products. Most developing nations, particularly China, Brazil, and India, have seen a significant change in consumer lifestyle. Rising income and purchasing power support the development. These elements have raised the need for components in personal care products in these nations. Health, hygiene, and beauty-related awareness has been growing over time. For instance, high-end skin and hair care products that were previously only utilized in cities are now quickly gaining traction in India and China's rural areas. The cosmetics and personal care business is being driven by this change in consumption habits.
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Demand for Sustainable and Biobased Goods is Increasing Globally
Petrochemicals used to make personal care compounds cause carbon emissions and dangerous byproducts. As a result, many forms of environmentally friendly and non-hazardous ingredients are being produced. As a result, enzymes that can create bio-based solutions have been produced. Bio-based goods are capable of being developed to satisfy a variety of customer requests in addition to having fewer carbon footprints. Outstanding cleaning and wetting qualities, as well as multipurpose capabilities, are only a few of the improved properties. The creation of novel products as a result of rising consumer awareness of biodegradable goods is anticipated to lead to market expansion potential.
Challenge: Slow Results of Organic Personal Care Products
The same as any other product, organic cosmetics have drawbacks. Its slowness to act is its first drawback. Organic cosmetics do indeed take longer to work than conventional ones. Additionally, allergic responses might be brought on by some natural items. The organic substance must next be tested on a tiny area of skin before being applied more broadly. Essential oils that trigger skin responses are typically to blame for this reaction. Organic cosmetics frequently have a "monotonic" scent because they don't include chemicals.
Segmental Coverage
Global Organic Personal Care Products Market - By Region
Geographically, the Global Organic Personal Care Products Market is segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Among these, North America holds the largest market share for organic personal care and cosmetic goods worldwide. Due to the high level of health consciousness among consumers in the United States, organic personal care and cosmetics products have long been well-liked. Moreover, Asia-Pacific is expected to dominate the market during the forecast period (2022-2028). The personal care products market in Asia-Pacific has enormous potential. Due to consumers' growing preference for goods that are scientifically confirmed to be organic and include natural ingredients, the market experienced significant demand. The demand for organic personal care products in the area is being driven by an aging population, rising disposable income, and an increase in the number of women in the workforce. The largest market for organic personal care goods is China. Over the past few years, it has been growing quickly. The Asia-Pacific market is being driven by rapidly shifting lifestyles and rising awareness of beauty and wellness.
Impact of COVID-19 on Global Organic Personal Care Products Market
The coronavirus outbreak has had an impact on the personal care industry, particularly the market for personal care ingredients. The decline is primarily the result of countries imposing a lockdown to adhere to social distancing norms. Industry disruption is also being exacerbated by the global economic slowdown. Manufacturing facility closures have harmed the organic personal care products market. The pandemic has reduced consumer spending on necessities. It has also had an impact on consumer consumption patterns. As a result, there is a global demand-supply mismatch for personal care ingredients. COVID-19 has resulted in significant reductions in personal care market discretionary expenses such as fragrances, hair styling products, and make-up.
Competitive Landscape
The leading market players in the Global Organic Personal Care Products Market are The Estee Lauder Companies Inc., Weleda AG, Loreal SA, Burt’s Bees, Arbonne International, LLC, KORRES S.A, Avon Products, Inc, Bare Essentials Beauty, Coty Inc., AVEENO, and other prominent players. The Global Organic Personal Care Products Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Organic Personal Care Products Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Organic Personal Care Products Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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