May 29, 2019
Global organic personal care market is presumed to accumulate over US $27,276.5 million by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
As per the latest report, the significant factors supporting the growth of the global organic personal care market include changing lifestyles, considerable rise in disposable income, and initiatives taken by market players to endorse natural & organic personal care products. The worldwide market growth is further triggered by the increasing affinity towards using organic products, and the rising awareness about the use of chemical-free personal care products. Moreover, the market is anticipated to be endowed with multiple growth prospects over the forecast timeframe, due to growing demand for natural personal care products from the emerging nations.
Consumers are turning towards e-commerce and purchasing organic personal care products via online platforms because they offer a variety of choices, along with ease of purchase. Online sales of the natural personal care products are evidently promoting the expansion of the market, cites the report. Furthermore, rise in per capita income, coupled with changes in consumer behavior, would boost the adoption of natural personal care products in the following years.
Based on the product spectrum, the worldwide organic personal care market is fragmented into skin care, hair care, oral care, cosmetics, and others. As reported, the skin care segment dominated the global market during the year 2017, in terms of revenue. Surging awareness about the use of skin care products infused with organic ingredients is likely to fuel the market growth during the forecast timeline.
Speaking of the geographical presence, the global organic personal care market can be bifurcated into five major regions, including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Recent findings of the report revealed that North America accounted for the highest revenue in the global market in the year 2017 and is anticipated to become the leading contributor to the worldwide market revenue over the forecast timeframe. Growth in the regional market is propelled by the increasing geriatric population, coupled with the growing disposable income. The ascending demand for organic personal care products in the region has resulted from high consumer awareness about the benefits provided by these products, and burgeoning environmental concerns.
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Furthermore, the Asia Pacific market is slated to expand at the highest CAGR over the forecast period, on account of the rising awareness and surging disposable income in the developing APAC nations.
The worldwide organic personal care market is highly competitive and includes leading market players such as The Body Shop International Plc, Aubrey Organics, Estee Lauder Companies Inc., Aveda Corporation, Amway Corporation, Oriflame Cosmetics S.A., Arbonne International LLC, The Hain Celestial Group, Burt’s Bee, Bare Escentuals Inc., Yves Rocher, and L’Occitane en Provence. These companies are focusing on teaming up with other market leaders to innovate and introduce new products and cater to the growing needs of consumers.
The latest report includes an exhaustive analysis of the organic personal care market dynamics with respect to drivers, challenges, and opportunities over the estimated period. An in-depth analysis of the business sphere in terms of industry trends, Porter's five force, regional landscape, competitive ranking analysis, and competitive vistas has also been detailed in the report.