Growth of Organic Personal Care Market Projected to Amplify During 2012 - 2022
In 2012, the Global Organic Personal Care Market was evaluated around USD 7.67 billion and is expected to reach approximately USD 20.88 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 10.53% over the forecast period owing to rising awareness amongst the consumers concerning personal health safety is anticipated to sustain the growth of market during the forecast years.
Declining utilization of hazardous chemicals such as aluminum salts, phthalates, and parabens along with dedicated efforts from several multinational companies of changing in the direction of sustainable products have led to rising personal care organic products consumption. Though, instability in raw material availability is anticipated to cause a threat during the projected period. Superior lifestyle standard along with increasing disposable earnings of the middle-class working population in developing countries of Asia-Pacific like Malaysia, China, and India is projected to drive the industry growth. Constantly on-going R&D along with technological innovations in the field of processing as well as cost-effective manufacturing are major responsible factors for augmenting market growth during the last few years and the drift will carry on during the next few years.
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In 2015, the North American regional market reported for around 35% of the market revenue share. Profitable opportunities in Mexico considering rising cosmetic products consumption in the middle of launches of the innovative product by FMCG producers is anticipated to impact positively during the next few years. In 2015, Europe surpassed USD 2.5 billion. Growing preference towards the products which are organically derived over artificial equivalents is projected to impact the market favorably during the projected period. Moreover, sustaining regulatory structure for the utilization of organically-derived products is anticipated to drive the growth of the global market in this region during the projected period.
Major Market Players:
- L'Occitaneen Provence
- Bare Escentuals
- Burt’s Bee
- The Hain Celestial Group
- Estee Lauder
- Yves Rocher
- Aveda Corp.
- Amway
- Arbonne International
- Natura Cosméticos S.A.
- Kiehl’s
- The Body Shop.
The global organic personal care marketis segmented as follows –
By Product
- Skin care
- Hair care
- Oral care
- Cosmetics
- Others
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