New York
City, 21 January 2019: The Report
Organic Personal Care Market is
anticipated to reach over USD 27,276.5 million by 2026. In 2017, the skin care
segment dominated the global market, in terms of revenue. North America is
expected to be the leading contributor to the global market revenue during the
forecast period.
A significant increase in disposable
income, changing lifestyles, and initiatives by market players to promote
natural and organic personal care products drive the growth of this
market. Other driving factors include growing inclination towards use of
natural and organic products, and increasing awareness regarding use of
chemical free personal care products. Increasing demand from developing nations
is expected provide numerous growth opportunities to the market players during
the forecast period.
There has been a shift towards
e-commerce and consumers are increasingly purchasing organic personal care through
online platforms. The variety of choices available coupled with ease of
purchase offered by online platforms encourages consumers to buy organic
personal care products online, supplementing the growth of the market.
 |
Improvement in lifestyle due to rise in
income level, especially in the developing countries of Asia-Pacific fuels the
demand for organic personal care market. Factors such as increase in per capita
income and changes in consumer behavior are expected to accelerate the adoption
of organic personal care in the coming years.
The different types of
organic personal care products available in the market include skin care, hair
care, oral care, cosmetics, and others. In 2017, the skin care segment
accounted for the highest market share. Use of organic skin care products
offers benefits and reduces the risk of skin irritations and allergies. Growing
awareness regarding use of natural ingredients in skin care products is
expected to support market growth during the forecast period.
Competitive Landscape and Key Vendors:
North America generated
the highest revenue in the market in 2017, and is expected to lead the global
market throughout the forecast period. The increasing geriatric population in
the region coupled with high disposable income drives the market growth. The
increasing demand of organic personal care in the region is owing to high
consumer awareness regarding the benefits of natural and organic personal care
products and rising environmental concerns. Asia-Pacific is expected to grow at
the highest CAGR during the forecast period owing to increasing disposable
incomes in developing countries of this region, and rising awareness.
The well-known companies profiled in
the report include The Body Shop International PLC, Amway Corporation, Aubrey
Organics, Oriflame Cosmetics S.A., Estee Lauder Companies Inc., Arbonne
International, LLC, Aveda Corporation, Aveda Corporation, Burt’s Bee, The Hain
Celestial Group, Yves Rocher, Bare Escentuals, Inc., and L’Occitane en Provence
among others. These companies launch new products and collaborate with other
market leaders to innovate and launch new products to meet the increasing needs
and requirements of consumers.
No comments:
Post a Comment