Organic Personal Care Products to reach US$15,693.7 million Market by 2020

Driven by an increasing level of awareness among consumers and the development of stronger distribution channels, the global organic personal care products market will report a healthy CAGR of 9.3% from 2014 to 2013. According to a report by Transparency Market Research, the organic personal care market stood at US$8,360.5 million in 2013 and is expected to expand steadily to US$15,693.7 million by 2020. These findings are analyzed in TMR’s report, titled, ‘Organic Personal Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020.’

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As consumers worldwide become wary of the harmful effects of the synthetic chemicals contained in cosmetics and personal care products, there is a growing acceptance for organic personal care products. This bodes well for the expansion of the organic personal care products market. However, organic personal care products typically carry a higher price point than their non-organic counterparts. This is a matter of concern for companies trying to establish a stronghold in the market, especially in developing economies.

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The report studies the global organic personal care products market by product and geography. By product, the market is segmented into the following: Skin care, cosmetics, oral care, hair care, and others. Skin care products raked in the highest revenues in the global organic personal care products market in 2013. The segment will continue to hold its leading position over the next few years thanks largely to the expanding reach of distribution channels and the launch of new products.

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Likewise, on the basis of geography, the global organic personal care products market is classed into: North America, Asia Pacific, Europe, and Rest of the World. North America dominated the market in 2013 with a 34.9% share of global consumption.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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This release was published on openPR.