Top Factors Impacting Organic Personal Care and Cosmetics Product Market Forecast 2022

Global Organic Personal Care and Cosmetics Product Market is expected to garner $19.8 Billion by 2022, registering a CAGR of 10.2% during the period forecast2022. Increasing interest towards beauty and personal care coupled with growing health awareness are the key growth propellants of organic personal care and cosmetic products market. North America was the largest market, accounting for approximately 35% of the global market revenue, followed by Europe in 2015. Asia-Pacific is estimated to register the highest CAGR of 11.1% during 2022.

Globally, physical appearance concerns have increased significantly among individuals as well as working professionals. Personal care and cosmetics products play an important role in enhancing one’s inherent beauty and physical appearance. Increasing disposable income of consumers, has led them to spend more on personal luxury goods. Increasing awareness about the probable side effects of chemical based cosmetics is leading large number of consumer towards using organic personal care and cosmetics products. Though organic personal care and cosmetics products are expensive than products containing synthetic ingredients, consumers are ready to pay more for these products due to their high quality natural ingredients.

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Government initiatives have helped to increase awareness regarding the benefits associated with organic personal care and cosmetics products. For instance, in 2005, new legislation was passed in the European region, which mandated operating companies to conduct safety tests for various harmful chemicals largely being used in personal care and cosmetics products. North America is the leading region in the current market scenario. Asia-Pacific is a lucrative market for operating players in the market, owing to increasing beauty consciousness and overall health awareness supplemented with rising spending capacity of individuals.

Operating players in the market are expanding the geographical presence by increasing their number of brand outlets, departmental stores, concept stores, and manufacturing facilities. For instance, in December 2015, Amway India, an Indian subsidiary of Amway Corp., set up a manufacturing plant in Tamil Nadu in an effort to make India an important export hub in the Asia-Pacific region. This factory consists of nine production lines for oral care, cosmetics and nutrition products. Operating players in the market are also increasing their presence on various online platforms encompassing the company’s online web portal and channel partner’s portal.

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Key Findings of Organic Personal Care and Cosmetic Products Market:
• Organic personal care and cosmetic products market is expected to grow at a prominent rate of 10.2% during the forecast period.
• The skin care segment would continue to dominate the market, accounting nearly one-third of the market size by 2022.
• Presently, retail distribution channel dominates the global organic personal care and cosmetics products market. However, online channel is forecast to register the fastest CAGR of 11.8% during the forecast period.
• The North America region generates the highest revenue in the global market and would maintain its leading position during the forecast period.

Key Players
• L'Occitane en Provence
• LOreal International
• Arbonne InternationalLLC
• Burt's Bees
• Estee Lauder Companies Inc.
• Amway Corporation
• Oriflame Cosmetics S.A.
• Yves Rocher
• Weleda
• Aubrey Organics

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