Organic Personal Care and Cosmetic Products Market Witness Highest Growth in near Future

Organic Personal Care and Cosmetic Products Market is expected to reach $19.8 billion by 2022, registering a CAGR of 10.2% during the forecast period 2016-2022. Personal care and cosmetics are mixtures of chemical compounds or organic ingredients, used to enhance the overall appearance or are used for personal hygiene. Organic personal care and cosmetic products mainly comprise plant ingredients and do not contain chemicals such as parabens, phthalates, aluminum salts and petrochemicals, which are potentially harmful to an individual’s health. Increasing beauty consciousness and health awareness are prime factors boosting the market growth. Moreover, operating players in the market have been putting numerous efforts into launching several products in the market, thereby supplementing the market growth.

Request Sample Copy At: https://www.alliedmarketresearch.com/request-sample/1398

Stringent government regulations especially in developed countries have enforced the companies operating in personal care and cosmetics market to introduce organic products over chemical products. As a result, operating companies have developed organic personal care and cosmetics products, thereby increasing overall consumption of organic personal care and cosmetics in the recent past. Increasing consciousness about personal appearance and overall health awareness contribute to the growth of organic personal care and cosmetics industry. Moreover, increasing disposable income coupled with improved standards of living drive the adoption of personal care and organic cosmetics products. However, brief shelf life of organic personal care and cosmetics and availability of advanced beauty treatments are restricting the growth of the market. Government support and regulation would offer several growth opportunities to the operating players operating in the market.

Organic personal care and cosmetics products market is segmented on the basis of product type, distribution channel and geography. The product type segment is further classified as skin care, hair care, oral care, makeup cosmetics and others (deodorants, feminine hygiene products and hand hygiene). Among all types, the skin care segment dominated the market in past few years and is expected to remain the same during the forecast period due to rising standard of living in emerging markets and inclined preferences towards beauty, increasing consumer concerns regarding the harmful effects of pollution and global warming. Retail sales and online sales are two broad classifications based on distribution channel. Retail channel was the highest revenue-generating segment in 2015 and is expected to maintain its position during the forecast period. However, online channel would grow rapidly during the forecast period. Based on geography, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is the major market across the world for organic personal care and cosmetics today. In the United States, organic personal care and cosmetics products have long been popular due to high health consciousness among customers. Asia-Pacific is expected to grow at highest CAGR owing to improving GDP, lifestyle pattern, and purchasing power of customers in the region.

Presently, organic personal care and cosmetic products are used by individuals across the globe. Extreme weather conditions have boosted the adoption of skin care products such as moisturizing creams and lotions, sunscreen creams, and lotions. In addition, rising trend of using skin and sun care products by men have boosted the sales of skin and sun care category. This trend is expected to continue during the forecast period. Hair care is the most lucrative segment in the market. The use of hair care products has increased among men and women. Owing to the increased number of working women, the sales of color cosmetics has significantly increased in recent years. Increasing health awareness among consumer would eventually contribute to the growth of the global organic personal care and cosmetics market.

Manufacturers have adopted various strategies to sustain and maintain their market positions. Expansion is the primary strategy adopted by prominent players in the market, followed by acquisition. Arbonne International, LLC, Amway India, Yves Rocher and Oriflame have set up manufacturing plants at different locations in order to expand their business. Operating companies in the market, such as L’Oréal, Arbonne International, LLC, and Yves Rocher have adopted acquisition strategy to remain competitive in the organic personal care and cosmetics industry. Partnership, product launch, and channel integration are some of the other strategies adopted by market players.

For Purchase Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/1398

Rising disposable income of individual

Disposable income of individuals is a crucial factor impacting the growth of the organic personal care and cosmetics market. Disposable income increases the spending capacity of consumers, thereby increasing the sale of cosmetics products. Presently, increasing GDPs of various countries have fueled the growth of the global cosmetics market. According to the U.S Federal Government, the GDPs of emerging countries have increased significantly as compared to that of developed countries. Therefore, improving economic conditions in the emerging markets has increased the disposable incomes of individuals. Increase in disposable income and rise in spending capabilities of individuals on personal luxury goods have fueled the market growth. This has boosted the sale of organic personal care and cosmetics products.

Government regulation and support

Government authorities in the developed countries, such as the U.S. and the UK, have implemented regulations to minimize the usage of synthetic ingredients in cosmetics products to reduce skin ailments in individuals. In addition, government in various countries have proactively boosted the use of natural ingredients in cosmetics. This factor is expected to boost the growth of the market in future.

Key players in the market include L'Occitane en Provence, LOreal International, Arbonne International, LLC, Burt's Bees, Estee Lauder Companies Inc., Amway Corporation, Oriflame Cosmetics S.A., Yves Rocher, Weleda and Aubrey Organics. The operating players in the market have adopted expansion and acquisition strategies to remain competitive in the global the market.

Get detailed COVID-19 impact analysis on the Organic Personal Care And Cosmetic Products Market: https://www.alliedmarketresearch.com/request-for-customization/1398?reqfor=covid

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.