Organic Skincare Market: 9.8% CAGR through 2018-2028, Fueled by High-Quality Raw Product Adoption | TechSci Research
As per the TechSci Research report titled "Global Organic Skin Care Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Organic Skin Care Market reached USD 10.48 billion in 2022 and is expected to witness a Compound Annual Growth Rate (CAGR) of 9.8% in the forecast period from 2024 to 2028. The global organic skin care market has undergone significant growth and transformation in recent years, reflecting changing consumer preferences and an increased emphasis on natural, sustainable, and environmentally friendly products. Fueled by factors such as growing awareness of the advantages of organic skincare, shifting lifestyles, and an escalating environmental consciousness, this market has emerged as a lucrative industry with diverse offerings and substantial potential for further expansion.Increasing consumer awareness regarding the potential risks associated with conventional skincare products has been a pivotal driver for the organic skin care market's growth. Many consumers are becoming more mindful of the chemicals and synthetic ingredients present in traditional skincare products, which can lead to skin irritation, allergies, or potential long-term health issues. This heightened awareness has resulted in an escalating demand for organic alternatives that incorporate natural, non-toxic ingredients generally perceived as safer and more skin-friendly.
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Research and innovation play a crucial role in propelling the global organic skincare market forward. North America, in particular, stands out as a hub for research and development, with numerous institutions and companies dedicated to advancing technologies in organic skincare. This commitment to R&D has resulted in the creation of innovative formulations, plant-based actives, and cutting-edge delivery systems that enhance the effectiveness of organic skincare products. The introduction of pioneering ingredients, such as hyaluronic acid, retinol alternatives, and botanical extracts, has expanded the product landscape, attracting a broader consumer base to organic options.
The global organic skincare market is marked by intense competition, as both established players and new entrants strive to capture market share. Established brands have expanded their organic product lines in response to growing consumer demand, while niche and independent brands have entered the market, offering distinctive and specialized formulations. This competitive landscape fosters creativity and innovation, driving the dynamic nature of the market.
Environmental sustainability emerges as another crucial facet influencing the growth of the organic skincare market. With increasing concerns about climate change and environmental degradation, consumers are actively seeking products that align with environmental responsibility. This extends beyond the formulations to encompass packaging and ingredient sourcing. Brands are progressively adopting sustainable practices, including recyclable or biodegradable packaging, responsible ingredient sourcing, and the reduction of their carbon footprint through eco-friendly manufacturing processes.
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The global organic skincare market is categorized by type, gender, sales channel, region, and company.
In terms of type, the face cream & moisturizers segment is the leading player in the global organic skincare market. This dominance is primarily attributed to the universal appeal of these products. Face creams and moisturizers are essential for skin hydration and maintenance in any skincare routine, making them crucial for consumers of all ages and skin types. This broad relevance has consistently propelled the segment's growth, establishing it as a market leader.
Regionally, Asia Pacific holds a significant share in the global organic skincare market. The region experiences a rising awareness of potential hazards associated with synthetic and chemical-based skincare products. Consumers in Asia Pacific are increasingly informed about the ingredients they apply to their skin, leading to a notable shift towards organic and natural skincare alternatives. Brands and manufacturers are actively educating consumers about the advantages of these products, playing a pivotal role in driving market growth.
Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Organic Skin Care Market is expected to grow at a CAGR of 9.8% during the forecast period.
• Organic Skin Care Market has a valuation of US$ 10.48 Billion as of 2022.
• North America currently holds the title of the largest market for Baby Skin Care.
• Europe is anticipated to emerge as one of the most noteworthy markets.
• Asia Pacific is projected to witness the fastest growth in the Organic Skin Care Market throughout the forecast period.
• In terms of type, the cages segment claims the top spot in Organic Skin Care Market share.
• When considering the sales channel, the online retailers segment takes the lead in market share.
• Focusing on the price range, the premium segment secures the highest market share in the Organic Skin Care Market.
Competitive Landscape
The Global Organic Skin Care market report, featuring the provided market data, offers customization options tailored to meet the specific needs of a company. TechSci Research provides the following customization options for the report:
Recent Developments
• In September 2022, Naturals Skincare launched 'Pearl,' a new beauty care brand offering 18 chemical-free organic products for skin and hair care.
• In February 2022, Honasa Consumer introduced Ayuga, a skincare brand rooted in Ayurveda, featuring products crafted from organic ingredients.
• In December 2021, Loreal signed an exclusive agreement to acquire Youth to the People, a California-based skincare company, expanding its portfolio with a focus on clean and sustainable skincare.
Major companies operating in Global Baby Skin Care Market are:
The Hain Celestial Group (Avalon Organics), Jhonson & Jhonson, Starflower Essential Organic Skin Care, Thesis Beauty, Eminence Organic Skin Care, Botanic Organic LLC, Phyt's USA, L'Oreal SA (Garnier), Forrest Essentials, Honasa Consumer Pvt. Ltd (Ayuga, Mamaearth)
Market Segmentation for Baby Skin Care Market
• Organic Skin Care Market, By Type:
o Face Cream & Moisturizers
o Face Cleanser
o Face Serum
o Body Wash
o Others
• Organic Skin Care Market, By Gender:
o Male
o Female
• Organic Skin Care Market, By Sales Channel:
o Supermarkets/Hypermarkets
o Multi-Branded Stores
o Pharmacy & Drug Stores
o Online
o Others
• Organic Skin Care Market, By Region:
o North America
United States
Canada
Mexico
o Europe
France
United Kingdom
Italy
Germany
Spain
o Asia-Pacific
China
India
Japan
Australia
South Korea
o South America
Brazil
Argentina
Colombia
o Middle East & Africa
South Africa
Saudi Arabia
o UAE
Turkey
Egypt
Egypt
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges Faced Post Purchase
4.3. Brand Awareness
5. Global Organic Skin Care Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Face Cream & Moisturizers, Face Cleanser, Face Serum, Body Wash, and Others)
5.2.2. By Gender Market Share Analysis (Male, Female)
5.2.3. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Multi-Branded Stores, Pharmacy & Drug Stores, Online and Others)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. South America Market Share Analysis
5.2.4.3. Middle East & Africa Market Share Analysis
5.2.4.4. Europe Market Share Analysis
5.2.4.5. Asia-Pacific Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Organic Skin Care Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Gender Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Region Channel Market Mapping & Opportunity Assessment
6. North America Organic Skin Care Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Gender Market Share Analysis
6.2.3. By Sales Channel Market Share Analysis
6.3. North America: Country Analysis
6.3.1. United States Organic Skin Care Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type Market Share Analysis
6.3.1.2.2. By Gender Market Share Analysis
6.3.1.2.3. By Sales Channel Market Share Analysis
6.3.2. Canada Organic Skin Care Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type Market Share Analysis
6.3.2.2.2. By Gender Market Share Analysis
6.3.2.2.3. By Sales Channel Market Share Analysis
6.3.3. Mexico Organic Skin Care Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type Market Share Analysis
6.3.3.2.2. By Gender Market Share Analysis
6.3.3.2.3. By Sales Channel Market Share Analysis
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Tea-Based Skincare Market Size: Tea-Based Skincare Market has valued at USD 4.8 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.2% through 2028.
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Asia Pacific Skin Care Market Share: Asia Pacific Skin Care Market has valued at USD 63,132.1 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.5% through 2028.
Browse Report@:
https://www.techsciresearch.com/report/asia-pacific-skin-care-market/4980.html
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About TechSci Research:
TechSci Research is a management consulting firm centered on research, offering global market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value market research and advisory services to clients worldwide. These services aid in identifying new market opportunities, growth strategies, and innovative approaches to secure market share. Consequently, TechSci's clients are positioned as leaders, pioneering market trends rather than merely following them.
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