Press release
Organic Personal Care Market Growth Trends, New Opportunities And Scope 2033
Organic Personal Care Market
The Business Research Company offers in-depth market insights through Organic Personal Care Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The organic personal care market size has grown rapidly in recent years. It will grow from $21.3 billion in 2023 to $23.56 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increased awareness of health and wellness, rise in demand for natural and chemical-free products, growing concerns about synthetic ingredients in personal care, influence of eco-friendly and sustainable consumer choices, expansion of organic and natural product certifications.
The organic personal care market size is expected to see rapid growth in the next few years. It will grow to $35.13 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rise in disposable income and consumer purchasing power, growing preference for sustainable and ethical beauty practices, adoption of organic personal care products in emerging markets, increased focus on transparency and traceability in supply chains, growth in popularity of cruelty-free and vegan beauty products. Major trends in the forecast period include development of hybrid products combining organic and technology-driven ingredients, expansion of gender-neutral and inclusive organic personal care lines, integration of probiotics and fermentation in skincare formulations, customization of organic personal care products for individual needs, technological advancements in organic product formulation.
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Market Segmentation:
The organic personal care market covered in this report is segmented -
1) By Product: Skin Care, Hair Care, Oral Care, Nail Care, Fragrances, Other Products
2) By Consumer: Men, Women
3) By Distribution Channel: Hypermarket or Supermarkets, Specialist Retail Stores, Online Retail Stores, Other Distribution Channles
Major Driver - The Rise Of Organic Beauty Fuels Growth In The Organic Personal Care Market
The increase in preference for organic products is the key factor driving the growth of the organic personal care market. Organic beauty products primarily consist of certified organic ingredients with various medicinal benefits and no or minimal side effects that meet privacy standards. Consumer demand for organic goods has perhaps had the most measurable impact on the organic personal business to date. Companies are developing new products and reformulating existing offers that largely incorporate organic products to capitalize on the expanding land-to-face movement's huge growth potential. For instance, in July 2021, a survey carried out by Prodge, a US-based marketing and consumer insights platform, showed that 34% of consumers preferred to buy natural and organic skincare when given the option to do so. Hence, increasing preference for organic products will propel the growth of the organic personal care market going forward.
Competitive Landscape:
Major companies operating in the organic personal care market report are Aveda Corporation, Burt's Bees Inc., Estée Lauder Companies Inc., Amway Corporation, Bare Escentuals Beauty Inc., Body Shop International Limited, Yves Rocher SA, Beiersdorf AG, Neutrogena Corporation, Thesis Beauty - Organic, Vegan, Eco-Friendly Skincare, Natura Cosmeticos SA, Weleda AG, Expanscience Laboratories, Pechoin Cosmetic Co. Ltd., Eminence Organic Skincare Inc., Shea Terra Organics LLC, L'Oréal SA, Korres Natural Products SA, Groupe Yves Rocher, The Hain Celestial Group Inc., Arbonne International LLC, Aubrey Organics Inc., Dr. Bronner's Magic Soaps, Desert Essence, Avalon Organics, California Baby LLC, Earth Mama Organics LLC, Essential Oils Products, Juice Beauty Inc., Nourish Organic Inc., Tata Harper Skincare, Alba Botanica Inc., Andalou Naturals manufactures eco-friendly consumer products, W. S. Badger, John Masters Organics Inc., Acure Pharma Private Limited
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Top Trend - Innovative Organic Personal Care Products
Product innovation is the key trend gaining popularity in the organic personal care market. Major companies operating in the organic personal care sector are focused on investing in new product innovations to establish their strong presence in the market. For instance, in February 2021, Beiersdorf AG, a Germany-based personal-care products company, launched personalized face care with the launch of the new brand O.W.N. The launch of O.W.N. strengthens companies' focus on organic, personalized skincare innovations, based on individual needs and scientific findings. O.W.N uses artificial intelligence and is built around a proprietary algorithm that brings together Beiersdorf's profound 140 years of skincare expertise and consumer knowledge.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Organic Personal Care Market Characteristics
3. Organic Personal Care Market Trends And Strategies
4. Organic Personal Care Market - Macro Economic Scenario
5. Organic Personal Care Market Size And Growth
…..
27. Organic Personal Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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