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Organic Personal Care Market: Global Trends & Future Outlook | 2024 To 2033 Key Players Aveda Corporation, Burt's Bees Inc., Estée Lauder Companies Inc., Amway Corporation, Bare Escentuals Beauty Inc.
Organic Personal Care Market Share
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According to The Business Research Company's, 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 Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
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
Organic Personal Care Market 2024 Key Insights:
• 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 Rise Of Organic Beauty Fuels Growth In The Organic Personal Care Market
• Innovative Organic Personal Care Products
• North America was the largest region in the organic personal care market in 2023
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