The market size of organic cosmetics and personal care products is estimated to reach $ 58,615.6 million by 2031, posting a CAGR of 5.3% from 2022 to 2031.
PORTLAND, 5933 NE WIN SIVERS DRIVE, # 205, OR 97220U, UNITED STATES, March 31, 2022 /EINPresswire.com/ – According to a new report released by Allied Market Research, titled “Organic Personal Care and Cosmetic Products Market by Product Type , Consumer and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031 “, the size of the global organic cosmetics and personal care products market is projected to reach $ 58,615.6 million by 2031 with a CAGR of 5.3% from 2022 to 2031.
Globally, awareness of overall personality improvement has increased significantly among individuals. The increase in disposable income has allowed people to spend on personal care products than ever before. Therefore, personal care products have experienced significant demand globally. Even now, due to the lack of awareness of the health risks associated with synthetic / chemical based personal care products, the demand for organic cosmetics was limited. Most consumers were inclined to personal care and organic cosmetics to reduce the health risk associated with synthetic personal care. Personal care and organic cosmetics are made with plant extracts and natural ingredients and contain a minimal / low amount of synthetic ingredients. Therefore, it does not show any negative impact on the human body. Organic cosmetics and personal care products are perceived as safer than regular personal care products.
“The COVID-19 pandemic in 2020 has increased health awareness among the population globally. The overall beauty industry saw a decline of around 8% in 2020, but the cosmetics and organic personal care industry had little or no impact. However, the female population preferred to use less makeup and cosmetics due to the lockdowns and stay-at-home rules and regulations. Partial or complete closure of manufacturing facilities, shortages of manpower, closures of brick-and-mortar stores and supply chain disruptions were some of the major challenges faced by manufacturers during the COVID-19 pandemic. “
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According to the market analysis of organic cosmetics and personal care products, the market is segmented by product type, consumer, distribution channel and region. According to the type of product, the market for organic cosmetics and personal care products is divided into skincare, hair care, oral care, makeup and color cosmetics and others. Based on the consumer, the market is segmented into men and women. Based on the distribution channel, the market is segregated into supermarkets and hypermarkets, department stores, drug stores, brand outlets, online sales and others (multilevel marketing, concept stores and others). As for the region, the market for organic cosmetics and personal care products is analyzed in North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, Poland and the rest of Italy). Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and the rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Argentina, Saudi Arabia and the rest of LAMEA).
Based on the product type, the skin care segment was the leading segment, achieving approximately 32.0% of the market share of organic cosmetics and personal care products in 2020. The skin problem is common among the elderly population and the use of personal care products and organic cosmetics are expected to increase in this population, which would create market opportunities for operators operating in the market. Oral hygiene should be the fastest growing segment. Improved lifestyle of the urban population supported by an increase in disposable income and increased awareness of various oral problems is the main growth factor for the overall growth of the oral care segment.
Depending on the consumer, the female segment dominated the market in 2020. This is attributed to the increase in spending on beauty and personal care products among the female population. The increased demand for organic hair care, skincare and makeup products among the female population should support the importance of this segment during the forecast period.
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According to the forecast of organic cosmetics and personal care products, based on the distribution channel, the online sales channel is expected to show the highest CAGR during the forecast period. The increase in the penetration of e-commerce channels, the increase in the adoption of D2C channels, the growing number of Internet users, the rapid growth of various online retailers and the surge in smartphone adoption are the main factors that stimulate the growth of the online sales segment. Additionally, various online retailers offer huge discounts, easy payment options, fast home delivery, and hassle-free refund and exchange options, which is fueling the adoption of online platforms among consumers.
North America dominated the global market for organic cosmetics and personal care products, accounting for 34.6% of the market share in 2020. According to the market trends of organic cosmetics and personal care products, in the United States United, organic cosmetics and personal care products have long been popular due to the high health awareness among customers. Cosmetic companies are launching herbal products to meet the growing demand for natural products. There is an increase in the number of men using cosmetics in this region due to the increased awareness of beauty among individuals.
Major players analyzed in this report include L’Occitane en Provence, L’Oréal International, Arbonne International, LLC, Burt’s Bee, Estée Lauder Companies Inc., Amway Corporation, Oriflame Cosmetics SA, Yves Rocher, Weleda and Aubrey Organics. These market players are constantly engaged in various development strategies such as mergers, partnerships and new product launches to exploit the opportunities of the organic cosmetics and personal care market and gain market share.
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Main findings of the study:
The skin care segment dominated the global cosmetics and organic personal care products market in 2020 and is projected to reach $ 18,042.7 million by 2031.
Based on consumption, the male segment is expected to grow at a faster pace during the forecast period.
The drugstore segment accounted for 37.2% of the total market share in 2020.
Asia Pacific is expected to see the highest growth, posting a CAGR of nearly 6.1% over the forecast period.
The United States accounted for 26.4% of the market share in the global organic cosmetics and personal care products market in 2020.
Similar ratio: –
Asia Pacific Cosmetics Market https://www.alliedmarketresearch.com/asia-pacific-cosmetics-market
Cosmetics market https://www.alliedmarketresearch.com/cosmetics-market
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