Albany, NY -- (SBWIRE) -- 02/18/2014 -- The global demand for organic personal care products Market was over $7.6 billion in 2012 is expected to reach $13.2 billion by 2018, growing at a CAGR of 9.6% from 2012 to 2018.
The global organic personal care products market witnessed steady growth in recent years due to increasing consumer concerns regarding personal health and hygiene. In addition, widening distribution channels and new product development are the other factors that contribute to the market growth. However, limited shelf life, raw material supply and a stringent regulatory scenario are expected to be key challenges to market growth over the next five years.
Skin care products dominated the demand in the global organic personal care products market in 2011, with a 32.1% share, followed by hair care and cosmetics segments. In terms of revenue, the market for organic skin care products is expected to grow at a rate of 9.9% from 2012 to 2018. Demand for the three segments increased due to the entry of large multinationals in the organic personal care products space giving them tremendous visibility and increasing their accessibility across varied consumer segments. The three segments are also expected to dominate the global organic personal care market in the coming years.
North America accounted for 34.8% of the global demand in 2011 and is expected to grow at a CAGR of 9.8% from 2012 to 2018. Europe and Asia Pacific followed North America in terms of organic personal care product consumption. This dominance is driven by new product launches and widening distribution channels. Asia Pacific is expected to be the fastest-growing region at an estimated CAGR of 9.7% from 2012 to 2018, due to rising consumer incomes, changing lifestyles and increasing awareness and demand for organic personal care products. Japan and China dominated the Asia Pacific market, together accounting for over 64% market revenue in 2011.
At the country level, the U.S. was the largest market for organic personal care products followed by Japan and Germany. The U.S. demand for organic products is estimated to grow at a CAGR of 10.2% from 2012 to 2018. Strong awareness about the efficacy of organic personal care products and lifestyle changes are key drivers in this region. Countries such as India, China, Brazil and Mexico offer huge market opportunities for organic personal care products as well. Some of the leading brands in the organic personal care products market include Bare Escentuals, Aveda, Burt's Bee, Origins, Kiehls, The Body Shop, and others.
Source : http://www.transparencymarketresearch.com/organic-personal-care-products.html
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453