The global organic personal care market was valued at US$10.9 bn in 2017 and is expected to rise to US$18.7 bn by 2022 at a strong 11.3% CAGR therein.
Albany, NY -- (SBWIRE) -- 10/18/2017 -- As organic skincare is becoming popular, the number of companies selling this product is also on a rise. Organic personal care product vendors customarily target perfectionists, and brand conscious, brand loyal and novelty conscious users, who are more likely to choose organic and natural cosmetic products over synthetic products. Increased health awareness amongst the global population has become a key factor pouring demand for natural as well as organic products in the personal care products market. Considering these facts, a new research report titled "Organic Personal Care Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022" has been added to the vast repository of Market Research Hub (MRH). Geographically, the report examines the presence of the organic personal care market in Latin America, Europe, Asia Pacific except Japan, North America, Japan and the Middle East and Africa.
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According to the study findings, the organic personal care market is expected to grow at a steady rate. In 2017, the market was valued at US$10.9 bn in 2017. Exhibiting a strong 11.3% CAGR over the 2017-2022 forecast period, the market is likely to reach a valuation of US$18.7 bn by 2022. Besides, in terms of geographical overview, North America is likely to dominate the global organic personal care market in the coming years. Analysts estimate that the valuation of the global market was worth US$3.4 bn in 2017, which is expected to rise to US$5.8 bn by 2022.
This study offers insights into the market dynamics and trends of various regional markets that are influencing the current nature and future dynamics of the global organic personal care market during the forecast period. Some of the prime factors identified for the North American region dominance include a widespread presence of modern sales channels, which has made purchasing organic personal care products easier, and high disposable income of consumers. Apart from this, growing awareness among consumer in the Europe region about the benefits of organic cosmetic products over conventional products has also grown, due to this Europe also exhibit steady progress in the global organic personal care market.
Moving further, the report provides a detailed discussion on the prospects of the leading segments of the global organic personal care market from 2017 to 2022. The following section includes market segmentation by product type, sales channel, gender, and geographical segmentation. Product type include hair care products, skin care products, makeup and color cosmetics, and fragrances, Of the several organic care products, the hair care products segment has benefited from their prevalent demand and growing need due to rising pollution levels and is likely to retain steady dominance in the global organic personal care market in the coming years. By sales channel, the market has been segmented into professional salons, online stores, modern trade channels, drug stores, specialty stores, and others.
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Later, the study includes profiles of key companies operating in the global organic personal care market include Estee Lauder, Johnson and Johnson Consumer Inc., The Body Shop, The Hain Celestial Group, Amway, Kao Corporation, LOccitane en Provence, Natura Cosmeticos SA, Kiehls and Loreal SA.
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