Global Organic Personal Care Products Market Reflecting a CAGR of 9.5% by 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/24/2017 -- Zion Market Research has published a new report titled "Organic Personal Care Products (Skin Care, Hair Care, Oral Care, Cosmetic, and Others) Market – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020." According to the report, global organic personal care products market was valued at around USD 9.2 billion in 2014 and is expected to reach approximately USD 16 billion in 2020, growing at a CAGR of slightly above 9.5% between 2015 and 2020.
The organic personal care products do not contain any toxins and chemicals that suffocate the skin. Organic personal care products are made up of natural ingredients which do not harm the skin. Different herbs like aloevera, azadirachta indica (neeem), plants roots, essential oils like almond oil and flowers are used in the preparation of organic personal care products. Organic personal care products are chemical and pesticide free. With rising concern about health safety, growing green consciousness and awareness among consumers, organic personal care products are growing in demand.
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Organic personal care products are specially made up of natural ingredients obtained from plants. The natural ingredients used in the manufacturing process of personal care products include different herbs like aloevera, azadirachta indica (neeem) etc, plants roots, essential oils like almond oil and flowers. The natural ingredients used in organic personal care products are combined with naturally occurring carrier agents, preservatives, surfactants, emulsifiers and humectants. Organic personal care products do not harm human skin in any way if used in the proper direction. The organic personal care products market is distinguished into different types depending on the use of the product on the body part like skin, hair, oral, and others.
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Organic personal care products market is mainly driven by increasing health awareness across the world. Personal care products market is witnessing paradigm shift from synthetic to organic personal care products. This can be attributed to environmental and health hazards associated with the use of synthetic personal care products, which consists of toxic chemicals such as phthalates, petroleum based chemicals, parabens, aluminum salts, etc. Strong growth in distribution channels and the number of new product launches in developed, as well as emerging economies, are expected to trigger the growth of this industry. However, manufacturers of organic personal care products are expected to face some challenges such as short shelf life and higher prices.
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On the basis of the product type organic personal care products market can be segmented as skin care, hair care, oral care, cosmetic, and others. Organic skin care was the largest product segment in 2014 and accounted for over 32% share of the total demand. However, hair care product segment is expected to exhibit rapid growth during the forecast period as compared to other segments. Oral care is another important segment of this industry. Use of natural ingredients in the making of oral care products helps to protect from gum disease, periodontal disease, and bleeding gums. Therefore, oral care products are expected to propel the growth of this industry over the forecast period.
Organic personal care products market was dominated by North America and accounted for over 35% share of the global market in 2014. North America is followed by Europe and Asia Pacific respectively. Increasing consumption of cosmetic products in emerging economies such as China and India is expected to fuel the growth of organic personal care products market.
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The manufacturers of organic personal care products have a significant impact on the value chain through a higher degree of forwarding integration. These companies manufacture raw materials as well as the final product. Key players operating in this market include The Body Shop, Burt's Bee, Estee Lauder, The Hain Celestial Group, Yves Rocher, Amway, Aveda Corp., Arbonne International, Kiehl's, Natura Cosméticos S.A., and L'Occitane en Provence.
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