The global market for organic personal
care is expected to reach USD 15.98 billion by 2020, according to a new
study by Grand View Research, Inc. Increasing consumer awareness
regarding the benefits offered by organic products is expected to be a
key factor in developing market demand over the next six years. Product
innovation, especially in the field of herbal extracts, antioxidants and
exfoliants is expected to provide consumers with an array of products
to choose from. Favorable regulations pertaining to use of organic
products and increasing purchasing power in Asia Pacific is expected to
serve as growth opportunity for this market over the forecast period.
Skin care was the largest product
segment in terms of revenue in 2013, and accounted for over 32% of
global revenue, estimated at USD 2.73 billion, growing at a CAGR of 9.8%
from 2014 to 2020. Increasing awareness among consumers regarding
harmful effects of synthetic products on the body coupled with high
appearance consciousness has fuelled the demand for organic skin care
products. In addition, frequent product launches and widening of
distribution channels is further expected to raise the demand over the
forecast period. Hair care was the second largest product segment and
accounted for around 25% of market share in terms of revenue in 2013.
The market is expected to witness significant growth, at an estimated
CAGR of 9.6% from 2014 to 2020.
The report “Organic Personal Care Market
Analysis By Products (Skin Care, Hair Care, Oral Care, Cosmetics) And
Segment Forecasts To 2020,” is available now to Grand View Research
customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/organic-personal-care-market
Further key findings from the study suggest:
• In terms of revenue, North America
dominated the global market accounting for over 35% of total market
revenue, valued at USD 2.95 billion in 2013. The market is expected to
witness swift growth at an estimated CAGR of 9.8% from 2014 to 2020 due
to easy availability of products provided by various multinational and
domestic companies.
• In Europe, Germany and France accounted for over 30% of market demand in 2013 and are expected to witness rapid growth, at an estimated CAGR of 10.0% and 9.6% from 2014 to 2020, respectively owing to increase in affluent population and awareness of benefits related to organic products.
• Asia Pacific organic personal care market revenue was estimated at USD 2.01 billion in 2013, and is expected to reach USD 3.77 billion in 2020, with significant growth rate of CAGR 9.3% from 2014 to 2020, owing to increasing demand in Japan due to its cultural belief of using organic and natural products.
• Key participants in global organic personal care market include Bare Escentuals, The Body Shop, Estee Lauder, Burt’s Bee, The Hain Celestial Group, Amway, Yves Rocher, Aveda Corp., Kiehl’s, Arbonne International and Natura Cosméticos S.A.
• In Europe, Germany and France accounted for over 30% of market demand in 2013 and are expected to witness rapid growth, at an estimated CAGR of 10.0% and 9.6% from 2014 to 2020, respectively owing to increase in affluent population and awareness of benefits related to organic products.
• Asia Pacific organic personal care market revenue was estimated at USD 2.01 billion in 2013, and is expected to reach USD 3.77 billion in 2020, with significant growth rate of CAGR 9.3% from 2014 to 2020, owing to increasing demand in Japan due to its cultural belief of using organic and natural products.
• Key participants in global organic personal care market include Bare Escentuals, The Body Shop, Estee Lauder, Burt’s Bee, The Hain Celestial Group, Amway, Yves Rocher, Aveda Corp., Kiehl’s, Arbonne International and Natura Cosméticos S.A.
For the purpose of this study, Grand
View Research has segmented the global organic personal care market on
the basis of product and region:
• Organic Personal Care Product Outlook (Revenue, USD Million, 2012 - 2020)
• Skin Care
• Hair Care
• Oral Care
• Cosmetics
• Other Products
• Organic Personal Care Region Outlook (Revenue, USD Million, 2012-2020)
• North America
• Europe
• Asia Pacific
• RoW
• Skin Care
• Hair Care
• Oral Care
• Cosmetics
• Other Products
• Organic Personal Care Region Outlook (Revenue, USD Million, 2012-2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a market
research and consulting company that provides off-the-shelf, customized
research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research
provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone:
1-415-349-0058
Email: sales@grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone:
1-415-349-0058Email: sales@grandviewresearch.com
