Organic Skin Care Market is estimated to reach USD 12.58 billion by 2022 owing to the growing demand for organic cosmetics worldwide. Organic skin care products are made from plant-derived and naturally occurring ingredients, which are cultivated with no pesticides, synthetic fertilizers, herbicides, genetically modified fertilizers (GMO), etc. under organic certification.
Organic
skin care products offer benefits like reduced risk of skin irritation and
allergies due to zero percent chemicals inclusion. The environment-friendly
products contain organic essential oils, vegetable oils, essential fatty acids,
and vitamins. They come with various labels that display the quantity of
organic ingredients used in them. Consumer inclination towards organic skin
care products contributes to a positive CAGR in the forecast period.
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The
major factors driving organic skin care industry is inclusive of rise in consumer
awareness about organic products, increase in disposable income, growing
e-commerce industry and expansion of distribution channels. Men and women
prefer cosmetics and personal care across the globe. Extreme climate conditions
have surged the adoption of skin care products like sunscreen, moisturizing
creams and lotions. Additionally, the growing trend for using sun care and skin
care products by men have increased the demand for sun and skin care category.
From
among all the categories, hair care segment offers the most lucrative offers
for both men and women. Owing to the increased number of working women, the
sale of color cosmetics is also considerably increasing over the years. The
growing skin health awareness among consumers is expected to eventually
contribute to the growth of organic skin care market.
The
rise in informed consumer ultimately accelerates the growth of organic skin
care products. The key reason behind the growth of informed consumers is the
exposure to reliable information and rising awareness of products and services
via television, internet, and other sources of information. This trend is
prevalent even in emerging nations like China and India. The top organic skin
care industry players are adopting different strategies to sustain market
positions.
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The
primary strategy adopted by the players is expansion followed by acquisition.
The significant costs associated with organic skin care products and short
shelf life are the restraining factors for the growth of the market. Progress
in organic skin care products and improved standards of living are predicted to
introduce new market opportunities. However, the prevalence of advanced beauty
treatments and skin problems concerning organic cosmetics are projected to
challenge the organic skin care market growth in future.
The
market is categorized on the basis of type, gender, point of sale and
geography. On the basis of type, the market is divided into facial care,
make-up, hair care, and body care. Facial care segment is expected to be on
rise in future as well owing to the growing skin conditions. Based on gender,
organic skin care industry is divided into men and women. In terms of point of
sale, the market is classified into exclusive retail stores, supermarkets &
hypermarkets, online channels, beauty parlors & salons, and multi branded
retail outlets.
Geographically,
organic skin care market is segmented as North America, Latin America, Europe,
Asia Pacific, and Middle East & Africa. Asia Pacific is predicted to
dominate the market owing to the increase in demand for clean label products,
rising consumer awareness about skin health, rising middle class income,
improved standard of living in developing regions.
The
prominent players in organic skin care industry comprise L'Oreal, Procter and
Gamble, Avon Products Inc., The Estee Lauder Companies Inc., The Body Shop
International PLC., Jergens, Johnson & Johnson, Kao Corporation, and
Private Label.
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