Industry Trend Analysis
In 2012, the global organic personal care market was evaluated around USD 7.67 billion and is expected to reach approximately USD 20.88 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 10.53% over the forecast period owing to rising awareness amongst the consumers concerning personal health safety is anticipated to sustain the growth of market during the forecast years. Declining utilization of hazardous chemicals such as aluminum salts, phthalates, and parabens along with dedicated efforts from several multinational companies of changing in the direction of sustainable products have led to rising personal care organic products consumption. Though, instability in raw material availability is anticipated to cause a threat during the projected period. Superior lifestyle standard along with increasing disposable earnings of the middle-class working population in developing countries of Asia-Pacific like Malaysia, China, and India is projected to drive the industry growth. Constantly on-going R&D along with technological innovations in the field of processing as well as cost-effective manufacturing are major responsible factors for augmenting market growth during the last few years and the drift will carry on during the next few years. Authorization from human health & safety regulatory organizations like FDA and the United States Department of Agriculture (USDA) for the utilization of bio-based and organic ingredients is anticipated to fuel the growth of the global market. Growing R&D for the advent of customized and advanced products is projected to unlock novel opportunities during the next few years. Rising R&D spending to establish improved animal and plant extracts into a variety of products are expected to encourage market demand during the projected period. Moreover, strict regulations encouraging the utilization of organic constituents in the skincare industry are prone to drive the growth of global organic personal care market. Technological advancements including oligopeptide which is utilized to boost shelf life and efficiency of products are predicted to impact the global market positively.
Product Outlook and Trend Analysis
In 2015, organic skincare products ruled the demand of the global market, and the revenue produced by section beyond USD 3 billion. Growing significance of organic ingredients like vegetables, fruits, and herbs in skincare products along with anti-aging characteristics is anticipated to boost the organic personal care products demand. Organic hair care products are expected to grow at a compound annual growth rate of around 9% over the forecast period. The rising significance of organic ingredients for rendering shining effect, hair fall control and dandruff protection is projected to impact the industry favorably. Besides, these organic products do not have any chemical content like paraben, ammonia, and sulfur, promoting its significance over artificially-derived equivalents during the projected period. In 2015, oral care products reported for around 12% of the global market revenue. Utilization of natural elements in the preparation of oral care products aids to protect next to periodontal disease, bleeding gums, and gum disease. Corresponding to the same, organizations like Hindustan Unilever and Colgate-Palmolive have integrated herbal substances like clove and neem in their products.
Regional Outlook and Trend Analysis
In 2015, the North American regional market reported for around 35% of the market revenue share. Profitable opportunities in Mexico considering rising cosmetic products consumption in the middle of launches of the innovative product by FMCG producers is anticipated to impact positively during the next few years. In 2015, Europe surpassed USD 2.5 billion. Growing preference towards the products which are organically derived over artificial equivalents is projected to impact the market favorably during the projected period. Moreover, sustaining regulatory structure for the utilization of organically-derived products is anticipated to drive the growth of the global market in this region during the projected period. Asia-Pacific region is predicted to experience significant growth over the projected period. Rising cosmetic products consumption in developing countries such as India and China considering new product launches combined with growing concerns towards hair fall, aging and UV effects will boost organic personal care market growth.
Competitive Outlook and Trend Analysis
The key market participants in the global organic personal care market are; L'Occitaneen Provence, Bare Escentuals, Burt’s Bee, The Hain Celestial Group, Estee Lauder, Yves Rocher, Aveda Corp., Amway, Arbonne International, Natura Cosméticos S.A., Kiehl’s, and The Body Shop. L’Oreal and The Body Shop are merged over the total value chain. These participants treat the raw materials following which they use them for the manufacturing of a range of organic lotions, conditioners, shampoos, and creams. The market is also distinguished by new product launches.
The global organic personal care marketis segmented as follows –
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
· What was the market size in 2012 and forecast from 2013 to 2022?
· What will be the industry market growth from 2013 to 2022?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?