News of Organic Industry
According to a new report published by Allied Market Research titled, "World Organic Personal Care and Cosmetic Products Market" the world organic personal care and cosmetic products market is expected to reach $19.8 billion by 2022, registering a CAGR of 10.2% from 2016 to 2022. Increasing interest towards beauty and personal care coupled with growing health awareness are the key growth propellants of organic personal care and cosmetic products market. North America was the largest market, accounting for approximately 35% of the global market revenue, followed by Europe in 2015. Asia-Pacific is estimated to register the highest CAGR of 11.1% during 2016-2022.
Organic personal care and cosmetics products made from plant extracts and natural ingredients, contain minimal/low amount of synthetic ingredients. Therefore, these products are perceived as being safer and more beneficial than regular personal care and cosmetic products. Government organizations in various countries are encouraging the use of organic ingredients over synthetic in cosmetic products, thereby supplementing the market growth. Skin care, hair care and makeup cosmetics are widely used organic care products, collectively accounting for nearly four-fifths of the global organic personal care and cosmetic products market in 2015.
Operating players in the market are investing in research and development in order to introduce innovative products in the market. The players in the market majorly sell their products through supermarkets, brand outlets, departmental stores, drug stores, non-store retail formats and concept stores. Retail channel generated the highest revenue in the global market. However, owing to high penetration of the internet worldwide coupled with ease of availability and attractive discounts, consumers have been preferring to buy through online sales channel. This trend would ultimately boost online sales of organic personal care and cosmetic products during the forecast period.
In North America, the highest demand of organic personal care and cosmetics products is registered from the U.S., owing to a higher awareness of the benefits associated with organic cosmetic products. Europe has been continuously exhibiting rising demand for organic personal care and cosmetics. Germany, France and United Kingdom consolidated the majority of the market share in 2015. Asia-Pacific region is emerging as a promising organic personal care and cosmetics products market across the world. Currently, Japan and China constitute the largest share in this regional market.
Tags: organic personal care , organic cosmetic products