Organic Personal Care Market To Achieve A High CAGR Of 9.5% During Forecast Period 2014-2025
The global organic personal care market size is expected to
reach USD 25.1 billion by 2025, according to a new report by Grand View
Research, Inc., exhibiting a 9.5% CAGR during the forecast period. Growing
demand for organic and natural hair care, skin care, and cosmetic products is
expected to augment market growth over the projected period.
Approval from human health and safety regulatory
bodies such as the U.S. Department of Agriculture (USDA) and FDA for the use of
organic products in various personal care products is expected to fuel industry
growth. Technological innovations aimed at development of cost-effective
product lines by companies such as The Body Shop, Aveda Corporation, Amway, and
Estee Lauder are expected to remain critical success factors for industry
growth over the forecast period.
Changing consumer perception toward organic
products, coupled with rising utilization of environmentally sustainable
products, has fueled the growth of organically-derived products. Also,
manufacturing of these products aids in reducing pollution by consuming natural
resources and reducing reliance on petroleum-based resources.
Rising demand for chemical-free skin and hair care
products, coupled with changing attitudes of consumers regarding organic
personal care, has also contributed to the growth of the industry. Increasing
consumer disposable incomes has also played a key role in market growth over
the last few years.
Full
Research Report On Global Organic Personal Care Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/organic-personal-care-market
www.grandviewresearch.com/industry-analysis/organic-personal-care-market
Further
key findings from the report suggest:
- Skin care products are expected to witness
significant gain over the forecast period and the segment is anticipated
to expand at a CAGR of over 10.0% from 2016 to 2025. Natural ingredients
provide anti-oxidation properties and improve skin immunity; as a result,
their demand is likely to be greater
- The cosmetics segment generated revenue
exceeding USD 2 billion in 2015 on account of its increasing use among
consumers in India, China, and Brazil. Rising awareness regarding harmful
effects associated with chemical substances is likely to fuel demand for
these products in Germany, France, and U.K.
- North America dominated the global industry and
was valued at over USD 3.5 billion in 2015. Adoption of Montreal Protocol
and Kyoto Protocol in U.S. and Canada for restricting greenhouse gas
emissions has forced personal care manufacturers to utilize natural
ingredients in their products
- Numerous companies are undertaking different
strategic initiatives to increase their global presence in this industry.
For instance, L’Oréal acquired The Body Shop in October 2013 to increase
its share in this sector
- In March 2017, Amway launched a new brand,
G&H, a bath and body brand with three product collections, namely,
Protect, Refresh, and Nourish. The products are “naturally inspired”,
taking inspiration from the company’s organic farms.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-and-fine-chemicals
www.grandviewresearch.com/industry/specialty-and-fine-chemicals
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, 2014 - 2025)
- Skin
care
- Hair
care
- Oral
care
- Cosmetics
- Others
Organic
Personal Care Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-organic-personal-care-market
www.grandviewresearch.com/press-release/global-organic-personal-care-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, 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 healthcare.
For More
Information: www.grandviewresearch.com

Comments
Post a Comment