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.
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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.
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Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growing penetration across furniture industry
3.2.1.2. Rising demands of printing inks
3.2.2. Restraints
3.2.2.1. Rising automotive coating substitutes
3.2.3. Opportunities
3.2.3.1. Development of Advanced printing inks
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