A
recent report published by Infinium Global Research on organic skincare market
provides in-depth analysis of segments and sub-segments in the global as well
as regional organic skincare market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional organic skincare
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global organic skincare market.
According to the report, the global organic skincare market was nearly worth
USD 5.8 billion in 2021 and is expected to reach over USD 8.2 million by 2027,
growing with a CAGR of 6.08% over the forecast period of 2021-2027.
Organic
skincare is the formulation of cosmetic products using organically farmed
ingredients. These ingredients are grown without the use of herbicides,
synthetic fertilizers, Genetically Modified Organisms (GM), and more. As more
people are becoming conscious of lifestyle choices, being mindful about what is
applied on the skin is a natural next step. Well-being remains the
all-encompassing factor that transcends the whole organic sector. With wellness
and a lifestyle choice, people are expecting brands to follow holistically
‘look and feel healthy’. It is vital that beauty products are effective, and as
the organic beauty industry continues to grow, brands are now able to evidence
their products to be as effective as their non-organic counterparts.
The
growing consumer awareness about health and wellness owing to the growing
number of beauty blogs and social media accounts dedicated to the benefits of
going organic is primarily driving the growth of the organic skincare industry.
The impact of the beauty influencers who have a large following on social media
are influencing the purchase of these organic skincare products. These young consumers
are no longer just seeking brand names but meaning over materialism but also
are demanding brands with a point of view and more authenticity, transparency,
and sustainability. So labels that flaunt creds such as ‘natural’, ‘organic’,
‘vegan’, and ‘against animal testing’ are finding ready takers. Hence,
awareness about the harmful effects of chemicals and synthetic products is
augmenting the growth of this market. Furthermore, the online platform is one
of the key sources used by consumers to search for the best suitable products
which may not be available in malls and retail stores. Hence, e-commerce is one
of the prominent factors propelling growth in the global organic skincare
market. The growing initiatives by companies to create a sustainable demand for
organic skincare products in this region are also driving the growth of the
market. SoulTree, for instance, creates a sustainable demand for organic herbs
grown by small farmers, especially women, in Uttarakhand.
However,
the high cost of organic skincare products may become a restraining factor to
the growth of the market. In spite of the availability of excellent quality
natural plant-derived ingredients, manufacturers of organic personal care
products are still facing some challenges. Microbial contamination in skincare,
products leads to instability such as product separation, discoloration, and
formation of gasses and odors. Non-availability of the proper type of natural
preservatives effective for all the spectrum of the microorganisms which can
guarantee a prolonged shelf life without toxic side effects is one of the most
challenging problems which natural personal care products face. Moreover,
product innovations to increase the effectiveness of organic skincare products
will provide a significant growth opportunity for the market.
Asia-Pacific
dominates the organic skincare market. Growing investment in branding and
advertisement of organic skincare products in the region is attributing to the
growth of the market in this region. Moreover, in Asia-Pacific, China has
dominated the market, followed by Japan, India, South Korea, and others. Apart
from China, South Korea is also a dominant organic skin care market in the
world. In terms of per capita spending, South Korea is anticipated to remain as
the top spending country in the global market.
The
report on global organic skincare market covers segments such as type, and
distribution channel. On the basis of type, the sub-markets include facial
care, and body care. On the basis of distribution channel, the sub-markets
include supermarkets/hypermarkets, convenience stores, specialist stores,
online retail stores, and other distribution channels.
The
report provides profiles of the companies in the market such as L'Oreal,
Procter and Gamble, Avon Products Inc, The Estee Lauder Companies Inc, Johnson
& Johnson, Kao Corporation, Private Label, Jergens, The Body Shop
International PLC, and Others.
The
report provides deep insights into the demand forecasts, market trends, and
micro and macro indicators. In addition, this report provides insights into the
factors that are driving and restraining the growth in this market. Moreover,
The IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of organic skincare market. Moreover, the
study highlights current market trends and provides forecast from 2021-2027. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.