North America and Europe have a significant contribution to the growth of the organic cosmetics and personal care products market
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According to a new report published by Allied Market Research, titled “Personal Care and Organic Cosmetics Market By Product Type, Consumer and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031”, the global organic cosmetics and personal care products market size is expected to reach USD 58,615.6 million. by 2031 with a CAGR of 5.3% from 2022 to 2031 Globally, awareness regarding overall personality enhancement has increased significantly among individuals. The increase in disposable income has allowed individuals to spend more on personal care products than in the past. Consequently, personal care products have seen a large demand globally. Even now, due to the lack of awareness of the health risks associated with synthetic/chemical based personal care products, the demand for organic cosmetics was limited. Most consumers are turning to organic personal care and cosmetics to reduce the health risks associated with synthetic personal care. Organic personal care and cosmetics are made from plant extracts and natural ingredients and contain minimal/low amount of synthetic ingredients. Thus, it does not show any negative impact on the human body. Organic personal care products and cosmetics are perceived to be safer than regular personal care products.
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“The COVID-19 pandemic in 2020 has heightened people’s health awareness around the world. The overall beauty industry saw a decline of around 8% in 2020, but the personal care and organic cosmetics industry had little or no impact. However, the female population preferred to use less makeup and cosmetics due to lockdowns and stay-at-home rules and regulations. Partial or complete closure of manufacturing facilities, lack of workforce, closure of physical stores and supply chain disruptions have been some of the major challenges manufacturers have faced during the pandemic. of COVID-19.
According to the Organic Personal Care and Cosmetics Market analysis, the market is segmented on the basis of product type, consumer, distribution channel, and region. On the basis of product type, the organic cosmetics and personal care products market is divided into skin care, hair care, oral care, makeup and color cosmetics, etc. On the basis of consumer, the market is segmented into male and female. Based on the distribution channel, the market is divided into supermarkets and hypermarkets, department stores, pharmacies, branded outlets, online sales and others (multi-level marketing, concept stores and others). Regionally, the Organic Personal Care and Cosmetics Market is analyzed across North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, and Rest of Europe). Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Argentina, Saudi Arabia and Rest of LAMEA).
Based on product type, skincare segment was the leading segment, garnering around 32.0% of the organic personal care and cosmetics market share in 2020. Skin problems are common among the aging population and the use of organic personal care and cosmetics. is expected to increase in this population, which would create market opportunities for the players operating in the market. Oral care is expected to be the fastest growing segment. Improved lifestyle of the urban population supported by increased disposable income and increased awareness of various oral problems is the major driving force behind the overall growth of the oral care segment. According to the consumer, the female segment dominated the market in 2020. This is attributed to the increase in spending on beauty and personal care products among the female population. Rising demand for organic hair care, skin care and makeup products among the female population is expected to maintain the importance of this segment during the forecast period.
According to the organic cosmetics and personal care products forecast, on the basis of the distribution channel, the online sales channel is expected to show the highest CAGR during the forecast period. Rising penetration of e-commerce channels, rising adoption of D2C channels, growing number of internet users, rapid growth of various online retailers, and rising adoption of smartphones are the major factors driving the growth of the Online Sales segment. . Additionally, various online retailers offer huge discounts, easy payment options, fast home delivery, and hassle-free refund and replacement options, which is fueling the adoption of online platforms by consumers.
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North America led the global organic personal care and cosmetics market, accounting for 34.6% of the market share in 2020. According to the organic personal care and cosmetics market trends, in the United States , organic personal care and cosmetic products have long been popular due to the high health consciousness of customers. Cosmetic companies are launching herbal products to meet the growing demand for natural products. There is an increase in the number of men using cosmetics in this region due to increased awareness of beauty among individuals.
The key players analyzed in this report are L’Occitane en Provence, L’Oreal International, Arbonne International, LLC, Burt’s Bee, Estée Lauder Companies Inc., Amway Corporation, Oriflame Cosmetics SA, Yves Rocher, Weleda and Aubrey Organics. These market players are constantly engaged in various development strategies such as mergers, partnerships, and new product launches to exploit the opportunities in the organic cosmetics and personal care products market and gain market share.
Main conclusions of the study:-
The skincare segment dominated the global organic cosmetics and personal care products market in 2020 and is expected to reach USD 18,042.7 million by 2031.
On the basis of consumption, the men’s segment is expected to grow at a faster rate during the forecast period.
The pharmacy segment accounted for 37.2% of the total market share in 2020.
Asia-Pacific is expected to see the highest growth, registering a CAGR of almost 6.1% during the forecast period.
The United States accounted for 26.4% of the market share in the global organic cosmetics and personal care products market in 2020.