Global Organic Personal Care Ingredients Market is expected to register growth at a CAGR of 5.35% from 2020-2026
Published | 13 April 2020
Global OrganicPersonal Care Ingredients witness market size of USD 8.12 Billion in 2019 and predicted to reach USD 11.7 Billion by 2026 with a significant CAGR of 5.35% during the forcast period 2020-2026. The antioxidant properties and the existence of herbal extracts in natural and organic personal care products are contributing to the popularity of the products among the consumers. Therefore, due to the various benefits, the demand for organic personal care products that are derived from natural ingredients is growing rapidly among men and women. The organic personal care and cosmetic products are used by various individuals globally. Extreme weather conditions have increased the adoption of skin care products such as sunscreen creams, moisturizing creams and lotions, and lotions. Additionally, increasing trend of using skin and sun care products by men have also contributed to the sales of personal care products increasing health awareness among consumers would eventually contribute to the growth of the global organic personal care and cosmetics market.
Increasing beauty concerns and demand for multifunctional
ingredients offers the opportunities to the market
The spending capacity of individuals has increased specigically in the urban area of both developed and developing nation. The increasing usage of cosmetic products by individuals is responsible due to the intense climatic conditions across several region. Concerns regarding beauty and appearances has increased the popularity of these products. Moreover, the increasing demand for better functionality and various benefits from a single product is a key factor boosting the demand for multifunctional ingredients in personal care products. The increasing beauty consciousness and health awareness has encouraged various operating players to put effoerts into launching several organic personal care products, thereby supplementing the market growth.
It is projected
that the skin care application will grow at highest rate. The increasing demand
for organic skin care products is rising among customers due to its various
benefits. The organic skin care products are preferred by the customers as the
many conventional products contains endocrine-disrupting chemicals such as
sodium lauryl sulfate, phthalates, and parabens. These known carcinogens can
wreak havoc on the reproductive, immune, and endocrine systems. The more
products are used, the higher toxic concentrations can enter and collect in the
body causing problems down the line. Therefore, the consumers are inclined
towards the organic skin care products leading to the growth of the segment.
Organic skin care is prepared with ingredients that achieve the same standards as organic food. This means no
harsh pesticides, chemicals, or fertilizers. The customers choose organic skin
care products as its ingredients work in harmony with the body, allowing the
skin to better balance and repair itself. These factors are driving the growth
of skin care segment in the organic personal care ingredients market.
Asia Pacific is expected to witness rapid
growth in the Global Organic Personal
Care Ingredients market
Asia Pacific represented the largest share of the global Organic
Personal Care Ingredients market and is
projected to witness rapid growth over the forecast period. The organic
personal care ingredients market in India is expected to expand at a
significant pace. Consumption of hair care, skin care and cosmetic products is
increasing in China and India in the past few years owing to increasing
concerns about aging, effects of UV rays, and hair fall. Growing consumption of
organic personal care products in the region, due to rising awareness about
positive impact of natural ingredients such as neem and turmeric is
contributing to the growth of the regional market. Additionally, favorable
regulatory support in Mexico for new investments in the personal care market is
expected to open new opportunities for market growth during the forecast
period.
Global
Organic Personal Care Ingredients Market:
Competitive Landscape
The
major market players in the Organic Personal Care Ingredients market are Galaxy Surfactants Ltd., Croda
International plc, Cargill, Inc., Agrana Beteiligungs-AG, Evonik Industries,
Clariant International Ltd., BASF SE, AkzoNobel, GatteFosse SAS, Lubrizol
Corporation, DowDuPont, Koninklijke DSM N.V., Seppic S.A., Floratech, Lucas
Meyer Cosmetics, Alban Muller International SAS, Rita McQueen Products, Vivimed
Labs Ltd., Silab, and other prominent players. These vendors have adopted
various startegies to expand their offerings in the market.
Get Help
Relevant Press Releases
- Global Automotive Infotainment Market – Trends & Forecast, 2019-2025
- Global Water Jet Cutting Machinery Market will drive by increase in automation activities in the manufacturing and automotive industry
- Rising awareness regarding oral hygiene and increasing prevalence of dental problems will boost the mouthwash Market
- Poland Industrial Lubricants Market Research Report– Forecast to 2025
- Rising concern of chronic diseases, Government support, and increasing health concern propels the demand for fish oil market globally