Organic Personal Care Products Market To Register Substantial Expansion By 2032
According to MRFR reports, global organic personal care products are projected to attain a valuation of over USD 32.71 Bn by 2032. The report further suggests that the market will thrive at a healthy CAGR of approximately 6.10% during the assessment era from 2023 to 2032.
Organic Personal Care Products are derived using ingredients that have been approved as organic by authorized certifying agencies. Organic ingredients used in the production of personal care products are produced without the use of synthetic chemical compounds. The global market for organic personal care products has recorded enormous growth in recent times. The market's growth is attributed to the growing consumer inclination towards organic personal care products owing to the rising consumer awareness related to the adverse effects of synthetic personal care products.
Segment Analysis
The global Organic Personal Care Products Market has been fragmented into various segments based on distribution channel, product type, and region.
Based on the distribution channel, the organic personal care products market is divided into non-store-based and store-based.
Based on the product type, the global market for organic personal care products is split into fragrances, oral care, skincare, nail care, hair care, and others.
Regional Analysis
The global market for organic personal care products is analyzed across five major regions: North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
As per the research reports by MRFR, the European region is anticipated to lead the global organic personal care products market over the assessment era. The region is further divided into Spain, Italy, France, Germany, the UK, and the rest of Europe. The regional market's growth is attributed mainly to the growing consumer awareness concerning the multiple benefits of organic personal care products. Furthermore, the technological upgrades and advanced product development are also anticipated to boost the regional market's growth over the coming years.
The Asia-Pacific region's organic personal care products market is likely to exhibit enormous growth over the forecasted era. The region is further categorized into Australia, New Zealand, Japan, India, China, and the rest of Asia-Pacific. The regional market's growth is accredited to the growing consumer awareness regarding the health benefits of organic personal care products and the increasing per capita disposable income.
Competitive Analysis
The global market for organic personal care products is recognized for the presence of the wide number of players spread worldwide. The players across the global market are making heavy investments to launch innovative products to meet the enormous demand worldwide. Due to the growing demand for organic personal care products, the global market has witnessed rapid growth in mergers and partnerships in the past few years.
The key organic personal care products market players has prominent leaders such as Revlon, Inc. (the US), Shiseido Company, Limited (Japan), The Procter & Gamble Company (US), Coty Inc. (US), Kao Corporation (Japan), Amway Corporation (US), Natural Products Group, Inc. (US), The Estée Lauder Companies Inc. (US), Unilever PLC (UK), Mary Kay Inc. (US), L'Oréal S.A.(France), Beiersdorf AG (Germany), Natura & Co (Brazil), L'Occitane en Provence (Switzerland), Yves Rocher (France), and several others.
Recent Developments
· January 2022- South Asia's largest content-to-commerce conglomerate, Good Glamm Group, has announced the acquisition of a majority stake in India's largest Ecocert-certified beauty and personal care brand, Organic Harvest. Good Glamm has disclosed that it will be investing a further Rs. 75 crores in expanding the brand. The deal signifies Good Glamm Group's entrance into the organic beauty and personal care category.
Organic Harvest, established in 2013 by Rahul Agarwal, will pursue to function as an independent entity. Since its foundation, the brand has served more than 2 million customers across 10,000 pin codes in India.
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