The global organic skin care market accounted for USD 2.80 Billion in 2020 and is expected to reach more than USD 4.78 Billion by 2028, growing at a CAGR of 7.7% from 2021 to 2028.
Market Overview
The global organic skin care market accounted for USD 2.80 Billion in 2020 and is expected to reach more than USD 4.78 Billion by 2028, growing at a CAGR of 7.7% from 2021 to 2028.
Organic skin care products are made of organically grown ingredients which are free from pesticides. Organic products are very beneficial for the skin as it has low or no chemical ingredients which is beneficial in long run. Organic skincare products are made of ingredients like organic essential oil, organic vegetable oil, vitamins, and essential fatty acids. Organic skincare products are environment friendly. These products moisturize, nourish, and takes care of the skin gently.
COVID-19 Impact Analysis
The outbreak of COVID-19 resulted in the disruption in supply chain globally. Lockdown and complete shutdown for physical stores in many countries are the main reasons for the decline in market. The positive side of this pandemic is consumer preferences have shifted to the products having organic qualities. Key players can further boost the sales in this pandemic through online platforms, it will not offset the combined sales of physical stores but will at least help in growing revenue in the current situation.
Growth Factors
Increase in the awareness of organic skincare products through social media over blogs, social media accounts have shifted consumer preferences towards organic products. E-commerce is one of the major factor in driving the growth of this sector as it gives user the option to window shop products through a smartphone or a laptop. Online shopping provides better options for buyers as compared to shopping physically at a mall or retail store.
Increase in the spending on luxurious products is also driving the growth. Rise in disposable income, expansion of distribution channels, easy availability is also the reason for the increase in the global organic product market.
Report Scope
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Type Segment Analysis Preview
Facial care segment held a share of over 65% in 2020. Facial care market is further segmented into moisturizers, cleansers, oil, serums, toner, and other products. Facial care market contributes a significant number to the revenue. Above all people tries to improve attributes like color, shape, and other things related to face rather than body. Body care segment is also starting to grow significantly as the awareness about the products has been increased through blogs, influencers, and social media accounts.
Distribution Channel Segment Analysis Preview
E-commerce segment is projected to grow at a CAGR of around 8% from 2021 to 2028. In recent years E-commerce has played a vital role in the growth owing to the increase in users for smartphones and internet. Influencer marketing, awareness through blogs, teaching customers about the benefit of using these products through online marketing and social media marketing has helped boosting the growth. Supermarkets/Hypermarkets, convenience stores, specialist stores, and other distribution channels form the distribution channel segment.
Regional Analysis Preview
North America accounted for a share of over 32% in 2020. New product development in sync with the increase in consumption of organic skin care products are boosting the growth in the region. Increase in market players for the products have created a competitive market which led to the popularity and demand for the products.
Asia Pacific is projected to grow at a CAGR of over 9% during the forecast period. Rising awareness about the health issues, demand for paraben free products, chemical free products, products which don’t affect the skin texture is estimated to grow the Market for organic Skin Care Products substantially.
Key Market Players & Competitive Landscape
Some of key players in organic skin care market are L'Occitane en Provence, The Hain Celestial Group, Johnson & Johnson, Botanic Organic, LLC, Eminence Organic Skin Care, L’Oréal, Natura Cosméticos, The Body Shop, Yves Rocher Amway, Estee Lauder, among others. Key players are focusing on strategies such as new product development, investment in R&D, innovation to grow the market share.
For instance, in 2018 October, L’Oreal launched new organic beauty brand, La Provencale Bio and acquired Logocos Naturkosmetik AG (GR).
The global organic skin care market is segmented as follows:
By Type
By Distribution Channel
By Region
Request the coronavirus impact analysis across industries and markets
The global organic skin care market was valued at USD 2.80 Billion in 2020.
The global organic skin care market is expected to reach USD 4.78 Billion by 2028, growing at a CAGR of 7.7% between 2021 to 2028.
Some of the key factors driving the global organic skin care market growth are awareness about the benefits of organic products, increasing social media marketing, increase in disposable income.
North America region held a substantial share of the organic skin care market in 2020. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for organic products owing to awareness through influencer, blogs and social media accounts.
Some of key players in organic skin care market are L'Occitane en Provence, The Hain Celestial Group, Johnson & Johnson, Botanic Organic, LLC, Eminence Organic Skin Care, L’Oréal, Natura Cosméticos, The Body Shop, Yves Rocher Amway, and Estee Lauder, among others.
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