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The Organic Personal Care Global Market Report 2023 by The Business Research Company, provides organic personal care market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/organic-personal-care-global-market-report
According to The Business Research Company’s Organic Personal Care Global Market Report 2023, the market size is expected to grow from $18.85 billion in 2022 to $20.84 billion in 2023, at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of organic personal care is expected to grow to $29.33 billion in 2027 at a CAGR of 8.9%.
The increase in preference for organic products is the key factor driving the growth of the organic personal care market. Organic beauty products primarily consist of certified organic ingredients with various medicinal benefits and no or minimal side effects that meet privacy standards. Consumer demand for organic goods has perhaps had the most measurable impact on the organic personal business to date. Companies are developing new products and reformulating existing offers that largely incorporate organic products to capitalize on the expanding land-to-face movement’s huge growth potential.
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The organic personal caremarket is segmented:
1) By Product: Skin Care, Hair Care, Oral Care, Nail Care, Fragrances, Other Products
2) By Consumer: Men, Women
3) By Distribution Channel: Hypermarket or Supermarkets, Specialist Retail Stores, Online Retail Stores, Other Distribution Channels
Product innovation is the key trend gaining popularity in the organic personal care market. Major companies operating in the organic personal care sector are focused on investing in new product innovations to establish their strong presence in the market. For instance, in February 2021, Beiersdorf AG, a Germany-based personal-care products company, launched personalized face care with the launch of the new brand O.W.N. The launch of O.W.N. strengthens companies’ focus on organic, personalized skincare innovations, based on individual needs and scientific findings. O.W.N uses artificial intelligence and is built around a proprietary algorithm that brings together Beiersdorf’s profound 140 years of skincare expertise and consumer knowledge.
The organic personal caremarket report table of contents includes:
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