June 08, 2022
According to the research report titled ‘Global Natural and Organic Cosmetics Market - Analysis By Product Category, Distribution Channel, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, Global natural and organic cosmetics market accumulated revenues worth USD 29.92 billion in 2021 and is projected to rise significantly through 2027.
A significant rise in the consumer disposable income around the world, as well as growing prevalence of hectic timetables, routine shifts, dietary patterns, disruptions in the sleep cycle leading to concerns about overall well-being of oneself are the crucial factors driving the growth of global natural and organic cosmetics market.
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Moreover, the growing number of millennials and their purchasing preference for cleaner & healthier solutions is impelling the industry share. Notably, people are becoming more conscious about the chemicals used in cosmetics, and their adverse effects on skin and different body parts.
On the downside, the outbreak of the COVID-19 pandemic severely impacted the global economy with supply chain disruptions. However, it also created changes in consumer preferences, with more folks opting for functional and clean-labelled skincare solutions, along with boosted the sales of cleaning and personal hygiene products, thus propelling the market growth.
Analysing the global natural and organic cosmetics market by product type, the segmentation comprises makeup, haircare, skincare, and others. As mentioned in the report, the skin care segment accounted for a considerable market share in 2021 and is predicted to grow at a swift pace through 2027. The growth is backed by rising concerns regarding healthy skin, leading to higher sales of skincare products than other items.
As per distribution channel, the market is divided into offline stores and online stores. Among these, the online store segment is expected to grow at a substantial rate through 2027, owing to wider reach, and showcase of numerous luxury personal care products on the racks of modern organized retailing.
The leading companies defining the competitive landscape of global natural and organic cosmetics marketplace include Bare Escentuals Inc., Burt's Bees, Tata Harper Skincare, The Estee Lauder Companies Inc., Weleda, L'Oreal S.A., L'Occitaine Group, Natura & Co., Korres Group, and Arbonne International LLC.