August 26, 2021
According to the research report titled ‘Global Organic Cosmetics Market Size study, by Product type (facial care, body care, hair care) by distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retail Stores) and Regional Forecasts 2021-2027’, available with Market Study Report, global organic cosmetics market was worth USD 10.53 billion in 2020 and is expected to register 5% CAGR over 2021-2027 to reach a valuation of USD 16.06 billion by the end of the projected timeframe.
Rising preference for organic and natural ingredients in cosmetics, growing awareness pertaining to appearance and beauty as well as increasing inclination towards chemical-free products are catalyzing the growth of global organic cosmetics market.
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For instance, Forest Essentials launched an organic product enriched with natural ingredients in 2019, a facial serum formula that enhances and rejuvenates both lips and eyes.
Additionally, increasing YouTube channels featuring DIY (do it yourself) and home remedy videos, as well as mounting customer demand for sustainable raw materials are also augmenting worldwide organic cosmetics industry expansion.
Notably, the French unit of mass market cosmetics brand L’Oréal S.A., Garnier started a new organic skincare line ‘Garnier Bio’ in 2019 in collaboration with ecological NGO, The Good Planet Foundation.
For the unversed, organic cosmetics are made naturally or with the help of natural extracts. These products are believed to be beneficial for the skin and body, while also having minimal side effects.
Elaborating on market restraints, widespread preference for modern cosmetics, as well as short shelf-life of organic products are likely to hinder the growth of the worldwide organic cosmetics industry space over the ensuing years.
Regionally speaking, North America, Europe, Asia Pacific, and Latin America are major benefactors to industry remuneration. Among these, North America currently holds a major market share, owing to higher concentration of health-focused populace in the region. Parallelly, Europe industry also holds a significant revenue share, accredited to the presence of key players.
The competitive framework of global organic cosmetics market is defined by companies like Estée Lauder Companies, Inc., Eminence Organic Skin Care, Johnson & Johnson, Aubrey Organics, Inc., Hain Celestial Group, Inc., Aveda Corporation, Bare Escentuals, Inc., L'Oréal S.A., Botanic Organic, LLC, and Nature's Gate Ltd. among others.