Portland, OR, July 17, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global organic personal care and cosmetic products market generated $33,396.0 million in 2020 and is estimated to reach $58,615.6 million by 2031, witnessing a CAGR of 5.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $33,396.0 Million |
| Market Size in 2031 | $58,615.6 Million |
| CAGR | 5.3% |
| No. of Pages in Report | 110 |
| Segments Covered | Product Type, Consumer, Distribution Channel, and Region |
| Drivers | The easy availability of a wide range of organic personal care products |
| The rise in the number of organic cosmetic brands | |
| The increase in awareness regarding the benefits of organic products | |
| The rise in the adoption of e-commerce platforms | |
| Opportunities | The presence of a huge youth population in the developing regions |
| Increased concerns with physical aesthetics and the desire to always look presentable among the young population |
COVID-19 Scenario:
- The COVID-19 pandemic had a negative impact on the global organic personal care and cosmetics products industry. Due to the lockdown restrictions, the closure of manufacturing facilities, and supply chain disruptions, market growth was adversely impacted.
- However, the rise in health consciousness among consumers and the rapid penetration of e-commerce platforms increased demand for organic products across the globe. This had steadily fueled the growth of the market.
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The report offers a detailed segmentation of the global organic personal care and cosmetic products market based on product type, consumer, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants determine the sub-segments to be tapped into to achieve growth in the coming years.
By product type, the skin care segment held the major share in 2021, garnering nearly one-third of the global organic personal care and cosmetic products market revenue, and is projected to maintain its dominance by 2031. However, the oral care segment would portray the fastest CAGR of 5.8% during the forecast period. Hair care, makeup & color cosmetics, and others segments are also discussed in the report.
By consumer, the women segment accounted for the largest share in 2021, contributing to nearly two-thirds of the global organic personal care and cosmetic products market revenue, and is projected to maintain its leadership during the forecast period. Furthermore, the men segment would display the fastest CAGR of 5.4% from 2022 to 2031.
By distribution channel, the drug stores segment held the largest share in 2021, garnering nearly two-fifths of the global organic personal care and cosmetic products market revenue, and is projected to rule the roost by 2031. On the other hand, the online sales segment would exhibit the fastest CAGR of 6.2% from 2022 to 2031. The supermarkets and hypermarkets, departmental stores, brand outlets, and others (multi-level marketing, concept stores, and others) segments are also studied in the report.
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By region, North America held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global organic personal care and cosmetic products market, and is likely to dominate the market during the forecast period. However, the Asia-Pacific region would display the fastest CAGR of 6.1% from 2022 to 2031. The other provinces studied in the report include Europe and LAMEA.
The key market players analyzed in the global organic personal care and cosmetic products market report include Oriflame Cosmetics S.A., Estée Lauder Companies Inc., L'Occitane en Provence, Arbonne International LLC, Aubrey Organics, Amway Corporation, Yves Rocher, Burt's Bee, L’Oréal International, and Weleda. These players have adopted various strategies, such as expansion, new product launches, and partnerships, to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, product portfolio, and developments of every market player.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
