Organic Skin Care Market To Generate Revenue Of $12.58 Billion By 2022: Grand View Research, Inc.

August 26 07:38 2019
Organic Skin Care Market To Generate Revenue Of $12.58 Billion By 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Growing demand for organic face creams, sunscreens, and body lotions among consumers is expected to have a positive impact on the organic skin care market over the next seven years.

According to a report,“Organic Skin Care Market Size, Share & Trends Analysis Report By Product (Face Cream, Body Lotion), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2016 – 2022”, published by Grand View Research, Inc., Global organic skin care market is expected to reach USD 12.58 billion by 2022, Growing demand for organic face creams, sunscreens, and body lotions among consumers is expected to have a positive impact on the sector over the next seven years. Changing consumer perceptions towards organic products coupled with growing utilization of environmentally sustainable products is expected to fuel product growth over the next seven years. 

Growing awareness toward organic products, and changing lifestyle of consumers coupled with and rising consumer disposable income is expected to fuel product demand over the forecast period. In addition, increasing penetration of major players such as Reckitt Benckiser and P&G through new product developments and launches in India, Brazil and China is expected to promote growth over the next seven years. 

Rising consumer awareness regarding potential impact of organic skin care products on health and environment has resulted in augmenting sales over the past few years. Furthermore, reduced consumption of harmful chemicals including aluminum salts, parabens and phthalates coupled with shifting to sustainable products by numerous multinational corporations has contributed to the rise in product consumption and trend is expected to continue over the forecast period. 

Key Takeaways from the report:

  • Face creams was the fastest growing product segment at a CAGR over 20.0% from 2015 to 2022. The segment is expected to show high penetration due to rising increasing incidences of skin disorders which has led consumers to switch from synthetic products to natural products. Industry growth in Germany, France, and UK coupled with product innovation by companies such as L’Oreal will increase product demand over the next seven years.

  • Body lotion segment was estimated over USD 1.0 billion in 2014. Increasing need for naturally quick-fix skin problems that arise from pollution and environmental factors will have a positive impact on the sector over the forecast period.

  • Europe was estimated over USD 750.0 million in 2014. Robust product manufacturing base in the UK, France and Germany is expected to be a favorable factor for demand. European Commission framed Horizon 2020 Strategy, with to promote consumption and production of natural ingredients in chemical, personal care, automotive and energy sectors. This is expected to have a positive impact on the industry over the next seven years.

  • The global organic skin care industry is highly competitive with large multinational companies dominating the sector on account of increased expenditure on advertising and continuous R&D. However, in 2014, numerous smaller companies have gained share on account of increasing interest in natural beauty particularly in Europe and North America. Furthermore, companies employ strategies such as joint ventures and mergers & acquisitions to expand their global presence. In October 2013, multinational L’Oreal acquired The Body Shop and Kiehl’s to increase its share in this sector.

U.S. organic skin care market size, by product, 2012 - 2022 (USD Billion)

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Global organic skin care market share, by region, 2015 (%)

Regional Insights
North America was the largest organic skin care segment, accounting for over 31.6% of global market share in terms of revenue in 2015. Rising market opportunities primarily in Mexico, on account of increasing consumption of natural and organic lotions and creams coupled with new product launches by key manufacturers are expected to augment the growth.

Europe was valued at over USD 929.9 million of in 2015. Rising need for products free of parabens and other harmful chemicals, have zero side effects, and do not affect the skin texture is expected to have a positive impact on the market in the forthcoming years.

Asia Pacific is expected to expand at a CAGR of over 25.0% from 2016 to 2022. Increasing “go green” consciousness, rapid industrialization, and rising concerns for health safety coupled with consumer concerns towards the hazards of using synthetic chemicals particularly on the skin is expected to augment regional product demand over the forecast period.

Organic Skin Care Market Share Insights
Bare Escentuals is one of the largest manufacturers of organic skin care products on global scale. Other producers include; Natura Cosméticos S.A., Burt’s Bee, Kiehl’s, The Body Shop, Estee Lauder, Yves Rocher Amway, Arbonne International, The Hain Celestial Group, Aveda Corp., and L’Occitane en Provence. Rising product demand from different regions has led these major players to focus on new product developments by increasing their R&D investments.

Manufacturers are also engaged in innovation of new skin-care products that contain a mixture of natural and organic ingredients, in an attempt to tap into new customer groups. The launch of new products like Neutrogena’s Naturals collection is also expected to propel product demand as these products are natural and free from parabens and petrochemicals.

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About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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