The global organic skincare market size is expected to reach $20.37 billion by 2030 according to a new study by Polaris Market Research.
Major factors promoting the growth of the industry include growing interest in organic beauty; an increase in demand for sunscreens, face creams and body lotions; and a significant increase in animal welfare and environmental awareness. Organic beauty products are considered to be more effective with fewer side effects, which is expected to increase their application among end users.
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These products are rich in nutrients, safe for the skin, environmentally friendly, long-lasting and more effective. On the other hand, the trend of beauty products made from natural ingredients has encouraged manufacturers in the global skin care industry to launch innovative skin care products. Hence, increasing investments in research and development (R&D) of biologics have created lucrative growth opportunities for the industry.
In 2021, the online segment is expected to witness a significant growth rate over the forecast period. The number of factors such as door-to-door delivery, deep discounts, easy payment methods, and the availability of a wide range of products in a single platform are mainly driving the growth of the online segment.
Additionally, COVID-19 has spurred the growth of the e-commerce industry, creating lucrative growth opportunities for the industry. For example, according to an UNCTAD report from May 2020, the pandemic has increased online retail sales. On the other hand, North America is expected to witness tremendous growth in the global industry owing to the high consumer purchasing power in the United States and Canada, where customers are willing to pay a higher price for a youthful appearance.
Major participants such as The Hain Celestial Group, Tata Harper, Purity Cosmetics (100% Pure), Shiseido Company Limited, Weleda AG, The Estee Lauder Companies, Arbonne International, Natura & Co., True Botanicals and Yves Rocher are among the main actors operating in the industry. Industry players are adopting various strategies to develop new organic skincare products, expand their geographic presence, and generate new revenue streams.
For example, in February 2022, Colgate-Palmolive (India) Limited launched a portfolio of Palmolive natural face care products, including face gels, puff scrub, Palmolive face foams and face mask .
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Polaris Market Research has segmented the Organic Skin Care Market report on the basis of Product, Consumption Model, and Distribution Channel:
Organic Skincare, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Face cream and moisturizers
- Face cleanser
- Face Serum
- Body creams and moisturizers
- Shower gel
Organic Skincare, Consumption Model Outlook (Revenue – USD Billion, 2018 – 2030)
Organic Skincare, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)
- Pharmacy & Parapharmacy
- On line
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