The Global Natural and Organic Personal Care Product Market was $24.7 Bn in 2020, and it is expected to reach $35.60 Bn by 2028. It is eventually growing at a commendable high compound annual growth rate CAGR of 4.7% between 2020-2028. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The Natural and Organic Personal Care Product Market is majorly driven by the rising awareness about the harmful effect of chemical composition used in synthetic products, and skin sensitivity of individuals. Moreover, growing demand for cosmetics such as skin care and hair care products among the female population coupled with an increasing need for chemical-free and environmentally friendly personal care products across the globe is projected to trigger the market growth during the forecast timeline. In addition, rising R&D expenditure across the world to introduce chemical-free, non-harmful chemicals and environment-friendly personal care products, and stringent regulations to promote organic materials in personal care products is projected to accelerate the market growth during the forecast period.
Global Skin Care Product Segment Is Estimated to Witness Remarkable Growth.
Source: SAI Research
The global Natural and Organic Personal Care Product Market has been segmented into product type, distribution channel, and regions. By product type, the global Natural and Organic Personal Care Product Market is divided into Sin Care, Hair Care, Oral Care, Cosmetics, and Others. By Distribution Channel, the global Natural and Organic Personal Care Product Market is divided into Hypermarket/Supermarkets, Online Retail, Specialty Stores, Drug Store, and Others. Skin Care Product Segment is estimated to witness remarkable growth over the forecast period due to increasing awareness about the side effects of harmful chemicals and synthetic materials used in skincare products. These materials may cause side effects to the people that have sensitive skin and allergies.
By Region, North America is Holding the Major Market Share
The global Natural and Organic Personal Care Product Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America Natural and Organic Personal Care Product Market is holding the largest market share currently and is estimated to show the steady compound annual growth rate in the upcoming forecast period due to factors such as increasing consumption of organic personal care products, rising preference of non-toxic and environment friendly products. Asia Pacific region, however, is estimated to be the fastest-growing market in the forecast period due to growing awareness of organic skincare products, and increasing disposable income. In Addition, the increasing young population in the region coupled with higher awareness about natural skin care products is expected to bolster the market growth in the region. Europe and LAMEA region are also expected to show significant growth during the forecast owing to the skin and environment-friendly benefits of natural and organic personal care products and well established distribution channels across the region.
Major Players in Global Natural and Organic Personal Care Product Market
Some of the key players in the global Natural and Organic Personal Care Product Market include L’Oreal S.A, Beiersdorf AG, The Estée Lauder Companies Inc., Korres S.A., Arbonne International, LLC., Weleda AG, Avon Products, Inc, Coty Inc., Shiseido Company, The Clorox Company, and AVEENO.
The Global Natural and Organic Personal Care Product Market Has Been Segmented into:
Global Natural and Organic Personal Care Product Market: By Product Type
Global Natural and Organic Personal Care Product Market: By Distribution Channel
Global Natural and Organic Personal Care Product Market: By Region