Organic Cosmetic Products: High Leap Towards Chemical Devoid of Materials for Personalised Use
According to a new report published by Reports Monitor titled, “Organic Cosmetic Products Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the organic cosmetic products market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is the largest market for organic cosmetic products and is expected to grow continuously over the forecast periods.
During last few decades, the cosmetic industry has changed dramatically. Chemical compounds used in aesthetic products are increasingly getting substituted by an organic natural ingredient that does not harm human being. These ingredients are grown and processed under rigid guidelines of purity without the intervention of chemical compounds and GMOs.
The global organic cosmetic market has been segmented into type, distribution channels, and region. On the basis of type, the market is divided into professional care, makeup cosmetics, fragrances, toiletries and others. Professional care is further subdivided into skin, hair, and others. On the basis of distribution channels, the market is segmented as supermarkets/hypermarkets, beauty parlors/salons, specialty stores, online channels and others. Factors affecting growth of the market
Rising health awareness, alertness regarding personal beauty, increasing demand for organic cosmetic products, increasing purchasing power of the consumer, and improved standard of living are major aspects driving the growth of the global organic cosmetic products market. Moreover, technological breakthrough in the area of processing and cost-effective manufacturing, and government initiatives will support the market growth. However, high cost & poor shelf life of organic cosmetic products, variation in raw material supply and availability of alternative beauty treatments might hinder market growth.
Regional overview The global organic cosmetic market is segmented into North America, Asia-Pacific, Europe, and Latin America, the Middle East & Africa. Asia-Pacific region is anticipated to grow lucratively in coming years owing to substantial growth in disposable income, increased preference for organic products over chemical and rapidly growing personal care industry. Also expanding consumption of organic cosmetic products in emerging economies such as India, China and Japan in account of new product launch boosts market growth in the region.
Competitive landscape Being a nascent market, the organic cosmetic product market is expecting a significant growth in near future. Key market players have adopted various strategies such as partnership, merger or collaboration along with new product launch to sustain and maintain their position in the market. Prominent players in the market includes Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, KORRES Group, Fenchem, Jasmin Skin Professional Care, I-Green, PT Martina Berto Tbk, Unilever, Shiseido, Benefit Cosmetics, Avon Products and Better Way (Thailand) Co. Ltd. In 2017, Hindustan Unilever Ltd. launched Indulekha Bringha Hairfall Shampoo, a shampoo with plant extracts.
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