iCrowdNewswire Jan 18, 2021 8:00 AM ET
Organic Skincare Products Market – 2019-2025
Ogranic skincare products are made of more natural and organic ingredients which focus on innovation, inspiration, consumer health, and eco-consciousness. With organic skincare products, the ingredients list is “cleaner” and it does not take a graduate degree in chemistry to understand the ingredients used. The clean beauty revolution has resulted in companies formulating products that rely less on harsh synthetics and more on sustainably sourced plant based ingredients. These products are natural and healthy ways to nourish skin, without the hidden ingredients, but with equally effective results.
The key factors driving the market growth are increasing consumer awareness regarding organic skincare products, growing e-commerce industry, increase in disposable income and expansion of distribution channels. High cost of organic skincare products and brief shelf life of organic products are market restraining factors. Developments in organic skincare products and improved standards of living are expected to provide novel market opportunities. However, availability of advanced beauty treatments and skin issues related to organic cosmetics are expected to challenge the market growth.
The global natural skin care products market size was valued at USD 10.84 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027. Growing concerns regarding the side effects of chemicals on the skin, causing skin irritation, allergies, and skin dullness, have been one of the key factors fueling the market growth. Dissemination of knowledge related to the benefits of natural skincare has led consumers seeking eco-friendly, sustainable, natural skincare products that come with greater product ingredient transparency. According to the Asia Cosmetics report, in 2017, globally 40% of the change in the buying decision of the consumers has inflected because of natural ingredient listing on the packaging. Natural skincare and cosmetic products that are free from chemicals and transparent about the content have been preferred by consumers, which is likely to drive the demand for natural skincare products.
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Growing celebrity involvement in the promotion of natural beauty products is expected to resonate well with young consumers. Millennials who spend a lot of time on the internet have a high inclination towards trending online articles, product launches, and celebrity endorsements. Influential personalities such as actress Jessica Alba and Miranda Kerr founded natural beauty brands that offer ethical skincare products and have been attracting investment from consumer-focused private equity firms as a natural product, which is expected to have a promising future demand. For instance, in 2018, Honest Co. received funding of USD 200 million from L Catterton, a global private equity firm. In this regard, the company expanded its product offering in countries, such as Australia, Germany, and France, to cater to other markets. These brand innovations and launches are likely to contribute to the growth of the market.
Rapid growth in the number of new companies and startups pertaining to natural skincare has led to the availability of affordable products and innovative product lines in the market. Major consumer brands are considering launching natural daily use of skin care products and seeking consumer’s acquisition in the long run. For instance, in October 2017, Clorox co.’s natural and eco-friendly personal care brand, Burt Bees launched Burt Bees Beauty, a line of natural cosmetics including face wash, cleansers, body lotions, body scrubs, shower gel, and body oils made with natural ingredients.
The recent Covid-19 outbreak has severely impacted the growth of the beauty and personal care industry. The pandemic disrupted production as well as sales of beauty and skincare products through both online and offline channels due to social distancing and stay home policies. Demand for new orders from retailers has come to a standstill as the major markets are under lockdown, which has drastically altered the supply chain in the market globally. Moreover, the pandemic situation has goaded people to spend more cautiously on basic amenities and needs and refrain from buying natural beauty products, which usually have premium pricing.
The following manufacturers are covered:
The Clorox Company
Esse Organic Skincare
Iredale Mineral Cosmetics
L’Occitane en Provence
The Hain Celestial Group
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Table of Content:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
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