The global organic personal care and cosmetic products market is projected to reach $58,615.6 million by 2031, according to a report published by Allied Market Research. The market generated $33,396.0 million in 2020, with a projected compound annual growth rate (CAGR) of 5.3% from 2022 to 2031.
The report provides an in-depth analysis of the market trends, key segments, investment opportunities, value chains, regional landscapes, and competitive scenarios. It serves as a valuable source of information for market players, investors, and stakeholders to devise strategies and strengthen their positions in the market.
The report segments the global organic personal care and cosmetic products market based on product type, consumer, distribution channel, and region. In terms of product type, the skin care segment accounted for the largest share in 2021, followed by oral care. However, the oral care segment is expected to witness the fastest CAGR of 5.8% during the forecast period. Other segments include hair care, makeup & color cosmetics, and others.
In terms of consumers, the women segment held the largest share in 2021, contributing to nearly two-thirds of the global market revenue. The men segment is expected to experience the fastest CAGR of 5.4% from 2022 to 2031.
Based on distribution channels, drug stores held the largest share in 2021, followed by online sales. Online sales are projected to demonstrate the fastest CAGR of 6.2% during the forecast period. Other distribution channels include supermarkets and hypermarkets, departmental stores, brand outlets, and others.
Regionally, North America dominated the market in terms of revenue in 2021, accounting for over one-third of the global market. However, the Asia-Pacific region is expected to exhibit the fastest CAGR of 6.1% from 2022 to 2031. Other regions analyzed in the report include Europe and LAMEA.
Key market players analyzed in the report include Oriflame Cosmetics S.A., Estée Lauder Companies Inc., L’Occitane en Provence, Arbonne International LLC, Aubrey Organics, Amway Corporation, Yves Rocher, Burt’s Bee, L’Oréal International, and Weleda. These players have adopted various strategies such as expansion, new product launches, and partnerships to strengthen their market presence.
In conclusion, the global organic personal care and cosmetic products market is expected to experience significant growth in the coming years. With the increasing consumer demand for organic and natural products, market players have the opportunity to expand their product portfolio and enhance their market presence. The report provides valuable insights and analysis for businesses to make informed decisions and capitalize on market opportunities.
