USD 9.83 billion
Report ID:
SQMIG30L2115 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Global Organic Skincare Market size was valued at USD 9.83 billion in 2019 and is poised to grow from USD 10.49 billion in 2023 to USD 21.16 billion by 2031, growing at a CAGR of 8.9% in the forecast period (2024-2031).
Skincare is an important aspect of personal care. Beauty industry innovations and developments promise to deliver improved products with a wellness twist. The key factor driving the growth of the organic and natural skincare products market Over the forecast period, rising consumer demand for chemical-free beauty products, as well as increasing concepts of creams, serums, and moisturizers infused with organic components, is likely to fuel demand for organic skin care products. These products are thought to be more effective and have fewer adverse effects, which should lead to an increase in their use by customers. Skin sensitivity and increased awareness about the harmful effects of chemicals and synthetic products are other factors fueling the market growth. The majority of consumers prefer to purchase products that have the terms natural or organic associated with them; which significantly contributes to the market growth during the forecast period.
US Organic Skincare Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.83 billion
Largest Segment
Face Care
Fastest Growth
Face Care
Growth Rate
8.9% CAGR
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The Global Organic Skincare market is segmented based on Product, Distribution channel, and Region. Based on Product Organic Skincare Market is categorized into Body care-(Body Lotions, Body Wash, Other Body Care), Face care -(Cleansers, Moisturizers, and Oils/Serums, Other Facial Care, Face Masks and Packs), and Others. Based on the Distribution channel Organic Skincare Market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retail Stores, and Other Distribution Channels. Based on the region Organic Skincare Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Organic Skincare Market Analysis by Product
The face care segment had a market share of more than 60% in 2021 and is expected to maintain its dominance throughout the forecast period. Moisturizers have hydrating properties that help protect the skin by forming a barrier that prevents oil from evaporating and harmful elements from causing dryness or irritation. There are numerous types of organic moisturizers available for various skin types such as dry, oily, and textured skin. Consumers are experiencing skin-related issues such as dullness and hyperpigmentation as a result of rising pollution levels. Organic face serums contain active ingredients such as grapeseed oil, mulethi, ashwagandha, and walnut, which aid in the treatment of the above-mentioned skin issues and the even out skin tone.
Organic Skincare Market Analysis by Distribution channel
With a revenue share of around 25%, the hypermarket/supermarket was a larger distribution channel in 2021. According to a Retail Sector article published in August 2021, 68% of consumers in the United Kingdom claim to buy personal care products offline due to the in-person shopping experience. To reach the greatest number of customers, the majority of brands launch their products through supermarket chains such as Walmart and Target. During the forecasted period, the online channel is expected to grow rapidly.
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Asia Pacific held the largest Organic Skincare Market share. Rising consumer awareness, changing lifestyles, rising disposable income, and rising health and environmental concerns are all expected to drive organic cosmetics sales in the region. With a revenue share of more than 25% in 2021, Europe was the second-largest contributor to the global market. The growing consumer preference for 'cleaner, greener beauty,' particularly among millennials and Gen Z, is expected to drive demand for non-synthetic skincare products. The availability of 'organic' skincare products will increase product visibility among consumers. Many skincare brands offer COSMetic Organic and Natural Standard (COSMOS) certified products, which are safe to use and have no side effects.
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Organic Skincare Market Driver
Organic Skincare Market Restraint
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The market includes both international and domestic participants. Key market players focus on strategies such as innovation and new product launches in retail about natural products to enhance their portfolio offering in the market. The key market players for organic skincare are Avalon Natural Products Inc., Natura & Co., The Estee Lauder Companies, Yves Rocher, and others.
Organic Skincare Market Top Players Company Profiles
Organic Skincare Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Organic Skincare Market analysis, manufacturers in the organic skincare market are focusing on expanding their consumer base by emphasizing opportunities presented by Asia-Pacific emerging markets. The new entrants are launching products with the goal of increasing sustainability and awareness of non-synthetic skin care products. This trend has encouraged many brands to offer a varied portfolio of organic products exclusively for men such as face wash, serum, and facial cleansing oil.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 9.83 billion |
Market size value in 2031 | USD 21.16 billion |
Growth Rate | 8.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Organic Skincare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Skincare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Skincare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Skincare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2115
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