The global organic skin care market size is expected to reach USD 20.37 billion by 2030 according to a new study by Polaris Market Research. The report “Organic Skin Care Market Share, Size, Trends, Industry Analysis Report, By Consumer (Men, Women); By Distribution Channel (Supermarket/Hypermarket, Pharmacy & Drugstore, Online, Others); By Product; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The prominent factors favoring the industry growth include rising interest towards organic beauty; an upsurge in demand for sunscreens, face creams, and body lotions; and a significant rise in consciousness bout animal welfare and the environment. Organic beauty products are considered to be more effective with fewer side effects, which is anticipated to increase their application among end-users.
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These products are nutrition-rich, safe for the skin, environmentally friendly, sustainable, and more effective. On the other hand, the trend of natural ingredient-based beauty products has encouraged manufacturers in the global skincare industry to launch innovative skin care products. Hence, growing investments in the research & development (R&D) of organic products have created lucrative growth opportunities for the industry.
In 2021, the online segment was expected to witness a significant growth rate during the forecast period. The number of factors such as doorstep delivery, heavy discounts, easy payment methods, and availability of an extensive range of products on a single platform primarily drive the growth of the online segment.
In addition, the COVID-19 has boosted the growth of the e-commerce industry, creating lucrative growth opportunities for the industry. For instance, according to estimates in a UNCTAD report in May 2020, the pandemic has increased online retail sales. On the other hand, North America is anticipated to witness considerable growth in the global industry due to the high purchasing power of the consumer across the U.S. and Canada, where customers are willing to pay a higher price for a youthful appearance.
Major participants such as The Hain Celestial Group, Tata Harper, Purity Cosmetics (100% Pure), Shiseido Company Limited, Weleda AG, The Estee Lauder Companies, Arbonne International, Natura & Co., True Botanicals, and Yves Rocher are some of the key players operating in the industry. Players in the industry are adopting various strategies to develop new organic skin cares, expand their geographical presence, and generate new revenue streams.
For instance, in February 2022, Colgate-Palmolive (India) Limited launched a portfolio of natural Palmolive face care products, including Face Gels, Souffle Scrub, Palmolive Face Foams, and Face Masque.
Polaris Market Research has segmented the organic skin care market report on the basis of product, consumer model, distribution channel, and region:
Organic Skin Care, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Organic Skin Care, Consumer Model Outlook (Revenue - USD Billion, 2018 - 2030)
Organic Skin Care, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Organic Skin Care, Regional Outlook (Revenue - USD Billion, 2018 - 2030)