Growing concerns about the negative effects of chemicals on the skin, such as skin irritation, allergies, and dullness, have been one of the main drivers of market expansion. It is estimated that approximately 9,500 people in the U.S. are diagnosed with skin cancer every day. Research estimates that nonmelanoma skin cancer (NMSC), including basal cell carcinoma (BCC) and squamous cell carcinoma (SCC), affects more than 3 million Americans a year. The market's growth is aided by the increasing beauty consciousness and health awareness.
According to UnivDatos Market Insights, Organic Personal Care and Cosmetics Products Market is expected to reach the market valuation of US$ 56.6 Billion by 2027 expanding at a reasonable CAGR of 5.6% during the forecast period (2021-2027) from US$ 38.8 Billion in 2020.
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Global demand for organic personal care is likely to be driven by rising per capita spending on organic products and growing public awareness of the benefits of organic products over conventional products. Across the globe, consumers are now also turning to natural and organic cosmetics. Organic personal care products have become part of the urban culture whereby urbanites consume at least one type of item daily. Further, the availability of these products across different distribution channels also boosted the market growth. For instance: Sephora’s US online sales are reportedly up 30% in 2020 versus 2019. Similarly, e-commerce technology and digital marketing company ITCAN has reported that online orders for skincare and makeup products in Saudi Arabia has soared up to 700% as consumers sought to avoid public places and online orders for skincare rose by 105.37%, with 32.7% coming from new users, showing a conversion rate of 63.59%.
Skincare, as a market segment, is growing faster than any other part of the beauty industry. Sales of skin care products grew by 13% recently in the United States, while makeup grew by only 1%. Online beauty retailers grew by 24%. In a survey published in MDPI, 70% of the participants wish to buy natural cosmetics. 56% of them wish to buy brands that are newcomers to the cosmetics market. 78% of the participants tend towards following a healthy lifestyle, whereas 68% of participants tend towards buying bio-foodstuffs. 86% of participants are influenced in their decisions by environmental awareness. 70% of the participants are willing to pay extra for a natural cosmetic made of natural ingredients. 68% of participants are similarly willing to pay extra for a cosmetic in packaging made of natural material.
Based on type, the market is mainly fragmented into skincare, haircare, oral care, and makeup cosmetics. The Skin Care segment dominated the market, and it is growing with a good CAGR during the forecast period to reach a value of US$ billion. The skincare market is increasing due to beauty consciousness and health awareness. The haircare market would be growing with a good CAGR.
Based on the consumer group, the market is mainly fragmented into male and female. The female segment dominated the market, and it is growing with a CAGR of during the forecast period.
Based on distribution channels market is bifurcated into offline and online. The online segment is expected to grow at the highest CAGR during the forecast period. It accounted for more than of the organic personal care and cosmetics products market share in 2020.
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Additionally, the report provides detailed insights into the global organic personal care and cosmetics products market for the distinct regions including North America (United States, Canada, Mexico, and Rest of North America), Europe (United Kingdom, Germany, Spain, France, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America), Middle East and Africa (South Africa, Saudi Arabia, and Rest of the Middle East and Africa). North America region dominated the market and generated revenue of US$ billion in 2020 owing to the growing demand for clean label products, coupled with an increasing number of health-conscious consumers in the region.
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