Global organic skin care market accounted for USD 12.9 billion in 2018 and is expected to reach USD 25.6 billion by 2026, growing at a CAGR of 9.36% between 2020 and 2026.
New York, United States - October 22, 2020 /MarketersMedia/ —
Zion Market Research has published a new report titled “Organic Skin Care Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026.” According to the report, the global organic skin care market accounted for USD 12.9 billion in 2018 and is expected to reach USD 25.6 billion by 2026, growing at a CAGR of 9.36% between 2020 and 2026.
The term organic, basically refers to the products solely derived from living organisms and are untouched by any chemical compounds, fertilizers, or pesticides. In the cosmetic industry, the term organic means a brand or an ingredient that has been certified by one of the numerous certifying institutions those operate worldwide for instance, the United States Department of Agriculture (USDA). It also bears a logo of the certifying institution which means that the said ingredients have been grown and processed under a strict code of cleanliness with no chemical compounds and no genetically modified organisms.
Rising awareness regarding benefits of organic products over their synthetic counterparts is expected to have a positive impact on demand over the forecast period. Rising R&D expenditure by key companies to develop improved animal and plant extracts into numerous organic products is expected to propel market growth.
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On the basis of product, the market is segmented into face creams and body lotions. Organic face creams was the largest product segment 2019. Rising importance of natural ingredients such as vegetables, fruits, and herbs in face cream products with anti-ageing and sun protection properties is expected to fuel industry growth in near future. E-commerce is one of the main factors promoting market growth on account of the availability of a wide range of products. The online sector is one of the key sources used by consumers across the globe to access products otherwise unavailable in malls and retail stores, primarily in developing countries. This trend is expected to propel the product demand over the forecast period. New product launches and the establishment of strategic partnerships among the key players is expected to be one of the critical success factors contributing to the market growth. Also, the fact that organic body care products do not comprise chemical substances such as parabens, sulfur, and ammonia, is expected to augment the product demand over the forecast period.
In terms of regions, North America was the largest organic skin care segment, accounting for major share of global market share in terms of revenue in 2019. Rising market opportunities primarily in Mexico, on account of increasing consumption of natural and organic lotions and creams coupled with new product launches by key manufacturers are expected to augment the market growth.
Some of the key players operating in the global organic skin care market are Bare Escentuals, Natura Cosméticos S.A., Burt’s Bee, Kiehl’s, The Body Shop, Estee Lauder, Yves Rocher Amway, Arbonne International, The Hain Celestial Group, Aveda Corp., and L'Occitane en Provence, among others.
This report segments the global organic skin care market as follows:
Global Organic Skin Care Market: Product Analysis
Face Cream
Body Lotion
Global Organic Skin Care Market: Regional Segment Analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/organic-skin-care-market
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