Organic Cosmetic Ingredients Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI330
Global organic cosmetic ingredients market will register considerable CAGR during the forecast period 2021-2027. Robust demand for cosmetic ingredients can mainly be attributed to increasing awareness pertaining to skin care. Consumers are likely to shift from chemical cosmetics to natural and safe cosmetic products.
Organic cosmetic ingredients are raw materials derived from animals and plants used in the production of personal care and cosmetics products. Organic ingredients are gradually replacing synthetic chemicals partly due to a shift towards sustainability. Organic products such as fish oil, aloe vera, jojoba oil and palm kernel oil are some of the major raw ingredients for manufacturing cosmetic products.
In terms of product, organic cosmetic ingredients market value from the surfactant segment will grow at an appreciable rate through 2027. Surfactants are widely used in cosmetic formulations, oral care and hair care. Additionally, it is used for emulsifying, foaming, penetration enhancement, cleansing, thickening and for antimicrobial effects. Environmental concerns have prompted the growth of organic surfactants following the potential negative impact of synthetic products on skin. Sustainable surfactants are expected to rise in popularity across cosmetic applications.
Based on application, the skin care segment is poised to grow at a considerable rate during the forecast period 2021-2027. The use of natural ingredients such as herbs, fruits, vegetables in skin care products is likely to gain popularity globally. Beauty giants are likely to seek organic skin care ingredients given the trend for eco-friendly ingredients. An increasing number of companies are branding their products as organic and have introduced sustainable skincare products.
With respect to region, North America organic cosmetic ingredients market revenue will account for a significant share by 2027. Innovative green ingredients have gained prominence in oral care and hair conditioning. With the demand for natural and organic personal hygiene and skincare products soaring, beauty care industry players are expected to invest in organic ingredients.
Asia Pacific market is expected to emerge as a promising region for organic cosmetic companies. Notably, the essential oils are expected to witness widespread adoption cosmetic products, fragrances for its pleasant odor. Fragrance industry players are likely to widen their strategic focus in China, India and Japan given the increasing cases of hair fall and effects of UV rays. Moreover, the rise in the middle class population in emerging economies across the region will further drive the growth of organic cosmetic ingredients.
The global organic cosmetic ingredients industry is competitive with players such as Amway, L’Oreal, The Body Shop, Bare Escentuals, Burt’s Bee, Aveda Corp, Natura Cosmeticos S.A., Kiehl’s and Aubrey Organics, among others. These leading companies are expected to emphasize organic and inorganic strategies, focusing on mergers & acquisitions, product launches, collaboration and innovations.
For instance, Artistry brand, owned by Amway, launched a new clean, vegan and traceable skincare product in March 2021. They will use plant-based ingredients to boost skin science for safe and beneficial ingredients.
COVID-19 influence on the global organic cosmetic ingredients market value
The global organic cosmetic ingredients industry comprising of hair care, skin care, oral care and fragrances has been hit hard by the COVID-19 pandemic. While in-store shopping of cosmetic products dipped in 2020, the online sales picked pace. However, customer traffic has plummeted amidst the opening of brick-and-mortar drugstores and grocery stores. Cosmetic industry players are likely to prioritize digital channels and focus on safety and hygiene.
Over the years, hair-care, skin-care and oral care products have benefitted from pampering and self-care trends. With the closure of beauty salons, DIY beauty care has become a notable trend, signifying the growth of the organic cosmetic ingredients market growth over 2021-2027.
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