Organic Cosmetic Products Market size is poised to record commendable gains between the period of 2021 to 2027 on account of the flourishing e-commerce sector and increasing government support. The escalating consumer household incomes have urged the rising amount of spending on health and hygiene products. In addition, the growing emphasis on personal appearances and globally expanding working population are other paramount drivers supporting business growth.
With respect to type, the organic cosmetic products market is bifurcated into skincare, hair care, oral care, and makeup cosmetics. Among these, the skincare segment is likely to capture a significant remuneration owing to the growing consumer awareness pertaining to the benefits of organic products. The rising awareness over the presence of chemicals in cosmetics and the extremity of weather conditions along with the prevalence of skin-related infections and ailments will further drive the market progression.
The demand for organic cosmetic products in the hair care segment is expected to expand from 2021 to 2027 with the surge in hair-related problems. The mount in the number of working women has triggered the higher adoption of conditioners, shampoos, and hair sprays. The rising penetration of neem and eclipta erecta in haircare goods has made way for enhanced scalp conditioning and hair growth. The increasing need for minimizing the occurrence of grey hair will positively contribute to the organic cosmetic products industry expansion.
Based on distribution channels, the online segment is anticipated to collect substantial gains for the organic cosmetic products market. This can be mainly accredited to the higher usage of internet services. Alongside providing doorstep delivery and a wide spectrum of product options, online channels also benefit the customers in terms of discounts, easy payment options and exchange policies. The growing obligation for user comfort and convenience coupled with the ease of access to online reviews will play a crucial role in the segmental growth.
In terms of regional landscape, North America organic cosmetic products market is set to witness a strong impetus on account of the rising popularity of personal care products, mainly in the U.S. The increasing health consciousness levels among consumers have paved the path for numerous stringent regulatory frameworks to minimize the incursion of harmful chemicals in cosmetics. The ease of access to advanced organic products in the region is another impact rendering trend fostering the regional market growth.
Global organic cosmetic products market participants are keen on production expansions and are working on amplifying the number of warehouses & retail stores. They are also actively coming up with novel product launches to proliferate their offerings and customer portfolio.
In another instance, Avon, in September 2019, introduced the Distillery, its five-piece newest vegan skincare collection comprising eco-conscious skincare solutions devoid of animal products as well as harmful chemicals.
Estee Lauder, Beiersdorf (maxingvest ag), L’Oreal, INEOS (INEOS Limited), Yangtze River Acetyls, Arkema, The Dow Chemical Company (Dow Inc.), Celanese Corporation, Eastman Chemical Company, Sipchem, and Johnson & Johnson are some other major providers of organic cosmetic products.
The worldwide economic turbulence brought to effect by the COVID-19 pandemic also paved the path for several roadblocks to numerous commercial verticals. Its effects were felt on the production of organic cosmetics given the disrupted supply chains. However, the hygiene and skincare areas saw noticeable demand on account of the thriving need of consumers during the pandemic.