The global, organic personal-care market size is projected to reach $25.11 billion by 2025, an 9.5 percent increase, according to a new report by Grand View Research Inc.
The U.S. organic personal care market is poised to exceed $7.7 billion by 2025, due to the country’s extensive presence of various personal care manufacturers.
Rising R&D expenditure to introduce improved plant and animal extracts into various products is expected to increase the demand for organic personal care products over the forecast period. Furthermore, regulations encouraging the use of organic materials in the personal care industry are likely to propel market growth.
Growing demand for organic products is leading to an increase in their availability in supermarkets, malls and drugstores. In addition, a booming online marketplace has made organic product more accessible. E-commerce is expected to remain a key factor in the projected growth.
Demand for products that are free from synthetic fragrances, preservatives, parabens, petrochemicals and harsh cleaners has risen sharply the past few years. Numerous players manufacture personal care products, such as sunscreens, body lotions, shampoos, scrubs and more. Many are targeting the aging population.
North America was the largest market for organic personal care in 2017. Led by the United States, it is expected to continue being the largest market through 2025, followed by Europe and the Asian Pacific region.
In terms of value, the global revenue for hair care is anticipated to reach $6.62 billion by 2025, rising at a CAGR of 9.8 percent from 2017 to 2025. Based on revenue, skin care dominated in 2017, commanding more than one-third of the market, driven by organic ingredients’ antioxidation properties and ability to improve skin health.
Organic oral care and cosmetics are expected to the third- and fourth-largest categories.
You can browse the full report, “Organic Personal Care Market Size, Share & Trends Analysis Report,” at Grand View Research.
Source: Grand View Research