PUBLISHER: SkyQuest | PRODUCT CODE: 1270704
PUBLISHER: SkyQuest | PRODUCT CODE: 1270704
Global Organic Skincare Market size was valued at USD 9.83 billion in 2021 and is poised to grow from USD 10.49 billion in 2022 to USD 21.16 billion by 2030, growing at a CAGR of 8.9% in the forecast period (2023-2030).
The global organic skincare market is experiencing significant growth due to the increasing consumer preference for natural and organic products. Organic skincare products are made from natural ingredients and are free from harmful chemicals, making them a healthier and safer option for consumers. The demand for organic skincare products is driven by factors such as rising awareness about the harmful effects of synthetic chemicals, a growing trend towards sustainability and ethical consumption, and increasing disposable income.
Top-down and bottom-up approaches were used to estimate and validate the size of Organic Skincare market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Organic Skincare market is segmented based on Product, Distribution channel, and Region. Based on Product Organic Skincare Market is categorized into Body care-(Body Lotions, Body Wash, Other Body Care), Face care -(Cleansers, Moisturizers, and Oils/Serums, Other Facial Care, Face Masks and Packs), and Others. Based on the Distribution channel Organic Skincare Market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retail Stores, and Other Distribution Channels. Based on the region Organic Skincare Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The increasing incidence of skin issues linked to artificial components in beauty and cosmetic items is projected to boost sales. Harmful chemicals such as methylparaben, propylparaben, and butylparaben have been associated with various skin-related problems such as allergic reactions, acne, blemishes, and rashes.
Restrain
Prolonged use of cosmetics can have adverse effects on the skin, leading to various issues such as irritation, redness, burning sensations, discoloration, and premature aging of skin cells. Additionally, certain skin nourishment products cater to specific skin types, and overlooking this detail can also cause harm to the skin. Often, consumers tend to prioritize brand names over product details, which may result in further skin damage. Moreover, using inappropriate ingredients in a few products can trigger allergic reactions and cause the development of pimples, making it vital to choose products carefully.
Trend
The beauty and personal care sector is experiencing a surge in demand due to the adoption of innovative technologies and advancements, including the utilization of artificial intelligence (AI) and Internet of Things (IoT) devices that cater to individualized skin nourishment needs. These developments are expected to drive the growth of the industry.