Organic Skin Care Market to Grow with a CAGR of 9.8% Globally through 2028
Global Organic Skin Care
Market continues to thrive due to factors such as the increasing awareness and
demand for clean beauty, the growing concerns about sustainability and the
environment, and the focus on health and wellness.
According to
TechSci Research report, “Global Organic Skin Care Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Organic Skin Care Market stood at USD 10.48 billion in 2022 and is
anticipated to grow with a CAGR of 9.8% in the forecast period, 2024-2028. The
global organic skin care market has experienced remarkable growth and
transformation in recent years, reflecting shifting consumer preferences and an
increased focus on natural, sustainable, and environmentally friendly products.
This market, driven by a combination of factors, including rising awareness of
the benefits of organic skincare, changing lifestyles, and a growing concern
for the environment, has evolved into a lucrative industry with diverse
offerings and significant potential for further expansion.
Consumer
awareness about the potential risks associated with conventional skincare
products has been a key driver behind the growth of the organic skin care
market. Many consumers have become increasingly concerned about the chemicals
and synthetic ingredients found in traditional skincare items, which can lead
to skin irritation, allergies, or long-term health issues. This heightened
awareness has led to a growing demand for organic alternatives that contain
natural, non-toxic ingredients that are generally considered safer and more
skin-friendly.
In addition to
safety considerations, consumers are also becoming more discerning about the
ingredients used in their skincare products. They are seeking out formulations
that are cruelty-free, free from parabens, sulfates, phthalates, and artificial
fragrances. These conscious consumers prefer products that are ethically
produced, and they actively support brands that align with their values. This
shift in consumer sentiment has been a significant driver for the organic skin
care market's global growth, as companies increasingly adopt clean and ethical
practices to meet the demand.
Browse over 26
market data Figures spread through 189 Pages and an in-depth TOC on
"Global Organic Skin Care Market”
One notable
aspect of the global organic skincare market is the range of products
available. Organic skincare isn't limited to just one type of product; it spans
an extensive spectrum, from cleansers and moisturizers to serums, masks,
sunscreens, and even makeup. The diversity of offerings caters to various skin
types and concerns, making it a highly inclusive market. This broad range of
products has enabled consumers to customize their skincare routines based on
their specific needs and preferences.
Research and
innovation are integral to the growth of the global organic skincare market.
North America, in particular, has been a hotbed of research and development,
with numerous institutions and companies dedicated to advancing organic
skincare technologies. This commitment to R&D has led to the development of
novel formulations, plant-based actives, and cutting-edge delivery systems that
enhance the efficacy of organic skincare products. The introduction of
innovative ingredients like hyaluronic acid, retinol alternatives, and
botanical extracts has further diversified the product landscape, attracting
more consumers to organic options.
The global
organic skincare market has also seen a surge in collaborations between
academia and the skincare industry. These partnerships have led to
groundbreaking discoveries and novel ingredients that offer unique benefits to
the skin. The integration of science and nature has allowed the market to
continually evolve, introducing new solutions for age-related skin concerns,
hyperpigmentation, and acne treatment, among others.
Environmental
sustainability is another significant aspect of the organic skincare market's
growth. As concerns about climate change and environmental degradation
increase, consumers are seeking products that are environmentally responsible.
This includes not only the formulations but also the packaging and sourcing of
ingredients. Brands are increasingly adopting sustainable practices, such as
recyclable or biodegradable packaging, responsible ingredient sourcing, and
reducing their carbon footprint through eco-friendly manufacturing processes.
The global
organic skincare market is highly competitive, with both established players
and new entrants vying for market share. Established brands have expanded their
organic product lines to meet growing consumer demand, while niche and
independent brands have entered the market, offering unique and specialized
formulations. This competition has fostered creativity and innovation, driving
the market's dynamism.
The e-commerce
and digital landscape has also played a pivotal role in the growth of the
organic skincare market. The ease of online shopping and access to information
has allowed consumers to explore and compare products, read reviews, and make
informed choices. Many brands have leveraged social media and online marketing
to reach a wider audience, engage with customers, and build trust in their
products. E-commerce has not only expanded the market's reach but also created
new opportunities for direct-to-consumer brands to flourish.
The global organic
skin care market is segmented into type, gender, sales channel, regional, and
company.
Based on the type,
the face cream & moisturizers segment emerged as the dominant player in the
global organic skin care market. One of the primary reasons for the dominance
of the face cream and moisturizers segment is the universal appeal of these
products. Skin hydration and maintenance are fundamental aspects of any
skincare routine, making face creams and moisturizers essential for consumers
of all ages and skin types. This broad relevance has contributed to the
segment's consistent growth and market leadership.
Based on region,
Asia Pacific has a significant share of the global organic skin care market. Awareness
of the potential hazards associated with synthetic and chemical-based skincare
products is on the rise in Asia Pacific. Consumers are becoming more informed
about the ingredients they put on their skin, leading to a shift towards
organic and natural skincare alternatives. Brands and manufacturers are
actively educating consumers about the benefits of these products, which has
played a pivotal role in market growth.
Major companies
operating in Global Organic Skin Care Market are:
- The Hain Celestial Group (Avalon
Organics)
- Jhonson & Jhonson
- Starflower Essential Organic Skin Care
- Thesis Beauty
- Eminence Organic Skin Care
- Botanic Organic LLC
- Phyt's USA
- L'Oreal SA (Garnier)
- Forrest Essentials
- Honasa Consumer Pvt. Ltd (Ayuga,
Mamaearth)
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“The global
organic skincare market is a dynamic and rapidly growing industry driven by a
combination of factors. Changing consumer preferences, an increased awareness
of the potential risks associated with conventional skincare products, and a
growing concern for environmental sustainability have all contributed to the
market's growth. Research and innovation have led to the development of novel
formulations and ingredients, while certifications and regulations provide
consumers with confidence in the authenticity and purity of organic products.
The market's future holds significant potential, as it continues to meet the
evolving needs and values of consumers worldwide.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Organic Skin Care Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Face Cream & Moisturizers, Face Cleanser, Face Serum, Body Wash, and
Others), By Gender (Male, Female), By Sales Channel (Supermarkets/Hypermarkets,
Multi-Branded Stores, Pharmacy & Drug Stores, Online and Others), By
Region, By Competition, 2018-2028, has evaluated the future growth
potential of global organic skin care market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global organic skin care market.
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