NEW YORK , Sept. 9, 2022 /PRNewswire/ -- The organic skincare products market has grown substantially over the years. To estimate the size of the market, Technavio has tracked the recent trends and developments in the organic skincare products market. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.
The report on the organic skincare products market by Technavio expects the market size to increase at a CAGR of 7.07% and register an incremental growth of USD 1.91 billion between 2021 and 2026. However, the growth forecast could be missed with the market growing slower than expected if the following factors come into play: availability of counterfeit products and short shelf life of organic skincare products.
According to Technavio, the growth of the market is primarily driven by the benefits of organic skincare products.
Organic skincare products are made of natural ingredients such as plant extracts and natural oils. These products effectively work on wrinkles, scars, stretch marks, and other skin problems. They also adhere to high standards of purity set by regulatory bodies in various countries. Such benefits are encouraging consumers to shift their preference from synthetic skincare products to organic skincare products. This is driving the growth of the market in focus.
"Innovation and portfolio expansion leading to product premiumization and rising product awareness, especially among millennials will further accelerate the growth of the market", says an analyst at Technavio.
The global organic skincare products market is fragmented with the presence of several global and regional vendors. Vendors follow certain criticality of inputs, including R&D, technology, and brands, to compete in the market. They make significant investments in procuring high-quality raw materials and focus on product-related R&D to manufacture advanced organic skincare products. Vendors also focus on building brand and brand equity to differentiate themselves from their competitors.
The global organic skincare products market witnessed medium labor deployment in 2021. Vendors differentiate themselves based on product quality and innovations. They also offer products with different features. The bargaining power of suppliers was moderate in 2021 due to the presence of several international, regional, local, and domestic suppliers of raw materials. This is expected to continue until the end of 2026 due to a minimal increase in the number of suppliers. Besides this, a key factor of market disruption is technological innovations. Organic growth also had a high impact on disruption due to continuous product innovations.
The report breaks down the market into the following segments:
Product: Facial care, Body care, and Others
Geography: North America , Europe , APAC, South America , and the Middle East and Africa
Based on the product, the facial care segment is expected to create more revenue in the market. The segment is driven by the increase in awareness about the importance of skincare among people across the world. Also, the launch of innovative products and the expansion of distribution channels are contributing to the growth of the segment.
In terms of region, APAC will emerge as the dominant region, occupying 35% of the global market share. The regional market is driven by the rise in household income, the increase in demand for premium products, and advancements in products by leading vendors.
The complete report on the global organic skincare products market offers detailed insights on the potential business segments and regions to invest in over the forecast period. Before making the purchase, we recommend reading our Sample PDF Report.
The organic skincare products market report answers questions such as:
Is the market structure fragmented or concentrated?
What was the market size in 2021 and the forecast for the organic skincare products market through 2026?
Which are the best product segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the organic skincare products market?
What are the inhibiting factors and the impact of COVID-19 on the organic skincare products market growth?
What are the latest trends and regulatory frameworks in the organic skincare products market?
Got more queries? Speak to our analyst now
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Organic Skincare Products Market Scope
Accelerate at a CAGR of 7.07%
North America, Europe, APAC, South America, and Middle East and Africa
US, Canada, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
Beiersdorf Aktiengesellschaft, e.l.f. Beauty Inc., Gabriel Cosmetics Inc., Herbivore Botanicals, Johnson and Johnson, Kose Corp., Laverana Digital GmbH and Co. KG, LOreal SA, Lush Retail Ltd., MAV Beauty Brands Inc., Milk Makeup, Miranda Kerr Pty Ltd., Natura and CO Holding S.A., Shiseido Co. Ltd, The Clorox Co., The Estee Lauder Co. Inc., The Procter and Gamble Co., True Botanicals Inc., Unilever PLC, and Weleda Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Facial care - Market size and forecast 2021-2026
5.4 Body care - Market size and forecast 2021-2026
5.5 Others - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 Canada - Market size and forecast 2021-2026
7.12 France - Market size and forecast 2021-2026
7.13 Japan - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.6 Natura and CO Holding S.A.
10.9 The Estee Lauder Co. Inc.
10.10 The Procter and Gamble Co.
11.3 Currency conversion rates for US$
Includes shaving and grooming products such as conditioners, skin soothers, pre- and post-shave moisturizers, shavers, and trimmers
Baby and child personal care: Includes baby cleansers, baby soaps, baby shampoos, baby face and body care creams, oils, and lotions, baby massage oils, baby powders, sun screeners, and cold protectants
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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