Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Growing at a 9.3% CAGR between 2014 and 2020, the global organic personal care products market, which in 2013 was valued at US$8360.5 million, is anticipated to reach a market value worth US$15693.7 million by 2020. The North America organic personal care products market is witnessing rapid growth due to the increasing awareness of consumers about the benefits of organic products. This regional market also benefits from the entry of new multinational companies that are improving the visibility and availability of these products.
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In terms of demand, Europe followed North America and held over 28.9% of the global organic personal care products market in 2013. Germany and France stood out as the primary consumers of organic personal care products in the European organic personal care products market. Germany held a 17.1% market share, while France held a 13.6% share in the Europe organic personal care products market in 2013.Country-wise, Japan is predicted to demonstrate the fastest growth in the global organic personal care products market during the forecasting horizon. In 2013, Japan accounted for around 42.6% of demand from the Asia Pacific organic personal care products market. This high growth in the Japanese organic personal care products market is attributed to the well-engrained belief of consumers in this region that organic and natural remedies are good for their health. This has made it easier for companies to market organic personal care products in this region.
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Apart from the increasing health awareness about these products, the global organic personal care products market will be driven by the increase in distribution channels and the number of new product launches. Several retailers in the U.K. are focusing on exports for higher growth. The French market experienced the highest number of new product launches in the past few years. Several large cosmetic firms have introduced organic and natural products in Europe and particularly France. For instance, L'Oreal is currently marketing a wide range of products under the brand names Mixa, Biotherm, Garnier, and Ushuaïa. Furthermore, the mass market distribution of organic personal care products has increased significantly worldwide.
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The global organic personal care products market is hampered by the intensifying competition offered by upcoming brands, pushing established brands to explore new distribution channels. In addition to this, the short shelf life and high cost associated with organic personal care products is challenging this market. By product, the global organic personal care products market is divided into oral care, cosmetics, hair care, skin care, and others.The most prominent companies in the global organic personal care products market have been analyzed in the report in detail. Some of these key market players are The Body Shop, Yves Rocher, The Hain Celestial Group, and Estee Lauder.
Organic Personal Care Products Market: By geography
- North America
- Asia Pacific
Rest of the World
Organic Personal Care Products Market: By type
- Skin care
- Hair care
- Oral care
Others (deodorants, feminine hygiene products, etc)
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