07.12.18
The global organic personal care ingredients market size is projected to reach USD 11.1 billion by 2025, according to a new report by Grand View Research -- exhibiting a CAGR of 5.5% during the forecast period.
Increasing demand for organic and natural products for skin care and hair care is the key factor driving the market.
What's Driving the Market?
A growing awareness regarding personal health and safety, and the improving standard of living of the middle-class working population in emerging economies, forecasters say. These factors are expected to boost the growth of the organic personal care ingredients market.
Also, the rising concerns regarding the use of chemicals in cosmetics and the spiraling demand for natural and organic skincare products are major growth stimulants for the organic personal care ingredients market.
Also, growing concerns regarding health and safety, consumer awareness about the use of synthetic chemicals, and increasing importance being given to environmentally viable products are fueling the demand for organic and natural skin care products. This is expected to continue.
Emollients Hold a Significant Share
Emollients held a significant share in the market in 2017 and are likely to continue this trend over the forecast period.
Demand for emollients is poised to be primarily driven by positive trends in the cosmetic, skin care, and hair care industries. Moreover, rising awareness about personal grooming and care is projected to boost their demand over the forecast period. Furthermore, the increase in purchasing power in countries such as India, Mexico, and Brazil are leading to an increase in the purchase of organic cosmetics and other personal care products.
North America Is The Largest Market
North America was the largest market for organic personal care ingredients in 2017. The region will continue to dominate the market until 2025.
Spiraling consumption of organic personal care products in the region, owing to rising awareness regarding positive effects of natural ingredients such as turmeric and neem is contributing to the growth of the regional market. In addition, favorable regulatory support in Mexico for new investments in the personal care market is poised to open new avenues for market growth over the forecast period.