08.30.18
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. The market will exhibit a CAGR of 5.5% during the forecast period.
What's driving market growth? An increasing demand for organic and natural products for skin care and hair care is the key factor.
Rising awareness regarding personal health and safety is expected to provide an impetus to the market over the forecast period, according to analysts. Rising disposable income, coupled with improving standard of living of middle-class working population in emerging economies, is anticipated to boost growth.
Growth stimulants include rising concerns regarding use of chemicals in cosmetics and spiraling demand for natural and organic skincare products.
The report states, "Growing concerns regarding health & safety, consumer awareness about the use of synthetic chemicals, and increasing importance given to environmentally viable products are estimated to fuel the demand for organic and natural skin care products and associated ingredients over the coming years."
North America was the largest market for organic personal care ingredients in 2017. The region will continue to dominate the market until 2025.
Browse the research report's TOC here -- it's called Organic Personal Care Ingredients Market Size, Share & Trends Analysis Report By Type, By Product, By Application, And Segment Forecasts, 2018 - 2025.
