Organic Skin Care Market Size is Estimated to Witness 8.9% CAGR till 2030

The global organic skin care market size was valued at USD 9.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.

The global Organic Skin Care Market size is expected to reach USD 21.16 billion by 2030, registering a CAGR of 8.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. Rising consumer inclination toward non-synthetic and herbal beauty & skin care products coupled with growing utilization of environmentally sustainable products is expected to fuel the market growth in the forthcoming years.

Rising consumer awareness regarding the potential impact of organic skin care products on health and the environment has augmented the sale of these products in the past few years. Furthermore, it reduced the consumption of skincare products with harmful chemicals including aluminum salts, parabens and phthalates are allowing companies to manufacture products with organic ingredients. The rise in this trend coupled with the consumer shift toward sustainable and healthy skin care products will drive the market in the forecast period.

The changing consumer lifestyle and rising consumer disposable income are expected to drive the product demand. Increasing penetration of major players such as Reckitt Benckiser and Hindustan Unilever Limited (HUL) through new product developments and launches in countries including India, Brazil, and China are allowing customers to explore more options in the line. For instance, in November 2019, HUL launched personal care products including body cream under the brand name Love, Beauty, and Planet. These products are made from sustainably sourced ingredients with vegan-friendly formulations.

The face cream & moisturizer segment contributed a majority of the market share to become the largest revenue contributor in 2021, with types including moisture, healing, and others. These creams help overcome skin issues such as acne by reducing the chances of developing extreme dryness or oiliness. The rising demand for face creams with chemical-free ingredients is expected to drive the segment growth during the forecast period. With the growing awareness about the risks associated with the prolonged use of face creams made from synthetic materials, consumers are inclining toward the use of organic skincare products.

The supermarket & hypermarket segment held the largest revenue share of the global market in 2021. A large number of consumers prefer buying skincare products from these stores as they can verify/test the product before buying it, ensuring the products’ suitability based on their needs. With the rise in this trend, companies are selling their products via hypermarkets & supermarkets to increase brand visibility. Some of the skin care brands to offer products via these stores are Plum, mCaffeine, Mother Sparsh, MyGlamm, and The Man Company.

Related Press Release@ Organic Skin Care Market Report

Organic Skin Care Market Report Highlights

• The serum segment is projected to register the fastest CAGR owing to increasing demand for skin care products to quickly fix skin problems such as wrinkles, pigmentation, and redness caused by environmental factors
• The online channel segment is anticipated to register the fastest CAGR during the forecast year due to convenient surfing through catalogs without doing the round of stores to pick skin care essentials
• Asia Pacific is expected to register the fastest CAGR during the forecast period. The rising prevalence of skin issues among consumers due to harsh weather conditions in the region is expected to drive the demand for organic skin care products

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