The Organic Skincare Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Organic Skincare Global Market Report 2024, The organic skincare market size has grown rapidly in recent years. It will grow from $10.96 billion in 2023 to $12.2 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to growing health and wellness consciousness, rise of sustainable and eco-friendly lifestyles, preference for natural ingredients, influence of social media and influencers, changing beauty standards.
The organic skincare market size is expected to see rapid growth in the next few years. It will grow to $18.58 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to continued emphasis on health and wellness, increasing adoption of clean beauty, expansion of sustainable packaging, rise of personalized skincare, global beauty and cosmetics market growth. Major trends in the forecast period include wellness and self-care integration, emergence of indie and niche brands, clean beauty certification standards, emphasis on anti-pollution skincare, well-being rituals and mindful beauty.
The increasing prevalence of skin issues is expected to propel the growth of the organic skincare market going forward. Skin issues or diseases are conditions that affect the skin and may cause rashes, inflammation, itchiness, or other skin changes. Organic skin care products are helpful to minimize skin issues as they are natural products and are suitable for all types of skin. For instance, in March 2022, according to one of the population-based survey of the general population aged 18 years or more in each of the 27 countries in UK, estimated that over 94 million Europeans suffer from uncomfortable skin sensations such as itchiness, burning, or dryness. Fungal skin infections (8.9%), acne (5.4%), and atopic dermatitis or eczema (5.5%) were the most common conditions. Further, in April 2022, the American Journal of Managed Care, a US-based peer-reviewed journal, found that 43% of 40,000 patients had at least one skin condition or issue within the last 12 months. Therefore, the increasing prevalence of skin issues is driving the organic skincare market.
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The organic skincare market covered in this report is segmented –
1) By Type: Facial Care, Body Care, Other Types
2) By Gender: Male, Female
3) By Distribution Channel: Supermarkets or Hypermarket, Convenience Stores, Specialist Stores, Online Retail Stores, Other Distribution Channels
Major companies operating in the organic skincare market are developing innovative products, such as organic moisturizers, to meet larger customer bases, increase sales, and increase revenue. Organic moisturizers are skincare products formulated with ingredients that are derived from organic sources, meaning they are cultivated without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs). For instance, in June 2022, Samisha Organic, an India-based organic skincare company, launched four new skin care products, including moisturizers, foot care creams, face wash, and hair and nail care creams. The introduction of these new products by Samisha Organic is designed to reach a broader audience throughout India. The company’s motivation for unveiling these skincare items is rooted in its commitment to delivering high-quality products that are not only cost-effective but also entirely natural, ensuring a 100 percent organic composition with no associated side effects.
The organic skincare market report table of contents includes:
1. Executive Summary
2. Organic Skincare Market Characteristics
3. Organic Skincare Market Trends And Strategies
4. Organic Skincare Market – Macro Economic Scenario
5. Global Organic Skincare Market Size and Growth
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26. South America Organic Skincare Market
27. Brazil Organic Skincare Market
28. Middle East Organic Skincare Market
29. Africa Organic Skincare Market
30. Organic Skincare Market Competitive Landscape And Company Profiles
Top Major Players:
- Johnson & Johnson
- Procter & Gamble Company
- L’Oréal S.A
- The Estée Lauder Companies Inc
- Groupe Rocher
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