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.
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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COVID-19 pandemic ended up making a huge global impact across every industry that exists & beauty industry is no exception. People felt stress, anxiety, grief, & worry during the Coronavirus pandemic. Their preference for skincare and makeup products has changed, consumers are selecting a minimalistic skincare routine and a more natural face. 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.
Organic Skin Care Market Insights By Demographics
Europe made the second-largest contribution to the global market. The availability of skincare products with an ‘organic’ label will increase products’ visibility among consumers. Gen Z and Millennial females in Western Europe are interested in trying these products. Asia Pacific is the fastest-growing market. Rising consumer awareness, changing lifestyles, increasing disposable income, and rising health and environmental concerns are expected to fuel sales of organic cosmetics in the region. Increasing skin issues such as skin sensitivity will further drive the market growth.
Competitive Analysis by Major Companies
The market is growing with fragmented key players across regions, where new entrants are launching products keeping sustainability and increasing awareness regarding non-synthetic skin care products in mind. Some prominent players operating in the global organic skin care market include:
- Shiseido Company Limited
- Natura & Co.
- The Estee Lauder Companies
- Yves Rocher
- True Botanicals
- Tata Harper
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Organic Skin Care Market Segmentation
Grand View Research has segmented the global organic skin care market based on product, distribution channel, and region:
- Organic Skin Care Product Outlook (Revenue, USD Million, 2017 – 2030)
- Organic Skin Care Distribution channel Outlook (Revenue, USD Million, 2017 – 2030)
- Organic Skin Care Regional Outlook (Revenue, USD Million, 2017 – 2030)
- List of Key Players in the Organic Skin Care Market
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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