Organic Skin Care Market Analysis By Product (Face Creams, Body Lotions) And Segment Forecasts To 2022

Published: January 2016 | Report Code: 978-1-68038-713-1 | Report Format: PDF

Industry Insights

Global organic skin care market size was valued at USD 3,004.0 million in 2014. Rising demand for organic body lotions, sunscreens, and face creams is expected to impact positively the sector over the forecast period. Regulatory approval from bodies’ including the EU, FDA, and USDA for external product use is expected to fuel growth over the next seven years.

Rising awareness regarding benefits of organic products over its synthetic counterparts is expected to have a positive impact on demand over the forecast period. Rising R&D expenditure by key companies to develop improved animal and plant extracts into numerous organic products is expected to propel market growth over the next seven years.

E-commerce is one of the main factors promoting market growth on account of its wide range of products. The online sector is a key source used by consumers’ access to products that are otherwise unavailable in malls and retail stores primarily in developing countries. This trend is expected to propel product demand over the next seven years.

Stringent regulations promoting natural product use in the skin care industry is expected to propel growth. Technological innovations involving oligopeptides which are used to increase product shelf life and efficiency is expected to have a positive impact on the sector over the next seven years.

Stringent regulations put forth by various regulatory bodies including the EU, FDA, and EPA to increase product shelf life is expected to challenge growth over the forecast period. The Soil Association, which is a regulatory standard for 'made with organic' and 'organic' ingredients, limits a number of synthetic ingredients and preservatives that can be employed in product manufacturing. Few chemicals including dehydroacetic acid, benzyl alcohol, and phenoxyethanol can be used in organic skin care production.

U.S. organic skin care market revenue by product, 2012-2022 (USD Million)

U.S. organic skin care market

Product Insights

The global market is segmented into two types of products including face creams and body lotions. Organic face creams were the largest product segment valued at USD 1,900 million in 2014. Rising importance of natural ingredients such as vegetables, fruits and herbs in face cream products with anti-ageing and sun protection properties is expected to fuel industry growth over the next seven years.

Body lotions were the second product largest segment and are expected expected to grow at a CAGR of over 18.0% from 2015 to 2022. New product launches and the establishment of strategic partnerships among key market players is expected to be one of the critical success factors for the industry over the forecast period. Also, organic body care products do not comprise chemical substances such as, parabens, sulfur, and ammonia which are expected to augment product demand over the forecast period.

Regional Insights

North America was the largest organic skin care segment, accounting for over 30.0% of global revenue in 2014. Rising market opportunities primarily in Mexico on account of increasing consumption of natural and organic lotions and creams coupled with new product launches by key manufacturers are expected to augment growth over the forecast period.

Europe organic skin care market was valued over USD 750 million of in 2014. Rising need for products which are free parabens and other harmful chemicals, have zero side effects and do not affect the skin texture is expected to have a positive impact on the market over the next seven years.

Asia Pacific organic skin care segment is expected to grow at a CAGR of over 25.0% from 2015 to 2022. Increasing “go green” consciousness, rapid industrialization and rising concerns for health safety coupled with consumer concerns towards the hazards of using synthetic chemicals particularly on the skin is expected to augment product demand over the next seven years.

Competitive Insights

Bare Escentuals is one of the largest organic skin care products manufacturers globally. Other producers include; Natura Cosméticos S.A., Burt’s Bee, Kiehl’s, The Body Shop, Estee Lauder, Yves Rocher Amway, Arbonne International, The Hain Celestial Group, Aveda Corp., and L'Occitane en Provence. Rising product demand in different regions has led these major players to focus on new product developments by increasing their R&D investments.

Manufacturers are also engaged in the innovation of new skin-care products that contain a mixture of natural and organic ingredients, in an attempt to tap into new customer groups. The launch of new products like Neutrogena’s Natural collection is also expected to propel product demand as they are natural and free from parabens and petrochemicals.

 

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
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