Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Organic Personal Care Market (By Application: Cosmetics, Skin, Oral, Hair Care, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”.
LOS ANGELES, April 17, 2019 (GLOBE NEWSWIRE) -- The global organic personal care market to grow at a significant rate and expected to grow at the CAGR of 10.2% and market size to reach over $ 24.2 Billion by 2026. Growing demand for organic products across various distribution channels such as supermarkets, malls, and drugstores, rise of online market, rising popularity of the organic products are key factors driving demand for organic personal care products.
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Developed region is the largest market for organic personal care market
North America is one of the leading markets across the globe owing to high demand for the products, to meet the upcoming demand and grab the major share of the market, most of the key players are heavily investing in research and development activities and using modern technologies in R&D in this region which has supported the growth of the market. Increasing government support and growing expenditure on R&D are projected to drive the Europe organic personal care market. France and Germany are the largest contributors to Europe market growth owing to increasing investments in personal care products. Asia Pacific is the fastest growing region. However, Latin American and the Middle Eastern countries including Saudi Arabia, United Arab Emirates (UAE), and Kuwait are projected to drive the LAMEA market as result of increasing demand for personal care products and growing healthcare sector. On the other hand, Africa is estimated to witness moderate growth.
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Hair care segment to lead the global organic personal care market
By application the market is segmented into cosmetics, skin, oral, and hair care. Hair care products hold the market share in the organic personal care products followed by skin care. Hair care products hold the major share in the market. Hair care includes oil, shampoos, hair gel and many others. The hair care products are majorly driven owing to the increasing demand for the hair oil. Organic ingredients are incorporated in cosmetic products such as nail polishes, fragrances, lipsticks, and bronzing powders. Growing consumption of these products in developing countries like India and China owing to increasing population of working class women is expected to promote the growth.
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The organic personal care products market is highly competitive in nature and thus many major players have adopted the strategy of acquisition and collaboration to sustain in increasing competition. Whereas, local players are trying to market the products to gain the attention of the people. Some of the leading companies operating in the global organic personal care market include Aveda Corporation; Burt’s Bees; The Hain Celestial Group; The Estee Lauder Companies Inc., Amway Corporation; Neutrogena Corporation; The Body Shop International PLC, Bare Escentuals Beauty, Inc.; Arbonne International LLC and Yves Rocher SA.
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