Pune, India, May 21, 2019 (GLOBE NEWSWIRE) -- Natural and Organic Cosmetics Market is poised to touch USD 25,100 Mn by 2023 at an impressive 9.60% CAGR during the forecast period (2018-2023), reveals the latest report by Market Research Future (MRFR).
Market Analysis
The shift towards natural cosmetics has been gradual due to personal grooming routines among men and women. Natural and organic cosmetics, as the name suggests contains ingredients from natural sources as opposed to synthetic production. The natural and organic cosmetics market will thrive due to the increasing focus on personal care. As per the report by Market Research Future (MRFR), the global natural and organic cosmetics market is predicted to touch a valuation of USD 25,100 million by 2023 by exhibiting 9.60% CAGR from 2018 to 2023 (forecast phase).
The inclination towards a healthier lifestyle is expected to trigger the demand for natural and organic cosmetics. Awareness of consumers for cosmetics to prevent the probability of infection combined with focus on skin care, hair care, and hygiene can drive the market growth.
Social media has played a major role in driving the demand in the natural and organic cosmetics market. This can be credited to large number of users on social media channels coupled with the large number of celebrities and beauty product manufacturers on these channels. In addition, they engage with customers in order to ascertain their buying patterns and create targeted Ads to attain sales.
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Key Players and Industry Buzz
Major names in the Natural and Organic Cosmetics Market are L'Occitance International SA, The Clorox Co, Aubrey Organics, Inc., Laboratoire Nuxe, Jurlique International Pty. Limited, FANCL Corp, Bare Escentuals, Inc., The Estee Lauder Companies, Inc, L'Oréal SA, and Nature's Gate.
Among them, L'Oréal took the lead, followed by L'Occitance, FANCL Group, and the Clorox Company. The companies are focusing on acquisitions, product launches, and research and development. A prime example includes the acquisition of Valeant by L'Oréal in 2018. This allowed the company to launch a new haircare product, Botanicals Fresh Care.
Certification of products containing organic ingredients has reached an all-time high. Manufacturers are striving to gain accreditation in order to gain consumer trust. The certification can appeal to the shopping senses of sustainable buyers and in turn influence others. For instance, the objective of the COSMOS certification is to protect the lives of consumers and boost the sales of organic cosmetics.
Segmentation:
By type, the Natural and Organic Cosmetics Market comprises make up cosmetics, hair care, oral care, skin care, and others. The skin care segment accounted for the maximum market share in 2017 with a valuation pegged at USD 4,933.5 million. The emphasis on skin care routines by men and women can augur well for the market. Changing lifestyles of consumers coupled with the rise in purchasing power is likely to boost revenues of the natural and organic cosmetics market.
By consumer group, the market is segmented into male and female. The female demographic is expected to lead the market till 2023 due to the sale of feminine products. It stood at USD 10,600 million in 2017 with a commanding market share of 70%. On the other hand, the male segment can accrue significant earnings owing to the interest among men for grooming purposes. This is evident by the sales of skin care and hair care products.
By distribution channel, the market relies on two, namely store based and non-store based. The store based segment stood at USD 11,729.6 million in 2017. This can be credited to the shopping preference of consumers in brick-and-mortar stores.
Browse the market data and Information spread across 117 pages with 82 data tables and 25 figures of the report “Natural and Organic Cosmetics Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/natural-organic-cosmetics-market-7257
Regional Analysis
The North America region held over 34% market share in 2017 owing to the humongous sales of natural and organic cosmetic products. The region is a huge market for manufacturers due to consumer awareness of products and its benefits.
The European region has a smaller market share as compared to North America but contains the presence of major brands. In addition, the emphasis on beauty by residents within the region and their ability to jump on latest trends can work in favor of the market. The variety of premium and mass products coupled with shopping destinations in the U.K. and Paris can entice customers.
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