Rising health concerns, and increasing awareness about harmful effects of chemicals in conventional cosmetics and benefits associated with organic cosmetics are expected to drive the global organic cosmetics market through to 2021 according to a TechSci Research report, Global Organic Cosmetics Market By Product Type, By Point of Sale, By Region, Competition Forecast and Opportunities, 2011 - 2021.
TechSci Research, a research-based global management consulting firm. predicts that the global organic cosmetics market is projected to register a CAGR of over
13% during the 2016-2021 period. Organic cosmetics are manufactured using organic
ingredients and without the use of chemicals. Growth in global organic
cosmetics market can be attributed to factors such as increasing skin
diseases, rising disposable income, growing awareness among consumers,
increasing focus on environment and animal welfare, a widening
distribution channel network coupled with increasing visibility and
accessibility to organic cosmetics through retail outlets. Continuous product innovation is also expected to influence the global organic cosmetics market.
Rising standards of living and increasing personal
disposable income has driven adoption of these cosmetics across the
globe. In 2016, growth in consumption of organic cosmetics was witnessed globally as governments in many countries are taking
initiatives to promote and encourage use of organic cosmetics. Additionally, governments in various countries have also laid
regulatory, policy and safety legislations to improve quality of organic
cosmetics.
Organic
cosmetics are generally more popular among females, who accounted for
more than 75% of the total organic skincare usage worldwide. L'Oréal, Estée Lauder, Avon,
and the Revlon Group are few of the leading players in the global organic
cosmetics market on the back of their wide range of product offerings,
robust distribution network and huge consumer base. Many key players are
also focusing on expanding their distribution network to online
channels. However, exclusive retail stores and supermarkets/hypermarkets are
anticipated to continue dominating sales of global organic cosmetics
market through to 2021.
"Increasing pollution and unhealthy working lifestyles has driven
adoption of alternatives such as organic cosmetics across the globe,
especially among the youth. Younger generations prefer to use organic
cosmetics, as it is free from high concentration of chemicals. Growing
demand for organic cosmetics with multiple benefits claims such
as anti-ageing, moisturising and sun protection factor (SPF) protection is poised to boost
growth in global organic cosmetics market. Moreover, companies are
constantly advertising organic cosmetics on social networking sites such
as Facebook, Twitter, YouTube and other websites such as Instagram,
through beauty bloggers to increase brand awareness. All these factors
are anticipated to boost adoption of organic cosmetics in developed and
developing countries across the globe," said Karan Chechi, Research Director with TechSci Research.
