Explore How Organic Personal Care Products Are Impacting the Sustainable Personal Care Industry

11 Aug
2022

 
6585 Views
 

Consumers across the world are becoming increasingly aware about the harmful effects of synthetic ingredients used for the production of personal care products. This is why, millennials have started to prefer new, sustainable brands that produce organic personal care products.

The organic personal care products sector is considered as the highest growth areas in the sustainable personal care industry. Most of the organic care products are produced from plant derived ingredients such as roots, herbs, flowers, and essential oils. Unlike synthetic care products, the organic ones do not use chemicals during the manufacturing process, so as to preserve the organic content of the product.

There has been a considerable shift towards healthy living, while also maintain a greener environment. This in turn, has resulted to increase the demand for organic personal care products in more than one way. Though organic products are a little expensive, but rise in disposable income and improved standard of living are boosting the demand for organic products to a great extent.

According to a report published by Allied Market Research, the global sustainable personal care market size is anticipated to reach $129.7 billion with a significant CAGR from 2022 to 2031. Currently, North America is holding the highest market share, owing to huge demand for sustainable personal care products in the U.S. and Canada. The Asia-Pacific region, at the same time, is estimated to witness the fastest growth rate, attributed to expansion of personal care industries and rapid development of health and wellness industries in the emerging economies like China, India, and others.

However, the outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the global sustainable personal care market. The implementation of global lockdown forced all the manufacturing hubs to shut down their operation partially or completely. Supply chain disruptions, unavailability of raw materials, and shortage of labor force were few more challenges faced by manufacturers. The sales of personal care products also got hampered as all the retail shops, supermarkets, and hypermarkets were closed, especially in the initial period. Only a part of revenue was generated from sales through e-commerce websites like Amazon, Flipkart, Nykaa, etc. during the lockdown.

Nevertheless, the global sustainable personal care market has already recovered in the post-pandemic. The key market players are investing in product research and development in order to stay competitive in the market. For instance, in April 2021, Refresh Botanical expanded its market range to India by offering a product line which is specifically developed for acne-prone, sensitive, and aged skin types. This collection includes facial cleansers, eye and face makeup remover, toners, moisturizers, intensive serum, premium eye serum, night cream, and a lot of more products. Likewise, constant improvement of the product lines by several firms including the Body Shop, Amway, Aveda Corporation, and others are going to provide lucrative opportunities for the growth of the global sustainable personal care market in the near future.

 
Alex Hillsberg

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

 
PREVIOUS POST
 

Asia-Pacific becoming pillars for the growth of Global Baby Diapers Market

NEXT POST
 

Cosmetics: New Product Launches to Offer High-Quality Organic Cosmetics

 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 

Related Post