Organic cosmetics to grow globally
by Redaktion (comments: 0)
The global market for organic cosmetics is growing, according to the Global Organic Cosmetics Market Forecast & Opportunities, 2021: TechSci Research Report, says Skin Inc. Generally, the global organic cosmetics market is projected to grow, and is expected to grow 10% to reach around $16 billion by 2021.
The growing need for chemical-free products in the market comes with the changing lifestyle of consumers, with increased disposable income and rising awareness. Particularly, the organic skin care market is anticipated to be a major contributor to the organic growth, with hair care following in second due to rising hair concerns like dandruff and hair loss. One problem that comes with this growth is the products' limited shelf-life. That, along with raw material supply and regulatory policies, are some of the factors that can pose a challenge to the market.
Currently, North America accounted for the largest share in the organic cosmetics market. Europe and Asia-Pacific region govern the second largest and third largest market share, respectively, according to PR News Wire. The demand of organic cosmetics in Latin America is expected to witness promising growth over the next few years in light of increasing consumption of cosmetic products, new product launches, rising disposable income. However, Countries like China and India, in Asia-Pacific region, is expected to witness significant gain over the forecast period. Factors like rising concerns towards aging, UV effects and hair fall will fuel growth in this region
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