Specialty and Fine Chemicals Reports Organic Personal Care Market Analysis | Page 2
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This market has greatly evolved across the globe. Sales trainings for ‘consumer education’
regarding superior ‘beauty products’ should propel market revenues. Client awareness
about personal health is also likely to add market growth till 2024. Enhanced living
standards and increased disposable earnings of the employed ‘middle-class’ populace
across developing Asian Pacific nations may propel the market in the forecast period.
However, discrepancies in ‘feedstock supply’ would hinder the market. Technological
advancements and research & developments in processing & cost-efficient manufacturing
were the key drivers of organic personal care market in the recent years. Research on
developing customized & sophisticated products can open market prospects.
The market is split by products and geographies. Products comprise skin care, hair care,
oral care, and others. Skin care led in terms of demand and surpassed USD 2.5 billion in
2013. Hair is estimated to grow at nearly 9.8 percent CAGR during 2014 to 2020. Oral care
captured 13 percent shares in 2013 and should undergo high growth. Its shares could be
attributed to escalating gum diseases.
The geographies are Asia Pacific, North America, Europe, and rest of the world. North
America reigned in the recent past and has regional prospects in Mexico. Europe and Asia
Pacific followed North America and were pushed by customer inclination and advanced
products. The worldwide organic personal care market is mainly characterized by product
innovations.
Some of its players are L’Oreal; The Body Shop; Aveda Corp.; and Amway. Few companies
have introduced ayurvedic substances; like clove, tulsi, lemon, neem, etc.
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