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The increasing prevalence of skin issues is expected to propel the growth of the organic skincare market going forward.
August 23, 2023
By: Melissa Meisel
The global organic skincare market jumped 10.9% to $10.91 billion in 2023, according to a new report from Research And Markets. The organic skincare market is expected to increase 10.2% to $16.1 billion by 2027.
Product innovations are a key trend gaining popularity in the organic skincare market. Major companies operating in the organic skin care products market are focused on developing new products to strengthen their position. For instance, in June 2022, Biologi, an Australia-based natural skincare and organic skincare brand, launched the first-ever anti-pollution serum that contains a wild-harvested extract called the BG Defense anti-pollution serum. Biology said that this new serum contains strawberry gum leaf as the main ingredient, which is a perfect protector against environmental triggers and aggressors, said the report.
The increasing prevalence of skin issues is expected to propel the growth of the organic skincare market going forward. Skin issues or diseases are conditions that affect the skin and may cause rashes, inflammation, itchiness, or other skin changes. Organic skin care products are helpful to minimise skin issues as they are natural products and are suitable for all types of skin.
Fungal skin infections (8.9%), acne (5.4%), and atopic dermatitis or eczema (5.5%) were the most common conditions . Further, in April 2022, the American Journal of Managed Care, a US-based peer-reviewed journal, found that 43% of 40,000 patients had at least one skin condition or issue within the last 12 months. Therefore, the increasing prevalence of skin issues is driving the organic skincare market.
The organic skincare market consists of revenues earned by entities by providing skin care services such as nail care, hair care. The market value includes the value of related goods sold by the service provider or included within the service offering. The organic skincare market also includes sales of serums, moisturizers, exfoliators, body lotions and eye creams, which are used in providing skincare services.
North America will be the largest region in the organic skincare market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the organic skincare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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