10.01.18
The global organic personal care market is projected to grow 9.5% a year to reach $25.1 billion by 2025, according to a study by Grand View Research, Inc. Rising R&D expenditures to introduce improved plant and animal extracts into various products are expected to fuel demand for organic personal care products during the forecast period. Furthermore, regulations encouraging the use of organic materials in the personal care industry are likely to propel market growth, according to the research group.
Grand View Research insists that growing demand for organic products is leading to an increase in their availability in supermarkets, malls and drugstores. In addition, a booming online marketplace, where consumers can access a wide range of products from any part of the world, has been a primary reason for an increase in the level of accessibility and Grand View Research expects it to remain a key contributing factor over the forecast period. Online stores also give consumers the opportunity to gain access to products that would otherwise not be available in local stores and malls.
Burgeoning popularity of naturally-derived products is the key factor fueling the demand for organic personal care products. Expanding product distribution channels in urban areas is augmenting the product accessibility to consumers. With the introduction of products such as flosses and mouthwashes, the demand for organic oral care products is expected to increase, said the San Francisco-based research firm.
In terms of value, the global revenue for hair care is anticipated to reach $6.62 billion by 2025, rising 9.8% year-on-year to 2025. However, Grand View Research notes that skin care applications dominated the market in terms of revenue in 2017, commanding more than one third of the market, owing to the ability of organic ingredients to impart antioxidation properties and improve skin health.
More info: www.grandviewresearch.com
Grand View Research insists that growing demand for organic products is leading to an increase in their availability in supermarkets, malls and drugstores. In addition, a booming online marketplace, where consumers can access a wide range of products from any part of the world, has been a primary reason for an increase in the level of accessibility and Grand View Research expects it to remain a key contributing factor over the forecast period. Online stores also give consumers the opportunity to gain access to products that would otherwise not be available in local stores and malls.
Burgeoning popularity of naturally-derived products is the key factor fueling the demand for organic personal care products. Expanding product distribution channels in urban areas is augmenting the product accessibility to consumers. With the introduction of products such as flosses and mouthwashes, the demand for organic oral care products is expected to increase, said the San Francisco-based research firm.
In terms of value, the global revenue for hair care is anticipated to reach $6.62 billion by 2025, rising 9.8% year-on-year to 2025. However, Grand View Research notes that skin care applications dominated the market in terms of revenue in 2017, commanding more than one third of the market, owing to the ability of organic ingredients to impart antioxidation properties and improve skin health.
More info: www.grandviewresearch.com
