According to the Vision Research Reports, The Organic Personal Care Ingredients market revenue share is set to grow at a yearly rate of 5.3% during 2020-2027, while its valuation is Projected to jump from $ 8.07 Bn in 2019 to $12.3 Bn in 2027.
Rising demand for personal care, coupled with growing awareness regarding personal health and safety, is expected to drive the product demand.
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Rising awareness among consumers from Europe and North America regarding the harmful side effects of the conventional synthetic and chemical ingredients is expected to drive the growth.
Organic personal care ingredients are produced majorly from plant extracts without the introduction of any chemicals or agrochemicals. Skin care, hair care, oral care, and cosmetics are the major application areas for these products. They can be segmented on the basis of ingredient type such as natural surfactants, emollients, active ingredients, sugar polymers, and others.
Growing consumer awareness about the harmful effects of synthetic chemicals used in personal care products and toiletries is expected to propel the demand for organic ingredients. Changing consumer perception toward artificially manufactured chemicals will strengthen the market in near future.
Natural products include those manufactured using ingredients sourced from nature and free from synthetic chemicals, such as parabens, sodium lauryl and laureth sulfates, phthalates, synthetic dyes, and synthetic colors. In addition, these ingredients can be any mineral, animal, or plant derivatives that result directly from agricultural production, harvest, farming, and mining. Natural products do not cause irritation, are environment-friendly, and have no side effects. These advantages are expected to help propel the demand for natural ingredients over the forecast period.
On the basis of product, the organic personal care ingredients market is segmented into natural surfactants, emollients, active ingredients, sugar polymers, natural preservatives, and others. With companies expanding their product portfolios and introducing new products, the demand for organic products is expected to witness growth over the forecast period.
Sugar polymers gained significant market share in 2019 and is expected to continue this trend over the forecast period. Polyols, monosaccharides, and glycogen are some of the sugar polymers used for producing organic products. These polymers are used for manufacturing toothpaste, mouthwash, creams, lotions, make-up, and perfumes or deodorants. In addition, honey, which contains a mixture of oligo and monosaccharides, is used in a number of products, such as face packs, moisturizers, and shampoos.
Active ingredients is expected to experience rapid growth over the forecast period. In skin care products, they are responsible for absorption and acne reduction. Active ingredients are used in all types of skin care, including natural formulations. Strengths of the product used vary depending on the type, such as over-the-counter or prescription-based products.
Skin, hair, and oral care, and cosmetics are the key application segments. Evolving hair styling trends in the fashion industry and the growing percentage of population concerned about grey hair and hair fall are the major driving forces for the hair application segment. In addition, the high prevalence of hair damage and hair fall problems due to increasing pollution and stress is expected to further boost the demand from the organic hair application segment.
The rising importance of the use of natural ingredients such as fruits, vegetables, and herbs that have anti-aging properties in skin care is expected to boost the segment growth. Regulatory bodies such as the European Union (EU) Organic Program and the United States Department of Agriculture (USDA) have laid down various regulations over the years, encouraging the use of organic substances in product formulations.
However, the high manufacturing cost is expected to be a concern for the market participants. Regulatory support for the use of natural ingredients in product formulations in U.S., coupled with the increasing consumption of organic personal care products in countries such as Mexico, India, and China, owing to the increasing disposable incomes and consumer willingness to spend on appearance-enhancing products, is anticipated to drive product demand over the forecast period.
Adoption of the Montreal and Kyoto Protocols by Canada and U.S., for limiting Greenhouse Gas (GHG) emissions has encouraged product manufacturers to deploy organic and natural ingredients in their product offerings, since synthetic ingredient emissions are harmful for the environment.
In addition, the increasing consumption of skin care, hair care, and cosmetics in China and India, aided by new product launches as well as rising awareness regarding aging, effects of UV radiation, and hair fall, is likely to have a positive impact the regional growth.
BASF SE; The Lubrizol Corporation; Croda International Plc; and Huntsman International LLC.; are some of the key market players along with various small and medium companies, such as Jarrow Formulas, Inc.; AEP Colloids; Grain Millers, Inc.; PRIDE SEEDS; and SG Ceresco Inc.
Market SegmentationType Outlook Organic Natural Product Outlook Natural Surfactants Emollients Active Ingredients Sugar Polymers Natural Preservatives Others Application Outlook Skin Care Hair Care Oral Care Cosmetics Others Regional Outlook North America U.S Canada Europe U.K. Germany Asia Pacific China India Japan Central & South America Brazil Middle East & Africa
Key Points Covered in Organic Personal Care Ingredients Market Study:Growth of Organic Personal Care Ingredients Market in 2021 Market Estimates and Forecasts (2017-2030) Brand Share and Market Share Analysis Key Drivers and Restraints Shaping Market Growth Segment-wise, Country-wise, and Region-wise Analysis Competition Mapping and Benchmarking Recommendation on Key Winning Strategies COVID-19 Impact on Demand for Organic Personal Care Ingredients Market and How to Navigate Key Product Innovations and Regulatory Climate Organic Personal Care Ingredients Market Consumption Analysis Organic Personal Care Ingredients Market Production Analysis Organic Personal Care Ingredients Market and Management
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