The global Organic personal care ingredients market demand is estimated to reach USD 12.4 billion by 2027, exhibiting a volume-based CAGR of 5.4% over the forecast period, according to a new report published by Grand View Research, Inc. 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.
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The natural appeal of products manufactured using organic personal care ingredients is one of the major factors driving the growth of the market. North America and Europe are anticipated to witness significantly high demand owing to the presence of a large number of millennial population. However, significant concentration of the personal care and cosmetics industry in East Asian countries, such as India and China has significantly driven the product consumption in Asia Pacific.
Increasing R&D investments coupled with associated technological innovations in the area of plant extracts and optimization of the process of extraction has accelerated the production volume of organic personal care ingredients in the market. However, a significantly large entry barrier for the new players owing to the requirement for a high capital investments in bio-refinery set-up coupled with government regulation compliance poses as a significant threat to new entrants.
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Organic Personal Care Ingredients Market Report Highlights
· In North America, the natural surfactants product segment is poised to expand at a CAGR of 3.1% in terms of revenue over the forecast period
· Demand from U.S. is anticipated to continue occupying a significant market share in near future. Growing inclination toward natural and user-friendly ingredients based products is a primary growth stimulant
· The market for organic personal care ingredients is highly competitive in nature with the presence of a number of multinational companies with huge product portfolios
· Some of the key companies present in the organic personal care ingredients market are AkzoNobel N.V.; Cargill, Inc.; BASF SE; The Lubrizol Corporation; Croda International Plc; Huntsman International LLC.; Ingredion Incorporated; Clariant International Ltd.; and Evonik Industries. The companies engage in mergers and acquisitions and portfolio expansions to gain greater market share
Organic Personal Care Ingredients Market Segmentation
Grand View Research has segmented the global organic personal care ingredients market on the basis of type, product, application, and region:
Organic Personal Care Ingredients Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
· Organic
· Natural
Organic Personal Care Ingredients Product Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
· Natural Surfactants
· Emollients
· Active Ingredients
· Sugar Polymers
· Natural Preservatives
· Others
Organic Personal Care Ingredients Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
· Skin Care
· Oral Care
· Hair Care
· Cosmetics
· Others
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Regional Outlook |
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· North America |
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· Europe |
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· Asia Pacific |
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· Central & South America |
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· Middle East & Africa |
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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