Industry Forecast

Organic Cosmetic Ingredients Market Size, Industry Analysis Report & Forecast, 2016 – 2023

Press Release   •   Oct 18, 2016 08:14 EDT

Organic cosmetic ingredients market size is expected to be driven by demand for naturally sourced products and rise in consumer health consciousness.

U.S. organic cosmetic ingredients market size accounted for more than 30% of the global share in 2015. Asia Pacific is expected to witness notable growth over the forecast period owing to increase in standard of living and growth in natural cosmetic ingredients products demand from countries such as China, Japan and India.

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Europe organic cosmetics market size was estimated to be worth over USD 2.5 billion in 2015. The region is anticipated to grow at significant rate due to stringent government regulations pertaining to the use of synthetic ingredients in cosmetic products. Middle East & Africa (MEA) is likely to be an attractive market due to high standard of living and huge preference for beauty and skin care products in Turkey, UAE, and South Africa.

Organic personal care market size was valued at over USD 9 billion in 2015. Organic fragrance ingredients market size was valued at USD 13 billion in 2015 and is expected to reach around USD 19 billion by 2023, growing at a CAGR of more than 4.5% from 2016 to 2023. Growth in healthier lifestyle coupled with increasing preference for perfumed personal care product is likely to be among the key factors to drive demand. However, these ingredients are hard to source and expensive. High cost fragrance ingredients are projected to affect organic cosmetic ingredients market price trend.

Organic cosmetic ingredients market includes plant extracts, proteins, vitamins, waxes (shea butter, coconut, groundnut, palm, and palm kernel oil), thickening agents, oil & fats, additives, preservatives and perfumery oils. Increase in health concerns and growth in green technology trend is replacing synthetic products such as parabens, aluminum salts, phthalates and petrochemical which are toxic and hazardous to health.

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Growing popularity of cosmetic products such as skin whitening cream, face wash, moisturizing lotions, sunscreen lotion, facial wipes, and deodorants among the male population is likely to create growth opportunity for the organic cosmetic ingredients market over the forecast period.

Regulatory standards such as Soil Association, Ecocert, ICEA, Cosmebio, BDIH, NPA, OASIS, and NSF in Asia Pacific, Europe, and North America help certify and formulate the naturally derived products in these regions. Moreover, international and regional institutes such as NaTrue and Cosmos are also anticipated to enhance organic cosmetic ingredients demand. Shorter shelf life of these natural products is anticipated to be a key growth restraint.

Organic cosmetic ingredients market share is comprised of Bare Escentuals, The Body Shop, Burt’s Bee, Amway, Aveda Corp, Kiehl’s, Natura Cosméticos S.A., Origins, Aubrey Organics, and L’Oreal.

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Recently, Aubrey Organic has created a preservative with grape seed extract and vitamins which would help to increase the organic cosmetic product shelf life. This development would facilitate the manufacturers to overcome the short shelf life restraint.

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