The term organic cosmetics refer to products that are obtained from plant ingredients utilized to enhance the overall appearance and to add up to natural beauty. It excludes the usage of synthetic compounds such as sulphur, aluminum salts, phthalates, and parabens, which is extensively used in traditional cosmetic products. In the cosmetic industry, ingredients are certified by certifying institutions. These ingredients are grown and processed under a strict code of guidelines and cleanliness without the interference of chemical materials or genetically modified organisms. Organic cosmetic products are more beneficial over chemical cosmetics. The primary advantage is lowered complications of skin related disorders such as irritation or allergy. Organic cosmetic products nourish, moisturize and take care of skin gently without harming skin.
The global organic cosmetic product market is driven by increased awareness regarding personal appearance and rising health awareness among the population. Additionally, improved standard of living and rising disposable income tremendously affects the market growth positively. Furthermore, government supportive activities in emerging economies have been enforcing the companies to develop organic products that lead to efforts from various multinational corporations, thereby rising overall consumption of cosmetic products in last few years. Moreover, technological discoveries owing to continuous R&D in the area of processing and cost-effective production have boosted the market growth. However, a compressed lifespan of organic cosmetic products, availability of advanced beauty treatments, a high cost of organic cosmetics and fluctuation in crude material supply might act as an obstacle to the market growth. Increasing administrative support and regulations will incorporate significant growth opportunities for key players operating in the market.
The global organic cosmetic market has been segmented into type, distribution channels, and region.
On the basis of type, the market is divided into professional care, makeup cosmetics, fragrances, toiletries and others. Professional care is further subdivided into skin, hair, and others.
On the basis of distribution channels, the market is segmented as supermarkets/hypermarkets, beauty parlors/salons, specialty stores, online channels and others.
Regionally, the market is segmented into North America, Asia-Pacific, Europe, and Latin America, the Middle East & Africa. North America holds the major share of the market owing to high health consciousness and increased awareness among customers with great contribution from U.S. Mexico is experiencing lucrative growth opportunities credited to rising consumption of organic cosmetic products and new product launches by FMCG manufacturers. Europe is the second largest market in organic cosmetic products market owing to growing adoption of naturally derived cosmetics over synthetic variants and supportive regulatory system and is expected to grow moderately over the coming years. Asia-pacific market is anticipated to be the fastest growing region owing to increased GDP, modern lifestyle pattern, the purchasing power of end-user and rising concerns about UV effects, aging and hair fall problems in the region. The Middle East & Africa accounts for the least share of the market due to poor economic condition and less awareness among population especially in African countries.
Some of the key players in the market are: Estée Lauder Inc., L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, KORRES Group, Fenchem, Jasmin Skin Professional Care, I-Green, PT Martina Berto Tbk, Unilever, Shiseido, Benefit Cosmetics, Avon Products, and Better Way (Thailand) Co. Ltd
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