The competitive landscape of the global organic personal care market is a one with intense competition. There are several established players in the market that are striving for maintaining their brand position. Furthermore, there has been a substantial increase in the number of local vendors in the market that has also fueled the competition in the market. This increased competition is helping the growth of the global organic personal care market. The companies are investing more on devising marketing strategies that will help them grow even more. In the next few years, these companies are projected to cater to the growing demand from the regional end users with respect factors such as dietary habits and weather conditions that have a negative impact on hair and skin. Some of the biggest brands in the global organic personal care market include names such as Estee Luader, Natura Cosmetics SA, L’Oreal SA, The Body Shop, and Amway among others.
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Growing Awareness about Use of Organic Products is Helping Market Growth
There are several factors that are helping to push the development of the global organic personal care market. One of the key driving factors is the growing spending power of consumers. Moreover, growing awareness about the use and benefits of organic personal care products for grooming and wellness is also creating a huge demand for the market. In coming years, it is expected that with the growing use of chemicals and other inorganic materials in the production personal care products will hamper people’s health. This is expected to prompt end users to switch to organic personal care products and thus help in the further development of the global market. There has been a growing trend of living a chemical-free life. This too has had a significant impact on the development of the global organic personal care market.
The competitive landscape of the global organic personal care market is a one with intense competition. There are several established players in the market that are striving for maintaining their brand position. Furthermore, there has been a substantial increase in the number of local vendors in the market that has also fueled the competition in the market. This increased competition is helping the growth of the global organic personal care market. The companies are investing more on devising marketing strategies that will help them grow even more. In the next few years, these companies are projected to cater to the growing demand from the regional end users with respect factors such as dietary habits and weather conditions that have a negative impact on hair and skin. Some of the biggest brands in the global organic personal care market include names such as Estee Luader, Natura Cosmetics SA, L’Oreal SA, The Body Shop, and Amway among others.
Growing Awareness about Use of Organic Products is Helping Market Growth
There are several factors that are helping to push the development of the global organic personal care market. One of the key driving factors is the growing spending power of consumers. Moreover, growing awareness about the use and benefits of organic personal care products for grooming and wellness is also creating a huge demand for the market. In coming years, it is expected that with the growing use of chemicals and other inorganic materials in the production personal care products will hamper people’s health. This is expected to prompt end users to switch to organic personal care products and thus help in the further development of the global market. There has been a growing trend of living a chemical-free life. This too has had a significant impact on the development of the global organic personal care market.
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North America to Emerge as Leading Regional Segment
With such substantial driving factors working in favor of the market growth, the global organic personal care market will exhibit a massive CAGR of 11.3% for the given forecast timeframe of 2017 to 2024. With such eye catching rate of growth, the global market is expected to reach a valuation of US$18.7 by the fall of 2024. The initial valuation of global organic personal care market was at US$10.9 bn recorded in 2017. In terms of type of products, the segment of organic hair care products is projected to be the highest contributor. The segment is projected to reach a valuation of US$5.7 bn by the end of the forecast period in 2024. In terms of geographical segmentation, the segment of North America is expected to emerge as the leading regional segment. The valuation of the North America regional segment for organic personal care market is expected to reach US$5.8 bn by 2024.
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