August, 2023 - Market Research Future has Published a Report on the Global Organic Face Care Ingredients Market
An upswing in demand for organic ingredients is being observed in the personal care industry. Market Research Future (MRFR) has asserted in its latest report that the global organic face care ingredients market is expected to strike a 4.85% CAGR over the assessment period 2022 to 2030. The market is projected to reach USD 8.12 Billion by the end of 2030. The rising standards of living have paved the way for the expansion of face care products. The shifts in consumer preferences towards organic products due to awareness about preservatives, such as paraben, is anticipated to catalyze the proliferation of the organic face care ingredients market in the foreseeable future.
Increasing awareness, coupled with the availability of a wide range of products, are the key factors expected to drive the proliferation of the market over the next couple of years. Industry leaders are capitalizing on the essence of natural ingredients such as green tea extracts, Aloe Vera, etc. for gaining an edge over its competitors. The economic development of the developing nations has unleashed immense opportunities expected to lead the expansion of the organic face care ingredients market in the forthcoming years.
By type, the global organic face care ingredients market has been segmented into cleansers, moisturizers, exfoliates, serums, and toners.
The organic face care ingredients market, by source, has been segmented into floral extracts, plant leaf extracts, fruits, vegetables, seaweeds extracts, animal sources, and mineral sources.
Based on form, the global organic face care ingredients market has been segmented into liquid, powder, gels, and pastes.
The noted players playing key role in the development of the global organic face care ingredients market are Badger Balm, Dr. Bronner, Beeceuticals Organics, Earth Mama Angel Baby Organics, Lotus Cosmetics USA, Intelligent Nutrients, Motherlove Herbal Company, Trillium organics, Planet Organics, Indian Meadows Herbals, Organic Essence, and Organicare.
The global organic face care ingredients market, by region, is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is anticipated to hold a significant share of the market owing to the increasing purchasing power of the population. Japan and China are likely to dominate the growth trajectory of the global over the next couple of years. The rising shift towards organic products in the region is expected to catapult the organic face care ingredients market on an upward trajectory in the upcoming years.
North America is anticipated to hold a substantial share of the global organic face care ingredients market over the assessment period. The U.S. is prognosticated to emerge as one of the most prominent country-level markets globally and lead the regional market in terms of value. Meanwhile, the Middle East & Africa is likely to exhibit significant growth in the years to come. It is projected to scale a healthy CAGR across the review period owing to large-scale market penetration by global leaders.
In May 2019, eco-friendly beauty and skincare brand, Lush Cosmetics, that offers vegan and cruelty-free beauty products have launched their cleansing balms and face oils in Australia.
In February 2019, Garnier, a mass market cosmetics brand of French cosmetics company L'Oréal, has introduced its latest organic skincare range as a part of its efforts directed towards addressing the growing demand for natural products.
In January 2019, Inna Organic, a Taiwanese beauty brand, has launched its products in the U.S. market. It aims at filling the gaps in the market by introducing its dual-certified organic sheet masks.
In December 2018, US-based Elixinol has announced the distribution of Sativa, its all-natural, hemp-based skin care and hair care line.