According to Future Market Insights’ latest industry analysis, the global market size for organic cosmetics is estimated to be around USD 21558.3 million in 2024. It is projected to exhibit a CAGR growth of 5.10% over the forecast period, with an estimated market size of USD 35452.08 million in 2034.
Over the last few years, environmental sustainability has been a growing concern in developed and developing countries. This has resulted in a greater demand for eco-friendly organic cosmetics. The influence of social media and beauty influencers is also playing a significant role in the rise of organic cosmetics. By promoting organic lifestyles and beauty trends to their millions of followers, these influencers have helped increase the popularity of these products.
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The global healthcare and wellness sector has also shown an increasing demand for organic cosmetics, with professionals and spas embracing holistic treatments. Consumers are now more aware of the ingredients in their cosmetics and are demanding greater transparency from manufacturers. Health-conscious individuals, environmentally aware consumers, and ethical shoppers are among those driving sales of organic cosmetics.
Traditional cosmetics companies have also embraced organic lines to meet the rising demand for natural and eco-friendly options. This is a sign that the trend towards organic cosmetics is here to stay. Expansion of distribution channels, including dedicated beauty platforms in emerging economies, has also boosted the accessibility of organic cosmetics to consumers.
“Sustainability and clean-labeling of products is the ongoing trend in this industry. Companies in the organic cosmetics market must invest in research and development to innovate sustainable formulations and packaging materials,” opines an FMI analyst.
Key Takeaways from the Market Study
- The skin care segment dominates the global organic cosmetics market with a share of 40.00%.
- Based on end user, the women segment leads the organic cosmetics market with a share of 32.50%.
- The organic cosmetics market in Japan is anticipated to grow at a CAGR of 10.30% through 2034.
- The organic cosmetics market in China is estimated to rise at a 7.50% CAGR through 2034.
- The organic cosmetics market in India has the potential to increase at 8.50% CAGR through 2034.
- The Singaporean organic cosmetics market is predicted to rise by 6.40% CAGR through 2034.
- The organic cosmetics market in Canada is very likely to grow at a CAGR of 4.90% through 2034.
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Competitive Landscape
- The organic cosmetics market is highly competitive, with both established players and new start-ups vying for market share.
- Prominent companies in the market include Estee Lauder, L’Oréal Group, WELEDA Inc., Groupe L’ OCCITANE, KORRES Group, The Clorox Company, and The Honest Company.
- To cater to eco-conscious consumers, these companies invest heavily in developing organic products with minimal chemical additives.
- This competition has resulted in a diverse range of cosmetic products in the international marketplace.
Recent Developments:
- In October 2023, Sky Organics, known for being the leading Castor Oil brand in the U.S., introduced new organic skincare innovations. The family-founded company highlighted its dedication to sustainable beauty care by blending potent ingredients for nourished, moisturized skin, reinforcing its commitment to delivering exceptional products.
- In January 2024, Lipoid Kosmetik AG announced a collaboration with the NATRUE label for an extensive range of products. This partnership underscores Lipoid Kosmetik’s dedication to quality and sustainability, providing consumers with globally recognized natural and organic cosmetic options.
- In October 2023, British-American model Georgia May Jagger unveiled May Botanicals, a new organic skincare brand. Fueled by dissatisfaction with existing offerings, Jagger’s five-piece collection combines science-based functionality with responsibly sourced, organic ingredients, addressing the demand for effective natural beauty solutions.
Country-wise Insights
| Countries | CAGR |
|---|---|
| Japan | 10.30% |
| India | 8.50% |
| China | 7.50% |
| Singapore | 6.40% |
| Canada | 4.90% |
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Who is winning?
- L’Oréal
- Procter & Gamble
- Estée Lauder
- Unilever
- Shiseido
- Johnson & Johnson
- Coty Inc.
- Beiersdorf
- Avon Products
- Kao Corporation
- Revlon
- Henkel
- Amorepacific Corporation
- Mary Kay Inc.
- Natura &Co
- Colgate-Palmolive
- Oriflame Cosmetics
- And More..
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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