Global Organic Personal Care Market By Product (Skin Care, Hair Care, Oral Care, Cosmetics) Expected To Reach USD 15.98 Billion By 2020
July 2014 The global market for organic personal care is expected to reach USD 15.98 billion by 2020. Increasing consumer awareness regarding the benefits offered by organic products is expected to be a key factor in developing market demand over the next six years. Product innovation, especially in the field of herbal extracts, antioxidants and exfoliants is expected to provide consumers with an array of products to choose from. Favorable regulations pertaining to use of organic products and increasing purchasing power in Asia Pacific is expected to serve as growth opportunity for this market over the forecast period. Browse Full Report With TOC @ http://www.radiantinsights.com/research/organic-personal-care-market-analysis-by-products-skin-care-hair-care-oral-care-cosmetics-and-segment-forecasts-to-2020 Skin care was the largest product segment in terms of revenue in 2013, and accounted for over 32% of global revenue, estimated at USD 2.73 billion, growing at a CAGR of 9.8% from 2014 to 2020. Increasing awareness among consumers regarding harmful effects of synthetic products on the body coupled with high appearance consciousness has fuelled the demand for organic skin care products. In addition, frequent product launches and widening of distribution channels is further expected to raise the demand over the forecast period. Hair care was the second largest product segment and accounted for around 25% of market share in terms of revenue in 2013. The market is expected to witness significant growth, at an estimated CAGR of 9.6% from 2014 to 2020. Further key findings from the study suggest: In terms of revenue, North America dominated the global market accounting for over 35% of total market revenue, valued at USD 2.95 billion in 2013. The market is expected to witness swift growth at an estimated CAGR of 9.8% from 2014 to 2020 due to easy availability of products provided by various multinational and domestic companies. In Europe, Germany and France accounted for over 30% of market demand in 2013 and are expected to witness rapid growth, at an estimated CAGR of 10.0% and 9.6% from 2014 to 2020, respectively owing to increase in affluent population and awareness of benefits related to organic products. Asia Pacific organic personal care market revenue was estimated at USD 2.01 billion in 2013, and is expected to reach USD 3.77 billion in 2020, with significant growth rate of CAGR 9.3% from 2014 to 2020, owing to increasing demand in Japan due to its cultural belief of using organic and natural products. Key participants in global organic personal care market include Bare Escentuals, The Body Shop, Estee Lauder, Burt's Bee, The Hain Celestial Group, Amway, Yves Rocher, Aveda Corp., Kiehl's, Arbonne International and Natura Cosmeticos S.A. About Radiant Insights Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. For more information visit, Radiant Insights Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Blog: http://www.radiantinsightsinc.blogspot.com
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