The Organic Skin Care Market is estimated to reach $6.8 billion by 2027, growing at a CAGR of 9.4% over the forecast period 2022-2027. Consumers are increasingly opting for natural organic skin care solutions as they are becoming more aware of the
benefits of products created with natural components like plant extracts,
essential oils, fatty acids and beeswax. Increased use of natural products and new product
introductions by skin care companies are contributing to market growth. Beeswax is a type of organic wax used in skin care products and cosmetics due to
its special qualities. Beeswax does have some antioxidant and antibacterial
characteristics. For skin care, Mibelle debuted a
prebiotic fermented honey ingredient on January 31, 2019, based on the
component of black-bee honey that has been fermented with the Zymomonas mobilis
bacterium. The process reportedly helps the component regenerate the skin flora
while rebuilding the skin barrier. Additionally, Black BeeOme can be used in
formulations that aim to treat oily and uneven facial skin, reduce sebum
synthesis and lower sebum production. Moreover, the expansion of the market is
being fueled by several nations providing more opportunities for manufacturers
in the organic skincare market. Europe, for example, continues to provide more
prospects for natural skin care industry participants, owing to the EU's
prohibition on 1300 chemicals in cosmetics alone. Production of natural skincare
has expanded in the region as a result of tight legislation that demands firms
to demonstrate product safety.
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Organic Skin Care Market Growth Drivers
- Increasing Demand for Natural Skin Care Products:
Demand for natural skin care with plant extracts, essential oils, fatty acids, beeswax and other natural ingredients is rising among young consumers. The demand for natural beauty products with such organic ingredients has never been higher, driving both independent and established brands to provide green formulations in order to satisfy the needs of consumers who care about their health. A study related to Global Cosmetic Industry published in May 2019 issue found that 72% of consumers of skin care products concurred that their skin was an organ just like any other. It also added that 50% of consumers were then looking for skin care products that were touted as being all-natural or free of synthetic chemicals. Moreover, 33% of consumers would have liked to purchase products with natural and chemical-free attributes and 30% of consumers were increasing their natural purchases. The market is expanding as a result of the rising awareness of natural and chemical-free skin care products.
- Rising Skin Sensitivity Concerns:
Skin problems like skin sensitivity are on the rise, which would further fuel market growth. Up to 60% of the chemicals in items that come into touch with the skin can be absorbed. According to CDC, Eczema, which is another name for contact dermatitis, develops when a chemical causes an allergic reaction on the skin. The most prevalent type of reported occupational skin disease is contact dermatitis. According to research, contact dermatitis accounts for 90%-95% of occupational skin disease cases in the U.S. To address these difficulties, companies are offering skin care products. For instance, Wonderskin Premium Skin Care, an Indian online beauty retailer, offers organic and natural cosmetics for skin conditions like anti-aging, skin whitening, oily, acne-prone, combination and dehydrated skin.
In January 2022, a strategic alliance between L'Oreal and Verily was revealed to promote precision skin health. It is anticipated that two programs would be included in order to enhance knowledge of the mechanisms behind skin and hair aging and to guide the development of precision beauty products by L'Oreal.
The Major Players in this Market
The major companies in the Organic Skin Care Market include Shiseido Company Ltd, Natura & Co, The Estee Lauder Companies, True Botanicals, Yves Rocher, The Hain Celestial, Purity Cosmetics, Forest Essentials, Weleda AG and Tata Harper.