Organic Personal Care Products to reach US$15,693.7 million Market by 2020: Transparency Market Research
By Business Wire News
By Business Wire News
Driven by an increasing level of awareness among consumers and the development of stronger distribution channels, the global organic personal care products market will report a healthy CAGR of 9.3% from 2014 to 2013. According to a report by Transparency Market Research, the organic personal care market stood at US$8,360.5 million in 2013 and is expected to expand steadily to US$15,693.7 million by 2020. These findings are analyzed in TMR’s report, titled, ‘Organic Personal Care Products Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020.’
As consumers worldwide become wary of the harmful effects of the synthetic chemicals contained in cosmetics and personal care products, there is a growing acceptance for organic personal care products. This bodes well for the expansion of the organic personal care products market. However, organic personal care products typically carry a higher price point than their non-organic counterparts. This is a matter of concern for companies trying to establish a stronghold in the market, especially in developing economies.
The report studies the global organic personal care products market by product and geography. By product, the market is segmented into the following: Skin care, cosmetics, oral care, hair care, and others. Skin care products raked in the highest revenues in the global organic personal care products market in 2013. The segment will continue to hold its leading position over the next few years thanks largely to the expanding reach of distribution channels and the launch of new products.
Likewise, on the basis of geography, the global organic personal care products market is classed into: North America, Asia Pacific, Europe, and Rest of the World. North America dominated the market in 2013 with a 34.9% share of global consumption.
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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.