Market Trends of Organic Skincare Products Industry
This section covers the major market trends shaping the Organic Skincare Products Market according to our research experts:
Paraben-free Products are Being Increasingly Launched
Parabens are the most widely used preservatives in cosmetics and pharmaceutical products. Consumers are becoming more concerned about avoiding parabens as an ingredient in their skincare products as they have many side effects. They can disrupt hormones in the body and also cause skin irritation. With the growth of organic products, synthetic compounds like propylparaben and butylparaben are not considered safe. If a product is paraben-free, the label will typically show "free from parabens." Labels stating Isopropylparaben and isobutylparaben also indicate the absence of parabens. For the beauty industry, many categories still derive a significant share of sales from products with parabens and other undesirable ingredients. However, those categories are shifting to paraben-free skincare products. In January 2021, Renee Cosmetics launched premium face oils. the product is FDA- approved and claims to be crulty-free, paraben-free, and organic.
Asia-Pacific Registering the Highest Growth Rate
Asia-Pacific is one of the most diverse and dynamic markets in the cosmetic industry across the world in terms of many popular categories, such as skin care, sun care, hair care, color cosmetics, deodorants, and fragrances, which are the most commonly used in this region. Hence, the region remains a potential market for organic skincare products worldwide. The Asia-Pacific region is expected to witness the fastest growth during the forecast period. An aging population, increasing awareness of organic products, an increasing number of millennials and more working women are the driving factors for organic skincare in this region. The market players are also encouraging consumers to buy organic products through advertising and promotions. They are expanding their portfolios in the market considering the demand for it. For instance, in June 2022, a leading skin care brand Samisha Organic launched new skin care products in Indian market. The products include moisturizers, foot care creams, face wash, and hair & nail care creams. Also, with increasing investments toward branding and advertising organic skincare products in the region, this market is expected to flourish during the forecast period. Moreover, in Asia-Pacific, China dominates the market studied, followed by Japan, South Korea, and others.
