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Description
Organic Personal Care Market size was valued at USD 14.52 billion in 2021 and is expected to grow at a CAGR of 9.2% from 2022 to 2028. Awareness about benefits of organic personal care products, easy availability of these products across various distribution channels, rising popularity, growing aspirations of consumers for better hygiene, health, and beauty in modern times, government regulation and support, increasing beauty concerns and rising disposable income of individual are some key factors fostering the market growth. However, factors such as high costs of the products are hampering the market growth.This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The rise is likely to be driven by expanding demand for cosmetics, skin and hair care, as well as a growing need for environmentally and animal-friendly products. Increasing R&D spending to incorporate enhanced plant and animal extracts into diverse goods is likely to boost product demand even further. Furthermore, strict rules encouraging the usage of organic materials in the skin care industry are expected to drive market expansion.
Key Developments:
In Jan 2015, Amway acquired XS Energy Brand. Amway and XS together will strengthen efforts in the years ahead and create more opportunities for aspiring business people.
