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The Organic And Natural Cosmetics Market On A Global Scale
The cosmetics room has undergone a paradigm shift following the ban by the FDA and the European Union of hundreds of potentially damaging chemical ingredients in the cosmetics span even after strict cosmetic regulatory compliance requirements.
By 2022, it is expected to hit USD 19.8 billion in the market for organic care and cosmetic products, recording a 10.2% CAGR over the estimated 2016-2022 period. Personal care and cosmetics are chemical or organic compound blends, which are used to improve the overall appearance or to improve personal hygiene.
Natural treatment and cosmetics consist primarily of plant products, not including chemicals such as parabens, phthalates, aluminium salts, and petrochemicals that can affect the health of a person.
Increased awareness of beauty and health are critical factors for the growth of the industry. Also, market operators have made multiple efforts to introduce many items on the market, thus supplementing growth in the industry.
Cosmetic ODM, manufacturers of contracts, and manufacturers of beauty goods are moving away from ...
... chemical based cosmetic products towards natural substances, including natural antioxidants, aloe vera gel, and floral extract.
In recent years there has been an increasing demand for natural cosmetics from consumers' propensity to make-up free from chemicals and realistic solutions. Furthermore, a 'green beauty' and 'clean beauty' movement has driven beautiful artists to go back and manufacture new formulas using both conventional and local ingredients.
In their latest bid, Future Consumer Insights has shown that worldwide sales of natural cosmetics reached US$ 36 billion by 2019 by examining historical statistics and current trends.
What are the top factors impacting the world's care and cosmetics market?
Here are the top two factors impacting the world personal care and cosmetics market:
1. Increasing beauty concerns
In particular, in the urban areas of developing and emerging countries, the capacity to spend has increased. The increased use of cosmetic products by individuals is primarily due to extreme weather conditions in different areas, such as Africa and the Middle East.
2. Rising disposable income of an individual
Individual disposable income is a critical factor in the development of the organic personal care and cosmetics sector. Accessible income boosts consumer spending, thus increasing cosmetic product sales. Currently, the growth of the global cosmetics market is driven by rising GDPs in different countries.
According to the Federal Government of the US, in contrast to developing countries, the GDPs of emerging countries has dramatically increased. The improvement of economic conditions in the emerging markets has also raised individuals' disposable incomes.
The growth of the industry has been driven by an increase in disposable earnings and individuals' expenditure on personal luxury goods. The selling of organic personal care and beauty products has increased.
So these are the top factors impacting the world’s care and cosmetics market.
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