Demand for Organic to Grow to Over $13 Billion by 2018

July 17, 2013 | Contact Author | By: Abby Penning, GCI
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Keywords: organic | growth | skin care | hair care | North America | Asia-Pacific

Abstract: A new organic-focused beauty market report from Transparency Market Research notes that global demand continues to climb, growing at 9.6% from 2012 to 2018.

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A Penning, available at http://www.gcimagazine.com/marketstrends/segments/skincare/Demand-for-Organic-Beauty-to-Grow-to-Over-13-Billion-by-2018-Report-Says-213160491.html (Accessed Jul 15, 2013)

According to a market report published by Transparency Market Research, the global demand for organic personal care products was over $7.6 billion in 2012 and is expected to reach $13.2 billion by 2018. The market witnessed steady growth in recent years due to increasing consumer concerns regarding personal health and hygiene. However, limited shelf life, raw material supply and a stringent regulatory scenario are expected to be key challenges to market growth over the next five years.

Skin care products dominated the demand in 2011, with a 32.1% share, followed by hair care and cosmetics segments. In terms of revenue, the market for organic skin care products is expected to grow at a rate of 9.9% from 2012 to 2018. North America accounted for 34.8% of the global demand in 2011 and is expected to grow by 9.8% from 2012 to 2018. Europe and Asia-Pacific followed North America in terms of organic personal care product consumption; Asia-Pacific is expected to be the fastest-growing region.

This content is adapted from an article in GCI Magazine. The original version can be found here.