The sustainable personal care market was valued at $50,791.8 million in 2021, and is estimated to reach $129,693.9 million by 2031, registering a CAGR of 9.5% from 2022 to 2031.
Innovation is considered the key business strategy to drive economic growth, but it also plays a major role in tackling social and environmental issues, such as chemical abuse, environmental pollution, and natural resources shortages. Companies, nowadays, are facing growth limits because of various environmental issues. Challenges coming from the sustainable development of society and business imply the increasing need for more intelligent innovations. Sustainability-related innovation or sustainable innovation was put forward to address this new wave of business innovation strategy to help understand how new technologies and social practices enable companies to become more sustainable.
Sustainability is an emerging trend in food and beverage, personal care, cosmetics, nutraceuticals, animal feed, and many other industries. Today, consumers are more concerned about the environment like never before, owing to the easing pollution, limited natural resource, and global warming. Thus, natural ingredients and reusable and biodegradable packaging are the key factors that consumers look at before buying any products. Besides, governments, lawmakers, and organizations are promoting sustainability, which leaves a huge impact on the growth of the global sustainable ingredients market.
Sustainable personal care products attach more health concerns than traditional ones. In general, personal care companies usually focus on the benefits and special functions their products can provide for customers, with details on the product ingredients. As a result, customers pay attention to the composition of the product. The personal care industry aims to serve consumers quickly, safely, and efficiently with the most sustainable solutions. Cosmetics manufacturers’ strive to maximize their positive impact and minimize any negative ‘footprint’ on the environment, economy, and society in general. Business strategies are being re-assessed through a sustainability lens to analyze their contribution to this overall impact.
Besides, increase in demand for natural and organic ingredients and products from consumers across the globe due to a rise in awareness about health and wellness, well-informed consumers, and increase in knowledge about ingredients used in different products are the key growth drivers of the sustainable personal care market.
Skin care products are used to enhance and maintain the appearance of human skin. There are a variety of products available in the market, such as cleansers, toners, body lotions, oils and serums, and creams with alpha-hydroxy acids, beta-hydroxy acids, and retinol as some of their key ingredients. These products aid in the regular replenishment of the dying skin cells and counter the signs of aging, such as wrinkles, fine lines, and age spots while maintaining overall skin health. The global skin care products market is highly diversified as it varies from region to region catering to a wide range of skin types present across the globe.
The improving quality of life, the positive effects of sustainable personal care on self-esteem and social interaction, and the gradual consumer shift toward premium and luxury cosmetic brands are a few factors that are likely to propel the market growth during the forecast period.
Face creams and moisturizers are gaining increasing popularity globally, as people are becoming more conscious of their physical appearance along with being more concerned about skin disorders and malignancies of the skin. Furthermore, the demand for vegan or blends of plant-based ingredients in these products has increased with a rise in the number of consumers opting for cruelty-free products due to their increased consciousness regarding animal welfare and the environment. An increase in the number of people are becoming a part of corporate culture and giving importance to personal grooming, which fuels the growth of the sustainable personal care market. The market is anticipated to be driven by an increase in spending. Consumers generally practice shaving for the removal of their facial hair. Growing awareness about self-grooming, coupled with the rise in disposable income, is expected to positively impact market growth. Increasing awareness through advertisements, social media blogs, YouTube channels, and influencers is likely to augment the demand further.
The high cost of sustainable personal care products is a major restraint to the sustainable personal care market, since it leads to an increase in demand for regular personal care products. North America and Europe are the leading regions in the global sustainable personal care market owing to the high spending power of consumers on health and wellness products. Whereas, Asia-Pacific and LAMEA are expected to offer huge growth opportunities during the forecast period. Furthermore, regular personal care products with similar characteristics and benefits are commonly available, which in turn restrains the growth of the global market.
The sustainable personal care market is segmented on the basis of nature, type, sales channel, and region. On the basis of nature, the market is categorized into organic and natural/green. By type, it is segregated into skin care, hair care, oral care, hygiene products, and others. Depending on sales channel, it is fragmented into hypermarkets/supermarkets, specialty stores, online retail, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, United Arab Emirates, and Rest of LAMEA).
Key players in the global market have adopted a variety of development methods to grow their market share, boost their profitability, and stay competitive. The key players profiled in this report include, Coty Inc., Colgate Palmolive Company, Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, L’Oréal S.A., L'Occitane Group, The Procter & Gamble Company, Unilever Plc, and Weleda.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global sustainable personal care market along with the current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2021 to 2031 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates the competitiveness of the market by analyzing various parameters such as the threat of new entrants, the threat of substitutes, the bargaining power of the buyers, and the bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Nature
- Organic
- Natural and Green
By Type
- Skin Care
- Hair Care
- Oral Care
- Hygiene Products
- Others
By Sales Channel
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Retail
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA
Key Market Players
- Coty Inc.
- Colgate Palmolive Company
- Estee Lauder Companies Inc.
- Johnson & Johnson
- Kao Corporation
- L’Oréal S.A.
- L'Occitane Group
- The Procter & Gamble Company
- Unilever plc
- weleda uk
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SUSTAINABLE PERSONAL CARE MARKET, BY NATURE
CHAPTER 5: SUSTAINABLE PERSONAL CARE MARKET, BY TYPE
CHAPTER 6: SUSTAINABLE PERSONAL CARE MARKET, BY SALES CHANNEL
CHAPTER 7: SUSTAINABLE PERSONAL CARE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Sustainable Personal Care Market,' the sustainable personal care market was valued at $50.8 billion in 2021, and is estimated to reach $129.7 billion by 2031, growing at a CAGR of 9.5% from 2022 to 2031.The sustainable personal care market manufactures cosmetics and personal hygiene goods for consumers. Cosmetics and personal hygiene are two subcategories of personal care. Wet wipes, toothpaste, toilet paper, talcum powder, moisturizer, shaving cream, razors, perfumes, pomade, nail files, makeup, lotion, lipstick, lip gloss, hair clippers, facial tissue, eyeliner, deodorant, cotton pads, cotton swabs, colognes, and cleansing pods are just a few personal care products available in the market. The global personal care industry is quite diverse, and it may be divided into two categories, namely, personal care items and personal care appliances. Personal care appliances have been increasingly popular around the world in recent years, and creative products on the market each year are fueling the demand for a sustainable personal care market.
One of the major drivers of the global sustainable personal care industry is the growing popularity of sustainable skin care products. When it comes to skin care, every consumer looks for new and sustainable ingredients, which have a positive impact on health and society. Organic and natural are the emerging trends in the food and beverage and personal care industry across the globe.
The sustainable personal care market growth is quickly approaching as compared to the pre-COVID growth rates, due to the economic recovery in most emerging economies, and a stable growth rate is envisaged throughout the forecast period. Unusual situations, on the other hand, depict a bleak picture as a result of the anticipated third and subsequent waves. For decades, sustainable personal care has been used to cure a variety of ailments. There is scientific evidence that it may help with a variety of ailments, including anxiety, sadness, infection, and pain management. Antibacterial, antioxidant, and anti-inflammatory effects are thought to exist in it. These factors are projected to boost sustainable personal care market share after the COVID-19 prediction period.
The sustainable personal care market is segmented on the basis of nature, type, sales channel, and region. On the basis of nature, the market is categorized into organic and natural/green. By type, it is segregated into skin care, hair care, oral care, hygiene products, and others. Depending on sales channel, it is fragmented into hypermarkets/supermarkets, specialty stores, online retail, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, United Arab Emirates, and Rest of LAMEA).
On the basis of nature, the organic segment was valued at $28,323.2 million in 2021 and is expected to reach $74,058.5 million by 2031 at a CAGR of 9.8%. This is majorly attributed to the increasing demand for pesticide-free, clean label, and natural products from the consumer. Organic sustainable personal care product is made from plant ingredients that have been grown in soil that is free of pesticides, fungicides, herbicides, and synthetic fertilizers, as well as containing no genetically modified organisms (GMOs). These factors are likely to contribute to the sustainable personal care market size through the organic segment during the forecast period.
By type, the skin care segment is expected to grow at a CAGR of 9.2% during the forecast period. Skin care products play a crucial role in human behavior. Every individual wants to look attractive by maintaining healthy and glowing skin. Skin care products, such as serums, moisturizers, exfoliators, body lotions, and eye creams help in maintaining healthy and glowing skin. Besides, sustainable skin care products are made by using natural and organic ingredients having minimum or no side effects on human health or the environment, which is expected to fuel the demand for sustainable personal care during the forecast period.
- On the basis of sales channels, the online retail segment was valued at $11,984.6 million in 2021 and is expected to reach 32,941.4 million by 2031 at a CAGR of 10.3%. An increase in the adoption of e-commerce portals in developing regions and a rise in the number of offers or discounts provided by these sites attract end users, including home consumers and institutions to purchase sustainable personal care through e-commerce platforms. Furthermore, e-commerce platforms have expanded customer reach, resulting in it becoming a major source of revenue for many businesses. Moreover, due to the rapid increase of internet-enabled mobile user bases in emerging nations, the e-commerce sector is likely to expand in the future.
The players operating in the market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market by following the sustainable personal care market trends. The key players profiled in the sustainable personal care market analysis report include, Coty Inc., Colgate Palmolive Company, Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, L’Oréal S.A., L'Occitane Group, The Procter & Gamble Company, Unilever Plc, and Weleda.
Key findings of the Study
- The sustainable personal care market size was valued at $50,791.8 million in 2021, and is estimated to reach $1,29,693.9 million by 2031, registering a CAGR of 9.5% from 2021 to 2031.
- By nature, sustainable personal care market opportunities segments was organic and is estimated to witness the fastest growth, registering a CAGR of 9.8% during the forecast period.
- By type, the skin care segment was valued at $25,824.6 million in 2021, and is estimated to reach $64,207.3 million by 2031, registering a CAGR of 9.2% from 2022 to 2031 in the global sustainable personal care market forecast period.
- By sales channel, the hypermarkets/supermarkets segment was valued at $19,266.8 million in 2021, accounting for 37.9% of the global sustainable personal care market share.
- In 2021, the U.S. was the most prominent market in North America, and is projected to reach 36,344.5 million by 2031, growing at a CAGR of 9.1% during the forecast period.
Companies Mentioned
- Coty Inc.
- Colgate Palmolive Company
- Estee Lauder Companies Inc.
- Johnson & Johnson
- Kao Corporation
- L’Oréal S.A.
- L'Occitane Group
- The Procter & Gamble Company
- Unilever plc
- weleda uk
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | May 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 50791.8 million |
| Forecasted Market Value ( USD | $ 129693.9 million |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
