Direct Sellling Brands Among Personal-Care Products Market To Hit $16 Billion By 20200
Direct Sellling Brands Among Personal-Care Products Market To Hit $16 Billion By 2020
The organic personal-care products market, which accounts for 35 percent of all category sales, is expected to reach $16 billion by 2020, according to a new report by market intelligence firm Zion Research.
Direct selling brands Arbonne International, Amway, and Natura Cosmeticos SA are key players in the market, alongside traditional retail brands such as The Body Shop, Burt’s Bees and Aveda Corp.
In 2014, sales of organic moisturizers, shampoos and other products topped $9.2 billion, putting the expected compound annual growth rate (CAGR) at 9.5 percent through 2020. Currently, organic skincare is the most popular segment, accounting for 32 percent of market sales in 2014.
North America dominates global sales of organic personal-care products, trailed by Europe and Asia Pacific; however, demand for organic products is increasing in emerging markets such as China and India.
As a growing number of consumers eschew synthetic products in favor of organic offerings, manufacturers face a new set of challenges in bringing their products to market, the research found. Among them are the short shelf life and higher prices associated with organic products, which consist of natural ingredients obtained from plants.
Zion Market Research
Zion Market Research analyzes estimates and forecast the global organic personal care products market demand. The demand is estimated in terms of revenue during the forecast period of five years from 2015 to 2020. The study offers a holistic view of the market with the review of market drivers, challenges and opportunities. It also provides the level of impact of drivers and restraints on the market between 2015 and 2020.