Report Ocean presents a comprehensive research report on Sustainable Personal Care, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Sustainable Personal Care.
The global sustainable personal care market size was US$ 50.1 billion in 2021. The global sustainable personal care market is forecasted to grow to US$ 111.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.5% during the study period from 2022 to 2030.
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COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the sustainable personal care market as the demand for personal care products reduced dramatically. The primary reason was the strict lockdown imposed by government bodies, which prohibited social gatherings. As a result, the demand for personal care products fell, hampering the overall sustainable personal care market. Further, manufacturing units also reduced their operational capabilities in order to save the workforce from the rapidly spreading COVID-19 disease. Therefore, it resulted in a dramatic downfall for the sustainable personal care market.
Factors Influencing the Market
As investments in product research and development have expanded, the efforts in the development of herbal products have increased significantly. Realizing the growing trend of herbal products among consumers, the demand for herbal ingredients is increasing. Industry players are also expanding their reach to increase their revenue. For instance, Refresh Botanical expanded its product portfolio by adding a range of products specifically made for people suffering from sensitive, aging, and acne-prone skin in India. Additionally, the rising user base on e-commerce channels like Amazon, Flipkart, Nykaa, and Smytten, is projected to drive the sustainable personal care market forward.
Overall, the market for sustainable personal care goods has shown that it is more resilient than the market for conventional personal care products and that the wellness narrative affects particular categories. Beauty and personal care e-commerce and digitalization are anticipated to be at the forefront of competition.
Additionally, rising disposable incomes and increasing interest in social gatherings, parties, etc., are expected to benefit the sustainable personal care market during the study period.
Regional Analysis
North America is expected to hold the largest share in the sustainable personal care market, owing to the rising knowledge of sustainable ingredients and products in the region. Further, growing knowledge about the benefits of sustainable personal care, majorly in U.S. and Canada, is expected to stimulate product demand during the study period.
The Asia-Pacific sustainable personal care is predicted to have the most promising growth rate due to the rapidly growing healthcare sector and rising preference for herbal products in the region. The large population of the region and rising urbanization are expected to present potential growth prospects for the market growth during the analysis period.
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Competitors in the Market
Coty Inc.
Colgate Palmolive Company
Estee Lauder Companies Inc.
Johnson & Johnson
Kao Corporation
LOral S.A.
L’Occitane Group
The Procter & Gamble Company
Unilever Plc
Weleda
Other Prominent Players
Market Segmentation
The global sustainable personal care market segmentation focuses on Nature, Type, Sales Channel, and Region.
By Nature
Organic
Natural and Green
By Type
Skin Care
Hair Care
Oral Care
Hygiene Products
Others
By Sales Channel
Hypermarkets
Supermarkets
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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