Rise in the prevalence of skin-related diseases and the expansion of the e-commerce industry are leading to profitable prospects in the organic personal care Market
Wilmington, Delaware, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global organic personal care market is prognosticated to gain a value of US$ 31.4 Bn by the end of 2031, as per a research report by Transparency Market Research (TMR). Additionally, the study finds that the market for organic personal care is expected to grow at a CAGR of 9.3%. That’s during the forecast period from 2022 to 2031.
Players in the global market are focusing on the development of special products. For instance, natural skin care products for black skin. Moreover, the rising demand for the best organic skin care products is fueling the market expansion. States a TMR study that delivers important market insights, including the organic personal care products market share.
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Organic Personal Care Market: Key Findings
- There has been a surge in the use of different skin care products. It’s due to an increase in the prevalence of different skin problems. That includes acne, dry skin, and aging skin among people from across the globe. Hence, the skin care product type segment of the organic personal care market is expected to maintain a prominent position during the forecast period, states a TMR report. This aside, the rising focus of players on the development of the best natural beauty products is resulting in rising in the number of new product launches in this segment. This factor is likely to boost the market segment growth in the near future.