DUBLIN, August 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Organic Skincare Products Market 2016-2020" report to their offering.
The analysts forecast the global organic skin care products market to grow at a CAGR of 10.18% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Rising need for organic anti-aging products will be a key trend for market growth. Consumers, especially the aging population, are increasingly looking for methods and products to maintain and improve their appearance and look youthful. Currently, out of the total elderly population in the world, the above 65 segment is the fastest growing and constitutes 8% of the total global population. This share is expected to double and reach 16% by 2050. It is also estimated that over the next 10-15 years, baby boomers will turn 65 at the rate of 8,000 individuals per day. Baby boomers constitute a major percentage of the global aging population and accounted for a 75% share of the global anti-aging product market in 2014. The rise in the aging population is therefore expected to drive the growth of the market.
According to the report, demand for multifunctional organic skin care products will be a key driver for market growth. There is significant demand for multifunctional products because of the convenience they offer in terms of time and function. Personal care and beauty products that offer multiple benefits are popular in the market today, especially among consumers who have busy schedules and are cost conscious, and therefore opt for streamlined solutions.
Further, the report states that short shelf life of organic products will be a challenge for the market.
- Estée Lauder
- The Clorox Company
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global organic personal care market
PART 06: Market landscape
PART 07: Market segmentation by type
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/bds5jk/global_organic
Related Topics: Skin Care Products
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SOURCE Research and Markets