Natural cosmetics, beauty industry, personal care market, competitive dynamics, coronavirus analysis, distribution channel, natural ingredients, France, Germany, Netherlands
The personal care and beauty industry has recently undergone a revolution with fast-changing buyer perceptions toward specific products. Many consumers of beauty and cosmetic products have begun to show interest in knowing more about regularly used products, the benefits, and the ingredients used within the products as well. As such, the increased interest from potential consumers has created more awareness concerning some risky chemicals that may get used in conventional cosmetics and personal care products, and pave the way for organic and natural remedies for the personal care market. It has been proposed that about 60 percent of cosmetic consumers believe common cosmetics and personal products in the market may be unsafe. Additionally, about 56 percent of buyers have been reported to know the primary ingredients used in many cosmetics and personal care products, with 92 percent of the consumers believing in the implementation of stringent measures on the use of some ingredients in cosmetics and personal care products.
[...] Market scope Natural and organic cosmetics, products solely reliant on natural and organic components such as plants, minerals, and animals-based substances, have increasingly been recognized and assimilated by many players within the beauty and personal care industry, as well as many consumers, based on the perception that the natural beauty products are better for both the environment and the body, much like natural organic foods, are for health. Report Attribute. Details Market Size billion dollars. Compound Annual Growth Rate percent (2020-2027). Base Year Forecast Period. 2020-2027. [...]
[...] Following the 2020 data by Eurostat, the country was certainly the largest importer of palm kernel, coconut oil, and babassu oil, as well as fixed vegetable oils and fats to Europe. The country has been recognized as a critical entry point for organic ingredients to Europe, with IMCD and Tradin Organic being the largest traders of organic cosmetic ingredients (Amberg & Fogarassy, 2019). Conclusion Natural and organic cosmetics have taken on a new direction away from synthetic chemicals previously used in the production of beauty and personal care items. [...]
[...] Malaysian Journal of Social Sciences and Humanities (MJSSH), 60-71. Yarkent, Ç., Gürlek, C., & Oncel, S. S. (2020). Potential of microalgal compounds in trending natural cosmetics: A review. Sustainable Chemistry and Pharmacy Zhang, J., & Zhou, M. (2019). Factors influencing consumer purchasing behavior of natural cosmetics: A qualitative study in Uppsala, Sweden. [...]
[...] Organic and Natural Cosmetics Market 2019. Vegetables saps and extracts EUR 14 billion. EUR 1.4 billion. Coconut, palm kernel, and babassu oil - -36.0% Fixed vegetable oils and fats The coloring matter of vegetables and animal origin - Plants and parts of plants Essential oils and oleoresins Between 2016 and 2020, table one outlines the imports of desired organic and natural ingredients for beauty and personal care products to Germany. As evident, a significant increase in imports within all categories apart from palm kernel, coconut oil, and babassu oil, as well as the coloring matter of animal and vegetable origin (Amberg & Fogarassy, 2019). [...]
[...] Additionally, government financing and quick product approval have also fostered a healthy competitive environment for players within the beauty and personal care industry. Market restraints Considerable uncertainties within the beauty and personal care industry are based on the fact that there has not been any explicit regulations or laws on the idea of personal care, since institutional preferences and opinions on organic and natural cosmetics tend to differ from private standards (Zhang & Zhou, 2019). Coronavirus analysis Supply chain delays imposed by movement restrictions and lockdowns, particularly forcing the closure of mortar and brick establishments, have translated into a huge blow to the beauty and personal care industry. [...]
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