5/2/2023 0 Comments Purity cosmeticsA healthy skin care regime helps brighten skin and suppress acne caused due to environmental factors such as pollution, and UV rays. Growing awareness among millennial men about the benefits of skincare will further robust the market growth. For instance, in February 2021, Lulu’s Holistics, a chemical-free skincare brand with three brick-and-mortar stores in Florida and New York and an online site, tripled its revenue to USD 5 million in 2020, owing to its operation online even after the shutdown of the retail stores due to the pandemic. Brands are penetrating online with a major shutdown of beauty and cosmetics retail stores. The rising number of COVID-19 cases has accelerated the shift toward a more digital world and triggered changes in online shopping behavior. For instance, in February 2021, Lady Green, a French organic beauty brand, launched a range of organic face care and makeup products including face wash, face cream, mascara, and BB cream, for blemished, acne-prone skin using natural active ingredients, such as aloe vera and neem. Hence, the key players are launching organic products. Synthetic compounds such as methylparaben, propylparaben, and butylparaben are toxic chemicals known to cause allergic reactions, acne, blemishes, rashes, and other skin-related problems. The increasing prevalence of skin issues caused by synthetic ingredients in beauty products and cosmetics is expected to boost sales. The growing demand for organic products, along with a scarcity of resources, declined the manufacturing of these products, giving growth opportunities to the key players in the organic skin care market. The lockdowns and movement restrictions, on the other hand, disrupted the supply chain and curtailed production for these products. This has induced a surge in demand for chemical-free products, which will fuel the growing need for organic skincare products. The COVID-19 pandemic has raised public awareness about the importance of self-care and well-being. These products are considered to be more effective and have fewer side effects, which, in turn, is expected to increase their application among consumers. Growing consumer inclination toward chemical-free beauty products along with the broadening concepts of creams, serums, and moisturizers infused with organic ingredients is expected to drive the demand for organic skin care products over the forecast period. The global organic skin care market size was valued at USD 9.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |