Natural & organic personal care market to exceed $21 million by 2024
According to a new market report published by Persistence Market Research (PMR, persistencemarketresearch.com), the global natural and organic personal care industry is primarily trend-driven and hence new and emerging trends with regard to natural and organic products is encouraging new players to enter into the market through acquisition by existing players. However, the global natural and organic personal care market is characterized by a moderate level of acquisitions.
The global market is expected to be valued at U.S. $21,776.9 million by the end of 2024, registering a CAGR of 8.8% over forecast period 2016-2024. Growth of the global natural and organic personal care product market is driven by factors such as expansion of distribution channels, increasing online customer reach, and modern retailers' shift toward offering premium personal care products on shelves. Also, new product development, advertisements, and increasing spending capacity of consumers on premium products are primary factors driving overall growth of the global natural and organic personal care products market.