According to the Global Organic Cosmetics Market Forecast & Opportunities, 2021: TechSci Research Report, the global organic cosmetics market is shown to be growing to reach a CAGR of about 10%, or USD 16 billion by 2021.
The growing need for chemical-free products in the market is correlated with the changing lifestyle of consumers who have an increased disposable income and rising social awareness.
The organic skin care market is anticipated to be a major contributor to revenue growth, with hair care following in second due to rising hair concerns, such as dandruff and hair loss. One problem that comes with this growth is the products' limited shelf-life. That, along with raw material supply and regulatory policies are some of the factors that can pose a challenge to the market.