USD 1.83 billion
Report ID:
SQMIG30L2127 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
60
|Figures:
77
Global Organic Bar Soap Market size was valued at USD 1.83 billion in 2021 and is poised to grow from USD 1.98 billion in 2022 to USD 3.72 billion by 2030, growing at a CAGR of 8.2% in the forecast period (2023-2030).
The world's consumers' propensity for wellbeing is an important driver in the market's expansion. Global consumer behavior trends for beauty and personal care are additionally driving the industry. The Coronavirus outbreak caused the closure of convenience stores and super/hypermarkets all over the world, disrupting the global organic bar soap supply chain and distribution channel. The COVID-19 pandemic raised consumer demand for organic and environmentally friendly goods. Because of the health advantages that organic products offer, demand for organic and sustainable products is rising rapidly.
The epidemic increased public health awareness, which led more people to choose natural products. This action has provided retailers and producers a chance to show their support, promote their goods, and retain these new clients as long-term users of natural products.
Products that are vegan, natural, organic, clean, reef-friendly, free of GMOs, gluten, and soy, transparent, and recyclable are presently in high demand. Producers are bringing innovative products that satisfy consumer demand to the market. For instance, the selection of eco-friendly, plant-based soaps from Vibey Soap Co., which come in a variety of colors and scents, exudes positivity. Each vegan soap, including Cucumber & Melon and Almond Mahogany, is packaged in clamshells created without plastic.
Global Market Size
USD 1.83 billion
Largest Segment
Online
Fastest Growth
Online
Growth Rate
8.2% CAGR
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The global organic bar soap market is segmented based on distribution channel, end user and region. In terms of distribution channel, the market is segmented into supermarkets/hypermarkets, general stores, and online. With respect to end users, the market is segmented into household and commercial. Regionwise, global organic bar soap market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Distribution Channel
The online industry dominated the market in 2021, controlling 45.8% of global sales. Since it offers benefits like doorstep delivery, simple payment options, significant savings, and the availability of a broad selection of goods on a single platform, the internet has had a significant impact on how people shop. Due to growing internet usage and consumer demand for shopping apps, major market participants are creating e-commerce websites at a rapid pace. The market is expected to grow as consumers prefer online shopping more and more.
Several e-commerce websites, such as Amazon or Flipkart, are examples of online channels. Customers have the choice to choose from a number of brands to meet their budget because product costs in these stores vary depending on the brand. A spike in portfolio expansions has been caused by the rising consumer demand for organic personal care goods, particularly organic bar soap.
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In 2022, Asia Pacific dominated the market with a 33.1% share. As consumer concern about skin infections and other health issues grows, so does the demand for organic soap. The benefits of organic soap over conventional chemical soap are becoming well known to consumers. The introduction of organic soaps with a variety of natural scents is also projected to be one of the major drivers fueling demand development throughout the forecast period. Citrus fruits, oats, lavender, rosemary, sandalwood, mint, and other natural plants are among the sources of the perfumes utilized in organic soaps. For example, Friendly Soap produces high-end, cruelty-free, vegan bars that are packaged in recyclable cardboard cartons. They make soaps with a variety of scents, including lemongrass, lavender, citrus, shea butter, and others.
The Middle East and Africa are anticipated to see revenue growth at a CAGR of 8.3% during the projection period. As the demand for organic ingredients develops, consumers all over the world are turning to organic personal care products like organic bar soaps, which is projected to drive market expansion in the upcoming years. In the United Arab Emirates, a broader perspective on beauty is taken. Many members of Generation Y and Millennials share this opinion. Demand for organic and natural goods is being fueled by the rising popularity of "skin care as health" products. Products that fight aging, pollution, and stress are therefore growing in popularity.
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Drivers
Increasing consumer awareness about Organic Soap benefits
Growing concerns over the harmful effects of synthetic chemicals
Consumers are increasingly concerned about the potential health and environmental risks associated with synthetic chemicals found in conventional personal care products.
Restraints
High pricing of organic bar soaps
Limited shelf life and shorter durability of products
Organic bar soaps have a shorter shelf life than conventional soaps because they lack synthetic preservatives, which can limit their distribution and sales.
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There are many companies on the worldwide market, that's the thing that makes it distinctive. In order to capture a sizable portion of the global market, firms are putting more and more emphasis on innovation. A modest, family-run company is The Great Canadian Soap Company, for instance. Their goat milk soap, which is made by hand on their farm with fresh goat milk, organic oils, and butter, is their specialty. They offer a variety of goods, such as handmade all-natural goat milk soap, natural body care items, natural skin moisturizers, and natural remedies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Organic Bar Soap market is the world's consumers' propensity for wellbeing is an important driver in the market's expansion. Global consumer behavior trends for beauty and personal care are additionally driving the industry. The Coronavirus outbreak caused the closure of convenience stores and super/hypermarkets all over the world, disrupting the global organic bar soap supply chain and distribution channel. Consumers are becoming more aware of the health and environmental benefits of using natural and organic personal care products, including bar soaps. Organic bar soaps often have a higher price point than conventional soaps, which may deter some price-sensitive consumers. Consumers are increasingly focused on maintaining healthy skin, and are looking for products that are gentle and non-irritating. Organic bar soaps are often formulated with natural and organic ingredients that are gentle on the skin, making them a popular choice among consumers.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.83 billion |
Market size value in 2031 | USD 3.72 billion |
Growth Rate | 8.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Organic Bar Soap Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Bar Soap Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Bar Soap Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Bar Soap Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2127
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