USD 9.98 million
Report ID:
SQMIG30L2138 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|Tables:
60
|Figures:
75
Global Shampoo Bar Market size was valued at USD 9.98 million in 2021 and is poised to grow from USD 10.8 million in 2022 to USD 19.41 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).
The demand for shampoo bars with no plastic waste is being driven by growing awareness of health, hygiene, and the negative side effects of using chemical cosmetics and personal care items over the long term. Customers are also embracing packaging-free personal care items to reduce the rising load of plastic waste. The demand for shampoo made from organic, herbal, and natural ingredients is anticipated to increase in response to rising consumer awareness regarding personal hygiene and safety from potentially hazardous compounds including parabens, phthalates, and aluminum salts. The shampoo bar market is also anticipated to develop due to shifting consumer tastes for products made with organic components because of their advantages, such as dandruff protection and hair fall leadership.
The American Academy of Dermatology (AAD) estimates that hair loss affects 80 million Americans (30 million women and 50 million men). These health concerns are encouraging bar shampoos and other organic and all-natural hair care products.
Plastic waste has recently risen to the top of the list of environmental issues due to the harm it does to marine life, humans, and other terrestrial animals. An estimated 242 million tons of plastic waste was generated globally in 2016, according to the World Bank Group. Additionally, the non-profit group "Our World in Data" claims that commodity packaging is the most prevalent application area and is responsible for around 42% of all plastic waste created globally. This global issue has caused manufacturers to discontinue utilizing plastic packaging, especially for cosmetics items. These worldwide environmental issues will promote packaging-free shampoo bars in the near future.
Government regulations favor the use of natural and organic cosmetics and personal care items. For instance, the European Commission changed Annex II of the EU Cosmetic Regulation to forbid the use of five different forms of parabens, including isopropylparaben, isobutylparaben, phenyl paraben, benzylparaben, and pentylparaben, in cosmetic products. The utility of shampoo bars is anticipated to be supported in the near future by these strict government regulations.
Global Market Size
USD 9.98 million
Largest Segment
Online
Fastest Growth
Online
Growth Rate
7.6% CAGR
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The global shampoo bar market is segmented based on type, distribution channel, and region. In terms of segmentation by type the market is segmented into glycerin-based, cold-processed, and solid-surfactant. Based on distribution channel the market is segmented into online and offline. Demographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Distribution Channel
The greatest category in 2021 was the online distribution channel, which brought in 70.5% of global revenue. The bar shampoo product is still in its infant stage, necessitating a variety of marketing strategies, such as celebrity marketing, product promotion, and campaigns to increase customer awareness of the product. Strategies are being used by significant manufacturers to promote their goods in online marketplaces. For instance, UK-based Lush Cosmetics announced that it would launch a 24/7 TV video channel in order to increase product visibility and client penetration through internet channels.
It is expected that offline channels will generate USD 5.0 million in income by 2025. In order to increase the visibility of their products, significant players are opening distinctive storefronts. For example, Lush. It is expected that offline channels will generate USD 5.0 million in income by 2025. In order to increase the visibility of their products, significant players are opening distinctive storefronts. Lush Retail, for instance, in January 2020. It is expected that offline channels will generate USD 5.0 million in income by 2027. In order to increase the visibility of their products, significant players are opening distinctive storefronts. For instance, Lush Retail Ltd., situated in Manchester, United Kingdom, opened its one-of-a-kind store in January 2020. There is no plastic wrapping over the items at this fancy store because there is no packaging.
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North America generated the largest share in 2022, accounting for 65.7% of global sales. This region has the highest penetration rate for the product in comparison to all other regions due to the fact that the bulk of the product's key players—including J R Liggett Ltd. Inc., Plaine Products, and Osmia Organics, LLC—have bases in the U.S. Manufacturers are using marketing strategies such as expanding their retail network, merging with other companies, and launching new items. In western Canada, the company decided to grow by adding 10 new retail sites. These actions will ensure a sizable demand for the product for the foreseeable time.
Asia Pacific is the region's market with the fastest growth rate, by rising a CAGR of 8.2%. Manufacturers are releasing new items with a variety of themes, such as organic, herbal, and chemical-free, to entice consumers to buy their goods. The past several years has seen an increase in product introductions in Australia, New Zealand, and China.
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Drivers
Sustainability to Bolster Market Growth
Restraints
Limited Availability of Raw Materials to Hinder Market Growth
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The shampoo bar market has witnessed significant growth in recent years as consumers become more environmentally conscious and seek out sustainable and plastic-free alternatives to traditional bottled shampoo. The market is highly fragmented in nature, with a large number of small and niche players, as well as some established brands that have entered the market. Some companies often focus on specific hair types or ingredients and offer unique formulations and packaging.These companies provide a variety of shampoo bars for different hair types and preferences, all made with natural and sustainable ingredients like essential oils, herbs, and plant-based surfactants. Many businesses offer environmentally friendly packaging as part of their commitment to reducing their negative environmental impacts. As long as there is a growing demand for shampoo bars, it is projected that new competitors will enter the market and that the competition will heat up.
Top Player’s Company Profiles
Recent Developments
Increasing demand for Sustainable and Eco-friendly Products
Rising popularity of Natural and Organic Ingredients
Expansion of Distribution Channels
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the demand for shampoo bars with no plastic waste is attributed to the growing awareness of health, hygiene, and the negative side effects of using chemical cosmetics and personal care items over the long term. Customers are also embracing packaging-free personal care items to reduce the rising load of plastic waste. The demand for shampoo made from organic, herbal, and natural ingredients is anticipated to increase in response to rising consumer awareness regarding personal hygiene and safety from potentially hazardous compounds including parabens, phthalates, and aluminum salts. Shampoo bars are still a relatively new product for many consumers, and they may not be widely available in all markets. This can make it difficult for people to find and try them.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.98 million |
Market size value in 2031 | USD 19.41 million |
Growth Rate | 7.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
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 |
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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 Shampoo Bar 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 Shampoo Bar 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 Shampoo Bar Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Shampoo Bar 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: SQMIG30L2138
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