Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Organic Soaps Market.
The global organic soapsmarket sizeis projected to be valued at USD 432 million by 2027at a CAGR of 8.2% between 2020 and 2027.Organic soaps are certified by various certification bodies present across the globe, such as Nature's International Certification Services (NICS), United States Department of Agriculture (USDA), EU organic certification, and Natural Products Association Standard and Certification for Personal Care Products.Organic soaps are manufactured with organic methods that are free from genetically modified organisms (GMO) and artificial ingredients.The demand for organic soapsis increasing as people are opting for chemical-free and natural personal care products.Also, product launch by manufacturers is also expected to drive the demand for organic soaps during the forecast period. For instance, in July 2020, Khadi Natural, an India-based company, launched a loofa soap. Loofah soap offers moisturizing properties, which help in exfoliating the skin.
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Growth Opportunities in the Market
Increasing adoption of organic farming practices in emerging economies: The increasing demand for organic products has led small-scale farmers in emerging economies to adopt organic farming practices. Growth is particularly high in emerging economies such as Asia-Pacific, the Middle East, and Africa owing to rising awareness among farmers about the hazards of chemical fertilizers. Significant investments are being made in organic production in these countries to shift away from conventional farming practices. Government support for the promotion of organic farming also plays a significant role. According to FiBL, in Asia-Pacific, the largest in-conversion areas in 2017 were Australia, India, and China.
Non-store-based distribution channels gaining popularity across the globe: The non-store-based segment includes e-commerce, wherein manufacturers distribute oral care products through various online shopping sites and/or their websites. Companies face difficulties in reaching consumers in different parts of the world through brick-and-mortar stores. Thus, e-commerce channels enable companies to cater to the consumer's needs and expand brand presence. Additionally, this mode of distribution also helps manufacturers showcase their wide variety of products available.