ID: MRFR/CR/9037-HCR | 90 Pages | Author: Snehal Singh | October 2023
The Organic Soaps Market size is projected to reach approximately USD 432 million by 2027, at a CAGR of 8.2% from 2020 to 2027. The demand for organic soaps is increasing owing to consumer inclination towardorganic beauty and personal care products.Organic soap is used for face and body cleansing. Organic soaps are manufactured with organically certified ingredients and oils. These soaps normally include aloe vera, beeswax, honey, turmeric, glycerin, and other natural purifying ingredients. Moreover, the support from the government for the promotion of organic products is also expected to uplift the market growth. Media promotion andcelebrity endorsementsare creating an opportunistic market for the players in the organic soaps industry.
The outbreak of COVID-19 across the globe has resulted in a lockdown of cities, border restrictions, and breakdown of transportation networks. Organic Soaps Market is projected to have a significant impact on the commodities supply chains, international trade, and manufacturing operations across the world. The production of organic soap starts with the procurement of raw materials. With barriers to the cross-border transportation of the commodities due to the pandemic, the organic soap manufacturers have become dependent on the local raw material suppliers resulting in an increase in the bargaining power of suppliers. Therefore, the outbreak of COVID-19 is anticipated to impact the market, along with factors such as low production capacities and logistics issues. However, the outbreak of COVID-19 has certainly created awareness of health among consumers.
A significant change has been observed in consumer buying behavior due to the COVID-19 pandemic. As stay-at-home restrictions started, consumers gravitating towards personal hygiene that catered to new normal.
The organic soaps market has witnessed moderate growth in recent years. The growing acceptance oforganic soaps in the personal care industry as consumers shift their focus from conventional soaps is anticipated to drive the demand for organic soaps globally.The wide availability of the product with different ingredients such as Canadian pine, lavender, cardamom, white sage, among others,has escalated the demand for organic soaps. Moreover, the rising demand fororganic personal careproductshas encouraged market players to launch innovative products to cater to the increasing consumer demand. Also, endorsement by celebritieshas considerably contributed towards the growth of the global market.
Market USP
Availability of PremiumOrganic Soaps
Report Attribute/Metric | Details |
---|---|
Market Size | USD 432 Million |
CAGR | 8.2% |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Form, Distribution Channel, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Unilever plc (UK), Osmia Organics (US), Lush (UK), Oregon Soap Company (US), EO Products (US), Pangea Organics, Inc. (US), Rocky Mountain Soap Company Inc.(Canada), Brittanies Thyme (US), Neal's Yard (Natural Remedies) Limited (UK), and Khadi Natural (India) |
Key Market Opportunities | Media promotion and celebrity endorsements |
Key Market Drivers | Rising Demand for organic products, Mounting growth of the organized retail sector, Increasing per capita disposable income, Government initiatives for the promotion of organic products |
Unilever plc (UK), Osmia Organics (US), Lush (UK), Oregon Soap Company (US), EO Products (US), Pangea Organics, Inc. (US), Rocky Mountain Soap Company Inc.(Canada), Brittanies Thyme (US), Neal's Yard (Natural Remedies) Limited (UK), and Khadi Natural (India) are some of the top players in the global organic soaps market.
Organic soaps market CAGR would be 8.2% during the forecast period.
Organic soaps market is estimated to reach a valuation of approx. USD 432 million by the end of 2027.
North America holds the largest share in the global organic soaps industry.
Key Questions Answered
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