Market Overview
Market Research Future (MRFR) expects the organic soaps market to be worth close to USD 432 million by 2027. The market size should expand at a rate of 8.2% during the review period (between 2020 and 2027).
Top Drivers and Main Restraints
Ever since the world was jolted by the COVID-19 outbreak, people have been quick to spend considerably on products that claim health protection. The growing sentiment with regard to safety and hygiene has accelerated the importance of organic products. Following the advent of SARS-CoV-2, consumers are rushing to buy products that claim to kill germs, offer immunity and overall induce good health. Organic, sustainability, naturalness and quality have emerged as key aspects based on which leading brands are advertising their products to ensure market growth. The extensive availability of soaps with several organic ingredients such as lavender, Canadian pine, white sage, cardamom, also raise the demand among people.
The pandemic has pushed people to pay higher amount on personal care products with organic ingredients. Even as novel coronavirus and the resultant lockdown have deterred sales at retail outlets, online shopping has picked up considerable speed as people are now social distancing and have become more tech-savvy. Renowned vendors endeavor to keep a tab on the changing consumer preferences, and are manufacturing organic soaps that have no chemical ingredients. The declining demand for chemicals in products could be favorable for the organic soaps market.
Product innovation remains one of the top focus areas for many of the leading market firms, as they are increasingly introducing diverse products made of various organic sources. The expanding product offerings along with the continuous launch of new organic products can expedite the market growth in the forthcoming years, despite the COVID-19 impact.
Segmental Analysis
Key forms in which organic soaps are sold in the market include paper, bar, liquid, and more. The liquid organic soap segment should account for the biggest share in the market and will remain dominant throughout the analysis timeline. The liquid form is easily available in the market, are sold in attractive packaging and note heavy demand due to the strong influence of the social media on the consumers.
Store-based and non-store-based are the key distribution channels listed in the report. Access Report @ https://www.marketresearchfuture.com/reports/organic-soaps-market-1...
Regional Analysis
The regional consideration of the organic soaps industry covers Europe, North America, Asia Pacific or APAC and RoW or Rest of the World.
At present, North America stands as the global market leader and can possibly retain its lead between 2020 and 2027. The economic prowess of the region combined with the high purchasing capacity and strong knowledge about side effects of chemicals present in conventional soaps contributes significantly to the business growth. The growing preference for health-based products, in line with the rising number of regulations against the use of chemicals has strongly influenced the organic soaps market in this region.
The APAC market mainly benefits from the increasing uptake of organic hair care, cosmetics and skin care products in India and China, prompted by new launches by the firms and the mounting awareness regarding the toxic chemicals present in traditional products. The regional market also thrives on the back of expanding middle class populace in Vietnam, Malaysia and Indonesia. These economies are fast catching up with other lucrative countries, given the rising import of organic personal care products such as soaps, and various grooming items.
Key Players
The biggest organic soap manufacturers are Osmia Organics (US), Lush (UK), Oregon Soap Company (US), Neal's Yard (Natural Remedies) Limited (UK), Pangea Organics, Inc. (US), Unilever plc (UK), Brittanies Thyme (US), Rocky Mountain Soap Company Inc. (Canada), EO Products (US), Khadi Natural (India), and more.
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