Global Organic Soap Market Growing at a Steady Pace: Likely to Grow at a CAGR of 6.9% by 2027

Published | 18 November 2021

Because of rising awareness regarding the benefits of organic soaps and the harmful impacts of chemical soaps on both skin and the environment, the global organic soap market is expanding at a rapid pace….

A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the global organic soap market was worth USD 243.2 million in the year 2020. According to the study, the market is estimated to grow at a CAGR of 6.9%, earning revenue of around USD 385.0 million by the end of 2027. The global organic soap market is flourishing at a high rate because of the increasing awareness regarding the benefits of organic soaps and the side-effects of using chemical soaps on both skin and the environment. Organic soaps are made up of 100% natural ingredients such as essential oils and are usually cruelty-free. Also, they do not contain harmful chemical antibacterial toxins and are rich in antioxidants. Such benefits are attracting consumers, propelling its market growth. However, the high price of organic soaps as compared to traditional chemical soaps may act as a major restraining factor for the market growth.

Increasing Popularity of Online Sales Channels Boosting the Global Organic Soap Market

The growing penetration of online sales channels is expected to present lucrative growth opportunities to the global organic soap market. Certain manufacturers are offering their products only through online platforms, such as Amazon.com, Walmart, or other websites. This helps them in reaching wider consumers and eventually increases their business revenue. In addition, sales through online platforms prove to be favorable for the small organic soap businesses as it cuts down the distribution cost or third-party expenses. As a result, growing dependence on online platforms for making purchases is projected to boost the growth of the organic soap market in the forecast period.

Growing Acceptance for Eco-Friendly Soaps Anticipated to Drive The Global Organic Soap Market

Almost all organic soaps are made of natural ingredients such as neem, aloe vera, turmeric, sandalwood, glycerin, etc. Moreover, its production also does not involve any pesticides and chemicals, which makes them biodegradable compared to chemical soap. In addition, many organic soap brands are cruelty-free and do not involve experiments on animals. Due to increasing awareness of green products and the growing adoption of the vegan lifestyle, consumers are increasingly seeking out ethical brands and products.Due to these factors, the demand for organic soap is estimated to gain traction during the forecast period.

Global Organic Soap Market - By Product Type

Based on product types, the global organic soap market is segmented into bar soaps, liquid soaps, and paper soaps. The bar soaps segment account for the largest market share as it is more popular among consumers as bar soaps are rich in herbs and offer myriad skin benefits, coupled with their antiseptic properties. Moreover, the easy availability of bar soaps in offline stores and frequent product launches from soap brands drives the growth of the bar soaps segment worldwide. Furthermore, the availability of a wide range of products made from different ingredients, such as almond oil, aloe vera, goat milk, lavender, and others, is also propelling its market demand. However liquid soap is estimated to witness the highest CAGR during the forecast period mainly because of its aromatic fragrance and skin rejuvenating properties.

Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/organic-soap-market/report-sample

Global Organic Soap Market - Regional Insights

Geographically, the global organic soap market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the organic soap market, followed by Europe. However, the Asia-Pacific region is anticipated to witness the highest CAGR during the forecast period. The high population in the developing countries in these regions results in a diverse consumer base. With significant growth potential, the global brands are launching their brands into these regions, which is anticipated to drive the market in the forecast period.

Impact of COVID-19 on Global Organic Soap Market

The global organic soap market was negatively impacted during the initial phase of the COVID-19 pandemic. The lockdown imposed by the countries hindered the production of organic soaps due to a shortage of sufficient raw materials and labor force. Furthermore, the retail stores and convenience stores were also closed which cut down the accessibility to the products and market supply. However, the increasing dependence of consumers on online platforms for buying consumer goods, including organic soaps, is anticipated to boost the market growth during the post-COVID-19 period.

Global Organic Soap Market - Competitive Landscape

The leading players in the global organic soap market are L’OCCITANE EN PROVENCE, Sundial Brands LLC, Laverana GMBH & Co. KG., Nature’s Gate, Forest Essentials, Erbaviva, Botanie Soap Inc., Little Soap Company, The Honest Company, Sensible Organics, Khadi Naturals, Beach Organics, Neal’s Yard Limited, The Body Shop, Pangea Organics, All-One-God-Faith, Unilever plc., Truly Natural Products, Bio Veda Action Research Co., and other prominent players.

Because the organic soap market is thriving, it is highly fragmented among a large number of small market players. Moreover, the market also holds great potential for new entrants. Soap manufacturers around the world are increasingly launching a wide variety of products with various organic ingredients to cater to the needs of consumers with different skin issues. They also focus on improving the distribution channels to expand their market presence and business revenue. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., are also prominent in this market.

Don’t miss the business opportunity of the global organic soap market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global organic soap market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global organic soap market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com