Global Organic Soap Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Organic Soap Market 2021 (Includes Business Impact of COVID-19)
Global Organic Soap Market Size & Share, Recent Trends, Key Applications, Growth Analysis, and Industry Forecast till 2028 -a recently generated report by Trusted Business Insights research team. The report presents the primary and secondary factors that are impacting the market growth in a positive or negative way. Recent ongoing trends and opportunities have also been added in the report to offer forecast in terms of product demand and adoption at global level. The report is inclusive of information about top prominent players in the global market such as revenue details, operating segments, and segment revenue, contact details, geographical presence, net profits, operating expenses, etc. It also includes key developments, recent product launches, technological advancements and other company news related to the target market.  In order to present informative analysis about the global organic soap market, the prepared report has been divided on the basis of product type, distribution channel, and region/ country.
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The global Organic Soap market size was valued at USD$292.99 million in 2020 and is projected to reach USD $602.30 million by 2030, and is anticipated to expand at a CAGR of 7.37% over the forecast period from 2020 to 2030.


Organic Soap: Product Overview


Organic soap is a soap that is made using natural and organic ingredients including plant-derived oils, essential oils, and glycerin, bee wax, honey, amla, aloe vera, among other ingredients. Organic soaps have certain healing properties that help to improve skin conditions such as acne and eczema, among other severe skin conditions. These soap bars have various properties such as they contain antioxidants, no chemicals or pesticides, natural antibacterial qualities, generally cruelty-free and environment-friendly, etc. Conventional soaps, on the other hand, are known to contain hazardous ingredients, questionable chemicals, and lathering agents that are harmful in the long run and may result in rashes and dry and flaky skin. In addition, the worst part is that the residues get drained in water system and release chemicals and toxins into the waterways, putting aquatic species in danger. For instance, according to a report published in the UK, chemicals, and substances from soap bars that are let into the ocean include parabens and phthalates. These strong chemicals are anticipated to lead to diseases that can affect both humans and animals, especially aquatic animals.


Dynamics:Global Organic Soap Market


Growing demand and adoption rate of natural and organic skincare products among consumers is a key factor projected to drive growth of the global organic soap market in the years to come. In addition, rising consumer awareness regarding benefits of organic soaps over conventional soaps, and increasing number of celebrities that are endorsing organic soaps, and inclining per capita income are factors projected to drive global organic soap market growth in the upcoming years. Moreover, shifting preference towards eco-friendly lifestyles, rapid urbanization, and increasing adoption of expensive premium organic soaps owing to their benefits across the globe are projected to propel the market growth during the next few years. Easy availability of variety of organic soaps with different ingredients and high utilization of shopping websites and apps are other key factors that are anticipated to drive market growth significantly.

High cost of organic products owing to expensive ingredients used to make organic soaps and high cost of the ingredient-extraction process are some major factors that could hamper global market growth.

However, development of innovative products, introduction of new range of organic products and increasing focus on manufacturing customized products based on individual skin types and selling the customized products through online retailing are factors projected to create significant opportunities for existing manufacturers and new entrants in the global market.


Segment Analysis:Organic Soap Market



By Product Type Analysis:


Among the organic soap product type segments, the bar soap segment is projected to grow at a notable CAGR in the global market in the 10-year forecast period. The liquid soap segment is anticipated to grow at a substantial CAGR in the next 10 years.


By Distribution Channel Analysis:


Among the distribution channel segments, the supermarket/ hypermarket segment recorded major revenue share in the global market in 2018 and is anticipated to continue to dominate for the next few years. The online retail segment is projected to witness significant growth rate in the coming years. Growing preference for online shopping among individuals in developing countries is anticipated to support the growth of the segment over the long run.


Global Organic Soap Market: Region Analysis


North America organic soap is projected to account for major revenue share and is projected to continue its dominance in the next few years. Increasing demand for organic soap products in the US and Canada owing to the high spending power of individuals is projected to support growth of the North America organic soap market in the next few years. In addition, the presence of major organic manufacturers increasing merger and acquisition activities in the region is projected to drive growth of the North America market.

The Europe market is projected to follow the North America market in terms of revenue share in the global market during the forecast period. Rising preference for chemical-free products is a factor drive growth of global organic soap market in Europe market.

Asia Pacific (APAC) organic soap market is anticipated to grow at a moderate CAGR over the next 10-year period. Growing awareness regarding benefits of organic products by health-conscious customers, combined with rising income levels is projected to drive growth of APAC organic soap market. Additionally, rising standards of living in countries in APAC is estimated to propel Asia Pacific market growth.

The market in Latin America is projected to grow at a slow but steady CAGR owing to increasing number of manufacturers aiming to build manufacturing plants in the Latin America market due to availability of low-cost labor and benefit of overall reduction in production cost.


Below are the active patents related to Organic Soap Market.


Patent Number: US20150353872A1

Laundry Cleaning Product

Abstract

The present invention relates to both stable liquid laundry cleaning compositions and dry powdered laundry cleaning compositions with good solubility in water. More particularly, this invention relates to a concentrated soap-based formulation to be mixed with a limited quantity of water in a mixing container to render an amount of dilute liquid laundry cleaning solution with lasting stability and good cleaning properties.

Application File Date: 2015-08-18

Application Granted Date: 2016-03-22

Current Assignee: Purecap Laundry LLC

Global Organic Soap Market Segmentation:

Segmentation by product type:

  
Bar Soap
  
Liquid Soap
  
Paper Soap

Segmentation by distribution channel:

  
Supermarkets/ Hypermarkets
  
Specialty Stores
  
Online Retailers
  
Others


Key Market Players included in the report:


  
Beach Organics
  
EO Products
  
Erbaviva LLC
  
Forest Essentials.
  
Khadi Natural
  
Laverana GmbH & Co. KG
  
Lush Retail Ltd.
  
Natures Gate
  
Neals Yard (Natural Remedies) Limited
  
Osmia Organics LLC
  
Pangea Organics Inc.
  
Sensible Organics Inc.
  
SUNDIAL BRANDS LLC
  
The Honest Company Inc.
  
Trulys Natural Products
  
Unilever plc.
  
Vi-Tae