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Oct 8, 2020 8:00 AM ET

Organic Soaps Market is set for a Rapid Growth and is expected to Reach USD 677.7 Million by 2026

iCrowd Newswire - Oct 8, 2020

Zion Market Research has published a new report titled “Organic Soaps Market Report by Product (Bar, and Liquid), by Distribution Channel (Online, and Offline): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.”According to the report, the Organic Soaps Market accounted for USD 380 Million in 2018 and is expected to reach USD 677.7 Million by 2026, growing at a CAGR of around 7.5% between 2019 and 2026.

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Global Organic Soaps Market

The global organic soaps market is projected to observe noticeable growth over the years. The organic soap or chemical-free soap is a cleansing agent that is manufactured with organic substances or ingredients. These soaps are produced by organic methods which are totally free from artificial chemicals and Genetically Modified Organism (GMO) as per the regulations set by the certification bodies such as United States Department of Agriculture (USDA), EU Organic Certification, Australian Certified Organic, and Nature’s International Certification Services (NICS).  The rising emphasis on skincare and hygiene, in line with increasing awareness pertaining to the dangerous side effects of synthetic and chemical substances or ingredients in the personal care products, is anticipated to bolster the market across the globe. Moreover, rising awareness pertaining to the environment conservation and increasing water pollution caused by dangerous chemicals present in the personal care products is likely to create tremendous opportunities for the organic soaps market within the forecast timeframe.

The global organic soaps market has been segmented on the basis of the product and distribution channel. On the basis of the product type, the global organic soaps market is divided into a bar, and liquid. Among all these sources, the organic bar segment is estimated to have a maximum market share within the forecast period. This is due to the easy product availability of the organic bars in the offline market as well as the low price of the product. The liquid segment is projected to grow at a noteworthy rate within the forecast period. This is owing to the consumer’s preferences as consumers are more inclined towards liquid over bar soaps as they are hygienic compared to bar soaps. In terms of the distribution channel, the global organic soaps market is segmented into online, and offline. Among all these types, the offline segment is projected to grow at a faster pace within the forecast period. Consumer prefers to purchase the personal care products from hypermarkets, supermarkets, and other retail outlets which are expected to drive this market segment. The online distribution channel segment is estimated to at a noticeable rate within the forecast timeframe. Nowadays,  the manufacturers are offering their organic products on online platforms, which rises the product visibility and allows consumers to buy the product from remote locations. Henceforth, this is anticipated to drive the online channel segment.

The key players operating in the global organic soaps market are Pangea Organics Inc., Lush Retail Ltd., Osmia Organics, LLC, SUNDIAL BRANDS LLC, EO Products, and Brittanies Thyme. These companies are constantly emphasizing on new product launches and expansion of the distribution channel to gain a competitive advantage and prominent visibility among the consumers.

Global Organic Soaps Market: Product Segment Analysis

Global Organic Soaps Market: Distribution Channel Segment Analysis

Global Organic Soaps Market: Regional Segment Analysis

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Keywords:    Organic Soaps Market

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