Organic Soap Market to Surpass $ 206 Million by 2022
Rise
in cases of skin diseases and allergies coupled with increasing health concerns
and awareness among people about the benefits of organic soaps over
conventional chemical soaps is expected to drive global organic soap market until
2022
According to a TechSci Research report, “Global
Organic Soap Market By Product Type, By Bar Soap Type, By Liquid
Soap Type, By Sales Channel,
Competition Forecast &
Opportunities, 2012-2022”, the organic soap market is projected to reach $ 206
million by 2022. Growth in the global organic soap market is propelled by
factors such as rising cases of skin diseases and increasing awareness among
people regarding the harmful chemicals present in synthetic soaps. Further, governments
of many countries are taking initiatives to promote organic farming and use of
organic products. In addition, regulations, policy support and safety
legislation to increase the quality standard of the organic products are being
laid down by the government of many countries. These factors are expected to
have a huge positive impact on the global organic soap market in the coming
years.
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Organic soap market can be
broadly categorized into organic bar soaps and organic liquid soaps. Organic
liquid soap dominated the market in 2016 as it is more convenient to be used than
bar soaps and is more hygienic as well. Owing to these factors this segment is
expected to remain dominant during the forecast period as well. Sundial Brands
LLC, Pangea Organics, EO Products, Vi-Tae, etc., are some of the leading
players in the global organic soap market in 2016, and these companies are
expected to maintain their dominance throughout the forecast period. In terms
of region, North America dominated the market with a share of over 35%, in
terms of value, in 2016. The region is expected to generate significant demand
for organic soap products and is anticipated to remain dominant through 2022
due to the population’s growing preference for healthy lifestyle and rising
awareness about the health benefits associated with the organic products. North
America is followed by Europe, owing to relatively higher awareness among
consumers compared to remaining geographies.
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“Rise in cases of skin diseases and
other health related issues has resulted in people paying more attention to
their health and skin care. Increasing per capita spending on organic products
coupled with growing awareness among people about the benefits of organic soaps
over conventional chemical soaps, is expected to drive demand for organic soaps,
globally. Further, greater accessibility and availability of these products at
retail stores and other sales channel, continuous development in organic
farming and government initiatives to encourage organic farming would further propel
the market in the coming years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global
Organic Soap Market By Product Type, By Bar Soap Type, By Liquid Soap Type, By Sales Channel, Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth
potential of global organic soap market and provides statistics and information
on market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the global organic soap market.
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