Vegan Soaps Market to Be Dominated by Bar Vegan Soaps Through 2027
The entry of new start-ups
offering vegan-based products and the high demand for extensive premium soaps
are expected to drive the demand for the global vegan soaps market over the
forecast period, 2023-2027.
According to TechSci Research report, “Vegan Soaps Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”, the global vegan soaps market is anticipated to
grow at a formidable CAGR during the forecast period, 2023-2027. Vegan soaps
are made up of natural and safe ingredients and are effective without making
the use of chemicals such as parabens, sodium laureth sulphate (SLES), and SLS
(sodium lauryl sulphate) that can harm the health of an individual. Vegan soaps
are gaining popularity as they are cruelty-free and are made up of natural
ingredients like fat and oils that come from vegetables and plants instead of
those made up of animal derivatives. The rise in consciousness about environmental
conservation and growing water pollution by harmful chemicals in soaps is
driving the adoption of vegan soaps among consumers. Different countries'
governments have started to ban the use of harmful chemicals such as triclosan,
phthalates, triclocarban, and parabens in cosmetics and personal care products
to encourage consumers to use vegan soaps.
However, the high cost
of vegan soaps and the presence of several alternatives may hinder the global
vegan soaps market demand over the forecast period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "VEGAN SOAPS MARKET"
The global vegan soaps market
is segmented into type, price range, distribution channel, regional
distribution, and competitive landscape.
Based on the type, the
market is divided into bar and liquid. Bar soaps dominate the market and are
expected to maintain their dominance over the next five years, 2023-2027. Their
easy availability in the offline stores and low price attracts consumers to invest
in vegan bar soaps. Market players are launching and are working on introducing
vegan soaps in different varieties, colors, shapes, sizes, fragrances, and
attractive packaging to attract more customers to buy vegan soaps of their
particular brand.
Based on the price
range, the market is divided into low, medium, and high. High-priced vegan
soaps are expected to capture substantial market share in the upcoming years
due to the quality offered at extravagant prices. They have a unique smell and
feel, which makes the consumers buy high-priced vegan soaps. Market players are
hiring celebrities and influencers to advertise their products and tell them
about the effectiveness of their vegan soaps.
Based on the
distribution channel, the market is bifurcated into offline and online. The
offline segment is expected to account for a significant market share over the
forecast period, 2023-2027. Consumers prefer to buy personal care products,
including organic soaps, from supermarkets and hypermarkets by comparing the
prices and quality with different brands. Some of the retail outlets allow them
physical verification before making any purchase. The presence of vegan soaps
belonging to different brands increases the consumer's flexibility to choose
from a wide variety of options. The growing population and the improved living
standards in developing countries like India, Bangladesh, and Pakistan are
making the market players establish new offline outlets in these countries.
Major players operating
in global vegan soaps market are:
- All One God Faith, Inc.
(DR. BRONNER'S)
- Kirk’s Natural LLC
- Tom's of Maine, Inc.
- KMF IP HOLDINGS LLC
(Kiss My Face)
- Aegean Soap
- Beaumont Products, Inc.
(Clearly Natural)
- One With Nature
- Dr. Woods Products
- The Caldrea Company.
(Mrs. Meyer’s Clean Day)
- Maui Soap Co.
DOWNLOAD FREE SAMPLE REPORT
Customers can also
request for 10% free customization on this report.
“The European region is expected to be a
promising market for the global vegan soaps market over the forecast period,
2023-2027. High awareness about the brand and the type of ingredients used in
vegan soap drives the consumer demand. Consumers are highly aware of their
personal hygiene habits, which has made the market players find new innovative
solutions and technologies to increase the effectiveness and affordability of
vegan soaps. Market players are adopting aggressive marketing strategies and
adopting alternate sales channels to capture the highest market share. The rise
in the number of market players offering a wide variety of vegan soaps and
support from the government to avoid the use of harmful chemicals is expected
to propel the global vegan soaps market growth through 2027” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Vegan Soaps Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Type (Bar, Liquid), By Price Range (Low, Medium, High), By Distribution
Channel (Offline, Online), and By Region”, has evaluated the future growth
potential of global vegan soaps market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global vegan soaps market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com