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Soap Market Trends – Rising demand for natural or organic products in urban areas

VANCOUER, BC, CANADA, November 3, 2022 /EINPresswire.com/ -- The global soap market size was USD 36.61 billion in 2021 and is expected to register a revenue CAGR of 5.8% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as growing awareness of health and wellness concerns among people. Consumers get exposed to various germs, such as viruses and bacteria knowingly and unknowingly in public places be it commercial or residential, owing to which consumers nowadays are becoming more conscious regarding maintaining cleanliness and proper sanitization at various places, such as homes, restaurants, and hotels, which is another factor driving market revenue growth. Also, governments across various countries have framed certain guidelines and have taken initiatives towards maintenance of personal hygiene in public places, such as toilets and restaurants, to restrict spread of health-related infections. Hence, manufacturers are coming up with various anti-bacterial soaps made of herbal ingredients, such as neem and basil, which are also driving market revenue growth.

Key Soap Market participants include Reckitt Benckiser Group PLC., Procter & Gamble, Himalaya Wellness, ITC Limited, Unilever, Godrej Consumer Products Limited, Colgate-Palmolive Company, Johnson & Johnson Services, Inc., Jyothy Laboratories Ltd., Cholayil Private Limited, and Dr. Woods Naturals.

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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Soap industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Soap industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Soap industry.

Key Benefits of the Report:

This study presents the analytical depiction of the Soap Market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the Soap Market.

The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Soap Market .

The report provides a detailed Soap Market analysis based on competitive intensity and the competition that will take shape in coming years.

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.emergenresearch.com/industry-report/soap-market

Some Key Highlights from the Report :

The organic segment accounted for a significant revenue share in 2021. This can be attributed to rising demand for natural and herbal-based soap products owing to a surge in consumer consciousness regarding presence of toxic synthetic ingredients in normal soaps, which is driving revenue growth of this segment. Also, customers are buying organic soaps as these are made of natural ingredients such as neem, basil, aloe vera, and others. These ingredients help to promote skin health and aid acne, sunburns, and eczema, among others, hence, owing to benefits of natural ingredients there is a surge in demand for organic products.

The laundry soap segment is expected to generate a moderate revenue growth during the forecast period. This can be attributed to a surge in demand for liquid-based soaps in laundry sections owing to rising usage of washing machines for cleaning clothes in various end-use sectors such as hotels, hospitals, households, and others. Furthermore, with emergence of automatic washing machines, there is a rising demand for gels, pods, and others for an effective consuming less energy. Hence, increased demand for automatic washing machines is expected to drive revenue growth of this segment during forecast period.

The liquid soap segment is expected to register fastest revenue CAGR during the forecast period. Growth of this segment is due to increased knowledge of various benefits associated with healthy and sanitary lifestyle. Furthermore, customers all over the world have grown quite concerned with cleanliness, which is driving market growth.

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Emergen Research has segmented the global soap market based on composition, product type, form, application, packaging, sales channel, and region:

Composition Outlook (Revenue, USD Billion; 2019-2030)
Organic/Herbal
Conventional

Product Type Outlook (Revenue, USD Billion; 2019-2030)
Bath & Body Soaps
Kitchen Soaps
Laundry Soaps
Others

Form Outlook (Revenue, USD Billion; 2019-2030)
Bar
Liquid

Packaging Outlook (Revenue, USD Billion; 2019-2030)
Pouch
Bottle
Tube

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States

Europe

China

Japan

Southeast Asia

India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Questions Answered in the Soap Market Research Report:

Who are the leading market players active in the Soap Market ?

What would be the detailed impact of COVID-19 on the market?

What are the current trends that would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the Soap Market ?

What are the projections for the future that would help in taking further strategic steps?

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Thank you for reading our report. Customization of the report is available according to the requirements of clients. Kindly get in touch with us to know more about the report.

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Emergen Research
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