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

VANCOUER, BC, CANADA, January 24, 2023 /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.

Bathing bars with alluring scents and colours that promise to moisturise, lighten, and prevent ageing are becoming more and more well-liked by consumers. However, dishwashing and laundry soaps with ingredients like lemon are more useful for cleaning clothes and household items and are therefore more popular. In order to maintain cleanliness and stop the transmission of illnesses, pandemics and epidemics like the ongoing COVID-19 outbreak and the introduction of lethal flu types like H1N1 are creating a great need for such disinfection goods, which is a major driver driving the market expansion.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Soap market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analyzed and validated through primaries.

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The global Soap Market Growing awareness of skin cancers and various other skin disorders and increasing popularity of Soap Market products owing to multi-functional properties, such as tinted sunscreen, are key factors 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.

Key inclusions of the Soap Market report:

COVID-19 effects on growth figures.

Statistical analysis pertaining to market size, sales volume, and overall industry revenue.

Organized mentions of major market trends.

Growth opportunities.

Figures showcasing market growth rate.

Advantages and disadvantages of direct and indirect sales channels.

Insights regarding traders, distributors, and dealers present in the industry.

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Some Key Findings 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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The Soap Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Soap Market .

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
Application Outlook (Revenue, USD Billion; 2019-2030)
Residential
Commercial
Hotels & Restaurants
Corporates/Offices
Schools/Colleges/Universities
Others
Sales Channel Outlook (Revenue, USD Billion; 2019-2030)
Online Stores
Direct Stores
Hypermarkets/Supermarkets
Specialty/Multi-brand Stores
Convenience Stores
Others

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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

Forecasts to 2030 and other analyses reveal commercial prospects

In addition to revenue forecasting to 2030, our new study provides you with recent results, growth rates, and market shares.

You will find original analyses, with business outlooks and developments.

Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising Soap prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

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.

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Emergen Research
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