The global organic soap market witnessed a valuation of USD 2.29 billion in 2023 and is anticipated to reach USD 3.55 billion by 2030, exhibiting a steady CAGR of 6.5%. Organic soaps, enriched with nourishing and moisturizing properties sourced from natural compounds like glycerol and plant extracts, are experiencing a surge in demand, primarily fueled by the popularity of scented varieties.
Information Source: https://www.fortunebusinessinsights.com/organic-soap-market-108859
Top Key Companies Covered in the Organic Soap Market:
- Pangea Organics (U.S.)
- Bronner's Magic Soaps (U.S.)
- Natura & Co. Holdings S.A. (Brazil)
- L’OCCITANE INTERNATIONAL SA (France)
- Neal's Yard Remedies (U.K.)
- Osmia (U.S.)
- Truly's Natural Products (U.S.)
- Forest Essentials (India)
- Chagrin Valley Soap & Salve (U.S.)
- Stephenson Group (U.K.)
Segmentation:
Form: The market is categorized into liquid and solid forms. Solid soaps hold the largest market share, driven by substantial demand for powder and bar variants among consumers.
Distribution Channels: Distribution channels include online, hypermarkets & supermarkets, specialty stores, and others. Specialty stores lead the market share, catering to the demand for luxury personal hygiene products.
Region: Geographically, the market spans Europe, the Middle East & Africa, North America, Asia Pacific, and South America.
Report Coverage: The research report, titled "Organic Soap Market, 2024-2030" by Fortune Business Insights™, provides crucial insights into factors influencing market growth, the latest trends, key segments, and notable industry developments. Additionally, it comprehensively covers major strategies adopted by leading companies to secure a dominant market share.
Drivers and Restraints: The market is propelled by the increasing adoption of organic soaps offering functional skincare benefits, containing natural extracts rich in antioxidants, anti-aging, and antiseptic properties. However, the growing use of DIY liquid bars and hand gels presents a potential hindrance to market growth.
Regional Insights: Asia Pacific dominates the market, attributed to a transition in consumer preferences towards sustainable personal care products. North America's market growth is fueled by rising concerns regarding skin issues, particularly in Canada and the U.S.
Competitive Landscape: Market players are strategically investing to expand their customer base and manufacturing capabilities while strengthening global supply chains. Initiatives include product launches, mergers and acquisitions, capacity expansions, and partnership strategies. Noteworthy is The Handmade Soap Company's partnership with Vincent McDermott’s TR Partners in November 2023, aiming to expand its business presence in the travel retail channel across Dublin, Cork, and Shannon airports.
Key Industry Development:
November 2023: The Handmade Soap Company, an Irish body care and home fragrance products manufacturer announced a partnership with Vincent McDermott’s TR Partners for the expansion of its business presence through the travel retail channel. The company can supply shower gel, candles & diffusers, hand cream, soap, and other products to duty-free stores in Dublin, Cork and Shannon airports through this move.
