Organic Soaps Market Report 2021-2027: Poor Demand in Underdeveloped Countries & High Growth Potential in Emerging Markets
Market
Forecast
The
global organic soaps market size is
projected to be valued at USD 432 million by 2027at a CAGR
of 8.2% between 2020 and 2027.Organic soaps are certified by
various certification bodies present across the globe, such as Nature's
International Certification Services (NICS), United States Department of
Agriculture (USDA), EU organic certification, and Natural Products Association
Standard and Certification for Personal Care Products. Organic soaps are
manufactured with organic methods that are free from genetically modified
organisms (GMO) and artificial ingredients. The demand for organic soaps is
increasing as people are opting for chemical-free and natural personal care products.
Also, product launch by manufacturers is also expected to drive the demand for
organic soaps during the forecast period. For instance, in July 2020,
Khadi Natural, an India-based company, launched a loofa soap. Loofah soap
offers moisturizing properties, which help in exfoliating the skin.
Key
Players
- Unilever
plc (UK)
- Osmia
Organics (US)
- Lush
(UK)
- Oregon
Soap Company (US)
- EO
Products (US)
- Pangea
Organics, Inc. (US)
- Rocky
Mountain Soap Company Inc.(Canada)
- Brittanies
Thyme (US)
- Neal's
Yard (Natural Remedies) Limited (UK)
- Khadi
Natural (India)
Market
USP
Availability
of PremiumOrganic Soaps
Growth
Opportunities in the Market
Increasing
adoption of organic farming practices in emerging economies: The
increasing demand for organic products has led small-scale farmers in emerging
economies to adopt organic farming practices. Growth is particularly high in
emerging economies such as Asia-Pacific, the Middle East, and Africa owing to
rising awareness among farmers about the hazards of chemical fertilizers.
Significant investments are being made in organic production in these countries
to shift away from conventional farming practices. Government support for the
promotion of organic farming also plays a significant role. According to FiBL,
in Asia-Pacific, the largest in-conversion areas in 2017 were Australia, India,
and China.
Non-store-based
distribution channels gaining popularity across the globe: The
non-store-based segment includes e-commerce, wherein manufacturers distribute
oral care products through various online shopping sites and/or their websites.
Companies face difficulties in reaching consumers in different parts of the
world through brick-and-mortar stores. Thus, e-commerce channels enable
companies to cater to the consumer's needs and expand brand presence.
Additionally, this mode of distribution also helps manufacturers showcase their
wide variety of products available.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private
Limited),
99
Hudson Street,5Th Floor, New York,
New
York 10013,
United
States of America
Comments
Post a Comment