Global Organic Soap Market 2019-2023
About this market
The availability of organic soaps in a wide range of natural fragrances is one of the key factors expected to propel the market growth during the forecast period. Ingredients used in organic soaps are often derived from plants and minerals resulting in a variety of natural fragrances including grapefruit, oatmeal lavender, rosemary herb, sandalwood, mint, and others. The consumer base adopting organic soaps has expanded rapidly as these natural fragrances often do not cause side effects and allow the users to remain fresh. This will further lead the organic soap market to witness considerable growth in the upcoming years. Technavio’s analysts have predicted that the organic soap market will register a CAGR of almost 8% by 2023.
Growing awareness of harmful effects of synthetic soaps
One of the growth drivers of the global organic soap market is the growing awareness of harmful effects of synthetic soaps and benefits associated with organic soaps. Many people have switched over to organic soaps that are free of chemicals.
The shorter shelf life of organic soaps than synthetic soaps
One of the challenges in the growth of the global organic soap market is the shorter shelf life of organic soaps than synthetic soaps. Organic soaps are made using raw materials that are all sourced from nature and have a limited shelf life compared to their inorganic counterparts.
For the detailed list of factors that will drive and challenge the growth of the organic soap market during 2019-2023, view our report.
The market appears to be fragmented with the presence of several market players. The growing environmental concerns among consumers, manufacturers have started using ingredients in BPC products, including organic soaps, that are sourced ethically without the use of pesticides and other chemicals. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Organic Soap Market 2019-2023
Technavio recognizes the following companies as the key players in the global organic soap market: Dr. Bronner's Magic Soaps, Forest Essentials, L'Occitane International S.A., Pangea Organics Inc., Sundial Brands, and THE BODY SHOP INTERNATIONAL LIMITED.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the improvements in labeling and packaging of organic soaps.”
According to the report, one of the major drivers for this market is the growing awareness of the harmful effects of synthetic soaps.
Further, the report states that one of the major factors hindering the growth of this market is the high cost associated with organic BPC products.
Dr. Bronner's Magic SoapsForest EssentialsL'Occitane International S.A.Pangea Organics Inc.Sundial BrandsTHE BODY SHOP INTERNATIONAL LIMITED
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