Bar Soap Market Size to Hit USD 38.42 Bn by 2029 | At 4.02% CAGR

0
5KB

The global bar soap market size was valued at USD 28.27 billion in 2021. The market is set to expand from USD 29.16 billion in 2022 to USD 38.42 billion by 2029, exhibiting a CAGR of 4.02% over the estimated period. The surge can be attributed to the rising soap demand from numerous end-users such as restaurants and hotels.

This information is provided by Fortune Business Insights™ in its research report, titled “Bar Soap Market, 2022-2029”.

Fortune Business Insights™ lists out all the bar soap market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Unilever plc (U.K.)
  • Premier English Manufacturing Ltd (Premco) (K.)
  • Vanguard Soap LLC (S.)
  • Beaumont Products, Inc. (S.)
  • Betasoap Sp. z o.o. (Poland)
  • John Drury & Co Ltd (K.)
  • Twincraft Skincare (S.)
  • Commonwealth Soap & Toiletries (CST) (S.)
  • Vermont Soap (S.)
  • Bradford (S.)

Report Coverage:

The report provides comprehensive coverage of the key trends that are set to propel the global business scenario over the forthcoming years. It further gives an insight into the pivotal steps taken by leading companies for strengthening their market position. Some of these initiatives include mergers, acquisitions, the formation of alliances, and others.

Drivers and Restraints:

Industry Value to Rise Due to Growing Concerns for Health & Hygiene

One of the key aspects favoring the bar soap market growth is an escalation in awareness regarding health and hygiene. Poor hygiene is the leading cause for adverse health conditions.

However, the industry expansion may be hindered by the availability of substitute products such as sanitizers and hand wash.

Segments:

Natural Segment to Gain Traction Owing to Moisturizing Benefits

On the basis of material type, the market is segmented into natural and synthetic. The natural segment is poised to register appreciable expansion over the estimated period. This is mainly driven by the shifting consumer preference toward organic products and their moisturizing benefits.

Bathing Segment to Record Substantial Expansion Owing to Wide Product Usage

Based on application, the market is subdivided into hand washing, dish washing, bathing, and others. Of these, the bathing segment is set to record commendable growth throughout the forecast period. The surge can be attributed to the wide usage of bar soaps for body cleaning and bathing.

Standard Quality Segment to Depict Lucrative Growth Driven by Soaring Demand from all Consumer Groups

Based on quality, the market is subdivided into low, standard, and premium. The standard segment is slated to impel considerable growth over the projected period. The rise is being impelled by the growing product usage by various consumers.

Based on geography, the market has been studied across five regions, Europe, North America, the Middle East & Africa, South America, and Asia Pacific.

Regional Insights:

Asia Pacific to Lead Driven by Rising Population Strength

The Asia Pacific market is set to record substantial growth over the projected period. The surge can be attributed to the growing population strength in countries such as India and China.

The North America bar soap market share is expected to register a commendable surge throughout the estimated period. This can be credited to the growing emphasis of bar soap producers on the enhancement of their product portfolio.

Competitive Landscape:

Major Companies Ink Partnership Agreements to Expand Product Reach

Key bar soap companies are focused on the adoption of numerous strategies for the consolidation of their market position. These include collaborations and partnership agreements for increasing product penetration. Additional initiatives include surging participation in trade conferences.

Key Industry Development:

  • January 2022 – Oregon Soap Company rolled out its new Carbonfree products in collaboration with Carbonfund.org. Via this partnership, the company reached its goal of offsetting CO2 emissions of its products by over 100%.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/bar-soap-market-103896

 

Suche
Kategorien
Mehr lesen
Andere
CRM Benefits and Challenges: Is it Worth the Investment?
In today's highly competitive business landscape, companies constantly seek ways to improve...
Von pradip 2024-10-16 10:09:39 0 2KB
News
A Russian weapon could wipe out US space edge
Early this month, senior US officials publicly shared their startling concern that a...
Von Ikeji 2024-05-16 06:34:16 0 2KB
Andere
Durable and Sanitary: The Benefits of Epoxy Flooring for Commercial Kitchens
  When it comes to commercial kitchens, durability and cleanliness are of utmost...
Von DanielWeston 2024-06-24 11:33:05 0 2KB
Wellness
Best Face Wash for Women: Celebrate Holi with Quick Womancart Delivery
Introduction: Celebrate Holi with Radiant Skin Holi, the festival of colors, is synonymous with...
Von womancart 2025-03-12 10:16:56 0 1KB
Film/Movie
《颜心记》是一部引人入胜的古装悬疑爱情剧
以其独特的剧情设定和深刻的人物刻画赢得了观众的广泛关注。花猪TV剧讲述了罹患脸盲症的傲娇郡王兼总捕头江心白,为了探查“癸草案”的秘密,秘密潜入河蛮地区,却意外邂逅了行事乖...
Von luosi 2024-08-26 10:16:29 0 1KB