All updated as on -
From 2023 to 2030, the global bar soap market is forecast to grow at a CAGR of 4.24%, from US$30.39 billion in 2023 to US$45.18 billion in 2030.
For cleaning and sanitary purposes, bar soaps are frequently used in homes and public spaces like schools, colleges, corporations, gyms, and restaurants. These soaps are not only long-lasting and gentle on the skin, but they also have the ability to hydrate the skin better than other cleaning agents. Soaps are used by a wide variety of establishments and consumers; as a result, the worldwide soap market is being driven by rising demand from a wide range of end-users.
In recent years, the skin care business has seen a meteoric rise in demand, fueled by customers' growing penchant for high-end, individualized personal care products. Also expected to boost bar soap market expansion over the coming years is the brisk building of homes and businesses in developing countries like China, India, Japan, and Brazil.
The convenience of purchasing personal care items from a wide variety of retail outlets—from drugstores and supermarkets to department shops and beauty parlors—has contributed greatly to the industry's rapid expansion in recent years. In addition, growth is forecasted as male consumers place a higher value on skincare and grooming products to enhance their outward appearance and skin health. Moreover, the market benefits from rising R&D spending, which produces innovative products that meet the needs of a wide range of consumers.
Vegan, all-natural, organic, clean, reef-safe, non-GMO, gluten-free, soy-free, traceable, recyclable, and eco-friendly products are all things consumers want. Sustainable production practices and new product innovations are becoming priorities for many market manufacturers. For instance, the plant-based soaps at Vibey Soap Co. come in a rainbow of colors and scents. All of the soaps, from "Cucumber & Melon" to "Almond Mahogany," are cruelty-free and come in clamshells made from recycled paper rather than plastic.
The effect In 2020, the market for soap was profoundly affected by the COVID-19 epidemic. There was a decrease in the capacity of the personal care product manufacturing units as a result of a lack of raw materials and production workers caused by various obstacles and shutdowns in various nations. Global trade hurdles and limitations between nations like the US, China, and India also contributed to a drop in overall market revenue during the pandemic. Some international and domestic brands may have benefited from the crisis by taking advantage of temporary disruptions in their supply chains. Although retail sales were expected to drop significantly because of COVID-19, online sales grew rapidly as more and more people started using these soaps to keep themselves and their homes clean.
The market for high-end skin care items has changed in recent years to reflect consumers' shifting priorities. Soaps made with natural components are preferred because consumers have realized the importance of protecting their delicate skin. Key market players have been investing heavily in the introduction of new items to expand their product portfolios in terms of organic bar soaps, thereby responding to the growth of the market. In addition, millennials' penchant for making online purchases of branded and high-quality personal care goods has opened up promising new avenues for expansion in the worldwide market.
Report Coverage
Global Bar Soap research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bar Soap report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bar Soap competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bar Soap market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bar Soap market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bar Soap market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Unilever plc (U.K.), Premier English Manufacturing Ltd (Premco) (U.K.), Vanguard Soap LLC (U.S.), Beaumont Products, Inc. (U.S.), Betasoap Sp. z o.o. (Poland), John Drury & Co Ltd (U.K.), Twincraft Skincare (U.S.), Commonwealth Soap & Toiletries (CST) (U.S.), Vermont Soap (U.S.), Bradford (U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bar Soap market based on the below-mentioned segments:
Global Bar Soap Market, By Material Type
Natural
Synthetic
Global Bar Soap market, By Application
Bathing
Dish Washing
Hand Washing
Global Bar Soap Market, By Quality
Low
Standard
Premium
Global Bar Soap market, Regional Analysis
For cleaning and sanitary purposes, bar soaps are frequently used in homes and public spaces like schools, colleges, corporations, gyms, and restaurants. These soaps are not only long-lasting and gentle on the skin, but they also have the ability to hydrate the skin better than other cleaning agents. Soaps are used by a wide variety of establishments and consumers; as a result, the worldwide soap market is being driven by rising demand from a wide range of end-users.
In recent years, the skin care business has seen a meteoric rise in demand, fueled by customers' growing penchant for high-end, individualized personal care products. Also expected to boost bar soap market expansion over the coming years is the brisk building of homes and businesses in developing countries like China, India, Japan, and Brazil.
The convenience of purchasing personal care items from a wide variety of retail outlets—from drugstores and supermarkets to department shops and beauty parlors—has contributed greatly to the industry's rapid expansion in recent years. In addition, growth is forecasted as male consumers place a higher value on skincare and grooming products to enhance their outward appearance and skin health. Moreover, the market benefits from rising R&D spending, which produces innovative products that meet the needs of a wide range of consumers.
Vegan, all-natural, organic, clean, reef-safe, non-GMO, gluten-free, soy-free, traceable, recyclable, and eco-friendly products are all things consumers want. Sustainable production practices and new product innovations are becoming priorities for many market manufacturers. For instance, the plant-based soaps at Vibey Soap Co. come in a rainbow of colors and scents. All of the soaps, from "Cucumber & Melon" to "Almond Mahogany," are cruelty-free and come in clamshells made from recycled paper rather than plastic.
The effect In 2020, the market for soap was profoundly affected by the COVID-19 epidemic. There was a decrease in the capacity of the personal care product manufacturing units as a result of a lack of raw materials and production workers caused by various obstacles and shutdowns in various nations. Global trade hurdles and limitations between nations like the US, China, and India also contributed to a drop in overall market revenue during the pandemic. Some international and domestic brands may have benefited from the crisis by taking advantage of temporary disruptions in their supply chains. Although retail sales were expected to drop significantly because of COVID-19, online sales grew rapidly as more and more people started using these soaps to keep themselves and their homes clean.
The market for high-end skin care items has changed in recent years to reflect consumers' shifting priorities. Soaps made with natural components are preferred because consumers have realized the importance of protecting their delicate skin. Key market players have been investing heavily in the introduction of new items to expand their product portfolios in terms of organic bar soaps, thereby responding to the growth of the market. In addition, millennials' penchant for making online purchases of branded and high-quality personal care goods has opened up promising new avenues for expansion in the worldwide market.
Report Coverage
Global Bar Soap research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bar Soap report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bar Soap competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bar Soap market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Unilever plc (U.K.), Premier English Manufacturing Ltd (Premco) (U.K.), Vanguard Soap LLC (U.S.), Beaumont Products, Inc. (U.S.), Betasoap Sp. z o.o. (Poland), John Drury & Co Ltd (U.K.), Twincraft Skincare (U.S.), Commonwealth Soap & Toiletries (CST) (U.S.), Vermont Soap (U.S.), Bradford (U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bar Soap Market from 2021 to 2030.
- Market Forecast for Bar Soap Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bar Soap competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bar Soap
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bar Soap market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bar Soap market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Unilever plc (U.K.), Premier English Manufacturing Ltd (Premco) (U.K.), Vanguard Soap LLC (U.S.), Beaumont Products, Inc. (U.S.), Betasoap Sp. z o.o. (Poland), John Drury & Co Ltd (U.K.), Twincraft Skincare (U.S.), Commonwealth Soap & Toiletries (CST) (U.S.), Vermont Soap (U.S.), Bradford (U.S.).
Primary Target Market
- Market Players of Bar Soap
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bar Soap market based on the below-mentioned segments:
Global Bar Soap Market, By Material Type
Natural
Synthetic
Global Bar Soap market, By Application
Bathing
Dish Washing
Hand Washing
Global Bar Soap Market, By Quality
Low
Standard
Premium
Global Bar Soap market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive bar soap market market research and competitor analysis for your business to help you develop more profound insights into the bar soap market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the bar soap market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.