Published Date: 5-Nov-2020
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According to a new report Global Organic Liquid Soaps Market, published by KBV research, The Global Organic Liquid Soaps Market size is expected to reach $111.7 Million by 2026, rising at a market growth of 12% CAGR during the forecast period.
The household segment has dominated the market and has a considerable share of the global revenue in 2019. At a macro level, increasing disposable income in the middle-class population, most remarkably in Asian countries, is boosting the segment growth. The commercial segment is predicted to show moderate yet strong growth in the coming years. The novel COVID-19 outbreak is anticipated to boost the growth of the commercial segment in the coming years.
The supermarkets and hypermarkets segment dominated the market has a considerable share of the global revenue in the year 2019. Consumers are more preferred to purchase personal care products, such as organic liquid soaps, from hypermarkets and supermarkets. The E-commerce segment is expected to increase at the fastest growth over the foreseeable period principally due to the escalating growth of e-commerce players in the industry space.
North America emerged as the largest regional market for organic liquid soap in 2019 and accounted for a substantial share of the overall revenue. Led by countries like the U.S. and Canada, companies operating within North America benefit from the rising demand for personal care products made using sustainably sourced ingredients/raw materials. North America also houses a sizable number of privately-held market participants. Asia Pacific is likely to grow at the fastest growth over the foreseeable period. Manufacturers are operating within the Asia Pacific are capitalizing on the ample supply of raw materials as well as the obtainability of cheap labour. China and India remain the most noticeable markets in the Asia Pacific.
Structural Insights: https://www.kbvresearch.com/organic-liquid-soaps-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oregon Soap Company, Tropical Products, Inc., Vanguard Soap, LLC, SFIC Corporation, Botanie Natural Soap, Inc., Lunaroma, Inc., Soap Solutions, Country Rose Soap Company Ltd., Penns Hill Organic Soap Company, and Mountain Rose Herbs.
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