According to a new report, published by KBV research, The Global Biodegradable Shampoo Market size is expected to reach $5.23 billion by 2031, rising at a market growth of 13.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 43902.5 Thousand Units (1 Liter) experiencing a growth of 14.6% (2020-2023).
Global urbanization has significantly influenced consumer preferences, with urban dwellers increasingly prioritizing convenience, effectiveness, and sustainability in their personal care choices. Urban consumers, often exposed to pollution and waste challenges in their surroundings, are increasingly aware of the need to reduce their ecological footprint.
The Female segment is experiencing a CAGR of 13 % during the forecast period. This dominance can be attributed to women's growing preference for sustainable and natural beauty products and increased awareness of environmental issues. Women are often the primary decision-makers for household personal care products, further driving this segment's demand for biodegradable shampoos.
The Online Retail segment led the maximum revenue in the Global Biodegradable Shampoo Market by Distribution Channel in 2023, thereby, achieving a market value of $1.8 billion by 2031. The reason for this domination is that consumers are increasingly choosing convenient shopping experiences that let them buy goods from the comfort of their homes. The availability of detailed product information, customer reviews, and eco-friendly options on e-commerce platforms has further enhanced the appeal of online shopping.
The Individual segment is growing at a CAGR of 13 % during the forecast period. Rising demand for sustainable and eco-friendly alternatives in everyday grooming routines has propelled the adoption of biodegradable shampoos among individual users. Increasing disposable incomes and a willingness to invest in premium, natural products have further contributed to the growth of this segment.
Full Report: https://www.kbvresearch.com/biodegradable-shampoo-market/
The North America region dominated the Global Biodegradable Shampoo Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 13.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 14% during (2024 - 2031).
By Gender (Volume, Thousand Units (1 Liter), USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units (1 Liter), USD Billion, 2020-2031)
By End User (Volume, Thousand Units (1 Liter), USD Billion, 2020-2031)