Bath Soap Market Size, Price Trends, Demand, Sales, Growth and Forecast 2021 to 2026 – EcoChunk
The latest IMARC Group report, entitled “Bath Soap Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, Notes that the Bath Soap Market Report is experiencing moderate growth in 2020. Bath soaps refer to personal care products made from a combination of alkalis, such as caustic soda and caustic potash. They include glycerin, animal or vegetable fats, propylene glycol, allantoin, sodium laureth sulfate (SLS), etc. Bath soaps help unclog pores, remove dirt and debris, condition the skin, and more. As they help maintain the overall hygiene of an individual and are available in powder, bar, flake or liquid form, the demand for bath soaps is increasing across the world.
Like the new coronavirus (COVID-19[female[feminine) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the purchasing behavior of consumers around the world and our estimations on the latest market trends and forecasts are made after considering the impact of this pandemic.
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Global Bath Soap Market Trends:
Rising pollution levels, coupled with the easy availability of variations of eco-friendly products made with organic and vegan ingredients, are primarily driving the bath soap market. In addition, the various key players are focusing on launching innovative products with attractive biodegradable packaging to expand their customer base, which is also catalyzing the growth of the market. At the same time, the growing demand for high-end product variants based on exotic ingredients, due to improved living standards and growing awareness of personal hygiene, is increasing the global market. Moreover, the increasing investments in promotional campaigns such as celebrity mentions further boost the growth of the market. Apart from this, the sudden outbreak of the COVID-19 pandemic is causing strict lockdown restrictions in many countries and encouraging product sales through e-commerce channels. This, in turn, is expected to fuel the bath soap market during the forecast period. Due to these factors, the market value is expected to reach US $ 27.2 billion by 2026, with a CAGR of 4.6% during the forecast period (2021-2026).
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Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
- Procter & Gamble Company
- Unilever NV / PLC
- Colgate-Palmolive Company
Segmentation of the bath soap market:
Our report has categorized the market on the basis of region, product type, form, and distribution channel.
Market breakdown by type of product:
- High-end products
- Mass products
Market breakdown by form:
- Solid bath soaps
- Liquid bath soaps
Market breakdown by distribution channel:
- Convenience Stores
- Supermarkets and hypermarkets
- Specialty stores
- in line
Market breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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