The Asia Pacific Bar Soap Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 6,201.7 million units, showcasing a growth of 7.3% (2019-2022).
This product is gaining popularity because it contains fewer chemicals and is less damaging to the skin than competing hygiene products. The growing demand is also significantly influenced by hotels' improved use of consumer products. Increasing usage of bar soap, particularly by individuals working in hazardous environments, including mines, factories, and construction sites, contributes to product consumption.
Soaps with high chemical concentrations, for instance, are effective at removing pathogens and other environmental contaminants from the body. The demand for high-quality skin care products has increased in recent years with shifting consumer demand patterns. Choosing soaps created with natural ingredients is less dangerous in the long run because consumers are becoming more worried about the health of their delicate skin.
As per Invest India, the ecosystem for manufacturing cosmetics and personal care products is dispersed throughout the country. The sector growth for beauty & personal care products in India is dominated by skin care, hair care, and bath & shower products. E-commerce platforms have made it convenient for consumers across India, including those in urban and rural areas, to purchase bar soaps online without the need to visit physical stores. Consumers in India can access a variety of niche, specialty, and imported bar soap brands and formulations that are not be readily available in local brick-and-mortar stores. All these factors will uplift the regional market expansion in coming years.
The China market dominated the Asia Pacific Bar Soap Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,804.1 Million by 2030. The Japan market would experience a CAGR of 3.8% during (2023 - 2030). Additionally, The India market is registering a CAGR of 5.1% during (2023 - 2030).
Based on Application, the market is segmented into Bathing, Dish Wash, Hand Wash, and Others. Based on Source, the market is segmented into Synthetic, and Natural. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Bar Soap Market is Predict to reach $45.8 Billion by 2030, at a CAGR of 4.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Lush Retail Ltd., Ethique Limited, Unilever PLC, Chagrin Valley Soap & Salve Company (Chagrin Valley Soap & Craft, Ltd.), Galderma S.A., The Body Shop International Limited (Natura &CO Holding S.A. ), Johnson & Johnson, Kirk’s Natural, LLC, Tom's of Maine, Inc. (The Colgate-Palmolive Company), All One God Faith, Inc. (Dr Bronner's Magic Soaps)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Source (Volume, Million Units, USD Million, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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