According to a new report, published by KBV research, The Global Bar Soap Market size is expected to reach $45.8 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 16,120.7 million Units experiencing a growth of 7.0% (2019-2022).
The Dish Wash segment is experiencing a CAGR of 4.6% during (2023 - 2030). There is a growing demand for eco-friendly and sustainable dishwashing products. Bar soaps with natural and biodegradable ingredients are considered a more environmentally friendly option compared to many liquid detergents. Bar soap for dishwashing can be sold with minimal or plastic-free packaging, aligning with the global push to reduce plastic waste. This appeals to environmentally conscious consumers. Dishwashing bar soaps are available in various fragrance options, providing consumers with a pleasant and aromatic experience while washing dishes.
The Synthetic segment is leading the Global Bar Soap Market by Source in 2022, thereby achieving a market value of $37 Billion by 2030. Synthetic bar soaps are manufactured with consistency and standardization in mind. This ensures that consumers receive a uniform and predictable product each time, which can be important for quality control and assurance. Manufacturers of synthetic bar soaps offer a wide range of formulations to cater to diverse consumer needs. These formulations include products for sensitive skin, acne-prone skin, moisturizing, and antibacterial options. This variety allows consumers to choose a soap that aligns with their specific skincare requirements.
The Online Retailers segment would register a CAGR of 4.8% during (2023 - 2030). Online distribution channels encourage competition, motivating soap bar vendors to provide competitive pricing. Promotional offers and discounts on e-commerce can further encourage consumers to purchase online. For instance, during seasonal sale events like Black Friday, online retailers offer appealing discounts on soap bars to entice customers to stock up on their preferred brands.
The Asia Pacific region dominated the Global Bar Soap Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $18.1 Billion by 2030. The Europe region is exhibiting a CAGR of 3.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 3.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/bar-soap-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 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 Geography (Volume, Million Units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
