Increase in awareness of the healing benefits of essential oils, and rise in preference toward sustainable and safe personal care products drive the growth of the global essential oil soap market.
PORTLAND, Oregon, Jan. 21, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Essential Oil Soap Market by Product Type (Lavender Essential Oil, Rose Essential Oil, Tea Tree Essential Oil, Rosemary Essential Oil, Peppermint Essential Oil, and Others), and Distribution Channel (Supermarket/Hypermarket, E-commerce, Retail Stores, and Pharmaceutical Stores): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global essential oil soap industry was estimated at $261.2 million in 2018 and is expected to hit $458.6 million by 2026, registering a CAGR of 8.3% from 2019 to 2026.
Drivers, restraints and opportunities-
Surge in awareness of the healing benefits of essential oils, increase in preference toward sustainable and safe personal care products, and preference for locally made, artisanal, natural products fuel the growth of the global essential oil soap market. On the other hand, high price as compared to synthetic ingredient soaps, and several cross-border counterfeit activities impede the growth to certain extent. However, revenue opportunities in establishing direct distribution network, and growth in revenue through online sales channels are expected to usher in a number of opportunities for the key players in the industry.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6278
The lavender segment to dominate by 2026-
Based on product type, the lavender segment contributed to one-fifth of the global essential oil soap market share in 2019, and is anticipated to lead the trail during 2019–2026. Lavender oil is said to have antiseptic and anti-inflammatory properties, which helps in healing minor burns and bug bites. It is also useful for treating anxiety, depression, insomnia, and restlessness. These factors have boosted the growth of the segment. The rosemary segment, on the other hand, would cite the fastest CAGR of 9.4% till 2026. Being used in aromatherapy since past, Rosemary oil helps in reducing stress levels and nervous tension along with boosting mental activity, encouraging clarity and insight, relieving fatigue, and supporting respiratory function which, in turn, propels the growth of the segment.
The supermarket/hypermarket segment to retain the lion's share during the estimated period-
Based on distribution channel, the supermarket/hypermarket segment accounted for one-third of the global essential oil soap market share in 2019, and is projected to retain its dominance throughout the forecast period. The fact that it offers different types of essential oil soaps of various brands with unique features in each brand product has propelled the growth of the segment. Simultaneously, the pharmaceutical stores segment would showcase the fastest CAGR of 10.6% during the study period. With the growth of supply chain system and demand by customers, pharmaceutical stores are not limited to drugs and medicines only, they are now expanding their products offering to stationaries, food, beverages, cosmetic and other general livelihood items which, in turn, has boosted the growth.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6278
Europe, followed by North America, to rule the roost-
Based on geography, Europe, followed by North America, held the major share in 2019, garnering two-fifths of the global essential oil soap market. Demand for natural ingredients has increased for manufacturing cosmetics, and personal care industries in Europe, which has fueled the growth of the market in this province. At the same time, the region across LAMEA is expected to grow at the fastest CAGR of 14.3% by the end of 2026. Leading players in the province are targeting direct distribution of their product through authorized outlets and online portals. These players are focusing on promoting their unique product offerings and supplying it through direct sales channel. These factors have contributed to the growth of the region.
Frontrunners in the industry-
- Dove
- forest essentials
- Wipro Unza Holdings Ltd.
- Lush
- Sunleaf Naturals, LLC
- Enchanteur
- kama Ayurveda
- Virginia Aromatics
- Edens Garden
- Olay
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Hand Sanitizer Spray Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
CBD Skin Care Market Global Opportunity Analysis and Industry Forecast, 2019–2026
Fragrance and Perfume Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Facial Serum Market: Global Opportunity Analysis and Industry Forecast, 2018-2025
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
