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    Bar Soap Market Report

    Bar Soap Market Report
    Report code - SR1072 Delivery - 2 Weeks
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    Global Bar Soap Market, Trends, Dynamics, Market Insights
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    Impact of COVID-19 on Bar Soap Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Bar Soap Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Bar Soap Market is estimated to grow from USD 1.3 billion in 2020 to USD 1.7 billion by 2026 at a healthy CAGR of 3.8% during the forecast period.

    Figure: Global Bar Soap Market Size, 2020-2026 (USD Million)

    Bar-Soap-Market-Forecast

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    What are Bar Soaps?

    The production of bar soap is one of the oldest sectors functioning in the FMCG industry. Bar soap is primarily chosen over its substitutes owing to its long-lasting quality, ability to moisturize the hand, and skin-friendliness. Also, due to the fewer chemicals, there is a surge in consumption of the bar soaps.

    Key Players

    Key players operating in the global bar soap market are-

    • USA Organic (The U.S),
    • Dr Woods (The U.S),
    • Nubian Heritage (The U.S),
    • Dove (The U.S),
    • Unilever (UK),
    • Beaumont Products (The U.S),
    • Johnson and Johnson (The U.S),
    • Procter and Gamble (The U.S),
    • Clinique (The U.S), and
    • Mrs Meyer's (The U.S).

    Market Dynamics

    Growing awareness of maintaining decent hygiene to help prevent the spread of germs and diseases across the globe is a key factor driving the market growth during the review period. Rising usage of bar soap primarily by people working in hazardous areas such as factories, mining, and construction propels product consumption. However, the availability of substitute products that can be used instead of bar soap such as wipes and liquid soaps negatively affects the industry growth.

    Segments' Analysis

    Application Trends

    Based on application, the bar soap market is classified into bathing, dishwashing, hand washing, and others.

    • The bathing segment held the largest share in 2020 and is projected to grow at the highest CAGR during the assessment period.
    • This is mainly attributed to its cost-effectiveness and long-lasting of bar soaps for bathing than liquid soaps.
    • Also, increasing hygiene among people and the presence of several bar soaps with different fragrance further bolsters the segment growth.

    Regional Trends

    By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to growing government initiatives on spreading awareness among consumers regarding prevention of diseases through proper maintenance of hygiene. Also, as bar soaps are cheaper and most of the countries in this region can easily afford bar soaps than other expensive products, which further proliferates the regional market growth.

    COVID-19 Impact on Global Bar Soap Market

    The COVID-19 outbreak has moderately affected the bar soap industry. Surging cases of coronavirus infections have resulted in social distancing and lockdown norms in various countries across the globe to curb the spread of the virus. This has resulted in limited production activities as well as immense supply chain disruption. Rising concern among netizens regarding cleanliness and maintaining hygiene during the pandemic bolstered the usage of bar soaps.

    Critical Questions Answered in the Report

    • What are the key trends in the global bar soap market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on the global bar soap market?
    • What are the key strategies adopted by the major vendors to lead in the global bar soap market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Bar Soap market hopes to have the greatest opportunity to convert-

    • Bar soap vendors
    • Bar soap retailers
    • Bathing products companies
    • Toiletries companies
    • Hotels

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The bar soap market size is expected to reach USD 1.7 billion in the foreseeable future.

    USA Organic (The U.S), Dr Woods (The U.S), Nubian Heritage (The U.S), Dove (The U.S), Unilever (UK), Beaumont Products (The U.S), Johnson and Johnson (The U.S), Procter and Gamble (The U.S), Clinique (The U.S) and Mrs Meyer's (The U.S) are among the key players in the bar soap market.

    The bar soap market is expected to witness an impressive growth of 3.8% CAGR in the coming years.

    Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR.

    The bathing segment is expected to grow at the highest CAGR in the bar soap market in the coming years.

    Bar soap vendors, Bar soap retailers, Bathing products companies, Toiletries companies, Hotels are the key players in the bar soap market.

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