According to Future Market Insights, the global cold pressed soap market is poised to reach a market value of US$ 946.98 million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 6.2% from 2023 to 2033 and reach US$ 1,728.17 million in 2033.
Cold pressed soaps are available in a broad range of flavors and are produced with a mixture of sodium-hydroxide lye and oils depending on the end-use and implementation. Nevertheless, selecting the proper component is determined by the type of various compositions and end-use as the application is precise.
As the healthcare and cosmetic industries advance, the demand for cold pressed soap is predicted to rise. With the ability to customize the oil, scent, colorants, and ingredients, cold pressed soap has gained ground in medical and skincare products.
Increased interest in natural ingredients used in beauty products is anticipated to drive demand for cold pressed soap over the projected timeframe. Furthermore, the increasing adoption of handcrafted soap has led to significant consumption of cold pressed soap in past years. Cold pressed soaps are utilized in the cosmetic and medical industries because they have various skin therapeutic effects.
Furthermore, events like 'Global Handwashing Day (15th October),' 'World Hand Hygiene Day (5th May),' and 'World Toilet Day (19th November)' encourage the consumption of these products. These initiatives are raising consciousness about the necessity of hygiene practices with surfactant ingredients before cooking, before and after ingesting, as well as after using the washroom, in order to eliminate ailment. As a result, these initiatives are expected to accelerate industry growth in the coming decades.
In terms of sales channels, the hypermarkets/supermarkets segment is estimated to account for the lion's share of the market. The customer is drawn to these stores because of the broad range of goods available, in addition to the subsidized prices and festival discounts. Buyers can also compare fragrances and other item additives in such retail, which is cruising segment growth.
On the other hand, the development of liquid washing and showering surfactant goods has aided in the growth of sales volume globally, as most solid bars get to be slippery in water, whereas liquid soaps do not. Furthermore, clients perceive that liquid soaps are more hygienic and convenient to store when utilized by various users. As a result, the liquid soap segment is anticipated to dominate the market in terms of soap type.
The Asia Pacific region continues to dominate cold pressed soap manufacturing, preceded by Europe and North America. The United States and China are regarded as the largest manufacturers, owing to their growing interest in naturally extracted skincare products and broadening medical and cosmetic industries.
Moreover, Europe is viewed as the most profitable segment for cold pressed soap consumption owing to numerous therapeutic properties and an increasingly older population. The development of the cosmetic industry in developing nations like India, which has a greater population density, provides multiple growth prospects for the cold pressed soap industry. The growing diversity of uses for soap and its mixture with a variety of substrates has led to a rise in sales for cold pressed soap.
Cold pressed soap market participants are partnering with regional companies to guarantee their global visibility and reach their potential customers. Aside from partnerships with regional competitors, important players are concentrating their efforts on advancement to satisfy future demands for cold pressed soap for end-use applications. Furthermore, participants such as Twasa are moving towards the production of cold-pressed soaps with organic ingredients and hand-made manufacturing methods. Moreover, major companies are concentrating on cooperation with worldwide vendors to ensure globalization refers to the process of their items.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 946.98 million |
| Anticipated Forecast Value (2033) | USD 1,728.17 million |
| Projected Growth Rate (2023 to 2033) | 6.2% CAGR |
Cold pressed soap market is expected to experience mounting demand as result of advancing healthcare and cosmetic industry. With option of choosing oil, scent, colorants and ingredient while making has resulted in increasing popularity of cold processed soap in medical and beauty products.
Increasing attraction towards natural contents which are used for manufacturing beauty products to drive demand for cold processed soap over the forecast period.
Furthermore, ascending demand for handmade soaps has also resulted in creating sizable demand for cold processed soap in recent past.Cold pressed soaps finds its usage in cosmetic and healthcare industry, as it provides numerous health benefits for skin.
Being available in many flavors, cold pressed soaps are manufactured with combination of sodium-hydroxide lye and oils as per end-use and application. However, choosing of proper ingredient is dependent on type of different type of composition and end use is important as application specific.
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Covi-19 has not only shattered the movement of the people but also the production and trade of the major products in the market. Halted production activity and disrupted supply chain has resulted in eroding demand for cold pressed soaps during these pandemic.
Imposition of regional and national level lockdown has resulted in demand for non-essential commodities has resulted in eroding demand for cold pressed soap during these pandemic.
For the market to resurrect to its original form, production and marketing activities should restart at force which is possible post 4th quarter of FY2020. Not only cold pressed soap demand, supply has also been put on hold to normalize the market prices which is set to normalize the overall production cost, post market resurrection.
Asia Pacific region dominates the production of cold pressed soap followed by Europe and North America based market. USA and China are considered as leading manufacturer, backed by its increasing attraction towards naturally processed beauty products and mounting healthcare as well as cosmetic industry.
Furthermore, Europe is seen as most lucrative segment for demand of cold pressed soap as result of numerous health benefits and mounting number of old-age population.
Advancing cosmetic industry in developing country like India with higher population density is providing numerous growth opportunities for cold pressed soap market. The expanding applications for soap and its combination with numerous substrate has resulted in increasing demand for cold pressed soap.
However, with increasing urbanization and mounting demand for beauty products with health benefits to boost demand for cold processed soaps over the forecast period (2020 to 2030).
Principal Consultant
Prominent global players of cold processed soaps market includes Village Naturals, Yumscents, Pretty Suds United Kingdom Limited, Essence of Earth, LUSH Ltd., Oliver Rocket LLC, Amor Bath Bombs, Hugo Naturals, Soul & Soap and Twasa. Players in the cold pressed soap market are collaborating with regional players to ensure their global presence and reach till their targeted audience.
In addition to collaboration with regional players, key players are also focusing on product innovation to meet mounting demand for cold pressed soap for end-use based application.
Besides, players like Twasa are shifting towards manufacturing of cold pressed soaps with natural ingredients and production process carried out through hand-made. Furthermore, key players are also focusing on collaboration with global suppliers in order to ensure availability of their product across the globe.
The research report presents a comprehensive assessment of the cold processed soap market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
This cold pressed soap market report provides analysis and information, according to market segments such as cold processed soap in soap type, end-use application, sales channel and region.
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The cold processed soap market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The global cold processed soap market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The global cold processed soap market report also maps the qualitative impact of various market factors on market segments and geographies.
Global cold pressed soap market is bifurcated into four major categories: soap type, end-use application, sales channel and region.
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