The key essential oil soaps consists of blend of organic essential oil, natural fats, and other associated compounds. Some of the major type of natural essential oil primarily used in the soap making includes the sandal wood oils, khas oils, palmarosa oil, ajwan oil, pepper mint oil, and lavender oil. The essential oil soaps are primarily produced over a batch format through cold or semi hot soap manufacturing processes. One of the key reason behind adoption of the aforementioned process with an evaporative feature of natural essential oil.
Based on product type, essential
oil soap market is segmented into lavender essential oil, peppermint essential
oil, tea tree essential oil, rose essential oil, rosemary essential oil, and
others. Lavender segment dominates the market owing to rise in use for treating
anxiety, insomnia, depression, and restlessness. Additionally, rosemary oil
segment is projected to depict higher growth rate as it helps in reducing
stress levels and nervous tension as well as increasing mental activity,
encouraging clarity & insight, relieving fatigue, and supporting
respiratory function during the forecast period. In addition, based on
distribution channel, market is segmented into supermarket/hypermarket, retail
stores, e-commerce, and pharmaceutical stores. Supermarket/hypermarket segment
holds major share in market as it offers different types of essential oil soaps
of a variety of brands with unique features in each brand product has propelled
the growth of the segment.
The essential oil soap market is
driven by growth in preference towards sustainable and safe personal care
products, followed by rise in awareness of the healing benefits of essential
oils and increase in preference for locally made, artisanal, natural products.
However, cross border counterfeit activities and high price as compared to
synthetic ingredient soaps may impact the market. Moreover, growth in revenue
through online sales channels is a key opportunity for market.
Based on geography, the
North-American and European regions have strong foothold in the essential oil
soap market with considerable revenue share owing to rise in incidence of skin
diseases, and introduction of cost effective products in the market. Whereas,
the Asian-Pacific region is anticipated to exhibit substantial growth rate due
to increase in spending on personal care products and cosmetic products during
the forecast period.
The global essential oil soap
market was valued at US $247.7 million in 2018 and is expected to reach US
$458.4 million by 2026, with a CAGR of 8.3% during the forecast period. The
essential oil soap markets show an incremental revenue opportunity of US $197.2
million from 2019-2026.
For More Information, Click on the Link Below:-
Global
Essential Oil Soap Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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