Shampoo Bar Market Projected to Reach USD 15.07 Billion by 2030 | Fortune Business Insights™
Companies leading the Shampoo Bar Market are LUSH (U.K.), L’Oréal S.A. (France), The Procter & Gamble Company (U.S.), Grüum Europe Ltd. (U.K.), HiBAR (U.S.), Carol’s Daughter (U.S.), Ethique, Inc. (New Zealand), Davines International (Italy), Shiseido Co. Ltd. (Japan), L’Occitane Groupe S.A. (France), and more.
Shampoo Bar Market
Pune, India, Nov. 20, 2023 (GLOBE NEWSWIRE) — The global shampoo bar market size was valued at USD 10.07 billion in 2022 and is projected to grow from USD 10.53 billion in 2023 to USD 15.07 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period of 2023-2030.
Solid shampoo bars are used as hair cleansing products produced using herbal oils, conditioners, butter, and gentle cleansers. Rising awareness among the young population regarding the benefits of solid cosmetics is expected to drive shampoo bar market growth during the forecast period.
Fortune Business Insights™ mentioned this in a report titled, “Shampoo Bar Market, 2023-2030.”
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Leading Players Featured in the Shampoo Bar Market Research Report are:
- LUSH (U.K.)
- L’Oréal S.A. (France)
- The Procter & Gamble Company (U.S.)
- Grüum Europe Ltd. (U.K.)
- HiBAR (U.S.)
- Carol’s Daughter (U.S.)
- Ethique, Inc. (New Zealand)
- Davines International (Italy)
- Shiseido Co. Ltd. (Japan)
- L’Occitane Groupe S.A. (France)
Report Scope & Segmentation:
|2030 Value Projection||USD 10.07 Billion|
|Market Size in 2022||USD 15.07 Billion|
|No. of Pages||85|
|Report Coverage||Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends|
|Shampoo Bar Market Growth Drivers||Rising Adoption of Plastic-free and Eco-friendly Cosmetics to Accelerate Market Growth|
|Continuous Promotions for Solid Shampoos by Companies to Drive Product Demand|
The report provides major growth drivers, restraining factors, opportunities, and potential challenges for the market. It offers comprehensive insights into regional developments, a list of major industry players, key strategies adopted by market players, and the latest industry developments, including product launches, partnerships, mergers, and acquisitions. Drivers & Restraints
Drivers and Restraints
Increasing Adoption of Plastic-free and Eco-friendly Cosmetics to Augment Market Growth
The growing consumer transition from plastic bottled liquid shampoos to solid bars is reducing plastic waste generation and promoting sustainability and environmental friendliness. This trend, driven by increasing consumer demand for plastic-free cosmetics, is fueling market growth.
However, the increased availability of alternative products, including soap bars, powder, liquid shampoos, and others, is hindering the consumer demand for shampoo bars globally.
Retail Stores Shutdown During COVID-19 Pandemic Hindered Market Growth
The COVID-19 pandemic had a negative impact on market growth. Global cosmetic product demand was adversely affected by government-mandated lockdowns, with major companies such as LUSH reporting a 6.6% decrease in annual net revenues, reaching USD 574.35 million for the financial year ending on June 30, 2021.
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Other Segment Dominate Market Due to Significant Demand for Hair Care Products
By hair type, the market is segmented into normal, dry, oily, and others. The others segment dominated the market in 2022 and is expected to hold a dominant market share during the forecast period. The growth is attributed to the significant demand for hair care products to treat several hair issues, including hair loss, scalp, and others.
Increasing Consumer Preference Toward In-store Shopping Aids Offline Segment Growth
Based on the distribution channel, the market is classified into online and offline. The offline segment held a major shampoo bar market share in 2022. The growth is attributed to the increasing consumer preference toward purchasing hair care and skin care products at retail stores, such as supermarkets globally.
Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Growing Demand for Plastic-free Shampoo Bars by Consumers to Drive Market Growth in North America
North America holds a major shampoo bar market share and was valued at USD 4.83 billion in 2022. The region’s growth is attributed to the increasing consumer demand for plastic-free shampoo bars to treat their hair across the U.S. and Canada.
Europe held a considerable market share in 2022 due to the growing demand for cold-pressed bar shampoos produced using sustainable fragrances and natural ingredients.
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Growing Key Players Focus on Production Capacity Expansion to Drive Market Growth
Major market players such as L’Oréal S.A., LUSH, and The Procter & Gamble Company are actively expanding their production capacity to meet the growing consumer demand for shampoo bars, reinforcing their market positions.
Detailed Table of Contents:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent Market
- Industry SWOT Analysis
- Recent Industry Developments
- Supply Chain & Regulatory Analysis
- Qualitative Analysis (In Relation to COVID-19)
- Impact of COVID-19 on the Market
- Supply Chain Challenges
- Potential Opportunities due to COVID-19 Pandemic
- Global Shampoo Bar Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Hair Type
- Market Analysis, Insights and Forecast – By Distribution Channel
- 5.3.4. Offline
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- South America
- Middle East & Africa
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Key Industry Development
- July 2023 – Gemspring Capital Management, LLC, a middle-market private equity company, acquired Bradford Soap International, Inc., a producer of beauty products. This acquisition will increase Gemspring Capital Management, LLC’s manufacturing capabilities globally.
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