Market revenue in 2022 | USD 2,527.8 million |
Market revenue in 2030 | USD 4,137.0 million |
Growth rate | 6.4% (CAGR from 2022 to 2030) |
Largest segment | Synthetic |
Fastest growing segment | Organic |
Historical data | 2017 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Organic, Synthetic |
Key market players worldwide | Unilever PLC, Natura &Co Holding SA ADR, Johnson & Johnson, Colgate-Palmolive Co, Lush Retail Environments, Ethique, Chagrin Valley Soap & Salve, Galderma, Dr. Bronner's |
Synthetic was the largest segment with a revenue share of 92.89% in 2022. Horizon Databook has segmented the India bar soap market based on organic, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In India, an increasing number of domestic beauty brands have been leveraging popular and successful beauty e-commerce platforms like Nykaa to expand their reach to a wider audience. By partnering with Nykaa, these homegrown brands can tap into the platform's extensive customer base and established online presence.
With growing awareness of environmental concerns, many of these manufacturers are adopting ecofriendly measures at various stages of production. They source natural and organic ingredients, often locally, to minimize their carbon footprints and support local communities.
Consumers in India are increasingly seeking products made from plant-based ingredients, free from harmful chemicals, and with eco-friendly packaging. Cape of Good Soap is a Mumbai-based company providing unisex handcrafted bath and body care products with Ayurvedic, herbal, and apothecary blends.
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