Industry Background:
Essential oil is the main element in soap making which is used for adding fragrance naturally in soaps. Essential oil is also included in soaps due to their healing properties. Every essential oil has its own benefits over body and mind. According to ancient belief, “quintessence” a word from which the term ‘essential oil’ is derived is referred to as ether or spirit, hence essential oil are the life essence of a plant from which it is extracted. Essential oil is a very strong plant essence and hence just a few drops are required while application. While making soap only a few ounces are added to the soap batter so as to create a particular or combined fragrance. Apart from adding fragrance to the soap, an essential oil is also used for their apparent health benefits, particularly for the skin. Different essential oils are associated with different advantages. Many of the essential oil has antibacterial or antimicrobial features, while some oil is said to help in relieving pain and inflammation.
This growth is primarily driven by Growing Focus of Increasing Population on the Benefits of Essential Oil and Physical Appearance, The Increasing Skin Problems Due to Rising Air Pollution and Artificial Products and Changing lifestyles and Standards Fuelled by Rising Disposable Income.
Globally, a noticeable market trend is evident Growing Interest in Youth Regarding the Trend of Usage of Natural and Organic Materials for Skin Care
. Major Vendors, such as Little Soap Company (United Kingdom), Rocky Mountain Soap Company (Canada), PROUVENCO (France), kama Ayurveda (India), Forest Essentials (India), Edens Garden (United States), Lush (United Kingdom), Sunleaf Naturals, LLC (United States), Virginia Aromatics (United States) and Wipro Unza Holdings Ltd. (Singapore) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to Indian Standards 30 cosmetics are listed in Schedule ‘S’ of the Drugs and Cosmetics Rules. Cosmetics Sectional Committee has published two Indian Standards for raw materials/ingredients for use in cosmetics, namely, IS 4707 (Part 1): 2017 Classification for cosmetic raw materials and adjuncts: Part 1 Colorants and 4707 (Part 2): 2017 Classification for cosmetic raw materials and adjuncts: Part 2 List of raw materials generally not recognized as safe for use in cosmetics which are widely used by Central Drugs Standard Control Organization (CDSCO) and Food and Drug Administration’s (FDA). Moreover, IS 4707 (Part 1) is referred to in the Drugs and Cosmetics Rules, 1945 for colorants to be used in cosmetics.
Market Drivers
- Growing Focus of Increasing Population on the Benefits of Essential Oil and Physical Appearance
- The Increasing Skin Problems Due to Rising Air Pollution and Artificial Products
- Changing lifestyles and Standards Fuelled by Rising Disposable Income
Market Trend
- Growing Interest in Youth Regarding the Trend of Usage of Natural and Organic Materials for Skin Care
- Increase in the Research and Development towards the Modernization of Essential Oil Soap to Address Skin Related Problems
- Focus on Development of Customized Professional Essential Oil Soap Products
Restraints
- Adverse Effect on Skin with the Use of Essential Oil Soap
- Increasing Availability of Artificial Products
Opportunities
Rising Focus on Price Reduction through New Product Inventions and Increase in the Demand for Hair Oils with Natural & Organic Ingredients
Challenges
High Cost of Premium and Essential Oil Soap Products, Rising Awareness among Consumers Regarding the Use of Hazardous Chemicals in Soap and Growing Small-Scale Manufacturers of Organic Essential Oil Soap That Are Chemical Free
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Essential Oil Soap Study Sheds Light on
The Essential Oil Soap Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Essential Oil Soap industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Essential Oil Soap industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.