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Zero Waste Shampoo Market Explore Growth Of $165.36 Million By 2025: Grand View Research, Inc.

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Zero Waste Shampoo Market Explore Growth Of $165.36 Million By 2025: Grand View Research, Inc.

September 05
08:10 2019
Zero Waste Shampoo Market Explore Growth Of $165.36 Million By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Rising adoption of zero-waste lifestyle and consciousness regarding waste management is driving the zero waste shampoo market demand.

According to a report,”Zero Waste Shampoo Market Size, Share & Trends Analysis Report By Product (Shampoo Bar, Liquid Shampoo), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 – 2025″, published by Grand View Research, Inc.,The global zero waste shampoo market size is expected to reach USD 165.36 million by 2025. It is projected to expand at a CAGR of 7.18% during the forecast period. Rising adoption of zero-waste lifestyle and consciousness regarding waste management is driving the product demand. Rising awareness regarding animal cruelty and adoption of reduce, recycle, and reuse ideology by manufacturers is anticipated to further drive the growth.

Zero waste shampoos are made of organic and natural ingredients. Most of these products are 100% biodegradable and vegan and packaged using recyclable and eco-friendly materials, making them less harmful to the skin as well as the environment. This makes zero waste shampoos plastic-free, sustainable, and safe for the oceans. Rising consumer awareness about the availability of these products along with eco-friendly initiatives by various organizations are projected to propel the global market growth.

The shampoo bar product segment held the largest share of the zero waste shampoo market. This product is made using natural ingredients that are gentle on skin and hair. It also lathers better as compared to the liquid shampoo and provides smoothness and conditioning to the hair. The plastic free packaging of these bars is also anticipated to drive the product demand. Rising product launches along with demand for vegan products in Asia Pacific has resulted in increased product sales.

The market has limited competition due to the presence of a large number of small manufacturers. Adoption of business strategies such as geographical expansion, product launches, and product innovations are anticipated to create growth opportunities for the market players. Some of the leading companies in this market are Lush Retail Limited; Ethique Beauty Ltd.; J.R. Liggett, Ltd.; Beauty and the Bees; Plaine Products, LLC; Oregon Soap Company; The Refill Shoppe, Inc.; Rocky Mountain Soap Company; and Biome Living Pty. Ltd. For instance, the zero waste shampoo and conditioner brand Ethique Beauty Ltd. was launched in U.K. in April 2019.

Key Takeaways from the report:

  • In terms of revenue, shampoo bar segment is projected to ascend at a CAGR of 6.86% over the forecast period

  • Offline distribution channel segment held the leading market share of over 79% in 2018

  • North America led the global zero waste shampoo market in 2018 with a 44.11% revenue share

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Global zero waste shampoo market share, by distribution channel, 2018 (%)

Regional Insights
In terms of value, North America held the largest market share of 44.11% in 2018.Rising consumer preference for cruelty free cosmetics products has resulted in increased sales of zero waste shampoo. According to a 2017 survey by the Vegan Society, around 72% Americans were against animal testing of cosmetics. Rising awareness regarding the advantages of using organic products is anticipated to boost the demand for various zero waste products.

Asia Pacific is expected to register the fastest CAGR of around 9.10% over the forecast period. Increasing demand of vegan products is anticipated to drive product launches and innovation in the region. As per the data published by the Vegan Society, the number of vegan product launches in Southeast Asia increased by 44% from 2012 to 2016. Moreover, rising business expansion activities by various international brands in countries such as Japan, China, and Australia is anticipated to drive the regional adoption of zero waste shampoo in near future.

Zero Waste Shampoo Market Share Insights
The market is in oligopoly phase as it is led by a small number of companies. Lack of awareness about the product is the reason for the very limited competition. The market is identified by several strategic initiatives, such as acquisitions, product innovations, product launches, and expansions by the key manufacturers such as Lush Retail Limited; Ethique Beauty Ltd.; J.R. Liggett, Ltd.; Beauty and the Bees; Plaine Products, LLC; Oregon Soap Company; The Refill Shoppe, Inc.; Rocky Mountain Soap Company; and Biome Living Pty. Ltd. For instance, in January 2019, a new zero waste platform called Loop was launched in coalition with major consumer goods manufacturers. The company collects empty containers of shampoos, detergents, ice creams and other such products select brands from consumers and refills them after cleaning and sterilizing.

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About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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Company Name: Grand View Research, Inc.
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Website: www.grandviewresearch.com/industry-analysis/zero-waste-shampoo-market