IMARC Group, a leading market research company, has recently releases report titled “Liquid Soap Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global liquid soap market, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Liquid Soap Market?
The global liquid soap market size reached US$ 19.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
Liquid soap consists of a combination of water, oils, fats, and surfactants used to break down dirt on any surface. It also contains added moisturizers to prevent the skin from getting dry and is suitable for people with sensitive skin. It offers more convenience and hygiene than bar soap, as it is packaged in a pump or squeeze bottle for easy dispensing. At present, it is widely used for a variety of purposes, such as body washing and cleaning household surfaces.
What are the growth prospects and trends in the liquid soap industry?
At present, rapid urbanization, inflating disposable incomes of individuals, and the growing awareness about hygiene and cleanliness in homes, offices, and public places, are among the primary factors positively influencing the market across the globe.
In addition, shifting consumer preferences towards natural ingredients in soaps are offering lucrative growth opportunities to key market players for introducing organic soap variants. Apart from this, the increasing usage of mobile applications that facilitate easy availability of liquid soap through e-commerce websites, coupled with free doorstep delivery and secured payment gateways, are fueling the growth of the market.
Moreover, manufacturers are focusing on introducing new fragrances, formulations, and packaging innovations for liquid soaps, which is stimulating the growth of the market around the world.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Organic
- Conventional
Breakup by Product Type:
- Bath and Body Soaps
- Dish Wash Soap
- Laundry Soaps
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by Application:
- Households
- Commercial
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
3M Company, Cleenol Group Ltd., Colgate-Palmolive Company, Godrej Consumer Products Limited, GOJO Industries Inc., Henkel AG Co. KGaA, Kao Corporation, Lion Corporation, Medline Industries LP, Procter Gamble Company, Reckitt Benckiser Group PLC and Unilever PLC.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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