Growing awareness of personal hygiene among adults is expected to remain a key driver for the market, according to a new report released by Grand View Research.
The Global liquid soap market the size should reach $ 26.64 billion through 2025, according to a new report from Grand View Research, Inc. It is planned to expand to a CAGR of 5.34% during the forecast period. Raising ourselves as a hygienic and practical product is expected to drive the demand for liquid soap in commercial and residential applications. The high daily household consumption due to its excellent antibacterial properties and soothing scent is expected to further fuel the demand for the products.
Growing awareness regarding health and hygiene, especially among the working class population, should promote the use of liquid soap products in household applications. These products are available in fancy bottles with dispensers and are convenient to use. Commercial application is expected to grow at a CAGR of 4.5% from 2019 to 2025. Hotels, shopping malls, commercial buildings and hospitals are the main consumers of the market. The growing importance of facility management in these application areas due to the increasing importance given to the personal hygiene of consumers should promote the use of liquid soaps.
Asia Pacific should attend as soon as possible 6.7% CAGR of 2019 to 2025. Growing awareness of health and hygiene among consumers in developing countries such as China and India is expected to boost demand for the products. Europe holds the second position in the global liquid soap market.
The online distribution channel is expected to experience a CAGR of 7.8% from 2019 to 2025. Growing consumer preference due to the ease of product comparison associated with home delivery services offered by e-commerce portals is expected to boost growth of the segment during the forecast period. Some of the major e-commerce portals include Amazon, AliExpress, Alibaba, and Flipkart, among others.
The main players operating in this market are Reckitt Benckiser Group plc; Procter & Gamble; Godrej consumer products; Unilever; 3M; Lion Society; GOJO Industries, Inc .; Kao chemicals; Bluemoon body care; NEW AVON LLC .; and Pental products. Companies offer innovative products to gain market share. In June 2019, Reckitt Benckiser launched a wide range of products including bath soaps, hand soaps and liquid soap, among others, under the Dettol brand. These products are claimed to be free of parabens, talc and colorants.
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Highlights of Liquid Soap Market Report
â¢ Conventional products are expected to increase at a CAGR of 5.0% from 2019 to 2025
â¢ The home applications segment held the largest market share of 61.5% in 2018
â¢ Asia-Pacific held the largest market share of 35% in 2018
â¢ The main players operating in the liquid soap market are Unilever; Reckitt Benckiser plc Group. ; Procter & Gamble; Pental products; NEW AVON LLC .; Lion Society; Kao chemicals; GOJO Industries, Inc .; Godrej consumer products; Bluemoon body care; and 3M
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Segmentation of the liquid soap market
Grand View Research has segmented the global liquid soap market on the basis of product, application, distribution channel, and region:
Liquid Soap Products Outlook (Revenue, USD Billion, 2015 – 2025)
Liquid Soap Application Outlook (Revenue, USD Billion, 2015 – 2025)
Liquid Soap Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
â¢ Supermarkets and hypermarkets
â¢ Grocery store
â¢ In line
Regional Liquid Soap Outlook (Revenue, USD Billion, 2015 – 2025)
â¢ North America
â¢ Asia Pacific
â¢ Central and South America
â¢ Middle East and Africa
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About Grand View Search
Grand View Research is a market research and consulting company registered in the State of California and headquartered in San Francisco. The company offers syndicated research reports, custom research reports, and consulting services. With Grand View Research, you have the ability to understand market trends, business information and statistics from a strategic perspective. With an in-depth understanding of many business environments, Grand View Research provides business intelligence and market research and conducts over 300 multi-country market studies.
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