The global soap and detergent market is expected to reach USD 207.56 billion by 2025,
according to a new report by Grand View Research, Inc. The rising disposable
income and rapid urbanization in developing countries are expected to increase
the demand for soaps and detergents. The rising healthcare awareness coupled
with government regulations to maintain hygiene and cleanliness in food
processing, product manufacturing, and hotel is expected to drive the market
growth.
Launch of innovative new product is another
major factor contributing toward market growth. The demand for highly efficient
and anti-allergic cleaning products is growing rapidly. The manufacturers are
continuously focusing on innovative product development to cater the unmet
needs of their customers. For instance, anti-allergy soaps and natural
ingredients containing detergents are heavily adopted by consumers with
delicate skin.
Access
Research Report of Soap & Detergent
Market @ https://www.grandviewresearch.com/industry-analysis/soap-detergent-market
Further Key Findings From the Report Suggest:
· Household detergents segment was the
largest revenue generating segment of the market in 2016 due to escalating
penetration of washing machines in the emerging economies
· Household soaps is estimated to grow at the
highest growth rate during the study period owing to rising population and
escalating disposable income in developing regions
· North America dominated the market in 2016
majorly due to the existence of well-developed economy and large textile
industry in this region
· The Asia Pacific market is estimated to
grow at the highest rate during the forecast period. Rising number population
and developing economies including India, China, and Indonesia, are major
factors contributing to growth in this region
· Some of the major players are
Colgate-Palmolive Company; Unilever; Church & Dwight Co.; Ecolab Inc.;
Procter & Gamble; Henkel AG & Co. KGaA; Lion Corp.; The Clorox Company;
Reckitt Benckiser Group PLC
Grand View Research has segmented the
global soap and detergent market on the basis of product and region:
Soap & Detergent Product Outlook
(Revenue, USD Billion; 2014 - 2025)
·
Household detergents
·
Industrial soaps & detergents
·
Household soaps
·
Others
Soap & Detergent Soap & Detergent
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
RoW
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For More
Information: www.grandviewresearch.com
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