The global liquid soap market size
is expected to reach USD 26.64 billion by 2025, according to a new report by
Grand View Research, Inc. It is projected to expand at a CAGR of 5.34% during
the forecast period. Rising us as a hygienic and convenient product is expected
to drive the demand for liquid soap in commercial and residential application.
High daily household consumption as a result of its excellent anti-bacterial
properties and soothing fragrance is anticipated to further fuel the product
demand.
Growing awareness regarding health and
hygiene, especially among working class population is expected to promote the
use of liquid soap products in household application. These products are
available in fancy bottles with dispensers and are convenient to use.
Commercial application is expected to expand at a CAGR of 4.5% from 2019 to
2025. Hotels, shopping malls, commercial real estate buildings, and hospitals
are the major consumers in the market. Rising importance of facility management
in these application areas as a result rising focus on personal hygiene of
consumers is expected to promote the use of liquid soaps.
Asia Pacific is expected to witness fastest
CAGR of 6.7% from 2019 to 2025. Growing awareness regarding health and hygiene,
among consumers in developing countries such as China and India is expected to
boost the product demand. Europe holds the second position in global liquid
soap market.
Online distribution channel is expected to
witness a CAGR of 7.8% from 2019 to 2025. Rising consumer preference due to the
ease of product comparison coupled with doorstep delivery services offered by
e-commerce portals is projected to boost the segment growth over the forecast
period. Some of the key e-commerce portals include Amazon, AliExpress, Alibaba,
and Flipkart among others.
Key players operating in this market
include Reckitt Benckiser Group plc; Procter & Gamble; Godrej Consumer
Products; Unilever; 3M; Lion Corporation; GOJO Industries, Inc.; Kao Chemicals;
Bluemoon Bodycare; NEW AVON LLC.; and Pental Products. Companies are offering
innovative products to gain greater market share. In Jun 2019, Reckitt
Benckiser launched a wide range of products including bathing soaps, hand
washes, and liquid soap among others under the brand name, Dettol. These
products are claimed as free from parabens, talc, and dyes.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/liquid-soap-market
https://www.grandviewresearch.com/industry-analysis/liquid-soap-market
Further key findings from the report suggest:
· Conventional products is projected to
expand at a CAGR of 5.0% from 2019 to 2025
· Household application segment held the
leading market share of 61.5 % in 2018
· Asia Pacific held the leading market share
of 35% in 2018
· Major players operating in the liquid soap
market are Unilever; Reckitt Benckiser Group plc.; Procter & Gamble; Pental
Products; NEW AVON LLC.; Lion Corporation; Kao Chemicals; GOJO Industries,
Inc.; Godrej Consumer Products; Bluemoon Bodycare; and 3M
Grand View Research has segmented the
global liquid soap market on the basis of product, application, distribution
channel, and region:
Liquid Soap Product Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Organic
·
Conventional
Liquid Soap Application Outlook (Revenue,
USD Billion, 2015 - 2025)
·
Household
·
Commercial
Liquid Soap Distribution Channel Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Supermarkets & Hypermarkets
·
Convenience Store
·
Online
·
Others
Liquid Soap Regional Outlook (Revenue, USD
Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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
