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.
What are Liquid Soap?
Liquid soap refers to the combination of water, oils, fats, and surfactants used to break down dirt on any surface. It contains added moisturizers to prevent the skin from getting dry and is considered suitable for people with sensitive skin. It is easy to use and lather and rinse off as compared to bar soap. It also offers more convenience and hygiene, as it is packaged in a pump or squeeze bottle for easy dispensing. It is widely used for a variety of purposes, such as body washing and cleaning household surfaces. At present, it is widely available in organic and conventional variants through supermarkets, hypermarkets, convenience stores, specialty stores, and online stores across the globe.
What are the growth prospects and trends in the liquid soap industry?
At present, the growing awareness about hygiene and cleanliness in homes, offices, and public places represents one of the primary factors positively influencing the market across the globe.
In addition, rapid urbanization, inflating disposable incomes, and shifting consumer preferences toward natural ingredients in soaps are offering lucrative growth opportunities to key market players for expanding their portfolios.
Additionally, the easy availability of liquid soap in a wide variety of formulations, fragrances, and packaging options, makes it appealing to a broad range of consumers, which is stimulating the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
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Organic
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Conventional
Breakup by Product Type:
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Bath and Body Soaps
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Dish Wash Soap
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Laundry Soaps
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Others
Breakup by Distribution Channel:
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Supermarkets and Hypermarkets
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Convenience Stores
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Specialty Stores
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Online Stores
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Others
Breakup by Application:
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Households
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Commercial
Breakup by Region:
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North America: (United States, Canada)
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Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
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Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
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Latin America: (Brazil, Mexico, Others)
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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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