Liquid Soap Market To Reach $ 38.19 Billion Globally By 2027 At 9.3% CAGR: Allied Market Research


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PORTLAND, Oregon., May 11, 2021 / PRNewswire / – Allied Market Research published a report titled “Liquid soap market by type (organic and conventional), product (hand wash, face wash, surface cleanser and others), application (commercial and residential) and distribution channel (specialty stores, supermarkets / hypermarkets, convenience stores and online sales channel ): Global Opportunity Industry Analysis and Forecast 2021-2027“According to the report, the global liquid soap industry has been estimated at $ 18.20 billion in 2019, and is expected to reach $ 38.19 billion by 2027, registering a CAGR of 9.3% from 2021 to 2027.

Drivers, constraints and opportunities-

Awareness of the large number of benefits associated with a healthy and hygienic lifestyle, the various initiatives of governments and hospitals for the maintenance of personal hygiene, and the ease of availability of low-cost products are driving the growth of the market world of liquid soap. On the other hand, some governments in various countries of Europe, America, and Asia Pacific have placed restrictions on the use of chemical additives in liquid soaps, which is slowing the growth of the market. However, the rapid urbanization in developing economies and the increasing use of high-end luxury organic liquid soaps around the world are expected to create multiple opportunities in the future.

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Covid-19 scenario-

  • The pandemic epidemic has resulted in increased demand for liquid hand soap for homes, offices and other public places, thus boosting the global liquid soap market.
  • This drift is expected to persist, as the increase in communicable diseases has increased the demand for hand hygiene products.

The conventional segment will retain its dominance by 2027-

On a type basis, the conventional segment contributed more than two-thirds of the global liquid soap market share in 2019 and is expected to lead the track by the end of 2027, owing to the growing preference for made-to-order stores. home and handcrafted and ease of manufacture. these types of low cost products. The organic segment, on the other hand, is expected to grow at the fastest CAGR of 9.5% throughout the forecast period, due to rapid urbanization in developing economies and increased consumption of quality organic liquid soaps. superior across the world.

The facial wash segment to rule the perch-

On the basis of product type, the facial cleansers segment accounted for over a third of the global liquid soap market share in 2019 and is expected to lead the trail by the end of 2027, due to the preference increasing for the types of beauty products for the skin to maintain. healthy skin, increasing accessibility to consumers. At the same time, the handwashing segment is reported to register the fastest CAGR of 9.6% from 2021 to 2027, due to the increase in the number of covid cases globally.

North America had the largest share in 2019-

Based on region, North America held the largest share in 2019, capturing more than a third of the global liquid soap market. The rise of product innovation that reduces skin problems as well as their hygiene-related functionality is driving market growth in the region. Simultaneously, the market through Asia Pacific would quote the fastest CAGR of 10.1% during the forecast period. This is due to the increase in the use of types of organic products that contain antibacterial properties, soothing scents, and natural ingredients.

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Frontrunners in the industry-

  • Procter & Gamble
  • Bluemoon body care
  • Unilever
  • Reckitt Benckiser Group plc.
  • Lion corporation
  • GOJO Industries Inc.
  • Kao chemicals
  • Godrej consumer products
  • 3M
  • NEW AVON LLC

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business advisory arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advisory services to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Energy, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.

We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy of our market forecasts. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of large companies in the field concerned. Our secondary data acquisition methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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