Market Overview:
According to Fortune Business Insights Global Liquid Soap Market size was valued at USD 23.89 billion in 2024. The market is projected to grow from USD 25.45 billion in 2025 to USD 41.08 billion by 2032, exhibiting a CAGR of 7.08% during the forecast period.
List of Key Players Mentioned in the Report:
- Procter & Gamble (U.S.)
- Henkel AG & Co. KGaA (Germany)
- Colgate-Palmolive Company (U.S.)
- Unilever (U.K.)
- Reckitt Benckiser Group plc (U.K.)
- Kimberly-Clark Worldwide, Inc. (U.S.)
- The 3M Company (U.S.)
- Lion Corporation (Japan)
- Kao Corporation (Japan)
- Johnson & Johnson Services, Inc. (U.S.)
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Segments:
Bath & Body Soap Segment to Dominate the Market Owing to Awareness Regarding Personal Hygiene
On the basis of product, the market is fragmented into dish wash soaps, bath & body soaps, laundry soaps, and others. The bath & body soap segment is set to dominate the market, exhibiting an appreciable upsurge over the estimated period. The surge is propelled by an increase in personal hygiene awareness across various regions.
Household Segment to Depict Substantial Surge Impelled by Extensive Usage
On the basis of application, the market is bifurcated into commercial and household. The commercial segment is poised to expand at a lucrative pace over the study period. The expansion is impelled by the increased product deployment for bathing and handwashing purposes.
Hypermarkets/Supermarkets Segment to Lead Owing to Convenience in Bulk Purchasing
Based on distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, online sales channel, and others. The supermarkets/hypermarkets segment is slated to expand at a notable rate over the forecast period. The growth is propelled by the easy availability of the product at these locations.
Based on geography, the market for liquid soap has been studied across Asia Pacific, North America, Europe, South America, and the Middle East & Africa.
Report Coverage:
The report offers a comprehensive analysis of the vital trends driving the global business landscape over the forthcoming years. Additional aspects of the report comprise an overview of the vital steps undertaken by leading industry participants for strengthening the positions of their businesses. Besides, the report also highlights significant strategies adopted by major companies for expanding their geographical footprints.
Drivers and Restraints:
Industry Value to Rise Due to Growing Consciousness Regarding Health and Hygiene
The liquid soap market growth is being impelled by increasing consciousness among global population regarding sanitation and the maintenance of hygiene. The industry expansion is further impelled by the increasing adoption of cleaning products for preventing infectious diseases.
However, the presence of toxic ingredients such as triclosan and paraben may hamper industry expansion to a considerable extent.
Regional Insights:
Asia Pacific to Emerge as Leading Region Impelled by Soaring Sensitivity toward Cleanliness
The Asia Pacific liquid soap market share is estimated to depict considerable expansion over the forecast period. The rise is driven by soaring income level of households and the presence of highly populous countries in the region.
The North America market is poised to expand at a substantial CAGR over the analysis period. The growth is impelled by extensive availability and consumption of the product in the region.
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Competitive Landscape:
Major Players Strike Collaborative Deals to Strengthen Industry Foothold
Leading companies are focused on adopting a range of strategies for reinforcing the positions of their businesses. These comprise merger agreements, partnerships, acquisitions, and the launch of new solutions. Besides, some companies are participating in trade conferences to exhibit their products and enhance their business prospects.
Key Industry Development:
- March 2023: Unilever introduced the first dishwashing detergent in Indonesia under the brand Lifebuoy. The launch would help in meeting consumer demand for quality cleaning products at affordable prices.
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