Rising demand for new and innovative products is a key factor driving market revenue growth
Market Size – USD 18.67 Billion in 2020, Market Growth – at a CAGR of 5.8%, Market Trends – Rapid urbanization in emerging economies
The liquid soap market size is expected to reach USD 29.79 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Rising demand for liquid soap from household and commercial sectors is a key factor driving market revenue growth. Liquid soap is a cleansing agent made out of various colors, chemicals, and fragrances that is used in daily activities such as bathing, cleaning, washing, and much more. Liquid soaps are hygienic and easy to carry in commercial and residential areas. Consumers are looking for liquid soap products that soften, detoxify body, reduce acne, and provide pimple-free skin. Furthermore, due to low pH level, it is suitable for various skin types, including normal skin, dry skin, and sensitive skin.
Consumer awareness about sanitation is likely to drive demand for liquid soap in the near future. Spread of COVID-19 as well as other infectious diseases has led to an increase in demand for liquid soaps in various places such as restaurants, shopping malls, hospitals, and workplaces.
Companies in the market report include Reckitt Benckiser Group PLC., Procter & Gamble, Unilever, 3M, Lion Corporation, GOJO Industries, Inc., Kao Corporation, Godrej Consumer Products, Blue Moon Body Care, and New Avon, LLC.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented global liquid soap market based on type, product type, distribution channel type, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
Key Advantages of Liquid Soap Report:
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