Soap and Detergent Market Size, Share & Trends Analysis Report By Product (Household Detergents, Industrial Soaps & Detergents, Household Soaps), Competitive Landscape, And Segment Forecasts, 2018 - 2025
The global soap and detergent market is expected to reach USD 207.56 billion by 2025, according to a new report by Grand View Research, Inc. The rising disposable income and rapid urbanization in developing countries are expected to increase the demand for soaps and detergents. The rising healthcare awareness coupled with government regulations to maintain hygiene and cleanliness in food processing, product manufacturing, and hotel is expected to drive the market growth.
Launch of innovative new product is another major factor contributing toward market growth. The demand for highly efficient and anti-allergic cleaning products is growing rapidly. The manufacturers are continuously focusing on innovative product development to cater the unmet needs of their customers. For instance, anti-allergy soaps and natural ingredients containing detergents are heavily adopted by consumers with delicate skin.
Further Key Findings From the Report Suggest:
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