Soap And Detergent Market Size, Share & Trends Analysis Report By Product (Household Detergents, Household Soaps, Industrial Soaps & Detergents) By Form, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Soap And Detergent Market Size, Share & Trends Analysis Report By Product (Household Detergents, Household Soaps, Industrial Soaps & Detergents) By Form, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Soap And Detergent Market Growth & Trends

The global soap and detergent market is expected to reach USD 185.09 billion by 2030, expanding at a CAGR of 6.5% from 2024 to 2030, 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.

Soap And Detergent Market Report Highlights

• Household detergents dominated the market and accounted for a share of 50.1% in 2023 owing to rising usage of detergents in laundry and household cleaning products.
• The household soaps segment is anticipated to witness the fastest CAGR during the forecast period, owing to increasing population and rising consumer focus on hygiene and cleanliness.
• Liquid accounted for the largest market revenue share of 82.6% in 2023 owing to its convenience and effectiveness in removing dirt and stain.
• The bar segment is expected to grow rapidly during the forecast period. The growth can be attributed to rising demand for personal care products and easy accessibility of bar soaps.
• The supermarkets and hypermarkets segment dominated the market in 2023. Supermarkets and hypermarkets offer a wide range of products under one roof, providing convenience and saving time and efforts of consumers.
• The online segment is projected to grow at the fastest CAGR of 7.1% during the forecast period, owing to the growing trend of online shopping and availability of a wide variety of items.

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