Press release
Liquid Hand Soap Market to reach USD 5.34 billion in 2027
The global liquid hand soap market size is estimated to be USD 2.71 billion in 2020 and reach USD 5.34 billion in 2027, at a CAGR of 12.1% over the forecast period (2021-2027). Liquid soap is a cleaning agent formulated in various chemicals, scents, colors, etc., i.e., utilized in daily routine activities. Liquid hand soaps are hygienic and convenient to use in the household as well as in commercial industries. It can be dispensed from a soap dispenser or bottle.
Factors affecting the Liquid hand soap Market over the forecast period:
Most people today from around the globe are inclined to utilize liquid hand soap rather than other soap bars. The main reason behind this shift is the ability of liquid soap to maintain over 30% of skin moisture. Due to this factor, liquid soaps are considered suitable for dry skin as well. Today people are more aware of the significance of personal hygiene. This factor has influenced the major world population toward spending on personal hygiene.
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Increasing demand for liquid hand soap in daily routine due to its soothing fragrances, anti-bacterial characteristics, and natural ingredients is among a few of the other factors anticipated to boost the growth of the target market.
The rising development and innovation of advanced liquid hand soap products will create lucrative opportunities for producers in the global market. However, the cost price of liquid soap is high compared to bar soap, which is anticipated to restrain the growth of the growth market.
Scope of the Report
The report outlines the global liquid hand soap market study based on nature, distribution channel, and end-user.
Based on the nature, the liquid hand soap market has been segmented into –
Organic
Conventional
Natural
Based on the distribution channel, the liquid hand soap market has been segmented into –
Online
Supermarkets & Hypermarket
Convenience Stores
Others
Based on the end-user, the liquid hand soap market has been segmented into –
Commercial
Residential
Liquid Hand Soap Market: Regional Outlook
The global liquid hand soap market is regionally segmented into North America, Asia Pacific, South America, Europe, Middle East, and Africa. In 2020, North America is anticipated to account for the largest market share in revenue and continue to maintain its position over the forecast period. Increasing awareness regarding hygiene among individuals, the presence of key manufacturers, and stringent laws about personal hygiene in the healthcare sector are anticipated to boost the growth of the global market in this region. Moreover, Asia Pacific is anticipated to project the highest CAGR growth in the upcoming years due to the region's increasing commercial and household industries.
Key Global Liquid Hand Soap Market Competitors Includes –
The global liquid hand soap market is highly fragmented, with a large number of small players across the globe. The key liquid hand soap players operating in the global market include –
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Kao Chemicals
Lion Corporation
Bluemoon Bodycare
Godrej Consumer Products
New Avon Llc
Colgate-Palmolive Co.
ITC Ltd.
GlaxoSmithKline Plc
Unilever Group
Medline Industries Inc.
Chattem
Shanghai Jahwan Corporation
Reckitt Benckiser Group PLC
Beijing Lvsan
Henkel.
The liquid hand soap market report thoroughly analyzes macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
Liquid Hand Soap Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles
Liquid Hand Soap Market Regional Analysis Includes:
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
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Liquid Hand Soap Market: Target Audience
Liquid hand soap manufacturers
Surgical equipment and personal protective equipment manufacturers
Healthcare manufacturers, distributors, and suppliers
Trade publications and magazines
Government authorities, associations, and organizations
Key Issues Addressed
What is the market size by various segmentation of the liquid hand soap by region and its respective countries?
What are the customer buying behavior, key takeaways, and Porter's 5 liquid hand soap market forces?
What are the key opportunities and trends for manufacturers involved in the liquid hand soap supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how regulations, schemes, patents, and policies are impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
What will be the impact of cutting-edge technology on the liquid hand soap market?
How has COVID-19 impacted the demand and sales of liquid hand soap in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
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