Liquid Soap Market Share 2022-2027: Size, Trends, Growth, Analysis and Forecast

According to the latest report by IMARC Group, titled "Global Liquid Soap Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global liquid soap market reached a value of US$ 18.27 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.03 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027.

Liquid soap is a cleansing agent made from the salts of vegetable or animal fats. It is effective against bacteria and viruses and has a lower pH level and added moisturizers to prevent hands from getting dry. It is more convenient to use and prevent the exchange of germs between users as compared to bar soaps. As a result, liquid soaps are widely used in residential and commercial buildings such as restaurants, hotels, malls, offices, and cinema halls.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Liquid Soap Market Trends and Drivers:

The market is primarily driven by the growing concerns about hygiene and cleanliness among the masses. In addition, the recent outbreak of coronavirus disease (COVID-19) pandemic has led to the increasing utilization of liquid soaps for maintaining hygiene requirements, which represents another major growth-inducing factor.

Besides this, key players are developing organic variants that do not contain gluten, dyes, perfumes, allergens, animal by-products, and harsh chemicals, such as chlorine, phosphates, and petrochemicals. This, coupled with the introduction of touch-free hand hygiene dispensers, which help maintain sanitation and sterility in hospitals and healthcare facilities, is positively influencing the market growth.

Moreover, governing agencies of numerous countries are undertaking various initiatives to spread awareness regarding hand hygiene, which is also creating a favorable market outlook across the globe.

Global Liquid Soap Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

3M Company, Cleenol Group Ltd., Colgate-Palmolive Company, Godrej Consumer Products Limited, GOJO Industries Inc., Henkel AG & Co. KGaA, Kao Corporation, Lion Corporation, Medline Industries LP, Procter & Gamble Company, Reckitt Benckiser Group PLC and Unilever PLC.

The report has segmented the market on the basis of region, type, product type, distribution channel and application.

Breakup by Type:
• Organic
• Conventional

Breakup by Product Type:
• Bath and Body Soaps
• Dish Wash Soap
• Laundry Soaps
• Others

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Application:
• Households
• Commercial

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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