Liquid Detergent Market Soars to USD 40.48 Billion by 2025 , New Study Reveals Size and Share Projections

Liquid detergent market growth is driven by rise in per capita income, increase rapid urbanization, improvement in living standard, and changes in consumer lifestyle. Moreover, surge in need for comfort in household chores and increase in penetration of washing machines & dishwashers boost the market growth. In addition, inclination of consumers toward eco-friendly & natural liquid detergents augments the market expansion.

According to the report, the global liquid detergent industry was estimated at $27.40 billion in 2017, and is anticipated to hit $40.48 billion by 2025, registering a CAGR of 5.2% from 2021 to 2025.

𝐃𝐨𝐧'𝐭 𝐦𝐢𝐬𝐬 𝐨𝐮𝐭 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/5199

Majority of the developed region, including, but not limited to, the U.S., UK, Australia, and Germany have witnessed decline in sales of powder detergents, owing to the fact that young generation has shifted its preference toward liquid detergents over bar/powder detergent, as they perceive liquid detergent to be more anti-bacterial and hygienic. Over half of the U.S. consumers believed that bar detergents contain harbor germ after use. As a result, leading manufacturers of liquid detergent have scaled up their production capabilities to cater the growing demands.

The laundry segment to retain the lion's share-

By application, the laundry segment garnered the highest share, generating nearly three-fourths of the global liquid detergent market. This is attributed to high penetration of washing machines in the developed countries. On the other hand, the dish-washing segment would cite the fastest CAGR of 6.1% throughout the forecast period, due to increase in penetration of dishwashers and introduction of liquid detergents with exotic fragrances.

North America to dominate by 2025-

By geography, North America generated the highest share in 2017, contributing to around two-fifths of the global liquid detergentmarket. This is owing to growing demand for washing machines and dishwashers in the region. Simultaneously, the Asia-Pacific region would cite the fastest CAGR of 8.5% during the forecast period. The other regions studied through the report include LAMEA and Europe.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 @ https://www.alliedmarketresearch.com/purchase-enquiry/5199

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐢𝐪𝐮𝐢𝐝 𝐃𝐞𝐭𝐞𝐫𝐠𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:
In terms of value, the organic liquid detergent segment is expected to grow at a high CAGR during the forecast period.
North America is expected to dominate the market, registering a significant CAGR of 3.1% in terms of value.
Asia-Pacific is projected to show exponential growth throughout the forecast period, growing at a CAGR 8.8%, in terms of value.
The hypermarket and supermarket segment is projected to dominate throughout the forecast period however, online sales channel is estimated to grow with the highest CAGR during the forecast period
China accounted for more than one-third of the total Asia-Pacific liquid detergent market size in 2017.

𝐊𝐞𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬-
Henkel Company KGaA
S. C. Johnson & Son, Inc.
Procter & Gamble
Godrej Consumer Products
Reckitt Benckiser Group plc.
The Clorox Company
Unilever Plc.
Amway Corporation
Colgate-Palmolive

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞- https://www.alliedmarketresearch.com/liquid-detergent-market

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
𝐂𝐫𝐢𝐜𝐤𝐞𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/cricket-equipment-market-A06355
𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/cosmetics-market

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