Press release
Antibacterial Soap Market 2026 Trends: Expected to Grow at a CAGR of 6.3% from 2021 to 2030, Claims AMR
Increase in burden of infectious diseases, rise in health-conscious people, and growth in awareness regarding health benefits of using antibacterial soaps drive the growth of the global antibacterial soap market. Moreover, surge in investments in R&D to promote adoption of the herbal and organic ingredients in the antibacterial soaps present new opportunities in the upcoming years.
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The report offers detailed segmentation of the global antibacterial soap market based on form, application, distribution channel, and region.
Based on form, the liquid segment held the highest market share in 2020, holding more than three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the powder segment is estimated to register the highest CAGR of 6.7% from 2021 to 2030.
Based on application, the hand wash segment held the largest market share in 2020, holding 82% of the total market share, and is expected to continue its leadership status during the forecast period. However, the body wash segment is projected to register the highest CAGR of 7.1% from 2021 to 2030.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 7.4% during the forecast period.
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The key players profiled in this report include 3M, Amway Corporation, Godrej Consumer Products Limited, GOJO Industries, Inc., Henkel AG & Co. KGaA, ITC Ltd., Reckitt-Benckiser Group PLC. , The Procter & Gamble Company, Unilever Plc., and Vi-Jon.
Key findings of the study
The global antibacterial soap market was valued at $3,733.9 million in 2020, and is estimated to reach $6,924.9 million by 2030, registering a CAGR of 6.3% from 2021 to 2030.
By form, the liquid segment was the highest contributor to the market, with $2,282.2 million in 2020, and is estimated to reach $4,244.9 million by 2030, at a CAGR of 6.4% during the forecast period.
By application, the hand wash segment was the highest contributor to the market, with $3,076.5 million in 2020, and is estimated to reach $5,611.5 million by 2030, at a CAGR of 6.1% during the forecast period.
By distribution channel, the supermarket and hypermarket segment was the highest contributor to the market, with $1,720.6 million in 2020, and is estimated to reach $3,120.9 million by 2030, at a CAGR of 6.1% during the forecast period.
By region, North America was the highest revenue contributor, accounting for $1,287.8 million in 2020, and is estimated to reach $ 2,261.7 million by 2030, with a CAGR of 5.7%.
Know More- https://www.alliedmarketresearch.com/antibacterial-soap-market-A16014
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
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