The
global soap and detergent market is expected to reach USD
207.56 billion by 2025, 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.
Browse full
research report on Soap And Detergent Market: www.grandviewresearch.com/industry-analysis/soap-detergent-market
Further
Key Findings From the Study Suggest:
- Household detergents segment was the largest
revenue generating segment of the market in 2016 due to escalating
penetration of washing machines in the emerging economies
- Household soaps is estimated to grow at the
highest growth rate during the study period owing to rising population and
escalating disposable income in developing regions
- North America dominated the market in 2016
majorly due to the existence of well-developed economy and large textile
industry in this region
- The Asia Pacific market is estimated to grow at
the highest rate during the forecast period. Rising number population and
developing economies including India, China, and Indonesia, are major
factors contributing to growth in this region
- Some of the major players are Colgate-Palmolive
Company; Unilever; Church & Dwight Co.; Ecolab Inc.; Procter &
Gamble; Henkel AG & Co. KGaA; Lion Corp.; The Clorox Company; Reckitt
Benckiser Group PLC
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the global soap and detergent market on
the basis of product and region:
Soap &
Detergent Product Outlook (Revenue, USD Billion; 2014 - 2025)
- Household
detergents
- Industrial
soaps & detergents
- Household
soaps
- Others
Soap &
Detergent Soap & Detergent Regional Outlook (Revenue, USD Billion; 2014 -
2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- Japan
- China
- India
- RoW
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-soap-detergent-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment