- Rise in awareness about huge number of benefits associated with healthy & hygienic lifestyle and ease in availability of low-cost products drive the growth of the global liquid soap market.
PORTLAND, Ore., May 11, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Liquid Soap Market by Type (Organic and Conventional), Product (Hand Wash, Face Wash, Surface Cleaner and Others), Application (Commercial and Residential), and Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores and Online Sales Channel): Global Opportunity Analysis and Industry Forecast 2021–2027." According to the report, the global liquid soap industry was estimated at $18.20 billion in 2019, and is expected to hit $38.19 billion by 2027, registering a CAGR of 9.3% from 2021 to 2027.
Drivers, restraints, and opportunities-
Rise in awareness about huge number of benefits associated with healthy & hygienic lifestyle, various initiatives by governments and hospitals toward maintenances of personal hygiene, and ease in availability of low-cost products drive the growth of the global liquid soap market. On the other hand, certain governments in various countries of Europe, the America's, and Asia-Pacific have put restrictions on use of chemical additives in liquid soaps, which restrains the market growth. However, rapid urbanization in developing economies and increase in use of luxurious premium organic liquid soaps across the globe are expected to create multiple opportunities in the future.
Request Sample Report at : https://www.alliedmarketresearch.com/request-sample/7206
The conventional segment to retain its dominance by 2027-
Based on type, the conventional segment contributed to more than two-thirds of the global liquid soap market share in 2019, and is expected to lead the trail by the end of 2027, due to growing preference for homemade and handcrafted shops and ease of manufacturing these product types at low cost. The organic segment, on the other hand, would grow at the fastest CAGR of 9.5% throughout the forecast period, due to rapid urbanization in developing economies and increased consumption of premium organic liquid soaps across the world.
The face wash segment to rule the roost-
Based on product type, the face wash segment accounted for more than one-third of the global liquid soap market share in 2019, and is expected to lead the trail by the end of 2027, due to growing preference for skin beauty product types to maintain healthy skin, increasing consumer affordability. At the same time, the hand wash segment would garner the fastest CAGR of 9.6% from 2021 to 2027, owing to increase in number of covid cases globally.
North America had the major share in 2019-
Based on region, North America held the major share in 2019, garnering more than one-third of the global liquid soap market. Rise in product innovation that reduces skin related concerns along with their hygiene-related functionalities drives the market growth in the region. Simultaneously, the market across Asia-Pacific would cite the fastest CAGR of 10.1% during the forecast period. This is due to rise in utilization of organic product types that contain anti-bacterial properties, soothing fragrances, and natural ingredients.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7206
Frontrunners in the industry-
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Cosmetics Market: Global Opportunity Analysis and Industry Forecast, 2021–2027
K-beauty Products Market: Global Opportunity Analysis and Industry Forecast, 2021–2027
Hair Conditioner Market: Global Opportunity Analysis and Industry Forecast, 2021-2027
Philippines Skin Care Products Market: Opportunity Analysis and Industry Forecast, 2021–2027
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Back | Next story: EQT Growth leads investment in Vinted, Europe's largest online C2C platform dedicated to second-hand fashion