The latest research report by Emergen Research, named ‘Global Soap Market – Forecast to 2032 The report offers these individuals a vivid description of the competitive spectrum of the global Soap Market The study audits various winning strategies adopted by the market leaders to maintain the competitive edge worldwide. This adds more clarity to the research. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.
The global soap market size was USD 36.61 billion in 2021 and is expected to register a revenue CAGR of 5.8% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as growing awareness of health and wellness concerns among people. Consumers get exposed to various germs, such as viruses and bacteria knowingly and unknowingly in public places be it commercial or residential, owing to which consumers nowadays are becoming more conscious regarding maintaining cleanliness and proper sanitization at various places, such as homes, restaurants, and hotels, which is another factor driving market revenue growth.
Key participants include
Reckitt Benckiser Group PLC., Procter & Gamble, Himalaya Wellness, ITC Limited, Unilever, Godrej Consumer Products Limited, Colgate-Palmolive Company, Johnson & Johnson Services, Inc., Jyothy Laboratories Ltd., Cholayil Private Limited, and Dr. Woods Naturals.
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Drivers:
Several factors drive the growth of the Soap market. One primary driver is the increasing awareness of personal hygiene and cleanliness, fueled by public health campaigns, education initiatives, and consumer behavior shifts in response to global health crises such as the COVID-19 pandemic. Heightened concerns about hand hygiene and infection control have led to increased demand for hand soaps and sanitizers, driving sales and market growth. Additionally, innovations in soap formulations, packaging, and marketing strategies, such as eco-friendly and sustainable options, premium and specialty products, and personalized branding, contribute to market expansion and consumer engagement.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Soap Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Soap Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite its growth prospects, the Soap market faces certain restraints. One challenge is the competition from alternative cleansing products and delivery formats, such as body washes, shower gels, and cleansing wipes, which offer convenience, sensory appeal, and perceived benefits such as moisturization and fragrance variety. Moreover, concerns about the environmental impact of soap manufacturing, including water usage, energy consumption, and waste generation, raise sustainability considerations for soap brands and manufacturers seeking to minimize their carbon footprint and adopt eco-friendly practices.
Emergen Research has segmented the global soap market based on composition, product type, form, application, packaging, sales channel, and region:
- Composition Outlook (Revenue, USD Billion; 2019-2030)
- Organic/Herbal
- Conventional
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Bath & Body Soaps
- Kitchen Soaps
- Laundry Soaps
- Others
- Form Outlook (Revenue, USD Billion; 2019-2030)
- Bar
- Liquid
- Packaging Outlook (Revenue, USD Billion; 2019-2030)
- Pouch
- Bottle
- Tube
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Hotels & Restaurants
- Corporates/Offices
- Schools/Colleges/Universities
- Others
- Sales Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online Stores
- Direct Stores
- Hypermarkets/Supermarkets
- Specialty/Multi-brand Stores
- Convenience Stores
- Others
Regional Overview:
The global Soap Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Soap Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Global Soap Market Report – Table of Contents:
- Chapter 1 includes the global Soap Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Soap Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Soap Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Soap Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.