Soap And Other DetergentsMarket Opportunities 2024-2033: Size, Growth Analysis, Outlook, and Overview

 

Overview and Scope

Soap and other detergents are cleaning substances used for removing dirt from human skin, textiles, and other solid surfaces. Soap and detergents are chemical compounds that refer to surface-active agents in general. These products are made from animal fats or vegetable oil and are used to clean a solid surface. Surface-active agents are categorized into four groups: anionic detergents, cationic detergents, nonionic non-ionic detergents, and ampholytic.

Sizing and Forecast

The soap and other detergents market size has grown strongly in recent years. It will grow from $129.79 billion in 2023 to $142 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to health and hygiene awareness, economic development, marketing and branding strategies, environmental regulations and sustainable practices, population growth and urbanization.

The soap and other detergents market size is expected to see strong growth in the next few years. It will grow to $201.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to pandemic-driven hygiene focus, product innovation and customization, health and eco-conscious consumer trends, supply chain resilience, regulatory compliance and ingredient transparency. Major trends in the forecast period include smart packaging and technology integration, technological advancements in formulations, rising demand for eco-friendly and sustainable products, innovation in formulations and specialty products, customization and personalization of products.

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Segmentation & Regional Insights

The soap and other detergents market covered in this report is segmented –

1) By Product Type: Laundry Detergent, Soap, Dishwashing Detergent, Toothpaste, Other Product Types
2) By Application: Homecare Detergents, Industrial Soap and Detergent, Homecare Soaps, Other Applications
3) By End User: Body, Clothing, Other End Users

Asia-Pacific was the largest region in the soap and other detergents market in 2023. Western Europe was the second-largest region in the global soap and other detergents market. The regions covered in the soap and other detergents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increase in E-commerce growth is expected to propel the growth of the soap and other detergents market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet. E-commerce platforms offer a vast array of soap and detergent products from different brands, allowing consumers to explore various options, including specialty and niche products. For instance, in August 2023, according to United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the increasing growth of e-commerce is driving the growth of the soap and other detergents market.

Key Industry Players

Major companies operating in the soap and other detergents market report are US Chemical Corporation, FROSCH, Johnson and Johnson, The Procter & Gamble Company, Unilever plc, Henkel AG & Co KGaA, Colgate-Palmolive Company, Reckitt Benckiser Group plc, Ecolab Inc., Kao Corporation, Akzo Nobel Spg LLC, Amway Distributor, The Clorox Company, Church & Dwight Co. Inc, Lion Corporation, The Sun Products Corporation, Nice Group, Nafine Chemical Industry Group Co.Ltd., Zep Inc., The Original Bradford Soap Works Inc., Rose Raining lnc., Oralabs lnc., Den-Mat Holdings LLC, Ecover Limited, Piedmont Chemical Industries lnc., James Austin Company, Kutol Products Company, Sheffield Pharmaceuticals LLC, State Industrial Products Corporation, Betco Corporation, LIBY Group, Eko Supreme Resources Nigeria Limited, Doyin Group, McBride plc, Godrej Consumer Products Limited, Rohit Surfactants Private Limited (RSPL), Elephant Group

The soap and other detergents market report table of contents includes:

1. Executive Summary
2. Soap And Other Detergents Market Characteristics
3. Soap And Other Detergents Market Trends And Strategies
4. Soap And Other Detergents Market – Macro Economic Scenario
5. Global Soap And Other Detergents Market Size and Growth
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32. Global Soap And Other Detergents Market Competitive Benchmarking
33. Global Soap And Other Detergents Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Soap And Other Detergents Market
35. Soap And Other Detergents Market Future Outlook and Potential Analysis
36. Appendix

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