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.
This report on Soap market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2020 to 2030. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
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The report studies the impact of the COVID-19 pandemic on the Soap market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
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The report further divides the Soap market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Soap market.
Key companies profiled in the report 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.
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 Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Soap market?
What are the key product types and applications of the Soap industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Soap market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Soap Market by 2027?
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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