NEW YORK, Sept. 13, 2023 /PRNewswire/ — The liquid hand soap market size is expected to grow by USD 1.98 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of over 7.98% during the forecast period. The market share growth by the synthetic segment will be significant during the forecast period. Consumers prefer synthetic liquid hand soap due to it effectively kills bacteria and other microbes. It includes synthetic chemical agents such as sodium lauryl sulfate. However, the side effects of synthetic liquid hand soaps can interfere with the absorption of liquid hand soap. Increasing hygiene concerns among the population have driven global demand for synthetic liquid hand soaps. Market players are rapidly investing in sourcing raw materials locally to reduce production costs and thus lower product prices. This trend is expected to drive the growth of the synthetic segment of the market during the forecast period. Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
The market is segmented by type (Synthetic and Organic), distribution channel (Offline and Online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
To know additional highlights and key points on various market segments and their impact in coming years, View PDF Sample Report.
Geographical Market Analysis
APAC is projected to account for 61% of the global market. Consumers have taken various precautions to protect themselves against illnesses like COVID-19, which, in turn, helps increase the use of liquid hand soap as it reduces the spread of germs. Thus, the use of liquid hand soap for preventive purposes will drive the growth of the regional market in the future. New innovative products are launched to meet the growing needs of consumers. Market players are also focusing on plant-based and eco-friendly products due to the increasing consumer demand. New product launches and increased use of preventive hand soaps will drive market growth in the APAC region during the forecast period.
Company Insights
The liquid hand soap market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
Amway Corp., Cleenol Group Ltd., Colgate Palmolive Co., GOJO Industries Inc., Henkel AG & Co. KGaA, Himalaya Global Holdings Ltd., ITC Ltd., Longrich Bioscience Co. Ltd., Kao Corp., Lion Corp., Pental Ltd., Premier English Manufacturing Ltd., Reckitt Benckiser Group PLC, The Avon Co., Unilever PLC, Vi Jon Inc., Godrej Consumer Products Ltd., Medline Industries LP, 3M Co., and Shri Sahib Enterprises LLP
View PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The Bar Soap Market is estimated to grow at a CAGR of 4.31% between 2022 and 2027. The market size is forecast to increase by USD 8,330.14 million. Furthermore, this bar soap market report extensively covers market segmentation by material (synthetic and natural), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). One of the key factors driving the bar soap market growth is the growing hygiene awareness.
The foam-based beauty and personal care products market share is expected to increase to USD 2.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.3%. Furthermore, this report extensively covers foam-based beauty and personal care products market segmentation by distribution channel (offline and online), product (skincare, haircare, male grooming, bath, baby and child care, and other), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The innovation and portfolio extension leading to product premiumization is notably driving the foam-based beauty and personal care products market growth during the forecast period.
Liquid Hand Soap Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.98%
Market growth 2023-2027
USD 1.98 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
7.1
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 61%
Key countries
US, China, India, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Amway Corp., Cleenol Group Ltd., Colgate Palmolive Co., GOJO Industries Inc., Henkel AG and Co. KGaA, Himalaya Global Holdings Ltd., ITC Ltd., Longrich Bio Science Co. Ltd., Kao Corp., Lion Corp., Pental Ltd., Premier English Manufacturing Ltd., Reckitt Benckiser Group PLC, The Avon Co., Unilever PLC, Vi Jon Inc., Godrej Consumer Products Ltd., Medline Industries LP, 3M Co., and Shri Sahib Enterprises LLP
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/liquid-hand-soap-market-to-grow-by-usd-1-98-billion-from-2022-to-2027–the-market-share-growth-by-the-synthetic-segment-will-be-significant-during-the-forecast-period—technavio-301926722.html
SOURCE Technavio
NEW YORK, Sept. 13, 2023 /PRNewswire/ — The liquid hand soap market size is expected to grow by USD 1.98 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of over 7.98% during the forecast period. The market share growth by the synthetic segment will be significant during the forecast period. Consumers prefer synthetic liquid hand soap due to it effectively kills bacteria and other microbes. It includes synthetic chemical agents such as sodium lauryl sulfate. However, the side effects of synthetic liquid hand soaps can interfere with the absorption of liquid hand soap. Increasing hygiene concerns among the population have driven global demand for synthetic liquid hand soaps. Market players are rapidly investing in sourcing raw materials locally to reduce production costs and thus lower product prices. This trend is expected to drive the growth of the synthetic segment of the market during the forecast period. Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
The market is segmented by type (Synthetic and Organic), distribution channel (Offline and Online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
To know additional highlights and key points on various market segments and their impact in coming years, View PDF Sample Report.
Geographical Market Analysis
APAC is projected to account for 61% of the global market. Consumers have taken various precautions to protect themselves against illnesses like COVID-19, which, in turn, helps increase the use of liquid hand soap as it reduces the spread of germs. Thus, the use of liquid hand soap for preventive purposes will drive the growth of the regional market in the future. New innovative products are launched to meet the growing needs of consumers. Market players are also focusing on plant-based and eco-friendly products due to the increasing consumer demand. New product launches and increased use of preventive hand soaps will drive market growth in the APAC region during the forecast period.
Company Insights
The liquid hand soap market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
Amway Corp., Cleenol Group Ltd., Colgate Palmolive Co., GOJO Industries Inc., Henkel AG & Co. KGaA, Himalaya Global Holdings Ltd., ITC Ltd., Longrich Bioscience Co. Ltd., Kao Corp., Lion Corp., Pental Ltd., Premier English Manufacturing Ltd., Reckitt Benckiser Group PLC, The Avon Co., Unilever PLC, Vi Jon Inc., Godrej Consumer Products Ltd., Medline Industries LP, 3M Co., and Shri Sahib Enterprises LLP
View PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The Bar Soap Market is estimated to grow at a CAGR of 4.31% between 2022 and 2027. The market size is forecast to increase by USD 8,330.14 million. Furthermore, this bar soap market report extensively covers market segmentation by material (synthetic and natural), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). One of the key factors driving the bar soap market growth is the growing hygiene awareness.
The foam-based beauty and personal care products market share is expected to increase to USD 2.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.3%. Furthermore, this report extensively covers foam-based beauty and personal care products market segmentation by distribution channel (offline and online), product (skincare, haircare, male grooming, bath, baby and child care, and other), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The innovation and portfolio extension leading to product premiumization is notably driving the foam-based beauty and personal care products market growth during the forecast period.
Liquid Hand Soap Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.98%
Market growth 2023-2027
USD 1.98 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
7.1
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 61%
Key countries
US, China, India, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Amway Corp., Cleenol Group Ltd., Colgate Palmolive Co., GOJO Industries Inc., Henkel AG and Co. KGaA, Himalaya Global Holdings Ltd., ITC Ltd., Longrich Bio Science Co. Ltd., Kao Corp., Lion Corp., Pental Ltd., Premier English Manufacturing Ltd., Reckitt Benckiser Group PLC, The Avon Co., Unilever PLC, Vi Jon Inc., Godrej Consumer Products Ltd., Medline Industries LP, 3M Co., and Shri Sahib Enterprises LLP
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/liquid-hand-soap-market-to-grow-by-usd-1-98-billion-from-2022-to-2027–the-market-share-growth-by-the-synthetic-segment-will-be-significant-during-the-forecast-period—technavio-301926722.html
SOURCE Technavio
