The global liquid hand soap market the size is estimated at 2.71 billion USD in 2020 and reach 5.34 billion USD in 2027, at a CAGR of 12.1% over the forecast period (2021-2027). Liquid soap is a cleaning agent formulated in various chemicals, scents, colors, etc. i.e. used in daily routine activities. Liquid hand soaps are hygienic and convenient to use in households as well as commercial industries. It can be dispensed from a soap dispenser or a bottle.
Factors affecting the Liquid Hand Soap Market over the forecast period:
Today, most people all over the world are inclined to use liquid hand soap rather than other bar soaps. The main reason for this change is the liquid soap’s ability to hold more than 30% of the skin’s moisture. Due to this factor, liquid soaps are also considered suitable for dry skin. Today, people are more aware of the importance of personal hygiene. This factor has influenced the major world population towards personal hygiene expenses.
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Rising demand for daily liquid hand soap owing to its soothing scents, antibacterial characteristics, and natural ingredients is among some of the other factors expected to boost the growth of the target market.
The increasing development and innovation of advanced liquid hand soap products will create lucrative opportunities for producers in the global market. However, the cost price of liquid soap is high compared to bar soap, which is expected to restrain the growth of the growing market.
The report outlines the study of the global Liquid Hand Soap market based on nature, distribution channel, and end-user.
On the basis of nature, the liquid hand soap market has been segmented into –
On the basis of distribution channel, the liquid hand soap market has been segmented into –
- On line
- Supermarkets & Hypermarket
- convenience stores
On the basis of end-user, the liquid hand soap market has been segmented into –
Liquid Hand Soap Market: Regional Outlook
The global liquid hand soap market is segmented by region into North America, Asia-Pacific, South America, Europe, Middle East & Africa. In 2020, North America is expected to account for the largest revenue market share and continue to maintain its position over the forecast period. Increased hygiene awareness among individuals, presence of key manufacturers and strict personal hygiene laws in the healthcare sector are expected to drive the growth of the global market in this region. Additionally, Asia-Pacific is expected to project the highest growth in CAGR in the coming years owing to the increase in commercial and household industries in the region.
Key Competitors in the Global Liquid Hand Soap Market include-
The global liquid hand soap market is highly fragmented, with a large number of small players across the globe. Key Liquid Hand Soap players operating in the global market include-
- Kao Chemicals
- Lion Corporation
- Bluemoon Body Care
- Godrej Consumer Products
- New Avon LLC
- Colgate-Palmolive Co.
- ITC Ltd.
- GlaxoSmithKline Plc
- Unilever Group
- Medline Industries Inc.
- Shanghai Jahwan Company
- Reckitt Benckiser PLC Group
- Beijing Lvsan
The Liquid Hand Soap market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.
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Liquid Hand Soap Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent analysis
- Competition landscape
- More than 15 company profiles
Regional Analysis of Liquid Hand Soap Market Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
Liquid Hand Soap Market: Target Audience
- Manufacturers of liquid hand soaps
- Manufacturers of surgical equipment and personal protective equipment
- Manufacturers, Distributors and Healthcare Providers
- Trade publications and magazines
- Government authorities, associations and organizations
Main issues addressed
- What is the market size as per various Liquid Hand Soap segmentation by region and its respective countries?
- What are the Customer Buying Behavior, Key Takeaways, and Porter’s 5 Liquid Hand Soap Market Forces?
- What are the key opportunities and trends for manufacturers involved in the liquid hand soap supply chain?
- What are the fundamental dynamics (drivers, restraints, opportunities and challenges) of the market?
- What and how regulations, programs, patents and policies are impacting the growth of the market?
- What are the upcoming technological solutions influencing the market trends? How will existing businesses adapt to the new technological change?
- How will advanced technology impact the liquid hand soap market?
- What impact has COVID-19 had on the demand and sales of Liquid Hand Soap in the global market? Also, the expected fall or rise in BPS takes into account the market and the expected market recovery period.
- Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market? Also, detailed business profiling of over 25 leading and market leading companies.