12/29/2023 0 Comments Gain soap![]() Request a Free sample to learn more about this report. Therefore, increasing utility of liquid category products is shifting the consumer preference and is expected to boost the soap market growth. Furthermore, an increasing number of tours & travels have increased the demand for travel size bottles of bathing surfactant and liquid washing products and easy to carry soap paper strips, which are more convenient compared to solid bars. Additionally, a small amount of liquid is enough to generate foam, and therefore, they can last longer. Moreover, consumers feel that liquids are more hygienic when used by multiple users and also easier to store. The innovation of bathing surfactant and liquid washing products has helped in fostering the product demand across the globe as most of the solid bars become slimy in water, which is not the case with liquids. Increasing Inclination toward the Use of Liquid Soaps to Propel Market Expansion In addition, the rise in demand for organic and herbal soap amongst consumers has further driven the market growth. Furthermore, health regulatory authorities have proposed frequent hand washing to diminish the risk of getting infected by COVID-19. The COVID-19 outbreak and the emergence of lethal flu types such as H1N1 are creating huge demand for such disinfecting products to maintain hygiene and prevent the spread of infections, which is a major factor fueling the market growth. ![]() Rise in Awareness Toward Personal Hygiene Products during COVID-19 Pandemic to Fuel Market Growth On the other hand, dishwashing and laundry soaps, which have ingredients such as lemon, have a greater utility in cleaning utensils and garments and are therefore more in demand. The global soap market size was valued at USD 43.31 billion in 2022 and is projected to grow from USD 45.58 billion in 2023 to USD 67.18 billion by 2030, exhibiting a CAGR of 5.70% during the forecast period.īathing bars with attractive colors and fragrances, which are claimed to have moisturizing, skin whitening, and anti-aging effects are gaining more popularity from end-users.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |