Friday, May 20 2022

Awareness of health and hygiene practices and rapid penetration of the adoption of products related to disinfection and cleanliness in the market

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, January 17, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research titled, “liquid soap market By Type, Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027,” the global liquid soap market size is expected to grow at a CAGR of 9.30% during the liquid soap market forecast period. In 2019, North America accounted for the largest share of approximately 35.20%, owing to increased consumer awareness of health and hygiene practices and rapid penetration of product adoption related to disinfection and cleanliness in the market. In addition, the increase in positive coronavirus cases has changed security trends in homes, offices and public places in this region. Additionally, emerging countries in Asia-Pacific such as China and India are expected to witness an increase in the demand for liquid soaps during the forecast period owing to improved living standards and increase in consumer disposable income.

Increase in demand:-
The growth in the value of liquid soap sales is attributable to the increase in demand for a variety of products that facilitate better results. The liquid soap industry is popular in the developed regions of the Americas and Europe, where manufacturers are developing collaborations with hotel chains so that they can offer products related to their own hotel brands.

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Liquid Soap Market Growth and Demand:-
Liquid soaps have seen a higher adoption rate in North America and Europe. However, low availability has been observed for these products in large parts of Asia-Pacific and LAMEA, which is attributable to underperforming macro-economic factors such as internet penetration and aggressive marketing strategies. manufacturers. Thus, lower penetration of these products limits the growth of the liquid soap market.

For the purpose of liquid soap market analysis, the market is segmented by product into hand wash, face wash, surface cleanser and others (beard wash, body wash and dish wash). The facial cleanser segment accounted for a larger share of around 36.76% of the overall market in 2019. This segment is further expected to capture a larger liquid soap market share in 2027, owing to the increase in demand for liquid soaps. This segment is expected to grow faster in developed economies and is expected to account for 36.63% of the overall market by 2027.

Segmentation Analysis:-

Based on type, the market is segregated into organic and conventional segments. The conventional segment is expected to account for 63.26% of the overall market revenue by 2027.

Based on application, the market is segregated into residential and commercial segment. The residential segment is expected to account for 63.3% of overall market revenue by 2027.

Based on distribution channel, the market is separated into hypermarket/supermarket, convenience store, specialty store and online sales channel. The hypermarket/supermarket segment is expected to account for 40.59% of the overall market revenue by 2027.

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Main results of the study

In 2019, North America was the most revenue-generating market, due to increased consumer awareness of health and hygiene practices and rapid market penetration.
Europe has become the second largest market, with the UK and France accounting for significant shares of the overall market, by value.
The facial cleanser segment has emerged as the largest segment, owing to the increase in demand for liquid soaps.
Asia-Pacific is expected to experience the fastest growth from 2019 to 2027, driven by improved living standards and rising consumer disposable income in developing economies like China and India

Major Players operating in the Liquid Soap Market include:-
Reckitt Benckiser Group plc.
Procter & Gamble
Unilever
3M
Lion Corporation
GOJO Industries Inc.
Kao Chemicals
Godrej Consumer Products
Bluemoon Body Care
NEW AVON LLC.

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FREQUENTLY ASKED QUESTIONS?
Q1. What will be the size of the liquid soap market from 2021 to 2027?
Q2. Who are the key companies in the Liquid Soap market?
Q3. How can I get a sample Liquid Soap market report?
Q4. What are the segments of the Liquid Soap market?
Q5. What is the CAGR of the Liquid Soap market?

Similar report :-
BB cream market https://www.alliedmarketresearch.com/bb-cream-market-A06774
camellia oil market https://www.alliedmarketresearch.com/camellia-oil-market-A06767

David Correa
Allied Analytics LLP
+1 800-792-5285
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