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Quadintel published a new report on the Liquid Hand Soap Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
The global liquid hand soap market size was US$ 2.9 billion in 2021. The global liquid hand soap market is forecast to grow to US$ 7.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.9% during the forecast period from 2022 to 2030.
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The growing prevalence of infectious diseases is forecast to drive the growth of the global liquid hand soap market. In addition, liquid hand soap is more preferred as it moisturizes the skin and declines the chances of bacteria spread. As a result, it will drive the growth of the global liquid hand soap market.
The rising demand for plant-based products will offer ample growth opportunities for the liquid hand soap market. In addition, a growing number of innovations, including herbal and foam-based soaps, will escalate the market growth.
In addition, the availability of a wide range of soothing fragrances is anticipated to surge the demand for liquid hand soaps. The growing urban population and rising awareness about frequent handwashing to prevent disease will propel the market forward.
Interactive commercials promoting the use of liquid hand soaps and the contribution of the e-commerce sector will benefit the market during the forecast period.
On the contrary, the high cost of liquid soap compared to regular soap bars may limit the growth of the global market.
The sudden wake of the COVID-19 pandemic surged the demand for liquid hand soaps. COVID-19 pandemic emerged as a global health emergency, which increased the demand for hand wash and other things. People began using handwashes even more in order to prevent themselves from the spread of this deadly virus. Thus, the global liquid hand soap market witnessed potential scope due to the pandemic. Furthermore, interactive commercials and doctor suggestions to use sanitizers and handwash frequently further surged the growth of the market.
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North America is forecast to dominate the global liquid hand soap market in terms of revenue. The growth of the market is attributed to the rising awareness related to hygiene. In addition, stringent laws related to personal hygiene in healthcare will propel the market forward.
Asia-Pacific liquid hand soap market is forecast to grow rapidly due to the presence of key manufacturers, such as Lion Corporation, Kao Chemicals, Godrej Consumer Products, and others in the region. Furthermore, the awareness related to healthy hygiene is increasing in the region. As a result, it will benefit the regional market during the study period.
Kao Chemicals Lion Corporation Bluemoon Bodycare Godrej Consumer Products New Avon Llc Colgate-Palmolive Co. ITC Ltd. GlaxoSmithKline Plc Unilever Group Medline Industries Inc. Chattem Shanghai Jahwan Corporation Reckitt Benckiser Group PLC Beijing Lvsan Henkel Other Prominent Players Market Segmentation
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The global liquid hand soap market segmentation focuses on Nature, Distribution channel, End-User, and Region.
Organic Conventional Natural Based on Distribution Channel
Online Supermarkets & Hypermarket Convenience Stores Others Based on End-User
Commercial Residential Based on Region
North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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