DUBLIN--(BUSINESS WIRE )--The "Liquid Soap Market By Type, By Product Type, By Distribution Channel, By Application, and By Region Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The liquid soap market size is expected to reach USD 29.79 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report.
The global liquid soap market is gaining momentum on the back of the rising popularity of organic and natural products among consumers. The health benefits associated with organic soaps are driving their demand in the market. In addition, the increasing awareness about personal hygiene is also fuelling the growth of the liquid soap market.
The rise in disposable incomes and changing lifestyles of people are also fuelling the demand for liquid soaps. The growing number of working women is also playing a key role in driving the growth of the market. In addition, the increasing awareness about personal hygiene is also expected to boost the growth of the market.
However, the high cost of organic and natural soaps is restraining the growth of the market. In addition, the availability of substitutes is also expected to challenge the growth of the market in the coming years.
Rising demand for chemical-free and natural products among consumers is expected to drive the growth of the liquid soap market. In addition, liquid soaps are convenient to use and are available in a variety of packaging options, which is expected to fuel the growth of the market. However, availability of substitutes is anticipated to hamper the growth of the liquid soap market during the forecast period.
Today, majority of people globally are using liquid soap instead of bar soap, due to its easy usage and better results. The trend of using liquid soap is also gaining popularity in commercial places such as restaurants, cafes, offices, and hotels, owing to the growing awareness about hygiene. The ongoing COVID-19 pandemic has led to a significant increase in the demand for liquid soap as people are now more conscious about cleanliness and hygiene.
For the purpose of this report, the publisher has segmented global liquid soap market based on type, product type, distribution channel type, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900