Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,617.20 Million | USD 5.1 Billion | 11.5% | 2021 |
FrequentlyAsked Questions
Increased interest in cleanliness and sanitation, increased diseases brought on by germs and viruses, the simplicity of using liquid hand soaps, and the incorporation of vitamins and minerals in soaps all contribute to the market's expansion.
According to the report, the liquid hand soap market was worth USD 2,617.20 million in 2021 and is estimated to grow to USD 5,029.05 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.50% over the forecast period.
The Asia Pacific is one of the main geographical areas for selling liquid soap. In the next years, market development is anticipated to be driven by rising hygiene awareness, the existence of a sizeable number of significant rivals, and the release of novel products in the sector. Additionally, the industry for liquid hand soap will benefit from amazing sales channels for both commercial and residential usage as a result of the region's growing population.
Some of the main competitors dominating the liquid hand soap market include - Procter & Gamble, GOJO industries, Unilever, Henkel Corporation, 3M, Kao Corporation, Johnson & Johnson, AVON, Colgate – Palmolive and many others.
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