The introduction of new innovative products is a key factor leading to the growth of the soap and other detergents industry. Manufacturers continue to focus on developing innovative products to meet the unmet needs of their customers. Companies are launching anti-allergy soaps and natural ingredients with widely adopted detergents. For example, in 2019, Unilever, an Anglo-Dutch consumer goods company, launched a new liquid detergent under the Hindustan Unilever (HUL) brand, “Love Home and Planet”, which is the fifth brand of fabric wash in HUL, thus stimulates demand. for the world market of soaps and other detergents.
The global soap and other detergents market size is expected to grow from USD 105.6 billion in 2021 to USD 116.36 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global soap and other detergents market size is expected to reach USD 167.35 billion in 2026 with a CAGR of 9.5%.
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Asia-Pacific was the largest region in the soap and other detergents market in 2021. Western Europe was the second largest region in the global soap and other detergents market. Regions covered in the Global Soap and Other Detergents Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The major players in the soap and other detergents markets are Procter & Gamble, Ecolab Inc, Unilever plc, Henkel AG & Co KGaA, Colgate-Palmolive Company, Dial, Reckitt Benckiser Group plc, The Clorox Company and Lion Corp.
The Global Organic Food Market is Segmented –
1) By type of product:
Other types of products
2) Per application:
industrial soap and detergent
Home care soaps
3) By the end user:
Other end users
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Content of the Soap and Other Detergents Market report includes
2. Soap and Other Detergents Market Features
3. Soap and Other Detergents Market Trends and Strategies
4. Impact of COVID-19 on the model
5. Soap and Other Detergents Market Size and Growth
28. Key mergers and acquisitions in the soap and other detergents market
29. Soap and Other Detergents Market Future Outlook and Potential Analysis
This report covers soap and other detergents market trends and dynamics in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The report also includes consumer surveys and various future opportunities for the market.
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