Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Antibacterial Soap Market size is expected to reach $6.1 billion by 2028, rising at a market growth of 6.6% CAGR during the forecast period.
The Body wash Segment is showcasing a CAGR of 9.1% during (2022 - 2028). Several product manufacturers are releasing new fragrance-enhanced variants, which should help the market flourish. Additionally, the segment's expansion is likely to be aided by rising living standards, increased health expenditures, and increased awareness of personal cleanliness.
The Liquid Segment acquired maximum revenue share is leading the Global Antibacterial Soap Market by Form in 2021; thereby, achieving a market value of $3.74 billion by 2028. The market is growing as consumers' preferences for liquid soaps expand as a result of their simplicity of use and convenience. Antibacterial soap market growth is likely to be fueled by increased demand from the healthcare sector in the future.
The Online Sales Segment has shown growth rate of CAGR of 7.7% during (2022 - 2028). This is due to increased smartphone usage, rising internet penetration, more customer engagement of e-commerce platforms, and the convenience of purchasing from home. Online platforms are boosting segment growth by providing high levels of convenience, better product visibility, and at-home delivery services.
The North America Segment generating highest revenue share the Global Antibacterial Soap Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.07 billion by 2028. The Asia Pacific market is poised to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The Europe market would display a CAGR of 6.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reckitt Benckiser Group PLC, 3M Company, Unilever PLC, Godrej Group (Godrej Consumer Products Limited), Henkel AG & Company, KGaA, Johnson & Johnson (Johnson & Johnson Services, Inc.), The Procter and Gamble Company, Amway Corporation, and Vi-Jon, Inc.
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