Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Household Cleaners Market size is expected to reach $46.8 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Natural segment is showcasing a CAGR of 9% during (2022 - 2028). Due to the growing importance and awareness of sustainability and eco-friendly hygiene products among consumers are projected to propel the natural-based components segment forward in the approaching years. Furthermore, these treatments contain natural ingredients like vinegar, organic salt, essential oils, and bicarbonate of soda, which prevent harmful chemicals from combining in the open air. Furthermore, these goods are thought to be skin-friendly, leading to a surge in their use in a variety of applications.
The Offline segment acquired maximum revenue share in the Global Household Cleaners Market by Distribution Channel in 2021, thereby, achieving a market value of $36.2 billion by 2028. Specialty shops, hypermarkets, supermarkets, and independent retail stores all fall within the offline category. In the future years, the growing organized retail sector in emerging nations is expected to drive demand for domestic cleaning goods. Offline shopping is the conventional method of acquiring services or items by going to a store, shop, or vendor in person.
The Toilet Bowl Cleaner segment has shown growth rate of 5.6% during (2022 - 2028). Due to the growing demand for toilet cleanliness in homes around the world. The category has developed as public awareness of sanitary hygiene has increased. People are vulnerable to health problems while accessing toilet facilities because of the rapid spread of many dangerous ailments. Increased spending on toilet care products is a result of the growing importance of a better lifestyle, increasing consumer worries about hygienic and sanitation living, along with a dust- and dirt-free environment
The Asia Pacific market dominated the Global Household Cleaners Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17.8 billion by 2028. The Europe market is estimated to witness a CAGR of 5.1% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 4.3% 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 The Procter and Gamble Company, Godrej Consumer Products Ltd., Reckitt Benckiser Group PLC, Kao Corporation, Henkel AG & Company, KGaA, The Colgate-Palmolive Company, Church & Dwight Co., Inc., and S. C. Johnson & Son, Inc.
By Distribution Channel
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