According to a new report, published by KBV research, The Global Liquid Soap Market size is expected to reach $33 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,603.6 million litres, experiencing a growth of 7.2% (2019-2022).
The Dish Wash Shops segment is exhibiting a CAGR of 6.4% during (2023 - 2030). Use of the product for washing utensils is anticipated to play a significant role in driving the growth of the segment, as it is an effective and widely available option. Compared to dishwashing bars, it results in less waste because no liquid is spread by exposure to water. It also produces a lot of foam and a good lather that may be used to wash several items at once, minimizing waste.
The Household segment is leading the Global Liquid Soap Market by Application in 2022; thereby, achieving a market value of $19.4 billion by 2030. The growth of the segment is due to the increased use of the product for bathing and handwashing. Additionally, this product's convenience in automated dishwashers and hand dishwashing in homes is driving up demand, particularly for residential applications. Nowadays, many households use liquid soaps instead of bar soaps due to ease of use, as bar soaps may take time to make lather which is not the case for liquid soaps.
The Convenience Stores segment is showcasing a CAGR of 6.3% during (2023 - 2030). Since they are aware of the business possibility, well-known firms are selling their goods online. On a single platform, businesses like Amazon and Alibaba, among others, sell products from many vendors. Certain online health retailers, including ProCure Health Limited and TheBetterHealthStore.com, are also selling liquid soaps to expand their market reach. The primary factor responsible for the expansion of the segment is the increasing preference of customers to shop online.
The Asia Pacific region dominated the Global Liquid Soap Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.7 billion by 2030. The North America region is anticipated to grow at a CAGR of 5.4% during (2023 - 2030). Additionally, The Europe region would register a CAGR of 5.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/liquid-soap-market/
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, Kimberly-Clark Corporation, 3M Company (3M Health Information Systems), Henkel AG & Company, KGaA, Reckitt Benckiser Group PLC, Kao Corporation, Unilever PLC, The Colgate Palmolive Company, Lion Corporation, and Johnson & Johnson
By Product Type (Volume, Million Litres, USD Million, 2019-2030)
By Application (Volume, Million Litres, USD Million, 2019-2030)
By Distribution Channel (Volume, Million Litres, USD Million, 2019-2030)
By Geography (Volume, Million Litres, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
