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Report Overview
The global home care market attained a value of nearly USD 105.33 billion in 2023. The market is further expected to grow at a CAGR of 3.5% during the forecast period of 2024-2032 to reach a value of USD 143.55 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Home Care Market Size
The global home care market reached approximately USD 105.33 billion in 2023. The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
Key Takeaways
- Manufacturers are investing in research and development activities to launch improved formulations and expand their portfolio of home care solutions.
- Home care brands that offer transparency and clean labelling are gaining consumer trust and preference.
- Subscription services for regular deliveries of essential home care products are becoming more popular.
Home care products encompass a wide range of items designed to maintain cleanliness, hygiene, and overall upkeep of living spaces. These products are essential in daily household routines, ensuring environments are safe, sanitary, and pleasant for residents. The diversity of products available allows consumers to choose items that best fit their needs, preferences, and values, particularly as the market shifts towards more sustainable and innovative solutions.
The home care market growth is driven by the growing focus on hygiene and sanitation inside the house so that the family is free of any kind of infection or disease. Furthermore, the increasing population and the rising purchasing power of the middle class, particularly in emerging economies, are also supporting market growth. Home care products can also help to reduce hospitalisation and readmission rates and save the associated costs. The market is also expected to be driven by the growing research and development activities by manufacturers to reduce costs, improve the efficacy of the products, and launch innovative products.
Home Care Market Report Snapshots
Home Care Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global home care market attained a volume of nearly USD 105.33 billion.
The market is estimated to witness a healthy growth at a CAGR of 3.5% in the forecast period of 2024-2032.
The major drivers of the industry include the rising demand for laundry care and household care products, the need for eradicating the risks of infections and disease, the increasing online stores which provide the ease of delivery, and growing R&D activities to improve efficacy and cost-effectiveness, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing innovation by manufacturers, along with the growing personalisation trend, which is supporting businesses that cater to specific demographics.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Kitchen care (dishwash detergent, rinse aid, degreaser, oven and grill cleaner, and fresh produce wash, among others), household care (odour control, mattress cleaner, and carpet cleaner, among others), bathroom care (descaler and bathroom cleaner, among others), and laundry care (liquid laundry detergent and stain remover, among others) are the major products in the market.
Supermarkets and hypermarket, convenience stores, and online stores, among others, are the different distribution channels of the product in the market.
The major players in the market are Unilever Plc, The Procter & Gamble Company, Henkel AG & Co. KGaA, Kao Corporation, S.C. Johnson & Sons Inc., Natures Organics Pty Ltd, George Weston Foods Limited, and Saraya Goodmaid Sdn. Bhd., among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 143.55 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124