Global Soap Market Report and Forecast 2024-2032

Global Soap Market Size

The global soap market value is projected to grow at a CAGR of 4.8% between 2024 and 2032.

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Soap Market Outlook

• As per industry reports, Australia has 65,866 independent and chain restaurants, providing a diverse consumer food service landscape.

• As per the ITC Trade Map, imports of soaps by the USA have been estimated to be USD 111,187 thousand in 2023.

• According to the Personal Care Products Council, the U.S. personal care products industry achieved a USD 2.6 billion trade surplus in 2022.

Soap Market Growth

Soap works as an emulsifier, enabling oil and water to mix and rinse greasy dirt. Soaps are generally alkaline and made from natural ingredients like plant oils (coconut, vegetable, palm, pine) or animal fat-derived acids. This alkalinity can influence their appropriateness for various skin types or applications.

According to the data from the Open Government Data (OGD) platform, the increase in hotels in India from 1,620 in 2021 to 1,929 in 2022, with a corresponding rise in the number of rooms from 107,482 to 100,892, will boost the soap market significantly. More hotels mean higher demand for guest amenities, including soap, to maintain hygiene standards. This expansion translates to increased bulk orders for soaps from hotel chains, benefiting the soap manufacturing industry.

Key Trends and Recent Developments

Rising e-commerce sector, increasing need to maintain cleanliness and hygiene, increasing product innovation, and rising living standards are the major trends impacting soap market development.

April 04, 2024

Dettol launched a new campaign celebrating India's success story, introducing the larger 100g Dettol Bar Soap (multi-pack) to reinforce its commitment to promoting hygiene for all.

March 11, 2024

Honasa Consumer (Mamaearth) has entered the personal wash category with Made-Safe certified Grade 1 moisturizing lotion soaps. Available in Ubtan, Vitamin C, Multani Mitti, and Neem variants, these soaps cater to diverse skin types.

February 12, 2024

Dove introduced Plant Milk Cleansing Bars with 100% plant-based cleansers and 98% biodegradable formulas, offering 24-hour nourishment in four variants: Coconut Milk, Macadamia Milk, Oat Milk, and Turmeric Milk.

July 10, 2023

Hindustan Lever Limited's Fair and Lovely launched a speckled soap with fairness vitamins, designed to reveal fair, radiant skin and enhance the skin's natural glow.

Rising e-commerce sector

The rising e-commerce platforms have enhanced individuals' experience by enhancing product accessibility and expanding market reach enabling brands to reach a wider audience catering to their diverse needs.

Increasing product innovation

The increasing product innovation such as integrating natural ingredients, anti-bacterial properties, and eco-friendly packaging attracts conscious and environmentally aware individuals leading to increased sales, thus aiding soap demand growth.

Rising Living Standards

Rising living standards and disposable incomes lead consumers to spend more on premium soaps, driven by a desire for higher quality and unique ingredients.

Increasing need to maintain cleanliness and hygiene

The rising demand for personal hygiene products can be attributed to people's increasing knowledge of hygiene and their prioritization of maintaining a clean home and personal space.

Soap Market Trends

Significant market developments include continuous innovations in soap formulations and packaging, offering benefits like moisturizing properties, antibacterial effects, and appealing fragrances. As per soap industry analysis, the sustainability trend is also influential, with growing demand for eco-friendly and natural soaps prompting manufacturers to use sustainable ingredients and packaging. In addition, a large number of people worldwide are being encouraged to use chemical-free soaps by the availability of modern technology, which has led to the development of creative solutions, especially in the skincare sector.

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Soap Industry Segmentation

“Global Soap Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Bath and Body Soaps

• Kitchen Soaps

• Laundry Soaps

Market Breakup by Form

• Solid

• Liquid

Market Breakup by Product

• Fragrant

• Non-Fragrant

Market Breakup by Application

• Household

• Commercial

Market Breakup by Distribution Channels

• Hypermarkets and Supermarkets

• Convenience Store
• Online

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Soap Market Share

Household usage of soap encompasses various aspects of daily life, significantly driving the market through its necessity in personal hygiene, cleaning, and family care

Soap is indispensable for activities like bathing, handwashing, and facial cleansing. The market caters to diverse needs with a wide range of products, including bar soaps, liquid soaps, body washes, and speciality soaps designed for sensitive skin or with added moisturising properties. This variety ensures that consumers can find products tailored to their specific needs in personal hygiene, driving consistent demand.

As per soap market analysis, the heightened awareness of hygiene has led to a significant increase in soap usage for both personal and household cleaning purposes. This surge in awareness underscores the importance of maintaining cleanliness to prevent the spread of germs, further boosting the sale of soaps.

Additionally, the food and hospitality industry, along with corporate, public facilities, and educational institutions, drives significant demand for soaps due to stringent hygiene requirements and high usage volumes. Ensuring the availability of soap in restrooms is critical to promoting regular handwashing, reducing the spread of germs, and maintaining a healthy educational environment. Thus, the soap demand in these institutions underscores its importance in public health.

Hypermarkets and supermarkets are the primary distribution channels for soap purchases, driven by several key factors that make them highly appealing to consumers

Large retail stores provide an extensive selection of soap products, catering to various preferences and needs. Shoppers can choose from various brands, types of soaps, and different packaging options. This variety ensures that consumers can find exactly what they need, looking for basic hygiene products or premium, specialised formulations.

These stores are typically designed as one-stop shops where consumers can purchase a wide array of household items in a single trip. Hypermarkets and supermarkets often provide a pleasant shopping experience with organized product displays and helpful customer service. This encourages consumers to browse and make informed purchasing decisions.

Leading Manufacturers in the Soap Market

Global companies use their broad distribution networks, well-known brands, and significant marketing budgets to give them a competitive advantage.

The Procter & Gamble Company: Founded in 1837, with its headquarters in the United States, P&G is a consumer goods company offering conditioners, shampoos, razors, toothbrushes, toothpaste, detergents, surface cleaners, and air fresheners.

Unilever PLC: Founded in 1929, with its headquarters in the United Kingdom, the company operates through five business groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream.

Henkel AG & Co. KGaA: Founded in 1876, with its headquarters in Germany, the company features renowned hair care products, laundry detergents, fabric softeners, adhesives, sealants, and functional coatings.

Church & Dwight Co., Inc.: Founded in 1846, with its headquarters in the United States, it is a consumer goods company specializing in personal care, household products, and speciality items for everyday needs.

Other key players in global soap market report are Colgate-Palmolive Company, Nice Group, Reckitt Benckiser Group Plc, Ecolab Inc, ITC Limited, and Johnson & Johnson Services Inc, among others.

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Soap Market Analysis by Region

The market for soap in the Asia Pacific is growing due to its large population, rapid urbanisation, and growing awareness of hygiene and cleanliness. The regional market is driven by economic growth and rising disposable incomes, leading to an increased demand for various soap and cleaning products. The diversity in consumer preferences and the rising middle-class population contribute to the soap market expansion.

Additionally, initiatives to promote sanitation and the adoption of eco-friendly and organic products are some of the crucial trends of soap market. The region's focus on sustainability and product innovation plays a key role in shaping market dynamics.

Key Highlights of the Report

Soap Market Report Snapshots

Soap Market Size

Soap Market Growth

Soap Market Trends

Soap Market Share

Soap Manufacturers

Soap Market Regional Analysis