The global soap market size was valued at USD 45.58 billion in 2023. The market is anticipated to expand to USD 67.18 billion by 2030, exhibiting a CAGR of 5.70% over the estimated period. The surge is propelled by the rising popularity of bathing bars with fragrances and attractive colors.

Fortune Business Insights™ provides this information in its research report, titled “Soap Market, 2024-2030”.

Top Key Companies in the Soap Market

• Procter & Gamble Co. (U.S.)
• Unilever (U.K.)
• Natura & Co. (Brazil)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.)
• Reckitt Benckiser Group plc (U.K.)
• Ecolab Inc.(U.S.)
• Beiersdorf AG (Germany)
• Colgate-Palmolive Co.(U.S.)
• Henkel AG & Co. KGaA (Germany)

Information Source: https://www.fortunebusinessinsights.com/soap-market-102841

Segments:

Bath & Body Soaps Segment to Gain Traction Driven by Growing Usage of the Product

Based on product type, the market is fragmented into bath & body soaps, kitchen soaps, and laundry soap. The bath & body soaps segment is estimated to grow at a substantial pace over the estimated period. The rise is driven by the growing demand for bathing products.

Solid Segment to Depict Notable Growth Propelled by Traditional Usage

Based on form, the market is bifurcated into solid and liquid. The solid segment is set to expand at a considerable rate over the study period. The expansion is due to the traditional usage of solid soaps.

Household Segment to Register Substantial Growth Owing to Extensive Application