The global soap market size was valued at USD 45.58 billion in 2023. The market is anticipated to expand 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, 2024-2032”.
Read More: https://www.fortunebusinessinsights.com/soap-market-102841****
Segments:
Bath & Body Soaps Segment to Gain Traction Driven by Growing Usage of the Product
On the basis of 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
Based on application, the market is segmented into commercial and household. Of these, the household segment is expected to grow at an appreciable rate over the forecast period. The rise is on account of growing awareness regarding household as well as personal hygiene.
Hypermarkets/Supermarkets Segment to Surge at Considerable Pace Impelled by Rising Purchase Convenience
On the basis of distribution channel, the market is segregated into hypermarkets/supermarkets, pharmacies, online channel, and others. The hypermarkets/supermarkets segment is poised to depict remarkable growth throughout the estimated period. The rise is propelled by the wide product availability.
Based on geography, the market for soaps has been studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
List of Key Players Mentioned in the Report: