India Liquid Soap Market To Establish Growth with Double Digit CAGR Until FY2027
Rising disposable income is
driving the growth if India Liquid Soap Market, FY2017-FY2027.
According to
TechSci report on, “India Liquid Soap Market By Product Type
(Handwash, Facewash, Body Wash, Surface Cleaner, Others) By Packaging Type
(Pouch, Bottle, Tube) By Nature (Organic, Synthetic) By Application (Household,
Commercial {Hospitals, Malls, Offices, Restaurants, Others}) By Distribution
Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical Stores,
Online Stores, Others) By Region, Competition Forecast & Opportunities,
FY2027”, India liquid soap market
has shown promising growth in historical years until FY2020 and is expected to
continue its growth in upcoming forecast years FY2023 to FY2027. India liquid
soap market owes its growth to the factors like multiple brand endorsements by
the entertainment idols and artists. Moreover, the rise in technological advancement
in liquid soap, growth in the population being more aware about the need of maintaining
the hygiene and safety against widespread diseases is accelerating the growth
of the India liquid soap market, in the upcoming five years. Government
initiatives and private advertisements along with other endorsements can be
termed as the major factors that drive the India liquid soap market toward a
consistent growth. Market players are creating merges and acquisitions for the
development and distribution of liquid soap. Also, advantages of the liquid
soap with the advancements like pH balanced, organic ingredients, smoother and
moisturizing skins, along with other qualities is driving the consumer
inclination toward the liquid soaps thereby supporting the growth of the India
liquid soap market, until FY2027.
Browse over XX market data Figures spread through 70 Pages and an
in-depth TOC on "India Liquid Soap Market"
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The India liquid soap market is segmented by product type, packaging
type, nature, application, distribution channel, competitional landscape, and
regional distribution. Based on packaging type, the market is further
fragmented into pouch, bottle, and tube packaging. Bottle packaging are
anticipated to hold the largest revenue shares of the market and assert its
dominance over the market on the grounds of consumer preference. With the
increasing demand for the liquid soap for the convenience of the consumer along
with the market flooding with designer soap dispensers is driving the growth of
the market segment in the future five years. Pouch packages are expected to
register the fastest CAGR growth in the next five years on the account of
recent trends that instigated the unaware consumers to opt for pouch packets of
liquid soap for handwash, facewash, etc. in terms of maintaining hygiene and
safety measure against the COVID-19 virus. The country continues to suffer the
consequences and with the third wave indications nearing, the market for liquid
soap in India is bound to show a robust growth in the upcoming five years.
Based on nature, the market is bifurcated further into organic and
synthetic natures of the liquid soap. One of major drawback of the soap is the
pH level of the soap and the measure of how harsh they are for the skin. Organic
liquid soaps in the market claims to be using herbal ingredients and instead of
lathering suds, the organic soap contains milder and softer ingredient that is
not harsh on the skin. Most of the bathing liquid soaps and dishwashing soaps
are claiming to be organic products and thereby are anticipated to register the
fastest growing CAGR in the upcoming five years. Some of medicinal handwashes
and laundry liquid soaps are synthetic liquid soaps that claims to be doing the
deep cleansing and often claims to be pH balanced.
Based on product type, the market is further bifurcated into handwash,
facewash, body wash, surface cleaner, and others. Differentiated on the basis
of their purposes, handwash is anticipated to hold the largest market segment
in the upcoming five years on the account of surge in the demand of organic,
healthier, and easily usable handwashes among the country’s population.
Moreover, due to onset of COVID-19 pandemic, the consumer grew more conscious
and the consistent urge to regularly wash hands before touching mouth or face
while you touch other surfaces surged the growth. The demand of maintaining the
hygiene was much needed and much demanded thereby supporting the growth of the
market in the next five years.
Some of the top players in the India liquid soap market are, Hindustan
Unilever Limited, Godrej Soaps Private Limited, Cossmic Products Pvt Ltd,
Reckitt Benckiser India Limited, Wipro Enterprises Pvt Ltd, ITC Limited, Henkel
Anand India Private Limited, Johnson & Johnson Private Limited, Procter
& Gamble Hygiene & Health Care, The Himalaya Drug Company, among others.
The companies are involving themselves into research and development for more
advanced products. Liquid soaps are in demand in all sorts of cleaning,
washing, and bathing application, with the increasing demand for the product
the market is bound to show exponential jump in the CAGR growth in the next
five years. New players entering the market may form partnerships with other
players or the end users of the industry for a consistent inflow of the
product.
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“The sudden
outbreak of COVID-19 virus has rendered the Indian economy with a turmoil. Though
the government is consistently trying to overcome the setbacks in the economic
stature of the country still the effect the pandemic is having on the market is
drastic. Hygiene and safety are a concern and thereby the recent market is
flooded with the new market players providing cleaning agents and various
innovative approach to instigate consumer to readily approach the products. The
widespread distribution channel and expanding scopes is also aiding to the
growth of the market in the next five years. Online retails of the products
have suddenly showed an exponential jump in the CAGR owing to the lockdown and
rapid shift of sellers choosing online platforms to sell their products. With
the smart delivery systems, the market is anticipated to sustain the growth in
upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Liquid Soap Market By Product Type (Handwash,
Facewash, Body Wash, Surface Cleaner, Others) By Packaging Type (Pouch, Bottle,
Tube) By Nature (Organic, Synthetic) By Application (Household, Commercial
{Hospitals, Malls, Offices, Restaurants, Others}) By Distribution Channel
(Supermarket/Hypermarket, Convenience Stores, Pharmaceutical Stores, Online Stores,
Others) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future
growth potential of India liquid soap market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India liquid soap market.
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