India liquid soap market is
anticipated to grow with an impressive CAGR in the forecast period,
FY2023-FY2027. The market has shown a consistent growth in the last five years,
and it is expected to grow with the projected cumulative annular growth rate on
the account of advantages of the liquid soap over the normal solid bar soaps
and the health and skin benefits they provide. Liquid soaps are rapidly gaining
the popularity among the country consumers owing to the aggressive
advertisement by the manufacturers and the supported recommendations from the
various media personnel and the models and icons of the entertainment sector in
the country. These factors are anticipated to drive the growth of the India
liquid soap market in the future five years on the backbone of aforementioned
factors. Moreover, the characteristics like lower pH, and gentler on skin feature
is anticipated to further support the growth of the India liquid soap market in
the next five years of forecast. Furthermore, rapidly growing consumer
awareness among the population is also expected to enhance the sales of the
product thereby aiding the growth of the market in the future five years.
The India liquid soap market
is segmented by product type, packaging type, nature, application, distribution
channel, competitional landscape, and regional distribution. 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.
Years considered
for this report:
Historical Years: FY2017 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2027
Objective of the Study:
- To analyze the historical
growth of the market size of India liquid soap market from FY2017 to FY2020.
- To estimate and forecast the market size of India liquid
soap market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India liquid soap market based on product type, packaging type, nature, application,
distribution channel, competitional landscape, and regional
distribution.
- To identify dominant region or segment in the
India liquid soap market.
- To identify drivers and challenges for India liquid
soap market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
India liquid soap market.
- To identify and analyze
the profile of leading players operating in India liquid soap market.
- To identify key sustainable strategies adopted
by market players in India liquid soap market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and service providers
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the market
size of India liquid
soap market using a bottom-up
approach, wherein data for various end-user segments was recorded and forecast
for the future years. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Liquid soap manufacturers, end users, and other
stakeholders
- Distributers and suppliers of Liquid Soap and other
stakeholders
- Organizations, forums and alliances related to liquid
soap
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India liquid soap market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- India Liquid Soap Market, By Product Type:
- Handwash
- Facewash
- Body Wash
- Surface Cleaner
- Others
- India Liquid Soap Market, By Packaging
Type:
o Pouch
o Bottle
o Tube
- India Liquid Soap Market, By Nature:
o Organic
o Synthetic
- India Liquid Soap Market, By Application:
- Household
- Commercial
- Hospitals
- Malls
- Offices
- Restaurants
- Others
- India Liquid Soap Market, By Distribution
Channel:
- Supermarket/Hypermarket
- Convenience Stores
- Pharmaceutical Stores
- Online Stores
- Others
- India Liquid Soap Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India liquid soap market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Liquid Soap Market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]