The latest report by IMARC Group, titled “India Soap Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. Offers a comprehensive analysis of the industry, which comprises insights on Soap Market Size in India
India Soap Market Overview:
The India soap market is expected to exhibit a CAGR of 4% during 2022-2027. Soap is a cleaning and emulsifying surfactant which is used to kill various microorganisms and bacteria during washing, bathing, and rinsing. It is commercially manufactured by combining chemical salts, fatty carboxylic acids, and water. It can be further made from various organic substances, such as natural plant oils or acids derived from animal fat. Soap helps in maintaining hygiene and preventing the spread of infections. Currently, it is available in a solid bar, liquid body wash, kitchen, and laundry product variants.
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India Soap Market Trends:
The rising health consciousness and growing awareness regarding personal sanitation and hygiene are primarily driving the soap market in India. This is further supported by the widespread product adoption across the commercial and residential sectors as a disinfectant for cleaning purposes. Moreover, the extensive installation of automatic liquid and foam-based soap dispensers by the Government of India (GoI) to encourage regular handwashing, especially during the COVID-19 pandemic, is propelling the market growth. Additionally, the shifting consumer inclination towards natural ingredients-infused soaps comprising essential oils and fragrances is supplementing the market growth. Besides this, ongoing celebrity endorsements, implementation of various promotional strategies, and the advent of premium paraben-free, skin-friendly, hand-crafted, aesthetically appealing soaps to attract a broader consumer base are supporting the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.’
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Billion
Segment Coverage
Type, Form, Product, Distribution Channel, Region
Competitive Landscape:
Key Market Segmentation:
Breakup by Type:
Breakup by Form:
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Region:
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Key highlights of the report:
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Sources:
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