Global Soap
Market Report
2024
The global Soap market size will be USD 43151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Soap market size will be USD 43151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Soap Market Sales Revenue 2024 | $ 43151.2 Million |
Global Soap Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
North America Soap Market Sales Revenue 2024 | $ 17260.5 Million |
North America Soap Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Europe Soap Market Sales Revenue 2024 | $ 12945.4 Million |
Europe Soap Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.2% |
Asia Pacific Soap Market Sales Revenue 2024 | $ 9924.78 Million |
Asia Pacific Soap Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Soap Market Sales Revenue 2024 | $ 2157.56 Million |
South America Soap Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Middle East and Africa Soap Market Sales Revenue 2024 | $ 863.02 Million |
Middle East and Africa Soap Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Form |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Soap Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Soap is a cleaning agent used to remove dirt, oil, and other impurities from the skin and other surfaces. Soap is made by combining fats or oils with an alkali, such as sodium hydroxide, to create a chemical reaction called saponification. Every individual uses soap for personal care, dishwashing, or clothes, as specific soaps are available for specific purposes. Soaps are evolving and innovating with increasing desires and customer requirements, including different fragrances, cost margins, organic products, etc.
Soap is an essential product in every household as it is used for various applications, including personal care, dishwashing, laundering, etc. Different varieties of soaps are used for different applications as the chemical composition differs based on the consumer's end use. However, the soap industry undergoes a dynamic environment as the market vendors have to make continual changes in the production cycle depending on the changing preferences of consumers. Such fluctuation in preference poses a challenge for manufacturers to meet the market demand and create pressure on manufacturers. Although end-user-specified soaps, especially for infants and men, are boosting the market growth. Awareness about personal hygiene and rising living standards has also given wide scope to the market to expand massively.
The global soap market is witnessing a surge in demand due to the rising awareness regarding personal and household hygiene. The global emphasis on health and hygiene, accentuated by the COVID-19 pandemic, has propelled the soap market's growth. Consumers increasingly prioritize cleanliness, demanding soap products that combat germs and bacteria. The heightened awareness about the importance of handwashing, a key preventive measure against infections, has significantly contributed to increased soap consumption. Additionally, the growing consciousness about general cleanliness in households further fuels the demand for soaps with various formulations, including antibacterial and moisturizing properties. Furthermore, the availability of diverse soaps catering to specific preferences and skin types contributes to the market's expansion. Manufacturers are innovating with natural ingredients, fragrances, and sustainable packaging, aligning with the growing trend of eco-friendly and health-conscious consumer choices.
The global soap market is poised for growth, primarily driven by a surge in product innovations. Manufacturers focus on developing innovative soap formulations to meet evolving consumer preferences and address specific needs. Introducing eco-friendly and sustainable soap products is gaining prominence as environmental concerns rise, leading to a shift towards biodegradable and natural ingredient-based soaps. Moreover, technological advancements contribute to product innovation, creating unique formulations with added benefits such as moisturization, aromatherapy, and skin-specific solutions. The market also benefits from incorporating exotic ingredients, essential oils, and specialized formulations targeting various skin types. The COVID-19 pandemic has further emphasized the importance of hygiene, driving an increased demand for antibacterial and antiviral soaps. Consumers are now more conscious of personal care products' health and wellness aspects, fueling the market's growth. As these industries progress, there is an increasing demand for soap. It creates a relationship where scientific advancements drive market expansion while reinforcing these reagents' crucial role in advancing biotechnology and pharmaceuticals.
The global soap market faces challenges with the increasing availability of alternative products, impacting sales dynamics. The rise of alternative cleansing solutions, including body washes, liquid soaps, and eco-friendly options, presents consumers with diverse choices, affecting traditional soap sales. Moreover, the growing popularity of natural and organic products contributes to the shift in consumer preferences as individuals seek environmentally conscious and skin-friendly options. The advent of specialty soaps, such as antibacterial and medicated variants, has diversified the market. Additionally, the trend toward package-free and zero-waste products has prompted consumers to explore alternatives that align with sustainable practices. Despite these challenges, traditional soaps retain a significant market share, driven by affordability, wide availability, and consumer familiarity. Manufacturers are responding by introducing innovative formulations, fragrances, and sustainable packaging to adapt to changing preferences and maintain their market presence. The soap industry's future success lies in strategically balancing traditional offerings and embracing evolving consumer demands for sustainable, unique, and alternative cleansing solutions.
The global soap market faced a complex scenario due to COVID-19. While hygiene awareness increased, supply chain disruptions, labor shortages, and economic uncertainties impacted production and distribution. High demand for soap and sanitizers initially led to shortages, followed by production ramp-ups. E-commerce gained significance as consumers shifted towards online purchasing. Artisanal and natural soap segments saw growth due to increased health consciousness. The market's resilience was evident in the adaptability of manufacturers to changing consumer preferences and safety concerns, emphasizing the essential role of soap during a global health crisis. The long-term impact includes sustained hygiene consciousness and a shift towards premium and eco-friendly products.
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The global soap market features a competitive landscape with key players. Innovations, branding, and sustainability initiatives fuel intense competition. Market leaders focus on product diversification, eco-friendly formulations, and strategic partnerships to maintain their competitive edge. Regional and local players also contribute significantly, emphasizing cultural preferences and niche markets. The dynamic market responds to changing consumer preferences, environmental concerns, and evolving regulatory landscapes, creating a competitive environment that encourages continuous innovation and adaptation among soap manufacturers worldwide.
(Source: https://nrcb.icar.gov.in/documents/Publications/Extension%20Folder/gi.pdf
Top Companies Market Share in Soap Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In North America, the market dominance is attributed to the high consumer awareness of personal hygiene, a strong culture of cleanliness, and a well-established soap industry. The region's robust economy and high per capita income generate steady demand for premium and specialty soaps.
Meanwhile, Europe stands out as the fastest-growing market due to several factors. The increasing awareness of natural and organic products has fueled the demand for eco-friendly and sustainable soaps. European consumers prioritize products with minimal environmental impact and are keen on transparency of ingredients. Furthermore, the region is witnessing a surge in the popularity of artisanal and specialty soaps, driven by a preference for unique formulations and scents.
The current report Scope analyzes Soap Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Soap market size was estimated at USD 43151.2 Million, out of which North America is the major market with more than 40% of the global revenue with a market size of USD 17260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. The North American soap market is characterized by diverse products catering to various consumer preferences. Bath and shower soaps dominate the segment, driven by hygiene consciousness and innovation in formulations. Liquid soaps, antibacterial variants, and eco-friendly options gain prominence. The region's demand is influenced by lifestyle trends, emphasizing natural ingredients and sustainable packaging. In conclusion, the North American soap market showcases a dynamic landscape with a strong focus on product innovation and meeting evolving consumer needs for cleanliness, wellness, and environmental consciousness.
According to Cognitive Market Research, with a market value of USD 43151.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 12945.36 million. In Europe, the soap market is characterized by a diverse range of products, including bar soaps, liquid soaps, and specialty variants. The dominating segment is liquid soap, driven by convenience and hygiene preferences. With a heightened focus on personal care and sustainability, consumers seek natural and eco-friendly soap options. European soap manufacturers respond to this demand, incorporating organic ingredients and sustainable packaging. In conclusion, the European soap market reflects a consumer shift towards conscious and eco-friendly choices, influencing product innovation and market dynamics in the personal care sector.
According to Cognitive Market Research, the global Soap market size was estimated at USD 43151.2 Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 9924.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. The Asia Pacific soap market is thriving, driven by the region's growing population, hygiene awareness, and diverse consumer preferences. Bath soap, a dominating segment, experiences high demand due to its widespread use. Premium and herbal soaps have gained popularity, reflecting changing consumer preferences. In conclusion, the Asia Pacific soap market showcases a dynamic landscape shaped by cultural influences and evolving hygiene trends. The dominating segment emphasizes the importance of traditional and innovative soap varieties, presenting opportunities for manufacturers to cater to the diverse needs of the region's vast consumer base.
According to Cognitive Market Research, the global Soaps market size was estimated at USD 43151.2 million, which represents the Latin America market of more than 5% of the global revenue with a market size of USD 2157.56 million in 2024. It will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. In Latin America, the soap market is thriving with a diverse product range catering to personal hygiene needs. The dominating segment includes bath soaps infused with natural ingredients, meeting consumer preferences for skin-friendly and environmentally conscious products. Rising health awareness, product innovation, and economic development fueled the market's growth. In conclusion, the Latin American soap market reflects a blend of cultural preferences and evolving consumer demands. The dominance of natural ingredient-infused bath soaps signals a shift towards wellness-oriented choices, presenting opportunities for manufacturers to continue addressing the region's dynamic personal care needs.
According to Cognitive Market Research, the global Soap market size was estimated at USD 43151.2Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 863.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The soap market in the Middle East and Africa is characterized by a diverse range of products catering to different consumer preferences. Bathing and toilet soaps dominate, offering hygiene solutions. Cultural factors and a growing focus on natural and organic ingredients influence the market. As consumers seek personalized skincare, premium, and herbal soaps gain traction. In conclusion, the soap market in the Middle East and Africa reflects a dynamic landscape shaped by cultural nuances and evolving consumer preferences, presenting opportunities for innovation and market growth.
Global Soap Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Soap Industry growth. Soap market has been segmented with the help of its Product Type, Application Form, and others. Soap market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Bath & Body Soaps represent a substantial segment of the soap market, encompassing various products designed for personal hygiene. These include traditional bars, liquid hand soaps, shower gels, and specialty soaps formulated for specific skincare needs. The demand for bath and body soaps is driven by consumers' preferences for maintaining personal hygiene, skincare routines, and the desire for pleasant fragrances.
Kitchen Soaps form another essential segment, tailored for use in kitchens for dishwashing and cleaning purposes. This category includes dishwashing bars, liquid dish soap, and other specialized kitchen cleaning products. The emphasis on cleanliness and hygiene in food preparation areas and the need for effective grease removal drive the demand for kitchen soaps.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soap Industry. Request a Free Sample PDF!
In the household segment, soaps are primarily utilized for personal hygiene, bathing, and handwashing. With a wide range of formulations catering to various skin types and preferences, household soaps encompass bar, liquid, and specialty soaps.
In the commercial segment, soaps find extensive use across industries such as hospitality, healthcare, and food service. In healthcare settings, antibacterial and antiseptic soaps are crucial for maintaining hygiene standards. In the hospitality sector, guest amenities often include premium soaps for an enhanced customer experience. Additionally, food service establishments prioritize handwashing, necessitating effective hand soaps.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Soap market report 2024 Edition by contacting our team.
Supermarkets/hypermarkets play a central role, offering various soap brands and variants under one roof, providing consumers with convenient access and choices. The vast shelf space allows for prominent displays, attracting customer attention and encouraging impulse purchases.
On the other hand, pharmacies serve as an important distribution channel, particularly for specialty or medicated soaps. Consumers often seek pharmacist advice, making pharmacies a trusted source for skincare products. Additionally, pharmacies may cater to specific dermatological needs, offering a curated selection of soaps recommended by healthcare professionals.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Author's Say's, The global Soap market will expand significantly by 6.00% CAGR between 2024 to 2031.
Disclaimer:
Product Type | Bath & Body Soaps, Kitchen Soaps, Laundry Soaps |
Application | Household, Commercial |
Form | Solid, Liquid |
Distribution Channel | Supermarkets/Hypermarkets, Pharmacies, Online Channel, Others (Convenience Stores and Department Stores) |
List of Competitors | Unilever, Procter & Gamble, Colgate-Palmolive, Johnson & Johnson, Reckitt Benckiser Group, Kao Corporation, Beiersdorf AG, Henkel AG & Co. KGaA, L'Oréal SA, The Clorox Company, Godrej Consumer Products Limited, Kimberly-Clark Corporation. |
This chapter will help you gain GLOBAL Market Analysis of Soap. Further deep in this chapter, you will be able to review Global Soap Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Soap Market Trends North America Soap Technological Road Map North America Soap Market Drivers North America Soap Market Restraints North America Soap Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Soap market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bath & Body Soaps have a significant impact on Soap market? |
What are the key factors affecting the Bath & Body Soaps and Kitchen Soaps of Soap Market? |
What is the CAGR/Growth Rate of Household during the forecast period? |
By type, which segment accounted for largest share of the global Soap Market? |
Which region is expected to dominate the global Soap Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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