Liquid Detergent Market to Reach $40.48Bn, Globally, by 2025 at 5.2% CAGR: Allied Market Research

Portland, ore.And Jan 21 2022 /PRNewswire/- Allied Market Research published a report titled “Liquid Detergent Market by Nature (Organic and Conventional), Application (Laundry and Dish Washing), Distribution Channel (Online Sales Channels, Supermarkets and Hypermarkets, Department Stores and Convenience Stores, Independent Grocery Stores), and End User ( Residential and Commercial): Analysis of Global Opportunities and Industry Outlook, 2018 – 2025.” According to the report, the global Liquid Detergents industry has been valued at 27.40 billion dollars In 2017, it is expected to reach 40.48 billion dollars by 2025, registering a compound annual growth rate of 5.2% from 2021 to 2030.

Drivers, constraints and opportunities-

Rising consumer preference towards liquid detergents, increased penetration of washing machines and dishwashers, and cutting-edge product innovations are driving the global liquid detergent market. On the other hand, the high prices of liquid detergents and the availability of fake products hamper the growth to some extent. However, improvements in packaging solutions and a growing consumer inclination towards a healthy lifestyle are expected to pave the way for profitable opportunities in this industry.

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COVID-19 scenario-

  • The outbreak of the epidemic disrupted production activities and distorted the supply chain worldwide, especially during the initial phase of the epidemic, which negatively affected the global liquid detergent market.
  • However, the growing awareness about hygiene, hygiene and sterility has given way to an increased demand for liquid detergents, thus providing a completely mixed effect to the market.

The traditional sector acquired the main share in 2017-

By its nature, the traditional segment captured the highest share in 2017, capturing more than 90% of the global liquid detergent market. On the other hand, the organic segment is expected to grow at the fastest compound annual growth rate of 6.6% throughout the forecast period, due to the high tendency towards products made with natural ingredients among health-conscious consumers.

Laundry department to keep the lion’s share-

By application, the laundry segment had the highest share, generating nearly three quarters of the global liquid detergent market. This is attributed to the spread of washing machines in developed countries. On the other hand, the dishwashing segment reports the fastest compound annual growth rate of 6.1% throughout the forecast period, due to the increased penetration of dishwashers and the introduction of liquid detergents with strange odors.

North America to dominate by 2025-

By geography, North America produced the highest share in 2017, contributing nearly two-fifths of the global liquid detergent market. This is due to the increasing demand for washing machines and dishwashers in the region. Meanwhile, the Asia Pacific region reports the fastest compound annual growth rate of 8.5% during the forecast period. Other areas studied through the report include LAMEA and Europe.

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The main players in the market-

  • Henkel KGaA
  • SC Johnson & Son, Inc.
  • Procter & Gamble Company
  • Godrej Consumer Products
  • Reckitt Benckiser Group plc.
  • Clorox Company
  • Unilever plc.
  • amway company
  • Church and Dwight
  • Colgate Palmolive

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Allied Market Research (AMR) is a full-service market research and business advisory subsidiary of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides global organizations as well as medium and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted viewpoint to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR provides its services across 11 industrial sectors including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverages, power and energy, semiconductors and electronics, automotive and transportation, information and communications technology and media, aerospace and defense, and BFSI.

We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All the data presented in the reports published by us are extracted through preliminary interviews with senior officials from the leading companies in the respective field. Our methodology for acquiring secondary data includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.

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