Global Home Care Market Report and Forecast 2021-2026
Bharat Book Bureau Provides the Trending Industry Research Report on“Global Home Care Market Report and Forecast 2021-2026”under Consumer Goods Market Research Report. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Executive Summary
Global Home Care Market Report and Forecast 2021-2026’, the global home care market attained a value of USD 95 billion in 2020. Aided by the rising on sanitation and aesthetics, the market is projected to further grow at a CAGR of 4.5% between 2021 and 2026.
Home care is defined as the care given to the house via the use of various home care items. These products are intended to sanitise the home and rid it of any disease-causing organisms. Furthermore, home care products aid in the upkeep of the interior of a home or commercial facility. The market is being pushed by an increasing emphasis on hygiene and sanitation within the home in order to keep the family free of illness or disease. The growing population and expanding spending power of the middle class, particularly in emerging economies, are also providing significant impetus to the industry growth.
The home care market is predicted to be driven by manufacturers' increasing R&D activity to lower costs and improve product efficacy. The introduction of new items is projected to augment the market growth during the predicted period. Home care products could also help to lower hospitalisation and readmission rates while saving money. The active branding and marketing, as well as effective advertising, are projected to propel the demand for a variety of bathroom cleaners, odour control products, and carpet cleaners, among others, leading to segment growth. The rising trend of e-commerce is expected to boost market growth throughout the forecast period. This is due to the tempting discounts and ease of delivery provided by the major e-commerce sites. Rapid digitalisation and increasing penetration of electronic devices in emerging markets are predicted to augment the demand for home care products via e-commerce websites.
Market Segmentation
The market report by market based on segmentations such as product, distribution channel, and major region.
Market Breakup by Product
•Kitchen Care
oDishwash Detergent
oRinse Aid
oDegreaser
oOven and Grill Cleaner
oFresh Produce Wash
oOthers
•Household Care
oOdour Control
oMattress Cleaner
oCarpet Cleaner
oOthers
•Bathroom Care
oDescaler
oBathroom Cleaner
oOther
•Laundry Care
oLiquid Laundry Detergent
oStain Remover
oOthers
Market Segmentation by Distribution Channel
•Supermarket and Hypermarket
•Convenience Stores
•Online Stores
•Others
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
•Unilever Plc
•The Procter & Gamble Company
•Henkel AG & Co. KGaA
•Kao Corporation
•S.C. Johnson & Sons Inc.
•Natures Organics Pty Ltd
•George Weston Foods Limited
•Saraya Goodmaid Sdn. Bhd.
•Others
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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