Global Toilet Soap Market Size, Share, Price, Trends, Growth,...

Global Toilet Soap Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2021-2026

Posted 2023-01-23 10:25:24

The new report by Expert Market Research titled, ‘Global Toilet Soap Market Trend, Size, Share, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global toilet soap market, assessing the market based on its segments like types, segments, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2021-2026)

Historical Market Size (2020): USD 22.01 Billion
Forecast CAGR (2021-2026): 4.8 %
Forecast Market Size (2026): USD 27.82 Billion

The growth of the global toilet soap market is driven by the increasing expenditure on personal care products. Rising disposable incomes and growing awareness of hygiene are aiding the growth of the market. Additionally, the increasing demand for toilet soaps with various fragrances, moisturizing and anti-bacterial properties may likely propel the market growth.

Strong advertising campaigns by the key players with celebrity endorsements are expected to further enhance the market growth. Moreover, other factors such as increasing global population, rising industrial infrastructure, and urbanisation in emerging economies such as India and China, are projected to bolster the market growth over the forecast period.

Industry Definition and Major Segments

Toilet soap is mild salt obtained by the reaction of an alkaline solution with a fatty acid. It is usually perfumed and is used for washing the face and hands or bathing. Toilet soaps are known for their anti-bacterial properties.

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Based on soap type, the market is divided into:

Bar
Liquid
Paper Soap
Others

Based on segment, the industry can be bifurcated into:

Fragrant
Non-Fragrant

The regional markets for toilet soap include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

Regionally, the Asia Pacific is expected to dominate the global market for toilet soap and show the fastest growth rate over the forecast period. Increasing penetration of key global players and domestic players along with growing expenditure on personal hygiene products are expected to propel the market. Additionally, rapid increase in the population and rising urbanisation will aid the market growth. The robust demand for premium personal care products with natural and organic ingredients is expected to push the regional markets.

Key Market Players

The major players in the market are The Procter & Gamble Company, Unilever PLC, Colgate-Palmolive Company, Johnson & Johnson Inc., Godrej Consumer Products Limited, Reckitt Benckiser Group plc, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.