“Global Liquid Detergent Market to reach a market value of USD 50.9 Billion by 2030 growing at a CAGR of 5.7%”
The Global Liquid Detergent Market size is expected to reach $50.9 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,854.4 Kilo Tonnes experiencing a growth of 7.4% (2019-2022).
The Asia Pacific region is experiencing rapid urbanization and population growth, leading to increased demand for household cleaning products, including these detergents. Consequently, the Asia pacific region would acquire nearly 28% of the total market share by 2030. Furthermore, with rising disposable incomes and changing lifestyles, consumers in the Asia Pacific region are increasingly prioritizing convenience and efficiency in their daily routines. Thus, these aspects will boost the demand in the segment.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in December, 2023, Godrej Consumer Products Ltd. unveiled Godrej Fab liquid detergent. The detergent is fully dissolvable in water which facilitates residue reduction. The detergent is compatible with both semi-automatic and fully automatic washing. Moreover, in July, 2023, Lion Corporation introduced NANOX gel detergent. The detergent features a combination of high detergency and deodorizing power along with a discoloration prevention feature.
Based on the Analysis presented in the KBV Cardinal matrix; The Procter and Gamble Company is the forerunner in the Market. In February, 2020, Procter & Gamble rolled out Microban 24, a range of antibacterial surface cleaning products. With this launch, the company aimed to offer a range of products with the ability to kill bacteria for 24 hours. Moreover, the new products are available in sanitizing cleanser and spray forms as well as a bathroom cleaner. Companies such as Unilever PLC, Henkel AG & Company, KGaA and Kao Corporation are some of the key innovators in Market.
The market is highly competitive, with numerous brands vying for consumer attention. Product innovation enables brands to differentiate themselves from competitors by offering unique value propositions. Moreover, product innovation drives the introduction of specialty detergent products tailored to specific consumer needs and preferences. Therefore, product innovation and differentiation are propelling the growth of the market.
Urbanization leads to higher population densities and smaller living spaces, often with limited access to outdoor drying areas. As a result, urban dwellers rely more on washing machines and dryers for laundry care, driving up the frequency of laundry cycles. Furthermore, urbanization is often accompanied by improved infrastructure and higher household incomes, leading to increased adoption of modern appliances such as washing machines. Hence, the increasing urbanization and laundry frequency are driving the growth of the market.
Powder detergents are a primary alternative to these detergents and have been traditionally preferred by consumers due to their affordability and effectiveness in cleaning laundry. Additionally, specialized cleaning products, including eco-friendly detergents, fabric softeners, and stain removers, cater to niche consumer segments seeking specific cleaning solutions. Therefore, the competition from alternative cleaning solutions is hindering the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Based on nature, the market is bifurcated into organic and conventional. In 2022, the organic segment garnered a 23% revenue share in the market. Consumers are becoming more aware of the environmental impact of conventional cleaning products, including these detergents. Organic detergents are formulated with plant-based ingredients and biodegradable surfactants, reducing their ecological footprint and minimizing environmental harm. Therefore, the increasing demand for natural products is propelling the growth of the segment.
On the basis of application, the market is segmented into laundry and dish washing. In 2022, the dish washing segment attained a 24% revenue share in the market. These detergents for dishwashing offer ease of use and convenience compared to traditional bar soaps or powdered detergents. Therefore, the segment will witness increased demand in the segment.
By end-use, the market is divided into residential and industrial. The commercial segment procured a 30% revenue share in the market in 2022. The heightened awareness of hygiene and sanitation, especially in commercial space, has increased demand for these detergents. Detergents are often preferred for their convenience and effectiveness in maintaining cleanliness. Hence, these aspects will lead to enhanced growth in the segment.
Based on sales channel, the market is categorized into online sales channels, supermarket & hypermarket, departmental & convenience stores, and others. The online segment witnessed a 24% revenue share in the market in 2022. Online platforms offer consumers unparalleled convenience and accessibility when purchasing these detergents. Hence, the convenience of shopping provided by online platforms is driving the demand of the segment.
Free Valuable Insights: Global Liquid Detergent Market size to reach USD 50.9 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 36.8% revenue share in the market in 2022. The rising demand for this detergent in North America can be attributed to changing lifestyles, effective cleaning performance, product innovation, the convenience of online shopping etc.As consumer preferences continue to evolve, manufacturers will adapt their offerings to meet North American consumers' diverse needs and preferences in the market. Therefore, these aspects will assist in the expansion of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 32.8 Billion |
| Market size forecast in 2030 | USD 50.9 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.7% from 2023 to 2030 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 371 |
| Number of Tables | 834 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Nature, Application, Sales Channel, End-use, Region |
| Country scope |
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| Companies Included | The Procter and Gamble Company, Church & Dwight Co., Inc., Henkel AG & Company, KGaA, Unilever PLC, S. C. Johnson & Son, Inc., Kao Corporation, Jyothy Laboratories Ltd., Godrej Consumer Products Ltd. (Godrej Group), Amway Corporation and Lion Corporation |
By Nature (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Sales Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $50.9 billion by 2030.
Rising product innovation and differentiation are driving the Market in coming years, however, Competition from alternative cleaning solutions restraints the growth of the Market.
The Procter and Gamble Company, Church & Dwight Co., Inc., Henkel AG & Company, KGaA, Unilever PLC, S. C. Johnson & Son, Inc., Kao Corporation, Jyothy Laboratories Ltd., Godrej Consumer Products Ltd. (Godrej Group), Amway Corporation and Lion Corporation
In the year 2022, the market attained a volume of 5,854.4 Kilo Tonnes experiencing a growth of 7.4% (2019-2022).
The Conventional segment generated the highest revenue in the Market, By Nature in 2022; there by, achieving a market value of $40.6 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $18 billion by 2030.
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