Updated Nov 16, 2022 03:14

Global Soap And Detergent Market

Market Overview
After five years of growth, the global soap and detergent market decreased by -% to $ in . The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $ in , and then fell slightly in the following year.

In value terms, soap and detergent production fell to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by % against the previous year. Over the period under review, global production hit record highs at $ in , and then fell slightly in the following year.

China ( tons) constituted the country with the largest volume of soap and detergent production, accounting for % of total volume. Moreover, soap and detergent production in China exceeded the figures recorded by the second-largest producer, the United States ( tons), threefold. India ( tons) ranked third in terms of total production with a % share.

From 2007 to , the average annual rate of growth in terms of volume in China stood at +%. In the other countries, the average annual rates were as follows: the United States (-% per year) and India (+% per year).


Consumption
In , approx. tons of soap and detergents were consumed worldwide; standing approx. at . The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of %. Global consumption peaked at tons in ; however, from to , consumption failed to regain momentum.

The global soap and detergent market value reached $ in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in and is likely to continue growth in the near future.


Consumption by Country
China ( tons) constituted the country with the largest volume of soap and detergent consumption, accounting for % of total volume. Moreover, soap and detergent consumption in China exceeded the figures recorded by the second-largest consumer, the United States ( tons), threefold. The third position in this ranking was taken by India ( tons), with a % share.

In China, soap and detergent consumption expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-% per year) and India (+% per year).

In value terms, the largest soap and detergent markets worldwide were China ($), Japan ($) and the United States ($), together comprising % of the global market. India, Pakistan, Nigeria, Bangladesh, Brazil, the Philippines, Egypt, Mexico, Indonesia and Turkey lagged somewhat behind, together accounting for a further %.

The Philippines, with a CAGR of +%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

From 2007 to , the average annual rate of growth in terms of the soap and detergent per capita consumption in No country was relatively modest.


Consumption by Type
Non-soap washing and cleaning preparations ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, non-soap washing and cleaning preparations exceeded the figures recorded for the second-largest type, soap ( tons), sevenfold.

For non-soap washing and cleaning preparations, consumption expanded at an average annual rate of +% over the period from 2007-.

In value terms, non-soap washing and cleaning preparations ($) led the market, alone. The second position in the ranking was held by soap ($).

From 2007 to , the average annual rate of growth in terms of the value of non-soap washing and cleaning preparations markets totaled +%.


Market Forecast
Driven by increasing demand for soap and detergents worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .