The soap and other detergents market consists of sales of soap and other detergents and related services for removing dirt from human skin, textiles and other solid surfaces. Soap and detergents are chemical compounds refers to surface active agents in general. These products are made from animal fats or vegetable oil and are used to clean a solid surface. Surface-active agents are categorized in four groups: anionic detergents, cationic detergents, nonionicnon-ionic detergents and ampholytic.
Global Soap And Other Detergents Market Size And Drivers:
The global medical feed additives market is expected to grow from $11.2 billion in 2020 to $13.3 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.65 billion in 2025 at a CAGR of 5.8%. Increase in prevalence of diseases among animals is driving the growth of the medicated feed additives market.
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Trends In The Global Soap And Other Detergents Market
With increasing water scarcity worldwide, soap and other detergent manufacturers are working continuously on creating opportunities for water-efficient laundry products. These water-efficient laundry products, require less water for rinsing as these concentrated detergents contains chemicals with less water dependent laundry ingredients. Furthermore, these products also cut down packaging and transportation cost for the manufacturers. In August 2019, Hindustan Unilever (HUL) launched an ongoing premiumization strategy in the laundry category with the brand 'Love & Care'. The new brand is produced for washing premium fabrics like silk, fine cotton, and others. Thereby, are driving the market of soap and other detergents in the forecast period.
Global Soap And Other Detergents Market Segments:
The global soap and other detergents market is further segmented –
By Product Type: Laundry Detergent, Soap, Dishwashing Detergent, Toothpaste, Others
By End Use: Body, Clothing, Others
By Application: Homecare Detergents, Industrial Soap and Detergent, Homecare Soaps, Other
By Geography: The global soap and other detergents market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Soap And Other Detergents Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides soap and other detergents market overviews, analyzes and forecasts market size and growth for the global soap and other detergents market, soap and other detergents market share, soap and other detergents market players, soap and other detergents market segments and geographies, soap and other detergents market’s leading competitors’ revenues, profiles and market shares. The soap and other detergents market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
