ALKALI SOAP MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
The alkali soap market size is expected to reach US$ 30.47 Billion by 2030, from US$ 19.22 Billion in 2023, at a CAGR of 6.8% during the forecast period. Alkali soaps, also known as bar soaps, are cleaning agents made from the salts of vegetable or animal fats and alkali substances such as lye. They are an essential product used for washing and cleaning purposes across residential and commercial spaces. The growth in the market can be attributed to rising awareness regarding hygiene and cleanliness, increasing disposable incomes, and new product launches.
The alkali soap market is segmented by product type, distribution channel, application, end user, price range, and region. By product type, the market is categorized into bar soap, liquid soap, paper soap, medicated soap, laundry soap, and others ( Dishwash soap, Handwash soap etc) . Bar soap is the largest segment, accounting for over 40% of the global market share in 2022. The popularity of bar soaps can be attributed to their affordability, easy availability, and longevity over liquid hand wash products.
Alkali Soap Market Report Snapshots
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