HOMECARE INGREDIENTS MARKET ANALYSIS

Homecare Ingredients MarketSize and Trends

The global homecare ingredients market is projected to reach around US$ 32.26 Billion by 2030, exhibiting a CAGR of 7.1% during the forecast period (2023-2030).

Global Homecare Ingredients Market: Trends

• Consumers adopting natural and herbal homecare products: An increase in the adoption of natural and herbal homecare products is emerging as a lucrative market trend. Consumers are preferring these products for their households due to the harmful health effects caused by chemical-based products. For instance, in August 2021, Trident Ltd., an India-based home textiles, paper, and chemicals manufacturing company, launched a new product in the laundry business, 'Tri-Safe' washing powder. It contains natural ingredients such as neem. In January 2021, the U.S.-based multinational company Amway launched ’Amway Home Fruit & Veggie Wash,’ a cleaning solution made of natural cleaning agents. It has no added chlorine, alcohol, artificial color, or animal-based ingredients.