According to IMARC Group’s latest report, titled “India Soap Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." the India soap market is expected to exhibit a growth rate (CAGR) of 3.8% during 2023-2028.
Soaps refer to cleaning and emulsifying agents manufactured with sodium or potassium salts and contain glycerin, essential oils, and colorants. They are produced in liquid and bar forms and comprise a wide variety of fragrances, such as rosemary, lavender, rose, lemon, sandalwood, patchouli, lemongrass, and strawberry. Soaps aid in removing sweat and sebum from the body, preventing the clogging of pores, and reducing the occurrence of acne-causing bacteria. As they are affordable, easy to use, and readily available, soaps find wide applications in the textile, food and beverage (F&B), chemical, and ceramics and paint sectors across the country.
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India Soap Market Trends:
The escalating demand for the product among consumers to maintain hygiene and prevent the occurrence of body odors is primarily augmenting the India soap market. Furthermore, the rising usage of medicated soaps by surgeons and nurses to sanitize hands before initiating a surgical procedure and preventing the spread of hospital-acquired infections (HAIs) is positively influencing the market growth. Apart from this, the elevating number of e-commerce brands selling handmade ayurvedic soaps infused with several natural exfoliating agents, such as ground coffee and sugar, is acting as another significant growth-inducing factor. Moreover, key market players are manufacturing chemical-free soaps with sustainable packaging to reduce their carbon footprint, avoid the use of plastics, and decrease contamination of water bodies is also bolstering the market growth across the country. Besides this, the increasing production of soaps incorporated with organic herbs and aromatherapeutic properties is further catalyzing the market. Additionally, the widespread adoption of the product in paper processing mills to manufacture and recycle paper is expected to drive the India soap market in the coming years.
India Soap Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the India soap market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the India soap market on the basis of type, form, product and distribution channel
Breakup by Type:
Breakup by Form:
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Region:
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