The global liquid soap market size was estimated at USD 23.9 billion in 2023 and is projected to reach USD 32.14 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.13% from 2024 to 2030. The shift in lifestyle preferences and ongoing urbanization have played a key role in boosting the demand for liquid soap across different demographics.In urban environments, consumers are increasingly leaning toward products that offer both convenience and efficiency in their everyday hygiene routines. Liquid soap, with its easy-to-use packaging and a variety of formulations—ranging from antibacterial to moisturizing—meets the expectations of modern consumers. These formulations are designed to serve different skin needs and preferences, adding to their popularity. Furthermore, the growing emphasis on personal grooming and skincare is acting as a catalyst for demand. Liquid soaps, enriched with ingredients tailored for hydration and specific skin conditions, not only provide hygiene but also support overall skin health. This multifunctionality makes them appealing to consumers who seek both skincare and hygiene in a single product.
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Key Market Trends & Insights
1) In 2023, the conventional segment emerged as the market leader, accounting for a revenue share of 71.6%. This dominance is attributed to the affordability and simplicity of conventional liquid soaps, which offer effective cleansing without complex or high-cost ingredients. These products serve a broad consumer base, especially in price-sensitive markets.
2) The hypermarkets and supermarkets segment captured the largest revenue share in 2023, driven by the wide selection of products available under one roof. These retail formats attract consumers with bundled deals, promotional discounts, and the convenience of bulk purchasing, which has contributed significantly to market expansion.
3) The household segment led the market in 2023, fueled by changing consumer preferences that prioritize convenience and hygiene. Liquid soap is favored in households over traditional bar soaps due to its ease of application, reduced mess, and enhanced hygiene. With increasingly fast-paced lifestyles, products that simplify routines and offer reliable sanitation are in high demand.
4) The North America liquid soap market is expected to register substantial growth over the forecast period. This growth is supported by consumer preference shifting from bar soap to liquid alternatives, driven by the latter's enhanced hygiene properties and ease of use, particularly in domestic and public spaces.