Market Research Report
India Soap Market, By Form (Solid & Liquid), Distribution Channel (Store & Non-Store Based), Application (Beauty/Kitchen/Laundry/Medicated/Perfume/Personal & Novelty Soap), Region, Company, Competition, Forecast & Opportunities, FY2016-FY2026F
|Published by||TechSci Research||Product code||940365|
|Published||Content info||76 Pages
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|India Soap Market, By Form (Solid & Liquid), Distribution Channel (Store & Non-Store Based), Application (Beauty/Kitchen/Laundry/Medicated/Perfume/Personal & Novelty Soap), Region, Company, Competition, Forecast & Opportunities, FY2016-FY2026F|
|Published: June 1, 2020||Content info: 76 Pages||
India soap market was valued at $ 2.9 billion in FY2020 and is forecast to cross $ 4.4 billion by FY2026 due to increasing focus on maintaining proper hygiene and rising disposable income of the consumers. Another major factor is the outbreak of coronavirus (COVID-19) pandemic, which is resulting in people increasing their hand washing frequency and government bodies encouraging hygiene initiatives.
The Indian soap market is segmented based on Application (Kitchen, Laundry, Personal, Novelty, Perfumed, Beauty Soaps, Medicated, Others), Form (Liquid, Solid), Distribution Channel (Store based, Non-store based), Region and Company. Based on Application, the market is segmented into Beauty Soap, Kitchen Soap, Medicated Soap, Laundry Soap, Perfume Soap, Novelty Soap, Personal Soap and Others. Beauty Soap segment holds the largest market share, account for more than 50% of the market. Medicated Soap segment is also witnessing growth in India, majorly due to increasing understanding about the benefits that medicated soaps can have for various skin conditions.
Based on the Form, market is segmented into Bar Soap and Liquid Soap segments. India Soap market is dominated by Bar Soap. Being a price sensitive market, majority consumers in India prefer Bar soaps as they are cheaper than liquid soaps. Based on Distribution Channel, the India Soap market split into the Store-Based and Non-Store Based segments. The store-based distribution channel account for more than 95% of the market share, and this trend is expected to prevail over the course of next five years.
Major players operating in India Soap market include Wipro Consumer Care Limited, Godrej Consumer Products Ltd, Hindustan Unilever Ltd, Reckitt Benckiser (India) Pvt. Ltd, ITC Ltd, Colgate Palmolive (India) Ltd, Jyothi Laboratories Ltd, Patanjali Ayurveda, The Himalaya Drug Company, and Karnataka Soaps and Detergents Ltd. Leading players are constantly launching new products to stay competitive in the market.
Years considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022-FY2026
TechSci Research performed both primary as well as exhaustive secondary research for this study. TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of India Soap market using a Top-Down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and other segments for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India Soap market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India Soap Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the reports:
(Note: The companies list can be customized based on the client requirements)