Product Code: ETC347244 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India soap and detergent market import shipment demonstrated a modest compound annual growth rate of 1.4% from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024, showing a sharp contraction. Overall, the market expansion slowed down notably towards the end of the period, indicating a potential shift in the market dynamics.
The India soap and detergent market holds great potential for growth due to increasing personal hygiene awareness amongst consumers along with higher per capita incomes leading households? ability spend more on cleaning products. This can be attributed largely booming ecommerce sector allowing easy accessibility even remote areas thus contributing heavily revenues. Further ,rising consciousness about environment sustainability encouraging manufacturers switch eco friendly formulations also expected drive sales future.
The India Soap and Detergent Market is driven by the growing population, increasing urbanization, and rising disposable income levels. Soaps and detergents are essential household products used for personal hygiene and laundry purposes, making them integral to daily life. As the urban population expands, the demand for cleaning and hygiene products rises correspondingly, fueling the soap and detergent market. The changing lifestyle patterns and the trend of premiumization are also driving consumers to opt for specialized and eco-friendly cleaning products. Moreover, the government`s initiatives to promote cleanliness and hygiene awareness, especially in rural areas, are likely to contribute to the market growth. The presence of a wide range of product offerings from both domestic and international players further stimulates the competitive soap and detergent market in India.
The India Soap and Detergent Market encounters challenges related to environmental concerns and raw material sourcing. The increased use of chemical-based detergents raises concerns about water pollution and its impact on aquatic ecosystems. As a result, there is a growing demand for eco-friendly and biodegradable detergent alternatives. Additionally, securing a sustainable supply of raw materials for soap and detergent production, such as palm oil and chemicals, while maintaining affordable prices can be a challenge for manufacturers.
The India Soap and Detergent Market witnessed both challenges and opportunities during the COVID-19 pandemic. While hygiene and cleanliness became paramount during the health crisis, the nationwide lockdowns and economic uncertainties initially impacted consumer spending and disrupted supply chains. The closure of manufacturing facilities and transportation restrictions affected the availability of raw materials and distribution networks. However, as the pandemic continued, the demand for soaps and detergents surged due to heightened awareness of personal hygiene and frequent handwashing. Consumers` focus on health and cleanliness translated into increased sales of cleaning products, including hand sanitizers and disinfectants. The soap and detergent market adapted to meet the evolving consumer needs, and manufacturers introduced innovative products with anti-viral and anti-bacterial properties. Despite the challenges faced during the pandemic, the India soap and detergent market demonstrated resilience and experienced growth due to the essential nature of these products in maintaining public health and hygiene.
The India soap and detergent market continue to be driven by the fast-moving consumer goods (FMCG) industry and increasing consumer hygiene awareness. Companies are innovating with eco-friendly formulations and attractive packaging to gain a competitive edge. Major players in this market include Hindustan Unilever Limited (HUL), Procter & Gamble (P&G), and Godrej Consumer Products Limited, among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Soap And Detergent Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Soap And Detergent Market Revenues & Volume, 2021 & 2031F |
3.3 India Soap And Detergent Market - Industry Life Cycle |
3.4 India Soap And Detergent Market - Porter's Five Forces |
3.5 India Soap And Detergent Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Soap And Detergent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Soap And Detergent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing population and urbanization leading to higher demand for soap and detergent products. |
4.2.2 Rising disposable income levels driving consumer spending on household cleaning products. |
4.2.3 Growing awareness about hygiene and cleanliness among Indian consumers. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of soap and detergent manufacturers. |
4.3.2 Intense competition in the market leading to price wars and margin pressures. |
4.3.3 Regulatory challenges and compliance requirements affecting the industry's operations. |
5 India Soap And Detergent Market Trends |
6 India Soap And Detergent Market, By Types |
6.1 India Soap And Detergent Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Soap And Detergent Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Soap And Detergent Market Revenues & Volume, By Laundry Detergent, 2021-2031F |
6.1.4 India Soap And Detergent Market Revenues & Volume, By Soap, 2021-2031F |
6.1.5 India Soap And Detergent Market Revenues & Volume, By Dishwashing Detergent, 2021-2031F |
6.1.6 India Soap And Detergent Market Revenues & Volume, By Toothpaste, 2021-2031F |
6.1.7 India Soap And Detergent Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Soap And Detergent Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Soap And Detergent Market Revenues & Volume, By Body, 2021-2031F |
6.2.3 India Soap And Detergent Market Revenues & Volume, By Clothing, 2021-2031F |
6.2.4 India Soap And Detergent Market Revenues & Volume, By Others, 2021-2031F |
7 India Soap And Detergent Market Import-Export Trade Statistics |
7.1 India Soap And Detergent Market Export to Major Countries |
7.2 India Soap And Detergent Market Imports from Major Countries |
8 India Soap And Detergent Market Key Performance Indicators |
8.1 Consumer penetration rate of premium soap and detergent products. |
8.2 Percentage of households using eco-friendly or organic soap and detergent options. |
8.3 Adoption rate of online sales channels for soap and detergent products. |
9 India Soap And Detergent Market - Opportunity Assessment |
9.1 India Soap And Detergent Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Soap And Detergent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Soap And Detergent Market - Competitive Landscape |
10.1 India Soap And Detergent Market Revenue Share, By Companies, 2024 |
10.2 India Soap And Detergent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |