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The Liquid Soap Market size is expected to reach USD 29.79 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Rising demand for chemical-free and natural products is a key factor driving market revenue growth. Consumers are widely exposed to a wide range of information, including hygiene and healthy lifestyles, through various media and online channels. As a result of rising awareness regarding various benefits associated with health and hygiene, consumers are becoming more conscious about cleanliness in their day-to-day life. Consumers are looking for compatible or portable hygiene products that can be used anytime and anywhere. Liquid soaps are one of the most appropriate products that cater to needs and wants of consumers. Liquid soaps help to reduce number of germs and bacteria effectively. In addition, they also protect against certain types of contaminants such as harmful chemicals and infections. Today, majority of people globally are using liquid soap instead of bar soap as it helps to retain more than 30% of skin moisture. Liquid soaps are ideal for dry and sensitive skin due to low pH levels. They are also available in a variety of fragrances such as lemon, lavender, orange, mint, peach, jasmine, and lotus, thereby, driving demand among consumers.
Rising incidence of chronic disease provides manufacturers lucrative opportunities to develop products, which is expected to support market growth during the forecast period. Rising consumer demand for homemade and handcrafted soaps, as well as the convenience of low-cost manufacturing, are attracting more players to global liquid soap market. Rising investment in research and development activities to introduce high quality products is another factor driving demand for liquid soaps going ahead.
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For the purpose of this report, Reports and Data has segmented global liquid soap market based on type, product type, distribution channel type, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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