GITNUX MARKETDATA REPORT 2024

Soap Industry Statistics

The Soap Industry Statistics provide insights into market trends, consumer behavior, and competition within the industry.

Statistic 1

"The antibacterial soap segment is projected to reach $5 billion by 2025."

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Statistic 2

"The global soap market size was valued at $18 billion in 2020."

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Statistic 3

"The organic soap market segment is expected to grow at a CAGR of 9.5% from 2021 to 2028."

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Statistic 4

"Bar soap sales declined by 5% in 2019 while liquid soap sales increased by 7%."

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Statistic 5

"Online sales of soap products grew by 10% in 2020 compared to the previous year."

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Statistic 6

"Soap manufacturing companies spent $2 billion on advertising in 2020."

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Statistic 7

"By 2024, the global market for baby soap is expected to reach $1 billion."

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Statistic 8

"The hotel industry constitutes 10% of the overall demand for soap products."

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Statistic 9

"Europe accounted for 25% of the global soap industry's revenue in 2020."

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Statistic 10

"The liquid soap segment accounted for 30% of the market share in 2019."

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Statistic 11

"In 2020, North America held the largest market share of 35% in the global soap industry."

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Statistic 12

"The demand for fragrance-free soap products has increased by 15% since 2018."

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Statistic 13

"Asia-Pacific is expected to witness the highest growth rate in the soap market over the next five years."

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Statistic 14

"40% of soap consumers prefer products with natural ingredients."

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Statistic 15

"The CAGR of solid soap products is predicted to be 3% from 2021 to 2025."

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Statistic 16

"Over 100,000 tons of soap are produced annually worldwide."

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Statistic 17

"The use of sustainable and recyclable packaging in the soap industry increased by 20% in 2020."

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Statistic 18

"75% of U.S. households purchased liquid hand soap in 2020."

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Statistic 19

"The men's grooming segment accounted for 20% of the soap industry's market share in 2020."

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Statistic 20

"The soap industry contributes to 15% of the revenue in the personal care market."

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