The Market value (retail sales value) of Soap Industry in China attained a value of USD 2,288.35 Millions in 2020
The Industry recorded a historical growth (CAGR) of 5.13% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The soap industry in China recorded a high-single digit YoY growth in 2020, and a mid-single digit Compound Annual Growth Rate (CAGR) between 2017-20.
Procter & Gamble, Unilever, Chengdu Qi Xiang Foodstuff Processing Co Ltd, Nike Inc, and Shenzhen Ninta Industrial Co Ltd held the top five leading market positions in the soap industry in China. The top five players held a significant market share in the soap market in China in 2020.
Safeguard, Lux, Chengdu Qi Xiang, Nice, and Luolan were the leading brands in the soap industry.
Soap includes bar soap, and liquid soap.
Procter & Gamble leads the soap industry in China in 2020
Procter & Gamble was the leading company (by value) in the Chinese soap market in 2020. Safeguard, Olay, and Camay are some of the prominent brands selling soap products in China under the trademark of Procter & Gamble. Among the brands, Safeguard contributed maximum sales by value.
Unilever ranked second in the soap industry in China
Unilever was the second largest company (by value) in the Chinese soap market in 2020. Lux was the biggest contributor to the company’s soap sales in China. Dove, and Hazeline are some of the other brands under the trademark of Unilever.
The other leading market positions in soap market in China were held by Chengdu Qi Xiang Foodstuff Processing Co Ltd, Nike Inc, and Shenzhen Ninta Industrial Co Ltd
Chengdu Qi Xiang Foodstuff Processing Co Ltd, Nike Inc, and Shenzhen Ninta Industrial Co Ltd were among some of the other prominent companies in the Chinese soap market, owning popular brands like Chengdu Qi Xiang, Nice, and Luolan, respectively, selling soap products.
Market Fragmentation: The top two market players accounted for more than a quarter of the soap market (by value) in China in 2020
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