The Market value (retail sales value) of the Global Soap Industry attained a value of USD 22,157.24 Millions in 2020
The Industry recorded a historical growth (CAGR) of 2.68 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global soap industry recorded a mid-single digit YoY growth in 2020, and a mid-single digit Compound Annual Growth Rate (CAGR) between 2017-20.
Unilever, Colgate-Palmolive Company, Procter & Gamble, Henkel AG & Co KGaA, and Reckitt Benckiser Group plc held the top five leading market positions in the global soap industry. The top five players held a significant market share in the global soap industry in 2020.
Dove, Lux, Lifebuoy, Palmolive, and Dettol were the leading brands in the soap industry.
Soap includes bar soap, and liquid soap. Unilever leads the global soap industry
Unilever was the leading company (by value) in the global soap market in 2020, with more than 35 brands under its trademark. The top three global soap brands (by value), Dove, Lux, and Lifebuoy operate under the trademark of Unilever. Dove was the biggest contributor to the company’s global soap sales.
Colgate-Palmolive Company ranked second in the global soap industry
Colgate-Palmolive Company was the second largest company (by value) in the global soap market in 2020. Palmolive, Protex, Irish Spring, Soft Soap and Sanex are some of the prominent brands selling soap products under the trademark of Colgate-Palmolive Company. Among the brands owned by Colgate-Palmolive Company, Palmolive contributed maximum sales by value.
The other leading market positions in the global soap market were held by Procter & Gamble, Henkel AG & Co KGaA, and Reckitt Benckiser Group plc
Procter & Gamble, Henkel AG & Co KGaA, and Reckitt Benckiser Group plc were among some of the other prominent companies in the global soap market, owning major brands like Safeguard, Dial, and Dettol, respectively.
Market Fragmentation: The top three companies together accounted for more than a third of the global soap market (by value) in 2020.
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