Press Release

India Soap Market to Grow with a CAGR of 7.1% through 2028

The India soap market is influenced by several key drivers, including rising awareness of hygiene and personal care, an expanding middle-class population, and market segmentation and product diversification.

 

According to the TechSci Research report, “India Soap Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2019-2029F”, the India Soap market stood at USD3.98 billion in 2023 and is anticipated to grow with a CAGR of 7.1% in the forecast period, 2025-2029. The India soap market is a dynamic and diverse industry that plays a fundamental role in the country's hygiene and personal care sector. Soap has been an integral part of Indian culture for centuries, and its usage transcends mere cleanliness, often symbolizing purity and well-being.

Soapmaking in India has a rich history dating back thousands of years. The country has long been recognized as a hub for producing a wide variety of soaps, ranging from traditional handmade formulations to modern mass-produced brands. The use of soap in India goes beyond personal hygiene; it is deeply ingrained in cultural and religious practices.

Historically, soap has played a significant role in rituals and ceremonies. In various Indian cultures, the act of washing hands and feet with soap before prayers or religious ceremonies is considered a sacred tradition, signifying purity and spiritual cleansing. This cultural significance continues to influence soap usage patterns in India.

 

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Bathing soaps are the most common type of soap and come in various formulations to cater to different skin types and preferences. These include beauty soaps, moisturizing soaps, medicated soaps, herbal soaps, and even specialized soaps for infants and sensitive skin.

 

Laundry soaps are designed for washing clothes and are available in various formats, including bar soaps and detergent cakes. These soaps are an essential part of Indian households, particularly in rural areas.

Liquid soaps and hand wash products have gained popularity, especially in urban areas. They are often seen as more convenient and hygienic, particularly in public places and healthcare settings.

 

India's rich tradition of Ayurveda has led to the production of Ayurvedic and herbal soaps, which emphasize natural ingredients and therapeutic properties.

Antibacterial soaps have witnessed increased demand, driven by concerns related to hygiene and the prevention of illnesses, particularly in the wake of the COVID-19 pandemic.

Transparent soaps, known for their clarity and unique appearance, have gained popularity among consumers looking for aesthetically pleasing options. Glycerin soaps, enriched with glycerin to moisturize the skin, are also sought after for their skincare benefits.

 Fragrance plays a significant role in soap selection, and many consumers prefer soaps with appealing scents. Aromatic and perfumed soaps cater to this preference.

 

There has been a growing demand for soaps made with natural and organic ingredients. Consumers are increasingly conscious of the chemicals they apply to their skin and prefer products with fewer synthetic additives. Additionally, the COVID-19 pandemic heightened awareness about health and hygiene, leading to increased demand for antibacterial soaps and products that offer protection against germs. Furthermore, many consumers view soap as a skincare product. As a result, there is a rising demand for soaps with added skincare benefits, such as moisturization, anti-aging properties, and blemish control.

The sensory experience of using soap, including its fragrance and appearance, has become a key factor in soap selection. Fragrant and aesthetically pleasing soaps are favored by consumers. Additionally, as environmental consciousness grows, consumers are seeking eco-friendly and sustainable soap options. This includes products with biodegradable packaging and those made using ethical and sustainable sourcing practices. Furthermore, personalization is becoming a trend in the soap market. Brands are offering customization options, allowing consumers to choose fragrances, ingredients, and even packaging to suit their preferences.

 

The India soap market is segmented based on product type, form, sales channel, and region.

Based on the product type, the market is segmented into bath soap, kitchen soap, medicated soap, laundry soap, and others. Among these, bath soap segment has a significant share in the India soap market during the forecast period. Bath soap is a daily necessity for most Indians, irrespective of their socio-economic background. It is an essential part of personal hygiene, making it a recurring purchase for individuals and households. The bath soap segment offers a wide variety of options to cater to diverse consumer preferences. These options include beauty soaps, moisturizing soaps, herbal soaps, fragrant soaps, medicated soaps, and more.

Based on region, the market is segmented into North, South, East, and West. Among these, the North region has a significant share of the India soap market during the forecast period. The northern region of India is known for its dense population, with states like Uttar Pradesh being among the most populous in the country. This high population density translates into a substantial consumer base with diverse soap preferences, contributing significantly to the soap market's size and growth.

 

Major companies operating in the India soap market are:

  • Godrej Consumer Products Limited
  • Hindustan Unilever Limited
  • Procter & Gamble Hygiene and Health Care
  • ITC Limited
  • Himalaya Wellness Company
  • Wipro Enterprises (P) Ltd
  • Reckitt Benckiser (India) Pvt. Ltd.
  • Jyothy Labs Limited
  • Patanjali Ayurved Limited
  • Cholayil Pvt. Ltd.  

 

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“The India soap market is a thriving and evolving industry influenced by changing consumer preferences, health and hygiene concerns, and sustainability considerations. As consumers continue to prioritize cleanliness, skincare, and eco-conscious choices, the soap market is poised to expand further and remain a vital component of the personal care and hygiene sector. Manufacturers and stakeholders should remain adaptable and responsive to changing consumer needs and market dynamics to maximize their presence in this dynamic and growing market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Soap Market By Product Type (Bath Soap, Kitchen Soap, Medicated Soap, Laundry Soap, Others), By Form (Solid, Liquid, and Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region, By Competition Forecast & Opportunities, 2019-2029F, has evaluated the future growth potential of the India soap market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of India soap globally.

 

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Website: https://www.techsciresearch.com

Relevant Reports

India Soap Market By Product Type (Bath Soap, Kitchen Soap, Medicated Soap, Laundry Soap, Others), By Form (Solid, Liquid, and Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region, By Competition Forecast & Opportunities, 2019-2029F

Consumer Goods and Retail | Sep, 2023

The India soap market is influenced by several key drivers, including rising awareness of hygiene and personal care, an expanding middle-class population, and market segmentation and product diversification.

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