DUBLIN–(BUSINESS WIRE)–The “India Bathing Soap Market Overview, 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
This report focuses on all the segments in bathing soap along with its historical and forecasted value, details of all top profiled companies present in this segment of the market.
The report provides an all-round analysis of India’s bathing soap market. Indian people prefer bathing soaps as it has been traditionally used among millions of consumers. The market for traditional bathing soap is considered mature, while the market for newer bath products and natural and anti-bacterial soaps presents significant growth potential.
Traditional bathing soap and bath product companies are striving to meet the need of these new types of consumers. Bathing soap retailers that are previously resided firmly in niche markets are rapidly moving to the forefront of the soap and bath products industry. Companies have been rolling out the products with cheap price value is attracting the largest consumer base especially the rural regions.
Bathing soap products is a prominent segment of countries’ overall bathing products market. The market has been segmented in various ranges of soap types like premium, Standard, Herbal, Deo and Baby soaps. Due to this varied range of products the market has been growing leaps and bounds and further expected to show healthy and positive growth with an Expected CAGR of above 7% in the coming years. In the last couple of years bathing soap, the market has got a boost with the government of India’s swachh Bharat mission. Every soap maker in the country has gained from the initiative and encroached on the category to capitalize on growth current market scenario.
Brands like Dettol have actively participated in the initiative by making the rural peoples aware of their range of cheap products. The bathing soap products have their availability in pan India irrespective of urban or rural and have flexible pricing which ranges from as low as Rs 10/piece, Rs 11/piece – Rs 20/piece to more than Rs 100/piece.
Such reasons have played a huge role in increasing the adaption of products. Another reason for its adaption is that bathing soaps are distributed widely through the general retail stores as such products are easy to afford and have high availability. Standard soap segment dominates the market as these soaps are of the lowest price range which values not more than Rs 20 – 24/piece Lifebuoy, santoor, lux, etc are some of the prominent brands in this category.
Whereas the market has the fastest growing product in the form of baby soaps such as Johnson & Johnson, Himalaya with a CAGR of over 18%. To attract more sets of consumers the companies have been manufacturing the soap products with a range of fragrances such as Lemon, sandal, glycerine, menthol, rose, lavender, etc.
Major Companies And Their Brands
Considered in this report:
Aspects Covered in this report:
Segment Covered In the report:
For more information about this report visit https://www.researchandmarkets.com/r/jfi22t
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