Market Size of Latin America Professional Liquid Soap Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 14.07 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Latin America Professional Liquid Soap Market Analysis
Latin America professional liquid soap market is projected to grow at a CAGR of 14.07% during the forecast period (2020-2025).
- The demand for professional liquid soap is attributed to increasing consumer awareness towards health and hygiene practices and rapid penetration in the market. Consumers are rapidly adopting liquid pouch solutions, owing to their ease and convenience. These products are popular as anti-bacterial soaps, which have a major impact on increasing penetration and adoption among consumers.
- Furthermore, consumers are rapidly moving towards refill pouch solutions as they are less expensive than plastic bottles and can be easily disposed. Additionally, increasing investments into marketing and branding initiatives is likely to boost the liquid hand soap market share.
- Key market players like Colgate are rapidly investing into new products with antimicrobial properties in order to capitalize on emerging trends in the market. Moreover, a rapid shift in demand for soaps with antimicrobial ingredients solutions due to increasing cases of COVID-19 is further expected to boost demand for the liquid soap market.
Latin America Professional Liquid Soap Industry Segmentation
The market studied is segmented by distribution channel, and country. Based on distribution channel, the market studied is segmented into online channels, and offline channels. Similarly, based on country, the market studied is segmented into Mexico, Brazil, Argentina, Chile, Colombia, and rest of Latin American countries.
Latin America Professional Liquid Soap Market Size Summary
The Latin America professional liquid soap market is experiencing significant growth, driven by heightened consumer awareness of health and hygiene practices. The market is witnessing a shift towards liquid pouch solutions, which offer convenience and cost-effectiveness compared to traditional plastic bottles. This trend is further bolstered by the popularity of anti-bacterial soaps, which are gaining traction among consumers. Key players in the market, such as Colgate, are investing in products with antimicrobial properties to leverage emerging trends. The demand for refill pouch solutions is also on the rise, as they are more economical and environmentally friendly. Additionally, increased marketing and branding efforts are expected to enhance the market share of liquid hand soaps. The COVID-19 pandemic has accelerated the demand for soaps with antimicrobial ingredients, further propelling market growth.
The market for liquid organic soap in Latin America is seeing a surge in demand for natural and clean-label products, as consumers become more aware of the adverse effects of certain chemicals in personal care products. This has led to a preference for safe, natural, and cruelty-free bath products, with ingredients like milk, yoghurt, nuts, and essential oils gaining popularity. Brands are responding to this trend with new product launches, catering to the growing consumer demand for natural ingredients. The market is highly competitive, with major players like Kimberly-Clark Corporation, Henkel Corporation, and GOJO Industries Inc. dominating the market. These companies are expanding their product offerings to meet the needs of the hospitality, restaurant, and food and beverage industries in countries like Mexico and Brazil. The fragmented nature of the market presents opportunities for both domestic and international companies to capture market share by targeting various consumer segments and expanding their product lines.
Latin America Professional Liquid Soap Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Distribution Channel
-
2.1.1 Offline Retail
-
2.1.2 Online Retail
-
-
2.2 By Country
-
2.2.1 Mexico
-
2.2.2 Brazil
-
2.2.3 Argentina
-
2.2.4 Chile
-
2.2.5 Colombia
-
2.2.6 Rest of Latin America
-
-
Latin America Professional Liquid Soap Market Size FAQs
What is the current Latin America Professional Liquid Soap Market size?
The Latin America Professional Liquid Soap Market is projected to register a CAGR of 14.07% during the forecast period (2024-2029)
Who are the key players in Latin America Professional Liquid Soap Market?
Kimberly-Clark Corporation, GOJO Industries Inc. , Henkel Corporation, Colgate-Palmolive Company and Prolimp del Centro SA de CV are the major companies operating in the Latin America Professional Liquid Soap Market.
