The Asia Pacific Antibacterial Soap Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Hands and body are cleaned and disinfected with antibacterial soap. There is an increase in the incidence of infectious diseases, a rise in health-conscious consumers, and more awareness about the health benefits of using antibacterial soaps. As per the Centers for Disease Control and Prevention (CDC), maintaining good cleanliness will help consumer save money on medical bills. Hand washing reduces the incidence of respiratory illnesses in the general population. In addition, hand washing with soap and water, as per the Centers for Disease Control and Prevention (CDC), can cut diarrhoea-related fatalities by half. During the projection period, the antibacterial soap market will rise due to government, school, and NGO activities, as well as numerous manufacturer promotions to raise awareness about personal hygiene and hand washing.
Increased literacy in the region is also projected to increase people’s awareness of the necessity of cleanliness, resulting in surge product demand. In addition, companies like Unilever and UNICEF have started ’hand washing with lubricating and cleansing goods’ programs in rural parts of nations like India to raise sanitation awareness, which is increasing product demand. According to data issued by the United Nations Children’s Fund (UNICEF) on hygiene in June 2019, roughly 58 percent of central and southern Asian countries have basic access to hand washing with soap and water in public places such as schools. In addition, rising urbanization and changes in lifestyle are boosting the market growth.
The China market dominated the Asia Pacific Antibacterial Soap Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $522.5 million by 2028. The Japan market is poised to grow at a CAGR of 6.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 7.8% during (2022 - 2028).
Based on Application, the market is segmented into Hand wash and Body wash. Based on Form, the market is segmented into Liquid, Powder, and Bar. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Pharmacy stores, Online Sales, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reckitt Benckiser Group PLC, 3M Company, Unilever PLC, Godrej Group (Godrej Consumer Products Limited), Henkel AG & Company, KGaA, Johnson & Johnson (Johnson & Johnson Services, Inc.), The Procter and Gamble Company, Amway Corporation, and Vi-Jon, Inc.
Scope of the Study
Market Segments covered in the Report:
• Hand wash
• Body wash
By Distribution Channel
• Supermarket & Hypermarket
• Pharmacy stores
• Online Sales
• South Korea
• Rest of Asia Pacific
• Reckitt Benckiser Group PLC
• 3M Company
• Unilever PLC
• Godrej Group (Godrej Consumer Products Limited)
• Henkel AG & Company, KGaA
• Johnson & Johnson (Johnson & Johnson Services, Inc.)
• The Procter and Gamble Company
• Amway Corporation
• Vi-Jon, Inc.
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