Soap and Bath Products Market Research Reports, Analysis & Trends
Soap is a salt of a fatty acid. They are mainly used as surfactants for washing, bathing, and cleaning, but they are also used in textile spinning and are important components of lubricants. For cleansing purpose, soaps are obtained by treating vegetable or animal oils and fats with a strongly alkaline solution. Soaps are key components of most lubricating greases, which are usually emulsions of calcium soap or lithium soaps and mineral oil. A liquid soap works better for more traditional washing methods.
The main area of concern for the soap and bath products industry is into manufacturing, distribution, and retailing of soap and other bathing products such as shower gels, bath salts, bubble bath, bath oils, etc. Nowadays, consumers in the soap and bath products industry are focusing mostly on the scent and moisturizing capabilities of a product that they want to purchase.
The market for traditional bar soaps is considered established, while the markets for newer bath products and natural and antibacterial soaps presents opportunity for growth in the soap and bath products industry. Due to which, the established soap and bath product companies are striving to meet the needs of this new type of consumer, and soap and bath retailers that previously resided firmly in the niche markets who are rapidly moving to the forefront of the soap and bath products industry.
The demand in the soap and bath product industry is mainly because of soap products manufactured for older people and for children.
Soap and Bath Industry Current Trends
As per the reports, the US soap and detergent manufacturing industry includes about 650 companies with combined annual revenue of about $27 billion and the output of US soap and cleaner manufacturing is forecast to grow at a low rate in the next two years and pricing pressures will be a challenge for the industry.
Major Soap and Bath Industry Players
Some of the major soap and bath products manufacturers are Colgate-Palmolive Company, Johnson & Johnson Services Inc, and Procter & Gamble Co. etc.