The soap industry in the USA has maintained its leading position in the global market in terms of soap manufacturing and soap exports. Many major soap manufacturers from the USA are also some of the largest soap suppliers or top soap exporters in the global market. In the coming years, the soap industry in the USA is expected to continue its stable growth, mainly driven by the growing demand from cleansing, personal care, and cosmetic sectors, while business opportunities in the US soap market are also expected to flourish further.
Soap has long been one of the most common products in the global Fast-Moving Consumer Goods (FMCG) sector. Today, soap is still one of the most used cleansing items in every household around the world, leading to a huge demand increase in the global household market. Over the recent years, new soap market trends, such as the increase in the usage of liquid soap as well as the growing popularity of organic soap or handmade soap market. These new trends have once again created many new opportunities in this market. Major soap manufacturers around the world are also investing heavily in developing a new range of application concepts and soap products in bath and personal care sectors.
Global Soap Industry Statistics
According to recent studies done by聽Expert Market Research (EMR), the global soap market totalled a value of US$ 18 Billion in 2016 and the figure is expected to reach US$ 24 Billion by 2022. EMR also reports that the major factors that are currently driving the global soap market are growing population, increasing health awareness and rising levels of hygiene among consumers. Moreover, the new trends such as value-added soap products for cosmetic purposes, growing consumer preference for organic soap products, increasing disposable incomes and premiumization of the product are also facilitating the market to growth further.
In recent years, the organic soap market has emerged as one of the fastest growing segments in the global soap market. A recent report from TechSci Research suggests that the global organic soap market is projected to cross $ 206 million by the end of 2022. Factors like growing disposable income, increasing concerns among people regarding the harmful chemicals such as parabens and sulphates in synthetic soaps, and rising demand for organic soaps in emerging markets such as China and India are expected to drive the global organic soap market through 2022.
Soap Industry in the USA
The US soap industry is one of the largest in the world, representing a leading position in the global soap production, soap exports and soap consumption. The soap industry in the USA generates about $25 billion revenues annually and its soap manufacturing industry includes about 630 establishments (single-location companies and units of multi-location companies), reported by First Research. Major soap manufacturers in the USA include: Church & Dwight, Colgate-Palmolive, Ecolab, and Procter & Gamble.
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When it comes to the soap export, the USA is also one of the top leaders in the global market. According the latest statistics from ITC (International Trading Centre), the USA exported over US$ 923.4 thousand worth of soap products in 2016, representing nearly 10% of the world鈥檚 total soap exports in that year, making the USA the world鈥檚 second largest soap exporter behind Germany. Most of the USA鈥檚 soap products are shipped to its neighbouring countries including Canada and Mexico, while emerging markets in Asia 鈥� such as China, Japan and South Korea 鈥� are some of the largest importers for soaps from the USA.
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