Homecare Ingredients Market
Description
Homecare Ingredients Market, By Type (Surfactants, Polymers, Enzyme, Fragrance), By Application (Laundry Detergents, Dish Wash, Toilet Care, Surface Cleaners, Others (Air Care, Home Insecticides, and Others)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
The growth of the Global homecare ingredients market is attributed to rising living standards, growing disposable income, rapid urbanization, and substantial investments by governments. Moreover, the home care industry is governed by regulatory agencies, with increasing demand for cleaning products, which drives the growth of the global homecare ingredients market.Market Dynamics
Homecare ingredients are widely used in products such as floor cleaners, toilet cleaners, surfactants, and others. These products are used to maintain a healthy lifestyle by preventing infectious diseases and controlling allergens.
Consumers prefer homecare products for everyday use like liquid detergent, dish wash gel, and they are considered as essential products. An increase in household expenditure is expected to drive the market growth due to the growing need for homecare products. This factor is attributed to the increasing online sales of household cleaning products, increasing number of houses, and the rising disposable income. For instance, according to data published in April 2022 by the Organisation for Economic Co-operation and Development, household spending in Canada increased from US$ 953.71 billion in 2020 to US$ 1,026.02 billion in 2021. Similarly, according to the World Bank, the final consumption expenditure for homecare product in India grew from US$ 1.94 trillion in 2020 to US$ 2.24 trillion in 2021.The significant increase in household expenditure around the world is expected to drive the global homecare ingredients market growth.
Key features of the study:
- This report provides an in-depth analysis of the global homecare ingredients market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global homecare ingredients market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study include Aarti Surfactants, Akzo Nobel N.V., Antozyme Biotech Pvt Ltd, ARC Surfactants, Ashland, BASF SE, Behn Meyer, Cargill, Incorporated, Clarient, Croda International Plc, and DuPont Nutrition & Biosciences
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global homecare ingredients market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global homecare ingredients market
- Global Homecare Ingredients Market, By Type:
- Surfactants
- Polymers
- Enzymes
- Fragrances
- Others
- Global Homecare Ingredients Market, By Application:
- Laundry Detergents
- Dish Wash
- Toilet Care
- Surface Cleaners
- Others (Air Care, Home Insecticides, and Others)
- Global Homecare Ingredients Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Aarti Surfactants
- Akzo Nobel N.V.
- Antozyme Biotech Pvt Ltd
- ARC Surfactants
- Ashland
- BASF SE
- Behn Meyer
- Cargill, Incorporated
- Clarient
- Croda International Plc
- DuPont Nutrition & Biosciences
Table of Contents
140 Pages
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