Latin America Bar Soap Market Size & Outlook, 2022-2030
Latin America bar soap market, 2017-2030 (US$M)
Related Markets
Latin America bar soap market highlights
- The Latin America bar soap market generated a revenue of USD 2,522.6 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating type in 2022.
- Organic is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,522.6 million |
| Market revenue in 2030 | USD 3,570.0 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Organic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Synthetic |
| Key market players worldwide | Unilever PLC, Natura &Co Holding SA ADR, Johnson & Johnson, Colgate-Palmolive Co, Lush Retail Environments, Ethique, Chagrin Valley Soap & Salve, Galderma, Dr. Bronner's |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.4% of the global bar soap market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,427.6 million by 2030.
Synthetic was the largest segment with a revenue share of 92.29% in 2022. Horizon Databook has segmented the Latin America bar soap market based on organic, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Bar soap's popularity in Central and South America can be attributed to multiple factors. The region's warm climate and tropical conditions lead to a greater need for regular hygiene, making bar soap a practical choice. Additionally, its affordability and widespread availability compared to liquid soap options makes it a preferred option for many consumers.
The region's demand for all-natural, safe, and clean formulations in products and soaps is driven by consumers' growing awareness and preference for eco-friendly and health-conscious options. They seek products that align with their desire for sustainable and responsible choices, promoting a healthier lifestyle and supporting the environment.
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Bar Soap Market Scope
Bar Soap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America bar soap market size, by country, 2017-2030 (US$M)
Latin America Bar Soap Market Outlook Share, 2022 & 2030 (US$M)
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