Home Care Ingredients Market Size by Revenue to Reach USD 32.51 Billion by 2026 - Arizton

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Dec 07, 2021, 13:00 ET

CHICAGO, Dec. 7, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global home care ingredients market report.

The home care ingredients market is expected to grow at a CAGR of 5.95% during the period 2020−2026.

Key Highlights Offered in the Report:

Home care ingredient manufacturers have immense opportunity across the globe due to the growing population, increasing spending, urbanization, and the growing awareness about the hygiene and cleanliness among people due to the outbreak of coronavirus pandemic and several diseases in the past.
The major changes happening in the home care ingredient industry is the growing adoption for ecofriendly chemicals due to the growing awareness about the detrimental effect of chemical on health as well as on the environment.
Surfactant accounts for the highest share in the home care ingredient market. The prime reason behind its growth is the increasing demand from fabric cleaner, laundry care, dishwash products, and hard surface cleaner products. As surfactant are very effective in removing dust, stain, and other suspended particles.
The laundry care industry made the highest contribution to the home care ingredient market in terms of both revenue and demand.
APAC is the leading market for home care ingredient and is expected to grow at a 6.24% CAGR between 2020 and 2026.
Global vendors with their huge infrastructure and R&D support are rapidly expanding their footprint in the market. Thus, regional vendors find it increasingly difficult to compete in terms of reliability, technology, and price.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by ingredients, distribution channel, end-use, and geography
Competitive Landscape – 5 key vendors and 19 other vendors

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Home Care Ingredients Market – Segmentation

With a high rate of technology adoption and the availability of the internet across geographies, prominent vendors in the home care ingredients market are seizing this opportunity to promote and sell their products via the online distribution channel.
Within the home care ingredients market, surfactants are the dominating product, accounting for 75.66% of the market share in 2020. In the past years, surfactants were made only from non-renewable ingredients such as petrochemicals. However, with the increasing demand for high-quality and skin-friendly products, the demand for bio-based surfactants.
Laundry care is the dominating segment in the home care ingredients market, with a share of 72.04% in 2020. Solvay, is one of the leading home care ingredient vendors, is successfully offering natural surfactants for fabric care that deliver the impressive performance of synthetic surfactants without harming the environment.

Home Care Ingredients Market by Ingredients

Surfactant
Polymer
Enzyme
Fragrance
Others

Home Care Ingredients Market by Distribution Channel

Online
Offline

Home Care Ingredients Market by End-Use

Laundry Care
Dish Wash
Hard Surface Cleaner
Others

Home Care Ingredients Market – Dynamics

The substantial investments by the government in urban real estate are contributing to the rapid growth of the home care ingredients market. Procter & Gamble, Unilever, and Reckitt, among others, buy the cleaning ingredients in bulk, and generally, these FMCG companies have well-established business terms with their suppliers, thereby, fueling their growth in the market. Laundry care is the biggest sub-segment and will continue to grow due to the increasing hygiene concerns among consumers accompanied by the outbreak of COVID-19, which has triggered the sales of laundry detergents massively. The present scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence. Companies are concentrating on delivering environment-friendly products with low or no VOC content to increase their footprint in the market.

Key Drivers and Trends fueling Market Growth:

Growing Demand for Organic & Sustainable Ingredients
High Consumption Base in APAC
Rising Health & Hygiene Awareness Among Consumers
Increasing Penetration of Digitalization

Home Care Ingredients Market – Geography

The US and Canada are the major countries in the home care market which is, driving the demand in North America. With several projects under the pipeline for residentials & non-residentials, the demand for green houses and government investments in the construction of non-residential projects are expected to boost the demand for home care products, which, in turn, will drive the market for home care ingredients during the forecast period. Moreover, the "Make in India" initiative and the recently launched campaign "Vocal for Local" are expected to add momentum to the emergence of India as a leading market for home care ingredients in APAC region. Players in home care ingredients are shifting their production bases to APAC due to stringent regulation norms in Europe and North America. Medical tourism is accelerating rapidly which is creating significant opportunities for the vendors in the home care ingredients market.

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Home Care Ingredients by Geography

North America

US
Canada

Europe

Germany
UK
France
Italy
Spain

APAC

China
India
Japan
Indonesia
Australia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

Saudi Arabia
South Africa
UAE

Key Vendors

BASF
DOW
Evonik Industries
Clariant
Arkema

Other Prominent Vendors

Angus Chemical Company
Lonza group ltd
The Lubrizol Corporation
Solvay Chemicals
Croda International Plc
Huntsman International
Univar Solutions
Ashland
Nouryon
Wacker Chemie AG
Innospec
Stepan Company
Corbion
Oxiteno
Galaxy Surfactants
Givaudan
Colonial Chemical
Alzo International Inc
Aarti Surfactant

Explore our health and wellness profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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SOURCE Arizton Advisory & Intelligence