Dishwashing Products Market: Growth Trends and Revenue Expectation for 2032 - 4 minutes read
The global dishwashing products market size was valued at USD 39.78 billion in 2023. The market is anticipated to expand from USD 41.76 billion in 2024 to USD 60.27 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period of 2024-2032.
Essential for kitchen cleanliness, dishwashing products, including detergents, scouring pads, and wipes, ensure effective removal of grease and stains, promoting a hygienic environment for kitchenware. The increasing demand for kitchen utensils, cookware, and dish plates among households is a key factor propelling the market, as evidenced by Groupe SEB's significant 9.1% quarterly increase in net sales in Q3 2021.
The increased inclination towards purchasing dish cleaning products in bulk during COVID-19 lockdowns globally elevated product consumption, mitigating concerns of shortages amidst pandemic-related restrictions.
Fortune Business Insights™ provides this information in its research report, titled “Dishwashing Products Market, 2024-2032”.
Information Source: https://www.fortunebusinessinsights.com/dishwashing-products-market-104268
Top Companies Covered in the Dishwashing Products Market:
- The Procter & Gamble Company (U.S.)
- Unilever plc. (U.K.)
- Henkel AG & Co. KGaA (Germany)
- Reckitt Benckiser Group Plc. (U.K.)
- Colgate-Palmolive Company (U.S.)
- Amway Corporation (U.S.)
- Ecolab Inc. (U.S.)
- Jyothy Labs Limited (India)
- McBride (U.K.)
- 3M (U.S.)
Segmentation:
Ancillary Segment Holds a Major Market Share owing to the Rising Demand from the Restaurant Industry
In terms of product types such as ancillary products and dishwashing detergent. Ancillary products include brushes, sink cleaners, rinsing aids, scrubbers, wipes, and scouring pads. The ancillary products segment captures a major dishwashing products market share. This is driven by the high demand for brushes, scrubbers, and rinsing aids in restaurant settings.
Residential Segment Secures a Major Market Share owing to Priority for Household Cleaniliness
In terms of applications, the market is segmented into residential and commercial. The residential segment captures a major market share. The is driven by the significant demand for detergents as households prioritize cleanliness.
Hypermarkets & Supermarkets Segment Dominates Owing to Diverse Cleaning Supplies Availability
In terms of distribution channel, the market is segmented into hypermarkets & supermarkets, convenience stores, online channels, and others. The hypermarkets & supermarkets segment captures the key market share. The segment witnesses substantial growth as these outlets offer a wide range of cleaning supplies, meeting diverse consumer needs and preferences, fostering market dominance.
In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The dishwashing products market research report thoroughly analyzes product types, application areas, distribution channels, and leading companies, offering insights into current market trends and highlighting significant industry developments.
Drivers and Restraints:
Rise in Smart Dishwasher Adoption to Spur Market Growth
The proliferation of smart homes and the consequent rise in smart dishwasher installations are key drivers amplifying the demand for advanced dishwashing products. Moreover, the increased adoption of rinsing aids by foodservice outlets is a pivotal factor propelling market growth.
However, skin allergies and infections arising from counterfeit dishwashing products may impede dishwashing products market growth.
Regional Insights:
Asia Pacific Registers the Major Market Share Owing to Increasing Awareness in Kitchen Hygiene
Asia Pacific region secures a majority market share. Rising awareness for kitchen hygiene in India and Southeast Asia propels the market's expansion in the Asia Pacific region.
North America exhibits growth with higher consumer demand for eco-friendly household cleaning products, particularly in the U.S. and Canada.
Competitive Landscape:
Key Industry Participants Focus on Increasing Manufacturing Capacities to Boost their Product Portfolio
Major players are increasing manufacturing capacities for dishwashing and laundry detergents to address consumer demand and facilitate robust sales initiatives. Colgate Palmolive Co. and other industry leaders are embracing environmentally conscious practices, exemplified by products such as the Palmolive Ultra dish soap bottle crafted from 100% post-consumer recycled plastic. This contributes significantly to reducing plastic waste in U.S. and Canadian landfills.
Key Industry Development:
January 2022- Unilever Plc. collaborated with Evonik Industries AG, a German specialty chemicals company, leveraging the partner's rhamnolipids for the production of hand dishwashing liquid for home care applications.