According to this latest report, ‘Global Home Care Market Report and Forecast 2021-2026’, the global home care market attained a value of USD 95 billion in 2020. Aided by the rising on sanitation and aesthetics, the market is projected to further grow at a CAGR of 4.5% between 2021 and 2026.
Home care is defined as the care given to the house via the use of various home care items. These products are intended to sanitise the home and rid it of any disease-causing organisms. Furthermore, home care products aid in the upkeep of the interior of a home or commercial facility. The market is being pushed by an increasing emphasis on hygiene and sanitation within the home in order to keep the family free of illness or disease. The growing population and expanding spending power of the middle class, particularly in emerging economies, are also providing significant impetus to the industry growth.
The home care market is predicted to be driven by manufacturers' increasing R&D activity to lower costs and improve product efficacy. The introduction of new items is projected to augment the market growth during the predicted period. Home care products could also help to lower hospitalisation and readmission rates while saving money. The active branding and marketing, as well as effective advertising, are projected to propel the demand for a variety of bathroom cleaners, odour control products, and carpet cleaners, among others, leading to segment growth. The rising trend of e-commerce is expected to boost market growth throughout the forecast period. This is due to the tempting discounts and ease of delivery provided by the major e-commerce sites. Rapid digitalisation and increasing penetration of electronic devices in emerging markets are predicted to augment the demand for home care products via e-commerce websites.
Market Segmentation
The market report analyses the market based on segmentations such as product, distribution channel, and major region.
Market Breakup by Product
Market Segmentation by Distribution Channel
Market Breakup by Region
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
Home care is defined as the care given to the house via the use of various home care items. These products are intended to sanitise the home and rid it of any disease-causing organisms. Furthermore, home care products aid in the upkeep of the interior of a home or commercial facility. The market is being pushed by an increasing emphasis on hygiene and sanitation within the home in order to keep the family free of illness or disease. The growing population and expanding spending power of the middle class, particularly in emerging economies, are also providing significant impetus to the industry growth.
The home care market is predicted to be driven by manufacturers' increasing R&D activity to lower costs and improve product efficacy. The introduction of new items is projected to augment the market growth during the predicted period. Home care products could also help to lower hospitalisation and readmission rates while saving money. The active branding and marketing, as well as effective advertising, are projected to propel the demand for a variety of bathroom cleaners, odour control products, and carpet cleaners, among others, leading to segment growth. The rising trend of e-commerce is expected to boost market growth throughout the forecast period. This is due to the tempting discounts and ease of delivery provided by the major e-commerce sites. Rapid digitalisation and increasing penetration of electronic devices in emerging markets are predicted to augment the demand for home care products via e-commerce websites.
Market Segmentation
The market report analyses the market based on segmentations such as product, distribution channel, and major region.
Market Breakup by Product
- Kitchen Care
- Dishwash Detergent
- Rinse Aid
- Degreaser
- Oven and Grill Cleaner
- Fresh Produce Wash
- Others
- Household Care
- Odour Control
- Mattress Cleaner
- Carpet Cleaner
- Others
- Bathroom Care
- Descaler
- Bathroom Cleaner
- Others
- Laundry Care
- Liquid Laundry Detergent
- Stain Remover
- Others
Market Segmentation by Distribution Channel
- Supermarket and Hypermarket
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
- Unilever Plc
- The Procter & Gamble Company
- Henkel AG & Co. KGaA
- Kao Corporation
- S.C. Johnson & Sons Inc.
- Natures Organics Pty Ltd
- George Weston Foods Limited
- Saraya Goodmaid Sdn. Bhd.
- Others
Frequently Asked Questions about the Global Home Care Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 315 |
| Published | June 2021 |
| Forecast Period | 2016 - 2026 |
| Estimated Market Value ( USD | $ 79797 Million |
| Forecasted Market Value ( USD | $ 118037 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis13 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Home Care Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- Unilever Plc
- The Procter & Gamble Company
- Henkel AG & Co. KGaA
- Kao Corporation
- S.C. Johnson & Sons Inc.
- Natures Organics Pty Ltd
- George Weston Foods Limited
- Saraya Goodmaid Sdn. Bhd.
Methodology
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