Report ID: SQMIG30K2052
Report ID:
SQMIG30K2052 |
Region:
Global |
Published Date: May, 2024
Pages:
198
|
Tables:
93 |
Figures:
66
Global Household Care Market size was valued at USD 102.60 billion in 2022 and is poised to grow from USD 106.40 billion in 2023 to USD 142.29 billion by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).
The global household care market encompasses a broad range of products and services aimed at cleaning, maintaining, and enhancing various aspects of household life. This market includes items such as cleaning agents, laundry detergents, dishwashing products, air fresheners, and various other solutions designed to meet the needs of consumers in maintaining a clean and healthy home environment.
The global household care market is driven by a combination of health concerns, urbanization, changing lifestyles, environmental awareness, technological advancements, regulatory requirements, and consumer preferences. Companies that can innovate and adapt to these drivers are well-positioned to capitalize on the opportunities presented by this dynamic market. Heightened awareness of health risks associated with germs, bacteria, and viruses has led consumers to prioritize cleanliness in their homes. As more people move to urban areas, they are often living in smaller spaces near others. This can lead to higher exposure to germs and pollutants, driving the demand for household care products that effectively clean and sanitize living spaces. Busy modern lifestyles leave consumers with less time for household chores. As a result, there is a growing demand for convenient and time-saving cleaning solutions that allow consumers to maintain cleanliness with minimal effort. Companies that can innovate and adapt to these drivers are well-positioned to capitalize on the opportunities presented by this dynamic market.
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Report ID: SQMIG30K2052