USD 9.58 billion
Latin America Detergent Market Size, Share, Growth Analysis, By Product Type(Laundry detergent, household & kitchen detergent and others), By Application(Residential, commercial and industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR30K2049 |
Region:
Regional |
Published Date: March, 2024
Pages:
198
|Tables:
61
|Figures:
75
Latin America Detergent Market Insights
Latin America Detergent Market size was valued at USD 9.58 billion in 2021 and is poised to grow from USD 10.09 billion in 2022 to USD 15.25 billion by 2030, at a CAGR of 5.3% during the forecast period (2023-2030).
Latin America detergent market has seen significant growth in recent years, driven by a growing population, rising disposable income levels, and increasing awareness of hygiene and cleanliness. In this market, manufacturers compete to provide consumers with a wide range of laundry detergents, dishwashing detergents, and other cleaning products that meet their needs and preferences. The market aims to provide consumers with high-quality cleaning products that are effective, affordable, and safe to use. As more consumers in the region adopt modern cleaning habits and seek out specialised cleaning products, the demand for detergents is expected to continue to rise. One of the key drivers of the market growth is the region's growing population. As more people move into urban areas and disposable income levels rise, the demand for cleaning products is increasing.
In addition, rising awareness of hygiene and cleanliness also drives demand for detergents and other cleaning products. One of the main restraints is the high level of competition among manufacturers. In order to stay competitive, companies must continually innovate and develop new products that meet the consumers' changing needs and preferences. Despite these challenges, many key trends and opportunities exist in the market. For example, there is a growing demand for eco-friendly and sustainable cleaning products that use natural and biodegradable ingredients. Additionally, manufacturers are developing new products and packaging options that are more convenient and easier to use, such as single-use pods and refillable containers.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Laundry detergent
Fastest Growth
Laundry detergent
Growth Rate
5.3% CAGR
Latin America Detergent Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Latin America Detergent Market Segmental Analysis
Latin America Detergent Market is segmented on the basis of product type, application and region. By product type, the Latin America Detergent Market is segmented into laundry detergent, household & kitchen detergent and others. By application, the Latin America Detergent Market is segmented into commercial, residential and industrial. By region, the Latin America Detergent Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Latin America Detergent Market Analysis by Product Type
The laundry detergent segment dominated the Latin America detergent market in 2021. This can be attributed to the increasing penetration of washing machines, which offer convenience and ease of laundry. Laundry detergents are widely used to impart resiliency to fabrics, softness, and good water dispersibility, making them a popular choice among consumers. Furthermore, rising awareness among consumers regarding cleanliness and hygiene is poised to fuel the demand for laundry detergents in the region. As people become more aware of the benefits of maintaining cleanliness and hygiene, they are more likely to purchase laundry detergents to keep their clothes clean and fresh.
The household & kitchen detergent segment is also expected to grow rapidly over the forecast period. This segment includes dishwashing detergents, floor cleaners, and toilet cleaners. The increasing number of households with modern appliances such as dishwashers, and growing awareness about maintaining hygiene and cleanliness in the kitchen and household spaces, are driving the growth of this segment.
Latin America Detergent Market Analysis by Application
The residential application segment dominated the market. This can be attributed to the rising adoption of washing machines in households across the region, leading to increased demand for detergents in the residential sector. The growth of the market can also be attributed to the rising disposable income levels, especially in countries such as Mexico, Argentina, and Colombia. The rapid urbanization in these countries is further augmenting the sales of washing machines, which in turn is fueling the demand for detergents. Moreover, the increasing concern among consumers regarding infectious diseases is leading to the adoption of healthier lifestyle practices, which includes the use of homecare and hygiene products such as detergents. This trend is expected to drive the demand for detergents in residential applications. Furthermore, the rising commercial use of household cleaners like surface deodorizers and fabric softeners/conditioners is projected to fuel the demand for these products in residential applications.
The industrial segment is expected to grow fastest due to the increasing demand for detergents in industrial applications such as textile manufacturing, metalworking, and automotive industries. The rising industrialization in the region has created a demand for cleaning products, including detergents, to maintain cleanliness and hygiene in various industries.
Latin America Detergent Market Size By Product Type 2022 (%)
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Latin America Detergent Market Regional Insights
Brazil and Mexico are two of the most important and influential countries in the Latin America region, and they also happen to be key players in the detergent market. Brazil is the largest detergent market in Latin America, while Mexico is the fastest-growing market. Brazil's dominance in the market is due to various factors, including its large population of over 200 million people. As disposable income levels rise and consumers become more aware of the importance of hygiene and cleanliness, the demand for laundry detergents, dishwashing detergents, and other cleaning products has increased significantly. This has led to a surge in sales of detergents and other household cleaning products in Brazil. In addition, the country's rapidly growing middle class has also contributed to the growth of the detergent market, as these consumers seek out higher-quality and more specialized products.
Mexico's detergent market is expected to experience the fastest growth in the region due to its large and growing population of over 120 million people. Rising disposable income levels have led to increased consumer spending on convenience products, including laundry and dishwashing detergents. As more households in Mexico adopt modern cleaning habits, the demand for detergents is expected to increase even further. In addition, the growing trend of urbanization in Mexico is leading to smaller living spaces and more apartment living, which is driving demand for smaller and more convenient packaging options.
Both Brazil and Mexico are also attracting significant investment from players in the detergent market. Multinational companies like Procter & Gamble, Unilever, and Colgate-Palmolive are expanding their operations in these countries in order to tap into the growing consumer demand for cleaning products. These companies are also developing new products and marketing campaigns specifically tailored to consumers' needs and preferences in Brazil and Mexico.
Latin America Detergent Market Size By Geography, 2022-2030
- Largest
- Fastest
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Latin America Detergent Market Dynamics
Latin America Detergent Market Drivers
Growing population
- The Latin America region has a large and growing population, which is driving demand for household cleaning products, including detergents.
Urbanization
- As more people move from rural to urban areas in the Latin America region, the demand for convenience products such as laundry detergents and dishwashing detergents is increasing.
Rising disposable income
- As disposable income levels increase in the Latin America region, consumers are able to spend more on household cleaning products, including premium and specialized detergents.
Latin America Detergent Market Restraints
Environmental concerns
- The use of traditional detergents, which contain harsh chemicals and synthetic fragrances, can have a negative impact on the environment. This has led to a growing demand for eco-friendly and biodegradable detergents, which can be more expensive and limit the growth of the traditional detergent market.
Price sensitivity
- Many consumers in the Latin America region are price-sensitive and may choose lower-priced, generic brands over premium or specialized detergents, which can limit the growth of these segments of the market.
Regulatory issues
- Governments in the Latin America region may impose regulations on the use of certain chemicals in detergents, limiting the growth of traditional detergents or forcing manufacturers to reformulate their products.
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Latin America Detergent Market Competitive Landscape
The Latin America detergent market is highly competitive, with several major players vying for market share. These companies offer a wide range of products to consumers across the region, including laundry detergents, dishwashing detergents, and household cleaners. Overall, the competitive landscape of the market is highly dynamic, with companies introducing new products and marketing strategies to attract consumers. The market is expected to continue to grow in the coming years, driven by factors such as population growth, increasing urbanization, and consumer awareness of the importance of cleanliness and hygiene.
Latin America Detergent Market Top Player’s Company Profiles
- Unilever
- Procter & Gamble
- Henkel AG & Co. KGaA
- Colgate-Palmolive Company
- BASF SE
- Reckitt Benckiser Group plc
- The Clorox Company
- Kao Corporation
- Ecolab Inc.
- Church & Dwight Co., Inc.
- S. C. Johnson & Son, Inc.
- Nice Group Co., Ltd.
- Liby Enterprise Group Co., Ltd.
- Guangzhou Blue Moon Industry Co., Ltd.
- Guangzhou Lonkey Industrial Co., Ltd.
- Guangzhou Honghao Chemical Co., Ltd.
- Guangzhou Yuhan Trading Co., Ltd.
- Guangzhou Yiqi Technology Co., Ltd.
- Pigeon Corporation
- Lion Corporation
Latin America Detergent Market Recent Developments
- In January 2022, Procter & Gamble's brand Dawn launched a new liquid detergent called the 'Dawn EZ-Squeeze' in the Latin America market. This new product features a unique design that aims to provide customers a mess-free experience by preventing leaks or spills. The Dawn EZ-Squeeze liquid detergent is packaged in a plastic bottle that comes with a new squeeze technology. The bottle has a unique shape that is designed to fit comfortably in the hand, and the cap is equipped with a built-in nozzle that dispenses the detergent in a controlled manner. The new design prevents leaks and spills, making it easier and more convenient for consumers to use.
Latin America Detergent Key Market Trends
- Growing demand for eco-friendly and natural cleaning products: In recent years, there has been a growing awareness of the environmental impact of traditional cleaning products. Consumers are increasingly looking for eco-friendly and natural cleaning products that are free from harsh chemicals and biodegradable.
- Increasing use of online channels for shopping: As more consumers in the region gain access to the internet and e-commerce platforms, they are becoming more comfortable buying cleaning products online. This has prompted many companies to increase their online presence and invest in digital marketing to reach these customers.
- Innovation in product formulations and packaging: Companies are introducing new product formulations and packaging designs to differentiate themselves from their competitors. For example, some companies are introducing concentrated laundry detergents that require less water and packaging material, which is both eco-friendly and cost-effective.
Latin America Detergent Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Latin America detergent market analysis, The market has been witnessing steady growth over the years, owing to various factors such as rising disposable income levels, increasing awareness about hygiene and cleanliness, and the growing demand for convenience products such as laundry and dishwashing detergents. In terms of application, the residential segment holds the largest market share, driven by the proliferation of washing machines and other household cleaners. Brazil dominated the market, owing to its large population and rising disposable income levels. However, Mexico is expected to be the fastest-growing market in the region, driven by a growing population, rising disposable income levels, and a demand for convenience products. Overall, the Latin America detergent market presents numerous opportunities for growth, driven by factors such as urbanization, rising disposable incomes, and a growing demand for hygiene and cleanliness. Key players in the market are expected to continue innovating and expanding their product portfolios to remain competitive in this dynamic market.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 9.58 billion |
| Market size value in 2030 | USD 15.25 billion |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Latin America Detergent Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Latin America Detergent Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Latin America Detergent Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Latin America Detergent Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Latin America Detergent Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Latin America Detergent Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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