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Global Home Care Products Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Home Care Products Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 4.87% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 269.25 Million
Diagram Market Size (Forecast Year) USD 393.89 Million
Diagram CAGR 4.87%

Global Home Care Products Market, By Product (Kitchen Care, Household Care, Bathroom Care, Laundry Care, Others), Type (Organic, Conventional), Distribution Channel (Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online, Others) – Industry Trends and Forecast to 2030.

Home Care Products Market

Home Care Products Market Analysis and Size

Home care products are the basic products for daily care and cleaning purpose in households. These products are widely used for the care of households and to maintain the health requirements and the well-being of the people. The growing micro-organisms, germs, dirt and others on the surface have become a major cause of several diseases in recent times. Thus, the development and innovation have presented new home hygiene methods.

Data Bridge Market Research analyses that the global home care product market which was USD 269.25 million in 2022, would rocket up to USD 393.89 million by 2030, and is expected to undergo a CAGR of 4.87% during the forecast period. This indicates that the market value. “Kitchen Care” dominates the product segment of the Home Care Products market due to its properties such as essentiality, frequency of use, and wide range of products. These technologies rely on physical interactions, such as adsorption or compression, to store hydrogen gas. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Home Care Products Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

Product (Kitchen Care, Household Care, Bathroom Care, Laundry Care, Others), Type (Organic, Conventional), Distribution Channel (Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online, Others)

Countries Covered

(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)

Market Players Covered

 LIXIL Corporation (Japan), Zurn Industries LLC. (U.S.), Masco Corporation (U.S.), Bella Group (U.S.), Kohler Co. (U.S.), Jaquar (India), VITRA INTERNATIONAL AG. (Switzerland), TOTO LTD. (India), Roca Sanitario S.A (Spain), Boch AG (Germany), Ecolab (U.S.), CleanWell, LLC. (U.S.), Seventh Generation Inc (U.S.), The Claire Manufacturing Company (U.S.), Parker Laboratories (U.S.), GOJO Industries, Inc. (U.S.), Stepan Company (U.S.), Whiteley (New Zealand), ECOVACS (China), Dyson (United Kingdom), LG Electronics (South Korea), Robot Corporation (U.S), Proscenic (China), Samsung (South Korea), Neato Robotics, Inc., (U.S.), Matsutek Co. Ltd. (Taiwan)

Market Opportunities

  • Growth in the deployment of advanced technologies
  • High cost of raw material
  • Rising research and development opportunities

Market Definition

Homecare products are mainly those products that are used to maintain the interior of a home. Home care products normally include glass cleaners, surface cleaners, air treatment products, floor cleaners, toilet cleaners, disinfectants, laundry detergents, car wash products, stain removers, dishwashing products, and others. They can range from cleaning to decorative products to several gadgets which can simplify our daily lives.

Global Home Care Products Market Dynamics

Drivers

  • Increasing awareness and promotion of hygiene awareness

The rising health and hygiene awareness among consumers is expected to drive the global home care products market's growth. Increasing government hygiene and sanitation awareness programming guidance and promotions, particularly in developing nations, as well as stringent government rules for the installation and use of advanced products in several countries, are anticipated to boost the growth of the home care products market.

  •  Growing demand for cleaning equipment in household activities

Reduction in household activities by the use of these cleaning devices is the main factor that is expected to drive the growth of the home care products market. Modern household equipment or devices are becoming more computerized, reducing time spent and suitability on house chores. The rising demand for cleaning equipment in household activities is expected to increase the revenue growth of the home care products market.

  • Technological advancements

Innovation in product formulations, such as eco-friendly and sustainable options, as well as improved packaging and convenience features, are driving market growth. Technological advancements have had a significant impact on the home care product market, driving innovation and improving product effectiveness, convenience, and sustainability.

Opportunities

  •  Health and wellness trends

The convergence of home care and health-related concerns offers opportunities for products that promote cleanliness while addressing specific health needs, such as allergen-free or antimicrobial formulations. Health and wellness trends have influenced the home care product market, with consumers increasingly seeking products that promote a clean and healthy living environment while minimizing potential health risks.

  •  Growing demand for eco-friendly and sustainable products

Increasing consumer consciousness about environmental impact presents opportunities for manufacturers to develop and market greener home care alternatives. Growing demand for eco-friendly and sustainable products in home care products. Consumers are increasingly concerned about the negative impact of conventional home care products on the environment. They are more conscious of the use of chemicals, plastic waste, and the carbon footprint associated with their cleaning routines. As a result, there is a growing preference for products that are environmentally friendly and minimize harm to ecosystems.

Restraints/Challenges

Fluctuation in housing demand

The volatility in the housing demand is the major factor expected to obstruct the demand for home care products in the market growth and restrain the growth of the home care products market. Moreover, stringent government regulations associated with the use of chemical based home care products and the high cost of advanced products pose challenges for the growth of the home care products market.

  • Counterfeit products and brand protection

The home care product market is susceptible to counterfeit products, which can erode brand reputation and pose risks to consumer health and safety. Companies need to invest in brand protection and anti-counterfeiting measures. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This home care products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Home Care Products market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In November 2022, The Pennant Group, Inc. acquired Wisconsin Home Health Provider to provide skilled home health and community health services in Kenosha, Wisconsin.
  • In September 2022, BAYADA Home Health Care announced its partnership with Jefferson Health to expand access to in come care along with improving patient experience in Philadelphia.

Global Home Care Products Market Scope

The Home Care Products market is segmented on the basis of product, type, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Kitchen Care
  • Household Care
  • Bathroom Care
  • Laundry Care
  • Others

Type

  • Organic
  •  Conventional

Distribution Channel

  • Supermarkets/ Hypermarkets
  • Specialist Retailers
  • Convenience Stores
  • Online
  • Others

Global Home Care Products Market Regional Analysis/Insights

The global home care product market is analysed, and market size insights and trends are provided by country, product, type, and distribution channel as referenced above.

The countries covered in the global home care product market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Asia-Pacific is estimated to dominate the global home care product market because the market growth over this region is attributed to the rising living standards and high consumer purchasing power in this region.

North America is expected to witness significant growth during the forecast period of 2023 to 2030 due to increased household expenditure and the well-established real estate sector within this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Automotive Infrastructure Growth Installed Base and New Technology Penetration

The Home Care Products market also provides you with a detailed market analysis for every country's growth in automotive expenditure for capital equipment, installed base of different kinds of products for the Home Care Products market, the impact of technology using lifeline curves, and changes in automotive regulatory scenarios and their impact on the Home Care Products market. The data is available for the historic period 2015-2020.

Competitive Landscape and Home Care Products Market Share Analysis

The global home care product market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global home care product market.

Some of the major players operating in the global home care product market are:

  • LIXIL Corporation (Japan)
  • Zurn Industries LLC. (U.S.)
  • Masco Corporation (U.S.)
  • Bella Group (U.S.)
  • Kohler Co. (U.S.)
  • Jaquar (India)
  • VITRA INTERNATIONAL AG. (Switzerland)
  • TOTO LTD. (India)
  • Roca Sanitario, S.A (Spain)
  • Boch AG (Germany)
  • Ecolab (U.S.)
  • CleanWell, LLC. (U.S.)
  • Seventh Generation Inc (U.S.)
  • The Claire Manufacturing Company (U.S.)
  • Parker Laboratories (U.S.)
  • GOJO Industries, Inc. (U.S.)
  • Stepan Company (U.S.)
  • Whiteley (New Zealand)
  • ECOVACS (China)
  • Dyson (United Kingdom)
  • LG Electronics (South Korea)
  • Robot Corporation (U.S)
  • Proscenic (China)
  • Samsung (South Korea)
  • Neato Robotics, Inc. (U.S.)
  • Matsutek Co. Ltd. (Taiwan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

Major companies in the Home Care Products Market are LIXIL Corporation (Japan), Zurn Industries LLC. (U.S.), Masco Corporation (U.S.), Bella Group (U.S.), Kohler Co. (U.S.), Jaquar (India), VITRA INTERNATIONAL AG. (Switzerland), TOTO LTD. (India), Roca Sanitario S.A (Spain), Boch AG (Germany), Ecolab (U.S.), CleanWell, LLC. (U.S.), Seventh Generation Inc (U.S.), The Claire Manufacturing Company (U.S.), Parker Laboratories (U.S.), GOJO Industries, Inc. (U.S.), Stepan Company (U.S.), Whiteley (New Zealand), ECOVACS (China), Dyson (United Kingdom), LG Electronics (South Korea), Robot Corporation (U.S), Proscenic (China), Samsung (South Korea), Neato Robotics, Inc., (U.S.), Matsutek Co. Ltd. (Taiwan).
The Home Care Products Market Growth Rate is 4.87% during the forecast period.
The Increasing awareness and promotion of hygiene awareness, Growing demand for cleaning equipment in household activities, and Innovation in product formulations are the Growth Drivers of the Home Care Products Market.
The product, type, and distribution channel are the factors on which the Home Care Products Market research is based.
The Home Care Products Market will be worth USD 393.89 million by 2030.
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