DUBLIN--(BUSINESS WIRE)--The "Latin America Detergent Market Size, Share & Trends Analysis Report By Product (Laundry, Household & Kitchen), By Application (Residential, Commercial, Industrial), By Country, and Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The Latin America detergent market size is anticipated to reach USD 28.08 billion by 2025, progressing at a CAGR of 5.9% during the forecast period. Rising demand for washing machines in developing countries in Latin America, coupled with surging demand for powder detergents from rural areas of developing economies, is expected to drive the market.
Powder detergents are witnessing rising competition from liquid detergents. Adoption of liquid detergent in developing economies is experiencing a sharp rise owing to its ease of use and it being pre-dissolved. Application of liquid detergent on stains as compared to powder detergents is much more convenient for consumers.
The market is governed by presence of various regulations that specify safe use of raw materials used to manufacture detergents. In addition, since the demand for biodegradable and environment-friendly detergents is on a rise, this has encouraged manufacturers to spend on research & development and launch innovative products to cater to consumer demand.
Key Findings
- In terms of revenue, the laundry detergent product segment is anticipated to reach USD 12.59 billion by 2025, exhibiting a CAGR of 5.8% from 2018 to 2025
- The residential application segment dominated the market in terms of revenue in 2017. It is expected to represent about 60.0% of the market by 2025, owing to increasing awareness regarding importance of hygiene in households
- The Colombia laundry detergent market is estimated to exceed USD 2.74 billion by 2025 owing to presence of various national brands and private label detergent manufacturers in the country
- The market for Latin America laundry detergents is competitive with presence of a number of global, medium, and small scale companies catering to the regional demand
Topics Covered
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Latin America Detergent Market: Product Estimates and Trend Analysis
Chapter 4 Latin America Detergent Market: Application Estimates and Trend Analysis
Chapter 5 Latin America Detergent Market: Country Estimates and Trend Analysis
Chapter 6 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/7dwkdh/latin_america?w=4
