The global fabric softener market share is estimated to gain a revenue of USD 23,386.40 million in 2024. Our consumer products domain experts opine that fabric softener providers can expect a healthy CAGR of 5.20% through 2034, with a forecast valuation of USD 38,725.30 million by 2034.
Attributes | Details |
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Fabric Softener Market Size, 2023 | USD 22,180.10 million |
Fabric Softener Market Size, 2024 | USD 23,386.40 million |
Fabric Softener Market Size, 2034 | USD 38,725.30 million |
Value CAGR (2024 to 2034) | 5.20% |
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Attributes | Details |
---|---|
Fabric Softener Market Size (2023) | USD 22,180.10 million |
In the historical period, the fabric softener market reached a market valuation of USD 22,180.10 million in 2023. Factors below determined the market growth in the bygone years:
Over the next ten years, the market is expected to lead forward by jumping from USD 23,386.40 million in 2024 to USD 38,725.30 million by 2034. The market, as per the latest market estimates, is projected to register a CAGR of 5.20% through 2034. The following factors are expected to lead the way:
Country | Canada |
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Forecast CAGR % (2024 to 2034) | 6.30% |
The fabric softener market in North America is rising at a steady pace. In the upcoming years, the expansion of this regional market is predicted to be led by Canada, followed by the United States. The changing dynamics in the region can be attributed to the following factors:
Country | France |
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Forecast CAGR % (2024 to 2034) | 4.10% |
The Europe fabric softener market is expected to witness moderate growth in the upcoming years. High saturation of fabric softeners in the region can be credited to the modest consumption of fabric softeners. In Europe, France is anticipated to thrive at a pace higher than the cluster of countries including Germany, the United Kingdom, Italy, and Spain. The leading factors pushing the sales of fabric softener in France are:
Country | India |
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Forecast CAGR % (2024 to 2034) | 8.30% |
India is predicted to observe substantial growth in the years to come. As per the latest market research by FMI analysts, the market is anticipated to register a CAGR of 8.30% through 2034. Mentioned below are the key factors that are yielding significant growth in the country:
Country | Japan |
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Forecast CAGR % (2024 to 2034) | 8.60% |
The Japan fabric softener market is predicted to record a CAGR of 8.60% through 2034. Given below are the leading factors propelling the sales:
Country | Singapore |
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Forecast CAGR % (2024 to 2034) | 9.30% |
The Singapore fabric softener market is anticipated to expand at a promising CAGR of 9.30% through 2034. The following factors are catalyzing sales of fabric softeners in the country:
Leading Product Form | Liquid |
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Market Share % (2024) | 57.20% |
The liquid fabric softener segment is projected to acquire 57.20% of the global market in 2024. The supremacy of liquid fabric softeners in the global market is led by:
Leading Nature Segment | Organic |
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Market Share % (2024) | 57.80% |
The organic variant of fabric softener finds extensive utilization among the global population across the globe. As per the latest market estimates, the segment is predicted to acquire a market share of 57.80% in 2024. The following factors lead the market forward:
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Fabric softener providers are launching new and improved versions of fabric softeners to meet the changing consumer preferences. Latest additions to the fabric softeners include better softening capabilities, longer-lasting fragrances, and eco-friendly formulations. A trend of strategic partnerships among key players and washing machine companies is observed. Such mutually beneficial alliances help solidify consumer trust and market reach.
Companies, sensing the growth potential in emerging economies, are extending into new markets. For higher acceptance rates in different geographies, key players are adapting their products to local preferences and solidifying their distribution networks in these regions. Leading manufacturers are making substantial investments in marketing and brand-building campaigns to elevate brand awareness among potential consumers. This also includes engaging with consumers on social media platforms.
In recent years, key players have shifted toward establishing their own DTC (Direct Consumers) channels like mobile apps and e-commerce websites to reach consumers directly. This mode allows them to gain more control over distribution and pricing, personalize marketing efforts, and gather valuable customer data. Additionally, competitors are practicing acquisitions and mergers to strengthen their market position.
Recent Developments in the Fabric Softener Market
Attribute | Details |
---|---|
Forecast Period | 2019 to 2024 |
Historical Data Available for | 2024 to 2034 |
Market Analysis | Units for Volume and USD million for Value |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa |
Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
Key Market Segments Covered | Nature, Product Type, End Use, Sales Channel, Region |
Key Companies Profiled | Procter & Gamble (P&G); Unilever; Henkel; Reckitt Benckiser Group plc; S.C. Johnson & Son, Inc.; Church & Dwight Co., Inc.; Colgate-Palmolive Company; Kao Corporation; Lion Corporation; The Clorox Company; Others |
The fabric softener market is to be worth USD 23,386.40 million in 2024.
The market is predicted to expand at a CAGR of 5.2% through 2034.
The market is anticipated to account for USD 38,725.30 million by 2034.
Singapore is predicted to provide high growth opportunities.
Liquid fabric softener is a significantly opted product by consumers.
Estimated Market Size 2023 | USD 10.48 billion |
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Projected Market Size 2033 | USD 17 billion |
CAGR from 2023 to 2033 | 4.9% |
Market Value (2023) | USD 114.0 billion |
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Market Anticipated Value (2033) | USD 193.1 billion |
Market Growth Rate (2023 to 2033) | 5.4% CAGR |
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