Global Household Products Industry
The worldwide household products market (segment of the wider home goods business) recorded almost 3.5% growth in 2010 to reach close to $170 billion, according to research from MarketLine. The market is expected to reach around $203 billion by 2015, representing more than 19% growth over five years. The EU accounts for 35% of the global household products market in terms of value.
Demand for household cleaners continues to grow due to consumer awareness concerning the importance of hygiene and the spread of infectious diseases, reports Global Industry Analysts. The global household cleaners market is benefiting from increased focus on safe food storage, hygienic garbage disposal, the importance of sanitary conditions and the need to disinfect household surfaces. One of the major attractions of these products for today’s consumer is convenience, with time-strapped consumers having less and less time for household chores but eager to maintain high standards of hygiene and cleanliness.
Household Products Key Segments
The worldwide air freshener market exceeded $7.5 billion in 2010, having recorded yearly growth in excess of 3% for the four preceding years, according to research from MarketLine. Market growth is expected to accelerate to a yearly rate of almost 3.5% between 2010 and 2015, when it should exceed $9 billion. Pump/aerosol air fresheners represented the leading market segment in 2010, exceeding $2.5 billion and accounting for more than 17% of the overall market in terms of value.
The worldwide textile washing products market was worth almost $55 billion in 2010, having exceeded 3% yearly growth between 2006 and 2010, reports MarketLine. Market growth is expected to slow to 3% between 2010 and 2015 to reach $63 billion. Powder detergents represented the leading market segment in 2010 at $22 billion, accounting for more than 40% of the overall market in terms of value. This market involves the retail sale of a wide range of products like laundry bleach, carpet cleaners, powder detergents, stain removers, fabric fresheners, liquid detergents, limescale preventers, detergent tablets and fabric conditioners.
In the worldwide bleach market, liquid bleach is the leading market segment, accounting for more than 85% of the overall market in terms of revenue. The Americas hold a 48% in the global bleach market, with the Clorox Company a leading player holding close to 30% share of the overall bleach market. Supermarkets and hypermarkets represent an important bleach market distribution channel, accounting for close to 55% of worldwide market value.
Household & Personal Products Industry Leaders
Procter & Gamble is the number one company operating in the global household products market, reports MarketLine. Procter & Gamble holds more than a 15% share in the global market.