The per capita value of the US soap market (excluding solid soap) is forecasted to grow modestly from $3.41 in 2024 to $3.51 in 2028. In 2023, the market value per capita stood slightly lower, but precise figures are not provided here. The year-on-year growth from 2024 to 2028 suggests a stable annual increase of around 0.7% to 0.9%, indicating a steady but slow expansion.
Future trends to watch for include:
- Increased consumer preference for sustainable and eco-friendly liquid soaps, influencing market dynamics.
- Potential innovation in product formulation and packaging, boosting market growth.
- Shifts in retail channels, with online purchasing possibly gaining further traction due to convenience factors.