USD 37.34 million
Report ID:
SQMIC30L2246 |
Region:
Country |
Published Date: January, 2025
Pages:
198
|Tables:
118
|Figures:
77
Hong Kong Liquid Hand Soap Market size was valued at USD 37.34 million in 2023 and is poised to grow from USD 39.95 million in 2024 to USD 68.65 million by 2032, growing at a CAGR of 7.0% during the forecast period (2025-2032).
Hong Kong is a densely populated city where hygiene is of utmost importance. Liquid hand soap is an essential tool in maintaining cleanliness and preventing the spread of germs. Hong Kong manufacturers offer a variety of liquid hand soaps that cater to different preferences and needs. Some soaps are formulated with moisturizers to prevent dryness and irritation, while others have antibacterial properties for added protection against harmful bacteria. Popular scents include lavender, tea tree, and citrus, among others. Hong Kong manufacturers prioritize using safe and environmentally friendly ingredients in their liquid hand soaps. Some companies even offer refillable options to reduce waste and promote sustainability. Overall, the liquid hand soap market in Hong Kong is diverse.
Major companies in the sector are concentrating on developing sustainable hygiene products with a focus on natural, biodegradable, and non-toxic ingredients, with reusable and recyclable packaging materials, in response to the growing consumer preference for biodegradable liquid hand washes that naturally decompose over time. According to a survey by CleanLink in August 2022, up from 24% in 2020, over 30% of Hong Kong consumers are aware of the numerous harmful environmental effects caused by non-biodegradable items. It is predicted that this increase in knowledge would lead to a greater uptake of green liquid hand wipes in Hong Kong. According to a Morning Post report from October 2022, males are more likely than women to use bar soaps, while men are more likely to use liquid hand soaps. According to the survey, the main reason why women are using liquid hand soap more frequently than bar soap is because bar soaps are more abrasive and can completely dry out the skin. In contrast, moisturisers are frequently found in liquid soaps.
Hong Kong Liquid Hand Soap Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 37.34 million
Largest Segment
Moisturizing
Fastest Growth
Moisturizing
Growth Rate
7.0% CAGR
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Hong Kong Liquid Hand Soap Market is segmented by Form, Type, End-use. Based on Form, the market is segmented into Gel and Foam. Based on Type, the market is segmented into Conventional and Organic/Green. Based on End-use, the market is segmented into Commercial and Household.
By type, the market can be segmented into moisturizing, and antibacterial. the moisturizing hand soap segment is dominating the market due to the high demand for hand soaps that prevent dryness and irritation caused by frequent handwashing. Many consumers prefer moisturizing hand soaps that contain ingredients such as aloe vera, shea butter, or vitamin E to keep their hands soft and hydrated.
On the other hand, the antibacterial hand soap segment is experiencing significant growth due to the increasing awareness of the importance of hygiene and the need to prevent the spread of harmful bacteria. Consumers are increasingly looking for hand soaps that provide extra protection against germs and bacteria, particularly in commercial spaces such as restaurants and hospitals.
By distribution channel, the market can be segmented into superstores and online platforms. Superstores such as supermarkets and convenience stores dominate the market due to their wide reach and accessibility. Many consumers prefer to purchase hand soap products from physical stores, where they can examine and compare the products before making a purchase. Superstores also offer a range of promotions and discounts to attract customers, making them a popular choice for bulk purchases.
However, online platforms such as e-commerce websites and mobile apps are the fastest-growing distribution channel in the Hong Kong liquid hand soap market. The rise of e-commerce has made it more convenient for consumers to purchase hand soaps from the comfort of their homes, and the availability of a wider range of products on online platforms has attracted many customers.
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The Hong Kong Island is dominating the Hong Kong liquid hand soap market, accounting for a majority of the market share. This is due to the high population density in urban areas, which leads to higher demand for liquid hand soap. Additionally, there is greater awareness about hygiene and sanitation in urban areas, which has led to an increase in demand for liquid hand soap.
The Kowloon market is the fastest growing region in the Hong Kong liquid hand soap market. This is due to an increase in disposable income among the rural population, which has led to greater adoption of liquid hand soap. Additionally, there is growing awareness about the benefits of using liquid hand soap in rural areas, which has also contributed to the growth of the market.
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Increasing awareness of the importance of personal hygiene
Increasing competition from alternative hand hygiene
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The competitive landscape of the liquid hand soap market in Hong Kong is highly fragmented, with a large number of small and medium-sized companies operating in the market. While there are some well-established local and international brands, the market is open to new entrants due to low entry barriers. Companies are competing based on factors such as product quality, price, and packaging, as well as marketing and promotional activities. In addition, the rise of e-commerce has made it easier for small and medium-sized companies to enter the market and compete with established players.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Hong Kong liquid hand soap market analysis, the market has seen significant changes in consumer demand and purchasing behavior. The trend towards natural and organic products has driven innovation in the market, as companies seek to offer healthier and more eco-friendly options. This has created opportunities for both local and international players to introduce new products with unique formulations and packaging designs. The rise of e-commerce platforms has also provided a convenient channel for consumers to purchase hand soap products, further reshaping the landscape of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 37.34 million |
Market size value in 2032 | USD 68.65 million |
Growth Rate | 7.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Hong Kong Liquid Hand Soap Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hong Kong Liquid Hand Soap Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hong Kong Liquid Hand Soap Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hong Kong Liquid Hand Soap Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Hong Kong Liquid Hand Soap Market size was valued at USD 37.34 Million in 2023 and is poised to grow from USD 39.95 Million in 2024 to USD 68.65 Million by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
The competitive landscape of the liquid hand soap market in Hong Kong is highly fragmented, with a large number of small and medium-sized companies operating in the market. While there are some well-established local and international brands, the market is open to new entrants due to low entry barriers. Companies are competing based on factors such as product quality, price, and packaging, as well as marketing and promotional activities. In addition, the rise of e-commerce has made it easier for small and medium-sized companies to enter the market and compete with established players. 'Reckitt Benckiser Group plc', 'Procter & Gamble Co.', 'Unilever plc', 'Colgate-Palmolive Company', 'Johnson & Johnson Services, Inc.', 'L'Oréal S.A.', 'Shiseido Company, Limited', 'Kao Corporation', 'Lion Corporation', 'The Clorox Company', 'Henkel AG & Co. KGaA', 'GOJO Industries, Inc.', 'Ecolab Inc.', 'SC Johnson & Son, Inc.', 'Beiersdorf AG', 'Kimberly-Clark Corporation', 'The Dial Corporation', 'Method Products PBC', 'Mrs. Meyer's Clean Day', 'Seventh Generation, Inc.'
One driver of the liquid hand soap market in Hong Kong is the increasing awareness of the importance of personal hygiene. As more people become conscious of the risks of bacterial and viral infections, they are seeking effective ways to maintain cleanliness and prevent the spread of germs. This has led to a growing demand for liquid hand soaps with moisturizing and antibacterial properties, as well as a preference for products made from safe and environmentally-friendly ingredients. The focus on personal hygiene is expected to continue driving growth in the market.
The Hong Kong liquid hand soap market has experienced a significant shift towards natural and organic products, driven by consumer demand for environmentally friendly and healthier options. This has created opportunities for local and international players to introduce innovative products with new formulations, fragrances and packaging designs. E-commerce platforms have also gained popularity as consumers increasingly turn to online channels for purchasing hand soap products.
The Hong Kong Island is dominating the Hong Kong liquid hand soap market, accounting for a majority of the market share. This is due to the high population density in urban areas, which leads to higher demand for liquid hand soap. Additionally, there is greater awareness about hygiene and sanitation in urban areas, which has led to an increase in demand for liquid hand soap.
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