Soap Dispenser Market Regional Analysis

North America held a 31.9% share of the retail cooler market in 2022. Increased consumer investment in commercial establishments such as malls, restaurants, & movie theaters has resulted in an increase in the demand for efficient restrooms, fueling the demand for dispensers for soap. According to data supplied by the United States Department of Agriculture (USDA), the number of quick-service eateries operating in the United States increased from 183,543 in 2021 to 189.402 in 2022.

Asia Pacific is expected to grow at the highest CAGR of 9.0% between 2023 and 2030. Other countries in the region, notably Bangladesh and the country of Vietnam, have recently caught up with India and China, resulting in larger than ever demand for urban housing in the region. As a result of this predicament, soap dispensers are becoming more popular in both household and commercial settings as both a necessity and a luxury item.