India Utensil Cleaner Sector to Show Double-Digit Growth, States Bonafide Research & Marketing in New Report Available at MarketPublishers.com
16 May 2016 • by Natalie Aster
LONDON – The overall utensil cleaner marketplace has been gathering speed at over 15% CAGR in the recent past. Moving forward, in the next 5 years, the sector is projected to show a double-digit growth. In terms of product types, dishwashing bars account for the lion’s share of the market revenues, with liquid cleaners following after. Meantime, dishwashing paste has insignificant contribution to the total market for utensil cleaners. The share of powder-based cleaners is anticipated to diminish.
APAC is the most rapidly growing market fuelled by the mushrooming number of households, thriving economies and enhanced lifestyles. India and China are anticipated to register impressive growth in the years to come, underpinned by the growing urban population and surging per capita expenditure on household products and supplies. In India, the penetration of dishwashing products is low, which provides a lucrative opportunity to the manufacturers. Earlier in the country, utensil cleaning products were required to enter into rivalry with conventional methods like ash to do the dishes. Nevertheless, people have currently moved from the usage of traditional products, but the per capita consumption is still low versus other nations.
Hindustan Unilever, Rohit Surfactants, Jyothy Laboratories, Dabur India, Pitambari Products, Fena, Reckitt Benckiser and Colgate Palmolive are amid the various firms operating in the industry include
Vim is the prominent brand in the market, in tandem with other brands such as Exo, Nip, Pril, Odopic, Xpert and Pitambari.
New study “India Utensil Cleaner Market Outlook, 2021” drawn up by Bonafide Research & Marketing offers an in-depth evaluation of the utensil cleaner market globally with a specific focus on India. The report covers the global market size by value and market share by region. It further carefully examines the country’s marketplace, covering market size by value, share data, segmentation, etc. The report provides a product, price and variant analysis; insights into raw materials; examines the production process; assesses the market penetration; reviews policies and regulations; discusses imports and exports; scrutinises key drivers and challenges; limelights key trends and developments in the industry. The competitive scene is canvassed and the company profiles of the 10 leading players are provided in the study, too.
More reports by this publisher are available at Bonafide Research & Marketing page.