Indonesia Soap and Detergent Market 2024-2030 Trends, Size, Value, Growth, Analysis, Industry, Revenue, Forecast, Companies & Share: Market Forecast By Soap, By Detergent, By Verticals And Competitive Landscape

Indonesia Soap and Detergent Market Synopsis

Indonesia soap and detergent market grew significantly during the past years on account of commercial and residential sector development. For instance, in 2019 office supply was recorded 483,334 square meter while in 2022 the supply recorded was 435,716 square meter office supply. However, due to outbreak of COVID-19, there was sharp rise in demand for hygiene products which led to supply shortages. Moreover, the production increased during 2020 to meet the rising demand for soap and detergent products. The pandemic led to lockdown restrictions and social distancing norms which led to supply chain disruptions and decrease in production shortage, thereby the market was disrupted during early 2020.

According to this research, the Indonesia Soap and Detergent market size is projected to grow at a CAGR of 4.9% during 2023-2029F. The market is expected to witness growth in the coming years owing to development of commercial buildings, shopping malls, hotels, and other infrastructure projects along with the upcoming projects such as Antasari Place Apartment Complex and Oasis Central Sudirman Tower B which are expected to be completed by 2025 and 2028 respectively. Moreover, in 2023, the country has started the construction of 184 residential towers in their new capital city Nusantara that would house around 500,000 residents in the coming years. Additionally, the tourism and hotel market segment in Indonesia are predicted to grow by $21.93 billion between 2022-2026 at an annual average rate of 10 percent. Swiss-Belhotel International, is expected to open seven new hotels in Indonesia which is scheduled to be launched by 2023. Thus, the growing hotel industry would contribute to demand for soap and detergent in the coming years. The Soap and Detergent Market in Indonesia will gain more growth.

Market by Soap

Bar soap are easy to use, cost effective and handy as compared to liquid Soap and hence would capture maximum share in Indonesia soap market. People prefer bar soap instead of liquid soap as they do not have to spend more in bar soaps.

Market by Detergent

Powder detergent would capture maximum volume share in Indonesia detergent market on account of its cost effectiveness, and its packaging is more environmentally friendly. Powder detergents are attaining significant growth and will continue to attain significant growth in the future.

Market by Verticals

Residential sector would dominate the soap market in Indonesia owing to consistently improving cleanliness and hygiene among households and rising standard of living.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Indonesia Soap and Detergent Market Overview
• Indonesia Soap and Detergent Market Outlook
• Indonesia Soap and Detergent Market Forecast
• Historical Data and Forecast of Indonesia Soap and Detergent Market Revenues and Volume, for the Period 2019-2029F
• Historical Data and Forecast of Indonesia Soap and Detergent Market Revenues and Volume, By Soap, for the Period 2019-2029F
• Historical Data and Forecast Indonesia Soap and Detergent Market Revenues and Volume, By Detergent, for the Period 2019-2029F
• Historical Data and Forecast of Indonesia Soap and Detergent Market Revenues, By Verticals, for the Period 2019-2029F
• Market Opportunity Assessment
• Market Drivers and Restraints
• Market Trends
• Competitive Benchmarking
• Key Strategic Recommendations
• Company Profile

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Soap

• Bar Soap
• Liquid Soap

By Detergent

• Powder
• Liquid
• Bar

By Verticals

• Residential
• Commercial