The global antibacterial products market size is estimated to arrive at USD 32.36 billion by 2028. It is projected to develop by 2.3% CAGR in the period of forecast.
Due to the changing shopper’s preferences towards individual cleanliness plus wellness, the requirement for hygiene and skincare products, having antiseptic as well as antibacterial possessions, is increasing. Rising intensity of consciousness about the benefits, presented by antibacterial products above usual ones are steering the market.
The eruption of Covid-19 pandemic has strengthened the importance of frequent cleaning along with sanitizing habits between the clients, to stop illness sourcing microorganisms. These are the important factors, directing the antibacterial products market.
In 2020, the hand soaps section detained the major revenue share of the market. It is projected to retain domination during the forecast period. These products are estimated to avert operational viruses or additional microbial organisms. The international contestants, like The Colgate-Palmolive Company, have been presenting these products in refillable easy-to-use tablets, to assist decrease wastage of plastic bottles.
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Further key findings from the report suggest:
• The various famous specialty stores, working in the global market for antibacterial products are, Sephora USA, Inc., Care to Beauty USA, Target Brands Inc. and Ulta Beauty, Inc
• The specialty store section is likely to record the highest CAGR, throughout the forecast period. The rising figure of best specialty stores is enhancing the enlargement of the section
• The expansion of the market is accredited to the rising visibility of Over the Counter (OTC) antibacterial body washes. Besides, due to the greater demand main companies are presenting inventive products. For example, Henkel Corporation’s Dial brand name initiated antibacterial foaming hand and body washes, in February 2021
• The body wash section is expected to record the highest CAGR for the duration of the forecast
• As a result of increasing sales of the product, by means of online distribution network, Asia Pacific is expected to record a large CAGR, during forecast period. Gofers, Amazon, and Flipkart, are between the famous networks within the region
Million Insights segmented the global antibacterial products market based on Distribution Channel, Product, and Region.
Antibacterial Product Outlook (Revenue, USD Million, 2016 - 2028)
• Body Wash
• Body Moisturizer
• Hand Cream & Lotion
• Hand Soaps
• Hand Sanitizers
• Facial Cleansers
• Facial Mask
Antibacterial Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
• Hypermarkets & Supermarkets
• Pharmacy & Drug Stores
• Specialty Stores
Antibacterial Products Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• Saudi Arabia
Various companies for antibacterial products market are:
• Johnson & Johnson
• Colgate-Palmolive Company
• Sebapharma GmbH & Co. KG
• GOJO Industries, Inc.
• Reckitt Benckiser Group PLC
• Farouk Systems, Inc.
• Henkel Corporation
• The Himalaya Drug Company