Emerging Markets: Growth Driver of Laundry Detergents; Trends, Innovations & Consumer Insights
1. Market Overview & Growth Potential
Explosive Market Growth
Emerging markets are driving global laundry detergent demand, with Asia-Pacific, Latin America, and Africa leading growth.
Region | 2023 Market Size (USD Bn) | 2028 Projection (USD Bn) | CAGR (2023-28) |
---|---|---|---|
Asia-Pacific | $25.4 | $38.2 | 8.5% |
Latin America | $8.7 | $12.9 | 7.1% |
Africa | $5.2 | $8.6 | 9.3% |
Source: Euromonitor International (2023)
Emerging markets are outpacing developed regions in detergent sales growth.
Key Growth Drivers
✔ Urbanization – Rising middle-class populations in cities
✔ Affordability – Low-cost detergent formats gaining traction
✔ E-commerce – Online sales growing 3x faster than offline in India, Brazil
2. Consumer Behavior Trends
Price Sensitivity vs. Sustainability
Emerging market consumers balance cost and eco-consciousness:
Preference | India (%) | Brazil (%) | Nigeria (%) |
---|---|---|---|
Low-cost detergents | 68 | 55 | 72 |
Eco-friendly options | 32 | 45 | 28 |
Source: Kantar Worldpanel (2023)