Hong Kong's Liquid Hand Soap Market: Growth Trends and Future Outlook
The Hong Kong liquid hand soap market size is expected to reach USD 59.8 million by 2030, registering a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. The increasing attention towards hygiene especially after the outbreak of COVID-19 is driving the demand for liquid hand soap in Hong Kong. According to a United Nations Children’s Fund (UNICEF) study, good hygiene is critical for preventing the spread of infectious diseases and helping individuals lead long and healthy lives. However, since 2015 the population with access to basic hygiene services (handwashing facilities at home) has increased by over 500 million, from 5.0 billion (67%) in 2015 to 5.5 billion (71%) in 2020, at a rate of 300,000 people per day. The increasing practice of hand washing and increasing attention toward hand hygiene are expected to contribute significantly to the demand for liquid hand soaps in the future. Organic/green liquid hand...