Industry Analysis & Industry Trends
During the past five years, the Soap and Cleaning Compound Manufacturing industry contended with steep competition from foreign-based soap manufacturers. Foreign-based manufacturers have inundated the market with low-cost soap products, pressuring demand for domestically manufactured products. In the coming years, as per capita disposable income rises, many consumers will slowly shift to relatively high-cost, brand-name soaps and cleaning products. Additionally, downstream markets, such as restaurants, will require more cleaning products to comply with regulations and maintain cleanliness in line with the rise in consumer foot traffic... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the Soap and Cleaning Compound Manufacturing industry's top four players generate 28.0% of revenue in 2016. While the industry exhibits a low level of market share concentration, the industry is approaching moderate concentration. This trend is consistent with the industry's maturity. Soap manufacturing is a long-standing industry, and sales rely on replacement purchases because most households and commercial establishments already use soap. As a result, major companies have increasingly focused on acquiring other players to achieve growth.
According to the US Census Bureau, about 65.2% of industry establishments have fewer than 20 employees in 2013 (latest data available). Whi.. purchase to read more