Dishwashing Detergents - South Korea

South Korea

Highlights

In South Korea, the revenue in the Dishwashing Detergents market is projected to reach US$442.00m in 2024.
This market segment is anticipated to grow annually by 1.99%, based on the compound annual growth rate (CAGR) between 2024 and 2029.
In comparison to other countries worldwide, United States generates the highest revenue in this market, with US$4bn in 2024.
When considering the population size, the per person revenue in South Korea is estimated to be US$8.54 in 2024.
"Dishwashing detergents in South Korea have seen a surge in demand due to the country's emphasis on cleanliness and hygiene."

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dishwashing Detergents Market within the Home & Laundry Care sector in South Korea is experiencing mild growth, influenced by factors like changing consumer preferences, increased focus on sustainability, and the rise of e-commerce for convenient product access.

Customer preferences: Consumers in South Korea are increasingly opting for eco-friendly dishwashing detergents, reflecting a growing awareness of environmental issues and sustainability. This trend is particularly pronounced among younger demographics who prioritize products with natural ingredients and minimal packaging. Additionally, the rise of dual-income households is driving demand for convenient, time-saving solutions, leading to a preference for concentrated formulas and multi-use products. E-commerce is further facilitating access to a diverse range of specialty detergents, catering to various consumer needs and preferences.

Trends in the market: In South Korea, the dishwashing detergents market within the Home & Laundry Care sector is experiencing a notable shift towards eco-friendly products, driven by heightened environmental awareness among consumers. This trend is particularly significant among younger generations who favor natural ingredients and sustainable packaging. Additionally, the increasing prevalence of dual-income households is boosting demand for convenient solutions, such as concentrated and multi-use detergents. E-commerce platforms are expanding access to a wider variety of specialty products, enabling brands to cater to diverse consumer preferences and enhancing competition in the market.

Local special circumstances: In South Korea, the dishwashing detergents market is heavily influenced by cultural preferences for cleanliness and hygiene, which are deeply rooted in the society. The traditional emphasis on family meals and communal dining heightens the demand for effective cleaning solutions. Additionally, stringent regulatory standards regarding product safety and environmental impact drive manufacturers to innovate with eco-friendly formulas. The rapid urbanization and high population density in cities like Seoul further accelerate the shift towards compact, efficient products that cater to busy lifestyles.

Underlying macroeconomic factors: The dishwashing detergents market in South Korea is significantly influenced by macroeconomic factors such as consumer spending trends, economic stability, and shifting lifestyles. A robust national economy, characterized by steady GDP growth and low unemployment rates, enhances disposable income, leading to increased spending on home care products. Moreover, global trends towards sustainability and eco-conscious consumption shape product innovation, as consumers seek environmentally friendly options. Fiscal policies promoting green technologies and subsidies for sustainable manufacturing further encourage companies to develop advanced, efficient cleaning solutions that align with consumer preferences for health and hygiene in an urbanized society.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on home and laundry care products. The market encompasses cleaning products designed for private households, including laundry care, household cleaners, dishwashing detergents, and polishes, room scents & insecticides.

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.