Definition:
The Home & Laundry Care market covers cleaning products used for private households. This market only takes into account consumable detergents for use in private households (B2C). Auxiliary cleaning equipment (e.g., mops and brooms) are not included. Professional products for industry use or household cleaning services (B2B) have also not been included.
Structure:
Home & Laundry consists of 4 different markets:
Additional Information:
The market comprises revenue, average revenue per capita, sales channel. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
Notes: Data shown is using current exchange rates. Data shown does not yet reflect market impacts of Russia-Ukraine war, we are currently working on an update.
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
The Home & Laundry Care market in Georgia is facing a mild decline, influenced by shifting consumer preferences towards eco-friendly products, increasing competition from local brands, and economic factors affecting household spending on cleaning essentials and maintenance.
Customer preferences: In Georgia, consumers are increasingly gravitating towards sustainable and eco-friendly home and laundry care products, reflecting a growing environmental consciousness among the population. This trend is particularly pronounced among younger generations, who prioritize brands that align with their values of sustainability and social responsibility. Additionally, the rise of urban living has led to smaller households, prompting demand for multi-functional and space-saving cleaning solutions. These shifts underscore a cultural transformation towards mindful consumption and convenience in daily routines.
Trends in the market: In Georgia, the Home & Laundry Care market is experiencing a surge in demand for biodegradable and plant-based cleaning products, as consumers prioritize environmental sustainability and health-conscious living. This trend is particularly evident among millennials and Gen Z, who actively seek out brands that reflect their ethical values. Additionally, the rise of compact living spaces has spurred interest in concentrated and multi-use cleaning solutions that maximize efficiency. As these trends continue to evolve, industry stakeholders must adapt by innovating product lines and enhancing marketing strategies to resonate with a more eco-aware and convenience-seeking consumer base.
Local special circumstances: In Georgia, the Home & Laundry Care market is shaped by the unique blend of its diverse population and a strong emphasis on local traditions. The state's rich agricultural heritage has fostered a preference for locally sourced, natural ingredients in cleaning products, aligning with the rising demand for eco-friendly solutions. Furthermore, regulatory initiatives aimed at reducing chemical usage in household products have propelled brands to innovate and adopt greener practices. This cultural and regulatory landscape not only differentiates Georgia's market but also encourages consumers to actively support sustainable brands that resonate with their community values.
Underlying macroeconomic factors: The Home & Laundry Care market in Georgia is significantly influenced by macroeconomic factors such as consumer spending patterns, disposable income levels, and economic stability. As the state experiences steady job growth and rising wages, households are increasingly willing to invest in premium cleaning products that align with their eco-friendly values. Additionally, inflationary pressures can impact purchasing decisions, leading consumers to seek cost-effective yet sustainable alternatives. Fiscal policies promoting green initiatives further stimulate market innovation, while global trends towards sustainability and health consciousness resonate with local consumer preferences, driving demand for environmentally friendly home care solutions.
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.
Notes: Based on IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights