Laundry Care - ASEAN

ASEAN

Highlights

In ASEAN, the revenue generated in the Laundry Care market is projected to reach US$9.76bn by 2024.
It is anticipated that the market will experience an annual growth rate of 4.00% (CAGR 2024-2029).
When compared to other countries globally, United States generates the highest revenue in the Laundry Care market, amounting to US$16bn in 2024.
In terms of per capita figures, the revenue generated per person in ASEAN is US$14.12 in 2024.
The laundry care market in ASEAN is experiencing a shift towards eco-friendly and sustainable products, driven by increasing consumer awareness and demand for environmentally conscious solutions.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Laundry Care Market within the Home & Laundry Care sector in ASEAN is witnessing mild growth, influenced by factors such as evolving consumer preferences, increased urbanization, and the rising demand for convenient and eco-friendly cleaning solutions.

Customer preferences: Consumers in the ASEAN Laundry Care Market are increasingly favoring eco-friendly and sustainable cleaning products, reflecting a growing awareness of environmental issues. This shift is further amplified by urbanization, as younger generations prioritize convenience and time-saving solutions in their busy lifestyles. Additionally, cultural nuances, such as the emphasis on family and home cleanliness, drive demand for products that offer both efficacy and safety. As a result, brands are innovating to meet these evolving preferences, leading to a rise in plant-based detergents and packaging that minimizes environmental impact.

Trends in the market: In the ASEAN Laundry Care Market, there is a notable trend towards eco-friendly and sustainable cleaning products, driven by increasing environmental awareness among consumers. This movement is particularly strong among younger generations, who prioritize convenience and time-saving solutions in their busy lives. Additionally, cultural values emphasizing home cleanliness and family well-being enhance the demand for effective and safe products. As a result, brands are innovating with plant-based detergents and eco-conscious packaging, which not only meet consumer preferences but also align with regulatory pressures, presenting opportunities and challenges for industry stakeholders.

Local special circumstances: In ASEAN, the Laundry Care market is shaped by diverse local factors that influence consumer behavior and product offerings. The region's varying climates, from humid to tropical, necessitate specialized detergents that effectively combat mold and mildew, elevating demand for innovative solutions. Cultural emphasis on hospitality and cleanliness drives households to prioritize laundry care, particularly in countries like Thailand and Indonesia. Additionally, regulatory frameworks promoting eco-friendly initiatives further encourage brands to adopt sustainable practices, aligning with local values and enhancing market competitiveness.

Underlying macroeconomic factors: The Laundry Care market in ASEAN is significantly influenced by macroeconomic factors such as rising disposable incomes, urbanization trends, and shifts in consumer spending. As economies in the region grow, households are increasingly willing to invest in premium laundry products that offer convenience and efficiency. Additionally, fluctuating raw material prices and supply chain dynamics, exacerbated by global economic uncertainties, impact product pricing and availability. Government initiatives promoting sustainability and green technology further drive innovation, compelling brands to align with eco-conscious consumer preferences. These factors collectively shape market performance and competitive dynamics in the region.

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.