GCC countries’ market is anticipated to grow at a considerable CAGR 6% during the forecast period (2022-2028). The presence of major players coupled with their benchmarking services is anticipated to drive the growth of the GCC countries’ laundry care market. For instance, in September 2019, Kuwait Technology Co. built an online marketplace “Just Clean” for the $3 billion laundry industry in the Gulf region. This outlined its dynamic expansion plans to bring monthly growth in the international market. The Just Clean app has signed more than 300 laundry businesses in Kuwait, Bahrain, the UAE, and Saudi Arabia. Moreover, the company opened five laundries in Kuwait in 2020 as a part of its logistics operation. Just Clean consists of operations in the Eastern Province of Saudi Arabia, Jeddah, and Riyadh. Additionally, in February 2019, Faith Capital had closed an $8 million Series A round of financing in the company, enabling its growth across the GCC region, while also expanding the logistics and SaaS arms of the business. Thus, such benchmarking services by major players are anticipated to drive the demand for the GCC countries’ laundry care market during the forecast period.
The rising number of tourists has further driven the growth of the GCC countries’ laundry care market. According to the Ministry of Economy, Hospitality establishments in UAE witnessed 14.8 million guests who spent 54.2 million in 20189 in different establishments that provided approximately 180,000 rooms. This counts the average stay to 3.7 nights per guest. Thus, the rising number of tourists is anticipated to fuel the demand for GCC countries’ laundry care market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Distribution Channel
- Competitive Landscape- Procter & Gamble Co., Unilever Plc, and Amway Corp among others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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GCC Countries Laundry Care Market Report by Segment
By Product Type
- Fabric Softeners
- Laundry Detergents
By Distribution Channel
- Wholesalers & Distributors,
- Supermarkets & Hypermarkets
- Convenience Stores
- E-commerce
- Grocery Stores
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