Global toothpaste market to reach $ 17.6 billion by 2024
SAN FRANCISCO, August 6, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Toothpaste – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 16; Posted: May 2021
Executive pool: 10803
Companies: 142 – Players covered include CCA Industries, Inc .; Church & Dwight Co., Inc .; Colgate-Palmolive (India) Ltd. ; Colgate-Palmolive Company; Dabur India Ltd .; GlaxoSmithKline PLC; Henkel AG & Co. KGaA; Hindustan Unilever Ltd .; LG Household & Health Care Ltd .; Lion Society; Patanjali Ayurved Limited; Procter & Gamble Company; Ranir, LLC; Sunstar Suisse SA; Unilever plc et al.
Blanket: All major geographies and key segments
Segments: Product segment (regular, anti-cavities, whitening, for children, desensitizer, gum protection, multi-benefits and tartar control)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Toothpaste Market To Reach $ 17.6 billion by 2024
Oral care is an essential and extremely important aspect of personal hygiene for consumers around the world. With the importance of teeth for crushing, chewing, and grinding food, there is an increasing emphasis on oral hygiene to maintain healthy teeth and mouth. The increased emphasis on oral care is also driven by consumers’ desire to prevent common and preventable oral problems such as tooth loss and tooth decay. A wide variety of oral care products are currently available to provide hygiene for the mouth and teeth, including toothbrush, toothpaste, and mouthwash, among others. Amid COVID-19 Crisis, Global Toothpaste Market Expected to Reach US $ 17.6 billion by 2024, registering a compound annual growth rate (CAGR) of 4.4% over the analysis period. Europe represents the largest regional market for toothpaste, accounting for an estimated 37.7% share of the global total. The market is expected to reach 6.7 billion US dollars before the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 6.7% during the analysis period.
The market continues to be propelled by the growing awareness of oral hygiene, the growing dental needs of an aging population and the advent of technologically advanced products. The market benefits from the efforts of manufacturers to develop and launch new and advanced products, due to changing consumer preferences. For example, in recent years, the oral care market has been influenced by the growing popularity of whitening toothpaste, the growing demand for automated toothbrushes, and the growing use of online portals by customers for purchasing. oral care products. The oral care product market is also seeing manufacturers resort to region-specific product launches, to meet local or regional customer needs. Most of the growth in the oral care market will come from the rapidly growing developing economies of Asia Pacific, Middle East and Latin America. Rising population, increasing middle class population and increasing disposable income of people are contributing to increased demand for oral hygiene products in emerging markets. Despite the forecast of stable growth for the oral care market, there are potential obstacles to growth in the form of lack of awareness of advanced dental products, rising cost of oral care products and increased competition in the market.
The multi-benefit toothpaste market is expected to witness the fastest growing during the analysis period. Multifunctional toothpastes are popular and innovations are driving growth in the mature market. As the oral care segment is a mature market, provides opportunities for resellers and retailers by providing multifunctional toothpastes to consumers. For example, companies are launching toothpastes that not only provide a whitening effect but also fight plaque, stains, bad breath, sensitivity, cavities, tartar, and gingivitis. The continuous increase in population and increasing awareness of oral hygiene play a major role in the dynamism of the market. Companies are mainly focusing on the young brigade by introducing toothpastes that appeal to teenage consumers. Following
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SOURCE Global Industry Analysts, Inc.