Deodorant and Antiperspirant Ingredients Market 2022
The global deodorant and antiperspirant ingredients market accounts for a worth of US$ 23 Bn at present. The industry is anticipated to expand at a CAGR of 5.5% over the decade and attain a value of nearly US$ 39.7 Bn in 2031. High cost of natural ingredient-based deodorants, urbanization in emerging nations, variety of fragrances, and companies offering value for money in terms of quantity are major factors sculpting demand for deodorant and antiperspirant ingredients.
The report on Deodorant and Antiperspirant Ingredients Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2030. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
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Key Companies-
- Unilever Company.
- Procter & Gamble.
- L’Oreal Company.
- Avon Product Inc.
- Shiseido.
- CavinKare Pvt. Ltd.
- Henkel AG & Company KGaA.
- Beiersdorf AG.
- Godrej Consumer Products Ltd.
- Other.
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Aerosol deodorants and antiperspirants contribute highest in terms of demand and share the global deodorant and antiperspirants ingredients market as compared to other product types. In terms of ingredients, alcohol accounted for the largest market share in the global deodorant and antiperspirant ingredients market as compared to other ingredients, which is anticipated to expand at a significant CAGR over the forecast period.
However, growing concerns among consumers regarding possible health issues some ingredients used in deodorant and antiperspirant products could cause, and growing environmental concerns could pose a challenge for the growth of the global deodorant and antiperspirant ingredients market. The global deodorant and antiperspirant ingredients market is segmented into deodorant type, antiperspirant type, deodorant and antiperspirant ingredients, and by geography. By deodorant product type, the market is segmented into aerosol deodorants, roll on deodorants, creams & wipes deodorants, sticks & solids deodorants, and others. Among these segments, the aerosol deodorant segment is expected to account for nearly 7/10 revenue share of the overall market by 2021.
Furthermore, it is expected to dominate the global deodorant market throughout the forecast period, exhibiting a positive CAGR. By antiperspirant product type, the market is segmented into aerosol antiperspirant, roll on antiperspirant, sticks & solids antiperspirant, and others. On the basis of ingredients, the global deodorant and antiperspirant ingredients market is segmented into alcohol, aluminum, antimicrobials, base/ carrier substances, conditioner & moisturizer, fragrances, parabens & propellants, and others.
Among the aforementioned segments, alcohol ingredient segment is expected to dominate the global market with over 3/10 market share in terms of volume throughout the forecast period. Increasing demand for deodorant and antiperspirant products with long-lasting fragrance and effective antibacterial properties is a factor expected to further propel demand for ingredients.
On the basis of region, Europe is anticipated to dominate the global deodorant and antiperspirant market in 2031, followed by North America and Asia-Pacific. Europe is expected to remain the dominant market with over 3/10 market revenue share throughout the forecast period.
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Deodorant and Antiperspirant Ingredients Market – Report Highlights
- A detailed overview of parent market of Deodorant and Antiperspirant Ingredients Market
- Changing Deodorant and Antiperspirant Ingredients Market dynamics in the industry
- In-depth segmentation of the Deodorant and Antiperspirant Ingredients Market
- Historical, current, and projected Deodorant and Antiperspirant Ingredients Market size regarding volume and value
- Recent industry trends and developments in Deodorant and Antiperspirant Ingredients Market
- Competitive landscape of the Deodorant and Antiperspirant Ingredients Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Deodorant and Antiperspirant Ingredients Market performance
- Must-have information for Deodorant and Antiperspirant Ingredients Market players to sustain and enhance their market footprint
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