Global Deodorant and Antiperspirant Market was valued at US$ 30.51 Billion in 2022, exhibiting a CAGR of 6.4% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 50.28 Billion by 2030.
Global Deodorant and Antiperspirant Market- Driver
Factors such as advanced technology, eye-catching designs, and attractive packaging
Factors such as advanced technology, eye-catching designs, and attractive packaging are expected to drive the market growth. Growing demand for smaller size and better spray performance deodorant products as these are handy and easy to use is expected to drive the market growth. Moreover, increasing launch of aluminium-based deodorants with attractive designs for increasing consumer’s base is further expected to drive the market growth of the deodorant and antiperspirant.
Global Deodorant and Antiperspirant Market- Opportunities
Rising Demand for Deodorant among Women
The selection of deodorant and scents that was made available to women was insufficient. The preferences for deodorant among women are strongly compelling the deodorant firm to include this in other views as a consequence of the growing population. Increasing launch of new variety of products, and its different types in fragrance owing to huge demand and sales of deodorants is expected to drive the market growth.
Global Deodorant and Antiperspirant Market- Restraints
Multiple Issues Associated With Deodorants Market
This deodorants market report includes information on recent developments, trade laws, import-export analysis, production analysis, value chain optimisation, market share, the effects of domestic and localised request players, strategic market growth analysis, request size, order market expansions, operation niches and dominance, product blessings, product launches, and geographical trends. Contact Data Bridge Market Research for a Critic Detail to learn more about the deodorant market. Our staff will assist you in making an informed choice to expand your business.
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https://www.coherentmarketinsights.com/market-insight/deodorant-and-antiperspirant-market-4690
Key Takeaways:
New product launches, merger & acquisitions, strategic partnership, expansion, and research & development activities. For instance, Nivea Whitening deodorant, a popular brand marketed by Beiersdorf, consists of Cyclomethicone to provide skin smoothening and whitening effects. Thus, introduction of such high-quality ingredients in deodorants and antiperspirants is expected to drive the market growth.
Global Deodorant and Antiperspirant Market- Trends
Growing Strategic Partnership and Agreement among Key Manufacturers
Growing strategic partnership and agreement among key manufacturers is an emerging trend in the market. For instance, in April 2020, Old Spice and Secret are the first major brands to introduce all-paper, plastic-free, deodorant packaging available in select Walmart Stores. The first all-paper tube package for select Deodorants from Old Spice and Secret are plastic-waste reduction-focused and contain no aluminium.
Global Deodorant and Antiperspirant Market- Competitive Section
- Unilever
- Procter & Gamble
- Godrej Consumer Products Ltd.
- Beiersdorf AG
- Avon Products Inc.
- Henkel AG & Co. Kraal
- CavinKare Pvt Ltd.
