Portland, OR, Dec. 15, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Australia period care market was pegged at $630.0 million in 2020 and is estimated to hit $1.02 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Rise in literacy and awareness of period care products in Australia, increase in number of working women and several innovations in products drive the growth of the Australia period care market. On the other hand, surge in health concerns among buyers related to materials used in conventional products restrain the growth to some extent. However, growing demand for reusable period care products and upsurge in demand for organic, biodegradable, and compostable period care products are expected to pave the way for lucrative opportunities in the industry.
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COVID-19 scenario-
- Disrupted manufacturing activities and production facilities impacted the Australia period care market negatively, especially during the initial phase of the pandemic.
- However, the market is projected to revive soon.
The Australia period care market is analyzed across product type and distribution channels.
Based on product type, the sanitary pads segment contributed to nearly one-third of the total market share in 2020, and is expected to lead the trail by 2030. The period underwear segment, however, would also cite the fastest CAGR of 7.4% from 2021 to 2030.
Based on distribution channel, the grocery store segment accounted for nearly one-third of the total market revenue in share in 2020, and is anticipated to rule the roost by 2030. The pure play online segment, on the other hand, would grow at the fastest CAGR of 7.4% from 2021 to 2027.
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The leading market players analyzed in the Australia period care market report include Kimberly-Clark Corporation, Procter & Gamble Co., Edgewell Personal Care Company, Bonds Love Luna, Unicharm Corporation, Knicked, Wunderthings, Modibodi, and Juju. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
