Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Global Deodorants Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global deodorants market was valued at US$75 billion in 2021, and it is expected to reach US$97.20 billion in 2027, at a CAGR of 4.42% during the forecast period of 2022-2027.
Companies Mentioned
- Henkel Adhesives Technologies India Private Limited (Germany)
- Procter & Gamble (U.S.)
- Unilever (U.K.)
- Coty Inc.(U.S.)
- Kao Corporation (Japan)
- Beiersdorf (Germany)
- L'Oreal Groups (France)
- The Avon Company (U.K.)
- L'Occitane International S.A. (France)
- Elsa's (U.S.)
Deodorants are fragrance products that people use to cover up unpleasant body odor caused by bacterial development. Deodorants are crucial for stopping bacterial decomposition.
The demand for herbal and organic deodorants is also being driven by an increase in consumer knowledge of the advantages of therapeutic fragrances and new products. Furthermore, a rise in health awareness regarding the toxicity of aluminium used in deodorant is anticipated to accelerate the growth of the deodorant market.
Market Drivers
The diversity of deodorants and scents that have been designated for women in recent years has not been sufficiently explored by women.
The preferences for deodorant among women are strongly compelling the deodorant firm to include this in other views as a result of the growing population.
Due to the need for and predicted sales of deodorants, a wider range of products are being introduced, boosting consumer options. Due to the rising desire for natural and organic products, personal hygiene has become more important throughout the projection period. This has significantly raised demand for organic deodorant.
Market Restraints
It is projected that the availability of alternatives will hinder market growth over the projection period. Additionally, the pricey nature of the product is probably going to deter budget-conscious buyers, reducing the rate of market expansion.
Market Segmentation
By Products
- Spray
- Creams
- Roll-On
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Pharmacies and drug stores
- Online Retail
- Others
By End User
- Men
- Women
- Others
Key Question Addressed by the Report
- What are the Key opportunities in Global Deodorants Market?
- What will be the growth rate from 2022 to 2027?
- Which segment or region will have the highest growth?
- What are the factors that will impact or drive the market?
- What is the role of key players in the value chain?
For more information about this report visit https://www.researchandmarkets.com/r/sb3sjl
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