SEATTLE, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The global mouthwash market was valued at US$ 1,817.8 million in 2017 and is projected to exhibit a CAGR of 5.2% over the forecast period (2018–2026).
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Key Trends and Analysis of the Mouthwash Market:
Stringent regulations on mouthwash products are boosting demand for quality mouthwash products in the global market. The Health Sciences Authority (HSA), in conjunction with the full implementation of ASEAN Cosmetic Directive, reviewed the regulatory control for oral and dental hygiene products, particularly mouthwashes. Prior to the implementation of controls for cosmetic products under the Health Products Act in 2008, mouthwash products were regulated under the Medicines Act as medicinal products. With the transfer of the legislative control to the Health Products Act, this group of products are now brought under the regulation of the Health Products (Cosmetic Products - ASEAN Cosmetic Directive) Regulations as cosmetic products.
Under these regulations, companies that intend to supply a cosmetic product in Singapore are required to notify the Health Sciences Authority prior to supplying the product in the local market. The companies are also required to fulfill their obligations under the Regulations to comply with the requirements under the ASEAN Cosmetic Directive.
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Key Market Takeaways:
- The market is expected to exhibit a CAGR of 5.2% during the forecast period (2018–2026) and this is attributed to increasing prevalence of dental problems and rising awareness regarding oral hygiene
- North America accounted for significant market share of 15.6% in 2017. This is due to stringent norms on mouthwash pertaining to its usage and product quality. For instance, in Canada, Natural Health Product (or NHP) is a term used to refer to a range of health products including everyday consumer products such as certain toothpastes, antiperspirants, shampoos, and facial products. Mouthwashes are also classified as NHPs in Canada due to its medicinal ingredients and intended uses. The purpose of the regulation is to assure that people in the country have access to NHPs that are safe, effective, and of high quality. To be legally sold in Canada, all NHPs must have a product license, and the Canadian sites which manufacture, package, label, and import these products must have site licenses. There are specific labelling and packaging requirements as well as good manufacturing practice standards and evidence norms that must be met, in order to obtain product and site licenses.
- Among product type, cosmetics segment accounted for largest revenue share of 32.7% in the global mouthwash market in 2017. The segment was valued at US$ 593.8 Million in 2017 and is expected to witness a CAGR of 3.8% during the forecast period.
- Cosmetic mouthwashes temporarily mask bad breath. These mouthwashes may have a mint flavor and can be used for a quick fix of the bad breath. Cosmetic oral rinses are available as commercial OTC (over-the-counter) solutions, which rinse away oral debris, diminish bacteria in the mouth, and leave a pleasant and refreshing taste. Some oral rinses contain whiteners to help whiten the teeth. Whitening teeth may improve the consumer’s appearance, however it does not provide oral health benefits.
- Key players operating in the global mouthwash market include Colgate-Palmolive Company, Johnson & Johnson Inc., The Himalaya Drug Company, Amway Corporation, GlaxoSmithKline Plc., Lion Corporation, Caldwell Consumer Health, LLC, Uncle Harry's Natural Products, and Triumph Pharmaceuticals, Inc.
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