The Global Antiperspirants and Deodorants Market is growing
worldwide due to rising awareness about personal hygiene and increasing
purchasing power of the consumers. A variety of antiperspirants and deodorants
have been introduced by companies with different characteristics and forms to
cater to the consumer demand for various body-odor related products. The global
antiperspirants and deodorants market is expected to garner a revenue of USD 70
Billion by 2024 and projected to record a CAGR of 3.5% during the forecast
period of 2019 to2024. The companies, involved in the global antiperspirants
and deodorants market, are expected to witness several lucrative opportunities
in the coming years owing to rapid urbanization and growing awareness of
consumers about personal care. This is expected to drive the demand for
antiperspirants and deodorants among the consumers across the world.
Antiperspirants
market Analysis
By distribution channel, the global antiperspirants and
deodorants market has been bifurcated into store-based and non-store-based. The
store-based segment has further been divided into supermarkets and
hypermarkets, convenience stores, and others. The store-based segment is
projected to account for the larger market share due to the widespread
availability of antiperspirants and deodorants in supermarkets and
hypermarkets. Moreover, there is a higher preference toward store-based channels,
among consumers, as it provides a one-stop shopping experience. However, the
non-store-based segment is projected to register the higher CAGR due to the
increasing use of e-commerce in personal-care retail.
Key Players
Some of the key players in the global antiperspirants and
deodorants market are The Procter & Gamble Company (US), Henkel AG &
Co. KGaA (Germany), Coty Inc. (US), Unilever Plc (UK), L`Oreal S.A. (France),
Beiersdorf AG (Germany), L'Occitane International S.A. (Luxembourg), Avon
Products, Inc. (UK), Colgate-Palmolive Company (US), Kao Corporation (Japan),
Godrej & Boyce Manufacturing Company Limited (India), Nike, Inc. (US),
CavinKare Pvt. Ltd. (India), Church & Dwight Co., Inc. (US), and Benetton
Group S.r.l. (Italy).
Regional Analysis
The global antiperspirants and deodorants market has
been segmented, on the basis of region, into North America, Europe,
Asia-Pacific, and the rest of the world.
The market in Asia-Pacific is expected to dominate owing to
consumers becoming more aware about personal care and hygiene, leading to high
expenditure on personal care products. Additionally, due to hot climatic
conditions in countries such as India, Malaysia, and Australia, consumers
prefer antiperspirant products to keep themselves sweat-free.
The market in North America is expected to be the
fastest-growing due to the rising expenditure on personal care products by
consumers.
Complete Report Details @ https://www.marketresearchfuture.com/reports/antiperspirants-and-deodorants-market-7918
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