Description
Antiperspirants and Deodorants Market to surpass USD 99423.16 million by 2031 from USD 77170.7 million in 2021 at a CAGR of 2.57% within the coming years, i.e., 2021-31.
Antiperspirants and Deodorants Market Product Overview
Antiperspirants and Deodorant is a personal sanitation product applied to the body to prevent body odor. Antiperspirant prevents sweating by reducing wetness on the skin where perspiration-causing bacteria boom. Antiperspirants target the odor of the body and reduce sweating by affecting sweat glands.
Antiperspirants are mainly applied to the underarms of the body, on the other hand, Deodorants are sprayed to the feet and other body parts. Deodorants and Antiperspirants are mostly confused as similar produces, but they both are different and application and function. Antiperspirants control sweating and odor whereas Deodorants only prevent body odor but are unable to control sweat.
Market Highlights
Antiperspirants and Deodorants Market is predicted to project a notable CAGR of 2.57% in 2031.
The broad expansion, with increased awareness of hygiene, should enhance to the demand for Antiperspirants and Deodorants. The rising demand for such a friendly and convenient product and rising Disposable income of consumers in emerging countries are making the growth during the timeframe.
Market Segments
Aluminum Salt to grow with the highest CAGR during 2021-2031
Antiperspirants and Deodorants Market is segmented by Ingredient type Alcohol, Aluminum Salts, Antimicrobials, Fragrance and Skin Conditioners, and Others. The Aluminum segment is projected to lead the global market, thus restraining bacterial growth and body odor. Usage of Antiperspirants and Deodorants that contain aluminum salts leads to the disposition of Aluminum salts over the pores.
Aerosol Sprays segment to grow with the highest CAGR during 2021-2031
Based on Function Type the market is categorized as Aerosol Sprays, Creams, Roll-on, and Gel. Aerosol Sprays is the largest as well as fastest-growing product segment driven by ease of use. Aerosol Sprays are estimated to dominate this global market due to their easiness of working conditions and availability.
Market Dynamics
Drivers
Growing Demand Among Youth
Major factor that will likely boost the Antiperspirants and Deodorants Market growth in the forecast period is the growing demand for Antiperspirants and Deodorants Market is mostly by the youth population. The rising demand for Antiperspirants and Deodorants by women is also projected to further boost the growth. Furthermore, it has been observed that deodorants are among the topmost product for everyday grooming by women buyers. These factors drive the Antiperspirants and Deodorants Market high.
Increasing Population and Rise in Disposable Income
The increasing population with rising disposable income in developing economies such as China and India is estimated to drive the deodorants and antiperspirants market globally. Increasing disposable income allows the consumer to spend more on luxury goods, Antiperspirants and Deodorants being one among them. From being non-essential goods, Antiperspirants and Deodorants have appeared out as essential products in today’s era.
Restraints
Use Of Chemicals
An increase in concern among customers regarding the possible health issues due to some ingredients used in Antiperspirants and Deodorants products could lower the demand for these goods. Growth in environmental concerns could also pose a challenge for the global Deodorant and Antiperspirants for the global Antiperspirants and Deodorants ingredient market.
Impact of the COVID-19 on the Antiperspirants and Deodorants Market
The world market for Antiperspirants and Deodorants Market has been severely affected by the outbreak of the COVID19 pandemic. The suspension of industrial activity affected the Antiperspirants and Deodorants Market due to weak consumer confidence, store closures, and depletion of consumer incomes. Global GDP has changed consumer behavior and reduced demand for Sports Equipment. To curb the spread of the coronavirus, the governments of several countries have imposed travel restrictions that severely affect the supply of raw materials for coffee makers. The market is projected to resume its business after the end of the curbs-on movement.
Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Shiseido
Unilever Company
AKZO Nobel
Avon
BASF
Firmenich
Givaudan
IFF
L’Oréal
Revlon
Procter & Gamble
Wacker Chemie
Other prominent players
Antiperspirants and Deodorants Market: Regions
Antiperspirants and Deodorants Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America is estimated to contribute the largest share of the Antiperspirants and Deodorants Market during the forecast period. A rise in health concerns of consumers in the emerging countries is estimated to fuel the North America Antiperspirants and Deodorants Market.
The Market is further segmented by region into:
North America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-United States and Canada
Latin America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR- United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
The Middle East and Africa Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Antiperspirants and Deodorants Market report also contains analysis on:
Antiperspirants and Deodorants Market Segments:
By Foam Type
Spray
Roll-On
Sticks and others
others
By Ingredient
Alcohol
Aluminum Salts
Antimicrobials
Fragrance
Skin Conditioners
Others
By Function
Aerosol Sprays
Creams
Roll-on and
Gel
others
By Distribution
Household
Online Retail
Pharmacy
Cosmetic Discounters
Department and
Discount Stores
Others
Antiperspirants and Deodorants Market Dynamics
Antiperspirants and Deodorants Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value chain of the Market
Market Drivers and Restraints
Antiperspirants and Deodorants Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 77170.7 million
Revenue forecast in 2031 USD 99423.16 million
Growth Rate CAGR of 2.57% from 2021 to 2031
Base year for estimation 2021
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Foam Type, Ingredient, Distribution, Application, and Region
Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Avon, Shiseido, Unilever Company, AKZO Nobel, Avon, BASF, Firmenich, Givaudan, IFF, L’Oréal, Revlon, Procter & Gamble, Wacker Chemie
Frequently Asked Questions on the Antiperspirants and Deodorants Market
Q1. How widely can an Antiperspirants and Deodorants Market expand?
Q2. Who are the key players in the Antiperspirants and Deodorants Market?
Q3. Which segment is anticipated to hold the largest Antiperspirants and Deodorants Market share?
Q4. What could be the factors driving the growth of the Antiperspirants and Deodorants Market?
Q5. What could be the exigent factors in the growth of the Antiperspirants and Deodorants Market?
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