Press release
Global Deodorants Market for Forecast Period 2017 – 2022
Fact.MR
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According to a recent report by Fact.MR, the global deodorants market is projected to register an impressive 7.1% CAGR over the forecast period 2017 to 2027. Over the recent years, the demand for deodorants has witnessed an exponential growth on the back of robust adoption by women in their daily grooming routine. The global market for deodorants is expected to surpass US$ 30 Bn in revenues by 2022.
This report offers an overview of the global deodorants market. This comprises an introduction to the market, along with a standard definition of the product – deodorants. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global deodorants market, the report provides updates about market opportunities, which can benefit leading manufacturers of deodorants. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for deodorants manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
6 Estimations for the Global Deodorants Market
1) In terms of revenues, Europe will remain the most lucrative market for deodorants. The market for deodorants in Europe is anticipated to hold the largest market share during the forecast period.
2) Asia Pacific Excluding Japan (APEJ) is estimated to be the second largest market for deodorants by 2022-end. Deodorants sales in Middle East & Africa (MEA) are expected to exhibit the highest CAGR in the market through 2022.
3) Hypermarkets will remain dominant among distribution channels in the global market for deodorants. In terms of revenues, deodorants sales in hypermarkets are expected to account for largest market share throughout the forecast period.
4) Sales of deodorants in online distribution channels are estimated to register the highest CAGR through 2022.
5) Spray deodorants will continue to be sought-after among products in the market. Sales of spray deodorants are anticipated to exhibit the fastest expansion during the forecast period, followed by roll-on deodorants.
6) Sales of stick deodorants will exhibit a comparatively lower CAGR through 2022 in the market. In terms of market share, stick deodorants will lose 61 BPS between 2017 and 2022.
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Europe to Remain the Largest Market for Deodorants
Europe will continue to be the largest market for deodorants, in terms of revenues. The deodorants market in Europe is estimated to account for largest share of the market during the forecast period. Asia-Pacific excluding Japan (APEJ) is expected to be the second most lucrative region for growth of the deodorants market by 2022-end. In addition, sales of deodorants in Middle East & Africa (MEA) will register the highest CAGR through 2022.
Competition Tracking
Unilever PLC., The Procter & Gamble Company, Lion Corporation, Henkel AG & Co. KGaA, Colgate-Palmolive Company, Church & Dwight Co., Inc., CavinKare Pvt. Ltd., Beiersdorf Aktiengesellschaft, Avon Products, Inc., and Adidas AG are profiled as leading deodorants market players expected to remain active during the forecast period.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods MarketResearch Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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