Oral Hygiene Market Projections & Future Opportunities Recorded for the Period until 2022 || Key Players - LG Electronics Inc., GlaxoSmithKline plc, Koninklijke Philips N.V., The Himalaya Drug Company, Lion Corporation, Colgate-Palmolive Company
Fact.MR prognosticates the global oral hygiene market to expand at a 5.0% CAGR during the forecast tenure 2017-2022 to be valued at a US$60.0 bn by the end of 2022. In 2017, the global oral hygiene market was worth a US$48.0 bn.
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According to type of product, the global oral hygiene market is segregated into different classifications, amongst which toothpaste and toothbrush are foreseen to secure a three-fourth of the total share. By the final forecast year, toothpaste could account for a US$6.6 bn of the global oral hygiene market revenue. Talking about toothbrush’s revenue share, it scored well passed a US$10.0 bn in 2017. Regionally, Europe collects a larger share of the toothpaste market for oral hygiene. Key stakeholders functioning in the market may find the region’s 4.8% CAGR worth their money and time spent.
Besides toothpaste and toothbrush, there are other products that could become more prominent in the global oral hygiene market. For instance, dental floss and mouthwash/dental rinse are prophesied make the cut in the global oral hygiene market, drawing more than 10.0% revenue shares. This could make their market size more or less the same by the concluding forecast year. Nevertheless, players may not ignore the prediction of dental floss’ higher CAGR compared to mouthwash/dental rinse. They could take this situation of the global oral hygiene market into account when strategizing their moves in the business.
Europe is projected to create larger opportunities in the dental floss market for oral hygiene. Nonetheless, APEJ could be as attracted as the developed region, considering its similar CAGR.
By distribution channel, hypermarket is envisaged to gain traction in the global oral hygiene market during the completion of the forecast tenure. This could be because of almost half of the total revenue share of the global oral hygiene market earned in the recent time. Hypermarket is forecast to maintain its dominance on the global oral hygiene market even in the near future. Its market for oral hygiene could expand at a healthy CAGR during the forecast period. Since North America and Europe already have expansive supermarkets, players are turn their attention to APEJ to attain growth. APEJ could push its growth to a US$6.0 bn by 2022 as strong infrastructure development continues to be accentuated.
The ecommerce revolution has taken some huge strides in the recent years, impacting different industry verticals. However, it has had little impact on the global oral hygiene market. Online sales bags a mere market share of 13.0% in terms of revenue. However, there could be aggressive improvement observed in the coming years as emerging regions in APEJ see increased internet connectivity. The 7.0% CAGR of APEJ could be evident of this possibility. Increasing awareness among people about maintaining their well-being is envisioned to stimulate the rise of more sales of oral hygiene products.
On the basis of product type, the global oral hygiene market is divided into dental accessories, dental floss, mouthwash/dental rinse, toothbrush, and toothpaste. Holding over 10.0% revenue shares of the global oral hygiene market, dental floss and mouthwash/dental rinse are projected to generate strong profits for manufacturers. Although their market size could be very similar by the final forecast year, dental floss is forecast to exhibit higher CAGR, which could drive manufacturers to change their business tactics accordingly. In the long term, APEJ is anticipated to emerge as a sensational regional market for oral hygiene as it registers a CAGR similar to that of Europe, which is a larger contributor to the dental floss market.
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