Antiperspirant Market to 2028, Future Outlook, COVID-19 Impact Analysis, Forecast -2028

The global antiperspirant market is anticipated to grow at a CAGR of 3.0% during the forecast period (2022-2028).

An antiperspirant is a substance that is applied directly to the skin by spraying. Antiperspirant sticks easily and dries quickly which reduces the wetness. This technology has been used for a long time in cosmetic applications such as deodorants, fragrances, and many more. With the new advancement in technology and increasing concern regarding personal hygiene among young people, antiperspirants are becoming very popular. These are some driving factors supporting the growth of the market. Additionally, the increasing prevalence of hyperhidrosis is further driving the demand for antiperspirants as it is considered to be the first line of treatment for excessive sweating of the underarms, hands, feet, and sometimes face. However, the use of aluminum in antiperspirants restraints the growth of the market. As aluminum salt is one of the key ingredients used in antiperspirants as it prevents sweating which restrains bacterial growth and body odor. Usage of antiperspirants that contain aluminum salt leads to the deposition of aluminum salts over pores of the skin, which could be harmful to a certain extent.

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The market is segmented based on the type and application. Based on the type, the market is sub-segmented into physical type, chemical type, microbial type, and compound type. The physical type of antiperspirant is used as it uses aluminum salts as the active ingredient. These work by forming a gel when they come in contact with sweat and water. Physical types are available as an aerosol, roll-on, or stick. A chemical type of antiperspirant is used as it uses a combination of aluminum chlorohydrate and zirconium compounds to temporarily block the sweat glands from releasing sweat. Microbial spray antiperspirant is used as it contains a natural enzyme, which is obtained from micro-organisms to reduce sweating. This product is used in the treatment of hyperhidrosis (excessive sweating), and it also reduces the odor caused by sweat. Compound type is an antiperspirant used as it contains two or more active ingredients. These ingredients work together to provide the desired level of protection against sweat and body odor.

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Some major players in the market include Amway Corp., L'Oreal S.A., and Beiersdorf AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021 Beiersdorf AG announced the entering into a final agreement to acquire Chantecaille Beaute.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Amway Corp., L'Oreal S.A., and Beiersdorf AG, among others .

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Antiperspirant Market Report by Segment

By Type
• Physical Type
• Chemical Type
• Microbial Type
• Compound Type

By Application
• Household
• Hospital
• Others

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This release was published on openPR.