Press release
Feminine Hygiene Product Market is anticipated to top a valuation of nearly US$ 39 Bn by 2031
Feminine Hygiene Product Market 2022
The global Feminine Hygiene Product Market is stipulated to witness a CAGR of 6.1% and reach US$ 39 Bn by the year 2031. Digital innovation is the buzzword. As such, digital health unicorns are coming up. Digital upswinging is thus expected to take the entire healthcare vertical by storm in the next 10 years. This would be the state of the healthcare vertical in the near future.
The feminine hygiene products market amounted to a net worth of US$ 21.5 Bn in 2020, and is anticipated to attain a market valuation of US$ 39 Bn by the end of the decade, since analysts at Persistence Market Research have predicted the market to progress at a healthy CAGR of 6.1% through 2031.
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The report has categorically been divided into three sections namely by product type, distribution channel, and region. On the basis of product type, the global feminine hygiene market has been segmented into sanitary napkins/pads, tampons, liners, menstrual cup, and feminine hygiene wash.
On the basis of a distribution channel, the global feminine hygiene market has been segmented into a supermarket, convenience stores, department stores, retail pharmacies, and online purchase. By product type, sanitary napkin/pad segment is expected to expand at highest CAGR of 8.4% over the forecast period, in terms of value, attributed to increasing awareness about the benefits of sanitary napkins/pads. This segment is expected to be valued at US$ 16,896.8 Mn by 2024 end.
By product type, tampons segment is expected to be the second most dominant segment during the forecast period.
By distribution channel, supermarket segment is expected to dominate the global feminine hygiene market over the forecast period, followed by department stores distribution channel segment.
Increasing awareness and high adoption of feminine hygiene products in developing countries are expected to drive demand for feminine hygiene products during the forecast period. Factors such as easy availability and affordable prices of such products are expected to drive revenue growth of the global feminine hygiene market during the forecast period.
The global feminine hygiene market is fragmented in nature, with a prevalence of oligopolistic competition among renowned brands. Established players are focused on manufacturing innovative feminine hygiene products in developed and developing countries to increase revenue generation.
The report offers analysis and insights into each segment of feminine hygiene market in specific regions. On the basis of region, the global feminine hygiene market is segmented into five key regions namely North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East and Africa (MEA). In 2015, Asia Pacific dominated the global feminine hygiene market in terms of revenue and is expected to register a CAGR of 5.4% over the forecast period.
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Company Profiles:
Lil-lets UK Limited
Edgewell Personal Care
Ontex
Sanofi
Johnson & Johnson
Svenska Cellulosa Aktiebolaget SCA
Unicharm Corporation
Procter and Gamble
Diva International Inc.
Kimberly-Clark Corporation
Others.
Key Takeaways from Market Study
Over the next ten years, the feminine hygiene products market is expected to expand at a CAGR of 6.1%.
The market in China is expected to rise at the fastest pace over the decade.
Sanitary napkins and tampons are predicted to dominate the market in terms of market share.
Sales forecasts for feminine hygiene products for 2031 are anticipated to be around US$ 39 Bn.
In terms of value, the retail pharmacies segment is expected to dominate the market over the forecast period.
Demand for feminine hygiene products is expected to be driven by rising awareness regarding feminine hygiene, increasing per capita disposable income, growing standards of living, etc.
"Demand for feminine hygiene products in emerging and developing economies is expected to see a major boost as disposable income increases and lifestyle changes," says a Persistence Market Research analyst.
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Feminine Hygiene Product Market - Report Highlights
A detailed overview of parent market of Feminine Hygiene Product Market
Changing Feminine Hygiene Product Market dynamics in the industry
In-depth segmentation of Feminine Hygiene Product Market
Historical, current, and projected Feminine Hygiene Product Market size regarding volume and value
Recent industry trends and developments in Feminine Hygiene Product Market
Competitive landscape of Feminine Hygiene Product Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Feminine Hygiene Product Market performance
Must-have information for Feminine Hygiene Product Market players to sustain and enhance their market footprint
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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