Oral Care Market is Expected to Top Industry Valuation at a US$ 96.1 Bn in 2031

The oral care market is expected to rise a register growth at a CAGR 5.6% during the forecast period 2021-2031. Global sales of oral care are expected to top US$ 96.1 Bn in 2031

As a result of the increase in prevalence of dental disease worldwide, people are focusing on oral hygiene more than ever before. Coupled with this, the growing awareness regarding the importance of maintaining oral hygiene has led to rise in expenditure on dental healthcare. Product innovation by the key players and their investment in promotional activities and marketing to touch base the maximum consumer base will aid expansion of the global oral care market.

Moreover, the existence of private/small clinics equipped with dental dispensaries are few of the factors fueling oral care sales. However, competitors are facing a surge of competitive pricing and limited consumer awareness of technological innovations is hindering the growth of the oral care or oral hygiene market.

Over the last few years, there has been a remarkable increase in the volume of oral-related medical problems. As indicated by the WHO, oral sicknesses are the fourth costliest illnesses for therapy in developing nations.

Driven by the rising incidence of oral diseases, precautionary oral care products have become substitutions than going for medication. Moreover, increasing spending on oral care is paving way for the expansion of the oral care market.

In its recent edition of the study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors fuelling the demand for oral care products. The report tracks the demand for oral care in 20+ high-growth countries, along with analysing the impact COVID-19 has had on the market.

Request Sample Report@https://www.futuremarketinsights.com/reports/sample/rep-gb-13042

How Future Outlook of Oral Care Market Compares with Historical Sales?

According the World Health Organization (WHO) over 530 million children suffer from dental disease (dental caries) of primary teeth. The three most common cancers in some of the countries in Asia Pacific include oral cancer such as cancer of the lip or mouth.

Bacterial biofilm formation occur when microorganisms irreversibly attach to and then grow on teeth surface. When biofilm aggregation on dental or gingival tissues happens for a specific timeframe and combined with others factors, it can lead to dental caries or periodontal infection - the key reason for tooth decay.

Because of technological upgrades in the oral care industry, home-use oral care items are easily accessible to shoppers and in a wide range of variety. The toothbrush head is introduced in various structures and sizes; bristles are introduced in various hardness choices (hard, medium, delicate or extra-delicate).

Toothpastes are introduced in various groupings of fluoride and extraordinary renditions present characteristic segments, for example, propolis and jua, for explicit purposes, as tooth blanching, dental disintegration control or to decrease affectability. Mouth washes have a restorative or helpful use, only for mouth refreshing or for controlling plaque, gum disease, and dental caries.

Easy accessibility of a wide range of oral care products and effective marketing strategies have been enabling growth in the market.

Use promo code ->> FMITODAY to get flat 30% discount@https://www.futuremarketinsights.com/checkout/13042

How Has Oral Care Product Manufacturers Responded to COVID-19?

The oral care market like any other industry had to witness supply-chain disruptions caused amid COVID-19. Restrictions imposed amid lockdown caused the growth trajectory to flatten. However, leading companies continued their production activities despite restrictions since oral care products are classified as essential consumer good items.

Consumers' purchasing pattern has been shifted to online shopping due to quarantine measures and social distancing protocols which effected the sales of oral care product. As a result some of the leading brands increasing focus on improving their online presence.

Will NV-HAP Prevention Protocols Create Growth Opportunities?

According to the World Health Organization (WHO), about 27.3% of patients conceded in Intensive Care Units (ICUs) fall debilitated to Non-Ventilator Hospital-Acquired Pneumonia (NV-HAP). To counter the frequency of NV-HAP, clinics are commanding administrative conventions for oral preventive consideration in ICUs, which will offer is a worthwhile chance for major parts in the oral care industry to satisfy the developing need for oral care items from the medical clinics. Accordingly, clinics go about as the most rewarding end-use divert in improving income for the makers of oral care items.

How is Increasing Healthcare Investment Fuelling Demand?

The increase in the aging population coupled with the rising prevalence of chronic diseases has been fuelling the demand for effective healthcare infrastructure. Owing to this, healthcare expenditure has increased over the past few years. Oral related problems - being a health issue in 91% of the population among ages 20 to 64 - have propelled the need for oral care products.

Oral care products have proven effective in in providing needed oral care. Also availability of a wide variety of products such as flavored oral care swabs and oral care kits have been enabling growth in the market.

On the other hand, an increase in the number of health facilities and rising disposable income of consumers in developing economies will spur the demand for oral care products.

Growing Awareness Regarding Oral Hygiene Driving Growth

Oral hygiene awareness is one of the major contributors to market growth. Both dentists and key players conduct various seminars and programs to increase awareness about dental hygiene. This is helping players to showcase their product portfolio, thereby fuelling the adoption of oral care products.

There has been a marked shift in the retailing of oral care products across the globe in recent years. Online retailers are gradually being preferred over traditional distributors, retailers, and pharmacies. Purchasing oral care products through e-commerce portals offers several advantages, such as the availability of multi-brand oral care products at relatively lower prices, ease of purchasing, and free shipping. The successful sales of oral care products through e-commerce has prompted increasing investment towards these channels by major market players.

Is Increasing Competition in Oral Care Market Escalating Price Pressure?

The oral care market is highly competitive exhibiting the presence of an increasing number of players operating at the regional level. The emergence of local players in developing markets such as India, China, and Brazil further increases the pricing pressure on global players. Local/regional players offer oral care products at discounted prices as compared to the global players and sell their products through e-commerce channels at low prices, creating pricing pressure on global players.

Why is there High Dependency on Retail/Consumer Stores?

Prominent players in the oral care market are highly dependent on retail stores as they are the immediate customers for manufacturers. Large stores/supermarkets such as Wal-Mart, Target, and Costco have high bargaining strength; the continued trend of consolidation among retailers could thus create a cost and margin pressure on manufacturers. Furthermore, the high bargaining power of buyers may negatively impact the business of manufacturers.

Oral Care Market Country Wise Analysis

How big is the Opportunity for Oral Care Market in US?

The oral care market in North America is worth worth multi-billion dollars. It is expected to register growth at a positive pace through the forecast period. Within North America, the U.S. has emerged as a key market. The high spending power of consumers in the U.S. has been enabling sales of oral care products in the country. Also presence of some of the leading players has been supporting expansion in the U.S.

Besides this impressive penetration of online channels have been supporting expansion in the U.S. For instance, Amazon is one of the leading online retail channels in the country. According to the U.S. Centers for Diseases Control and Prevention (CDC), one in every four adults in the U.S. have untreated tooth decay. With the health concern likely to rise, the demand for oral care products will continue rising in the U.S.

For any Queries Related with the Report, Ask to Analyst@https://www.futuremarketinsights.com/ask-question/rep-gb-13042

What are the Key Trends in India Oral Care Market?

The development of e-Commerce platforms allows customers to browse and order from a range of oral care product offerings provided by vendors through online portals. It makes the shopping experience of buyers calmer and supports in brand retaining and prominence. Online sale results in higher revenue and increase in market share.

Furthermore, rise in penetration of e-Commerce is expected to enable vendors to provide a broad range of products in user segments such as teenagers to adults to reach new potential customers and increase the customer base of these products.

The Indian oral care market is majorly driven by selling Ayurvedic or Natural revolution products. Almost all the major companies in India are selling ayurvedic products to attract the consumers.

How Oral Health Awareness Spread drove the market in Japan?

Consumers of developed countries such as Japan are well versed with oral health practices. Thus oral care products demand is high in the country. According to GlaxoSmithKline, a global pharmaceutical company, the Japanese population is outstanding when it comes to awareness about oral health. Japanese youth and ageing population are highly concerned about their Oral health which is driving the growth of Oral Care Market.

What are the Factors Enabling Oral Care Products Sales in China?

Oral care market in China is in developing phase which offers enormous opportunities for the market players in the country. However, the market is expected to showcase growth due to improved standard of living and increasing awareness about oral hygiene among consumers.

Low price range oral care product are in high demand due the low disposable income in developing countries and lack of knowledge about featured oral care products. However, consumers are moving towards advanced products gradually.

How Convenience Stores is Preferred Sales Channel?

Convenience stores accounted for the largest share in the oral care market in the year 2020. Based on the sales channel, the oral care market is segmented into convenience stores, retail pharmacies, online distribution, and dental dispensaries. In 2020, the convenience stores segment accounted for one third of the oral care market. The large share of consumer stores in case of oral care products can be attributed to the large number of stores across the globe and their easy accessibility. Convenience Stores are preferred due to the nature of usage of oral care product as essentials goods.

Oral Care Market Competition Landscape

The oral care market is a concentrated market, as majority of the share is being taken by Colgate-Palmolive, Procter & Gamble, Unilever PLC, and GlaxoSmithKline PLC. However, the market also includes many regional players. The leading players in the market studied enjoy a dominant presence worldwide. These players are focusing on capitalizing on opportunities existing in emerging nations.

Sustainability is another approach being employed by manufacturers in order to gain share within the market. Consumers are beginning to choose brands with a green label and philanthropic endeavors, as a result of which, marketing initiatives and brand habits are expected to shift toward eco-friendly products, augmenting product sales.

Read Related Reports@

https://sharequant.tribe.so/post/mini-refrigerator-market-share-size-trend-demand-analysis-by-top-leading-pl-6278f0a738abde70fd483de2

https://theastuteparent.tribe.so/post/mini-refrigerator-market-size-by-global-major-companies-profile-and-key-reg-6278f0aa5fc3c648f90ef73f

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.