Growth Trajectory Unveiled: Oral Care Market Set to Reach US$80.6 Billion by 2033 | FMI

The oral care market is predicted to be valued at US$ 49,671.2 million in 2023 and US$ 80,658.3 million by 2033. Over the projection period, sales in the oral care market are expected to increase at a CAGR of 5%.

The oral care market is experiencing numerous exciting trends that present significant opportunities for manufacturers and brands in the industry. A prominent trend is the increasing demand for natural and organic oral care products. Consumers are becoming more conscious of the ingredients they use in their daily routines and are seeking out natural alternatives that are free from harmful chemicals and synthetic materials.

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This trend is driven by a growing awareness of the potential health risks associated with certain chemicals commonly found in conventional oral care products, such as fluoride and triclosan.

An emerging trend in the oral care market is the use of smart technology in oral care devices. Companies are developing innovative toothbrushes and other devices that incorporate Bluetooth connectivity, sensors, and artificial intelligence to provide users with real-time feedback on their brushing habits and oral health. This technology can help consumers improve their oral care routines and prevent oral health issues such as cavities and gum disease.

A growing trend in the oral care market is the growing focus on preventative oral care. Consumers are increasingly interested in taking a proactive approach to their oral health, rather than simply treating problems as they arise. This trend is driving demand for products such as mouthwashes, dental floss, and interdentally brushes, which are designed to help prevent cavities, gum disease, and other oral health issues.

Key Takeaways from this Market:

According to FMI research, the United States accounted for 21.9% of the global market in 2022.
With an 8.2% market share in 2022, Germany has emerged as a prominent participant in the oral care market.
In 2022, China's oral care sector is predicted to have a market share of roughly 6.3%.
The toothpaste segment is expected to dominate the oral care industry with a market share of around 67.8% in 2022.
The convenience stores segment is expected to dominate the oral care market, capturing a market share of nearly 32.5% by 2023.

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How Key Players are revolutionizing this market?

The oral care industry has a very competitive environment due to numerous companies that operate globally.

Major Players are:

Colgate-Palmolive Company
Procter & Gamble Co.
Unilever Group
Koninklijke Philips N.V.
Johnson & Johnson Limited
GlaxoSmithKline PLC
Amway
Dabur
Splat Global UK Ltd.
Kewalraj & Co.

The oral care industry has seen a significant shift in manufacturing techniques over the years. Key players in the industry are revolutionizing the manufacturing process to improve product quality, efficiency, and sustainability. Among the main ways they are doing this is by adopting advanced manufacturing technologies such as automation, robotics, and artificial intelligence. These technologies are being used to streamline the production process, reduce waste and errors, and improve overall quality.

A significant way key players are revolutionizing the manufacturing process is by incorporating sustainable practices. This includes using eco-friendly materials, reducing water and energy consumption, and minimizing waste. Companies are also implementing closed-loop systems that enable the recycling and reuse of materials, reducing their environmental impact.

Recent Developments in this Industry:

In February 2022, Dabur India Ltd, the largest Science-based Ayurveda major in India, has achieved a remarkable feat in its sustainability journey. The company has become a 100% 'Plastic Waste Neutral company' in India, setting a new standard for environmental stewardship in the industry.
Dabur collected, processed, and recycled a whopping 27,000 metric tonnes of post-consumer plastic waste from all corners of India in the 2021-22 financial year, signaling its unwavering commitment to preserving the planet for future generations.

Key Segments Covered:

By Product Type:

Toothbrush
Manual
Electric
Toothpaste
Pastes
Gels
Powders
Polishes
Mouthwash
Medicated
Non-Medicated
Dental Floss
Waxed
Unwaxed
Thread
Dental Tape
Denture Care
Cleanser
Adhesive
Paste
Others

By Age Group:

Kids
Adults
Geriatric

By Price Range:

High (US$ 100 - 250)
Medium (US$ 20 - 100)
Low (Below US$ 20)

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Drug Stores & Pharmacies
Convenience Stores
Online Retailers
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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BRICS Oral Care Market - https://www.futuremarketinsights.com/reports/brics-oral-care-market-opportunity-assessment

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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