Press release
Daily Products Market Expected to Reach $3320.7 Billion by 2032
Based on product type, the personal care segment held the highest market share in 2023, accounting for one-third of the global daily products market revenue, and is estimated to maintain its leadership status throughout the forecast period. There is a surge in demand for personal care products in the daily products market due to evolving consumer lifestyles and preferences. There is an increase in emphasis on grooming, skincare, and hygiene routines as individuals prioritize self-care and wellness. However, health and wellness products segment is projected to attain the highest CAGR of 14.6% from 2023 to 2032.
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The supermarkets and hypermarkets segment to maintain its leadership status throughout the forecast period.
Based on the distribution channel, the supermarkets and hypermarkets segment held the highest market share in 2022, accounting for one by six of the global daily products market revenue, and is estimated to maintain its leadership status throughout the forecast period. In addition, the online grocery stores segment is projected to attain the highest CAGR of 9.1% from 2023 to 2032.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly half of the global daily products Market revenue. The demand for the daily products market in the Asia-Pacific region surges due to pivotal factors. Rapid urbanization, a developing middle class, and increase in disposable income have propelled consumption patterns. The significant growth of e-commerce has reshaped shopping habits, providing easy access to a wide array of products. In addition, the LAMEA region is also expected to witness the fastest CAGR of 10.4% from 2023 to 2032 and is likely to dominate the market during the forecast period.
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Leading Market Players: -
Unilever Plc
Estee Lauder Companies Inc.
Shiseido
The Procter And Gamble Company
L'Oreal S.A
Kao Corporation
Avon Products, Inc
ORIFLAME COSMETICS S.A.
Patanjali Ayurved Ltd
Johnson And Johnson
Know More- https://www.prnewswire.com/news-releases/daily-products-market-to-reach-3-3-trillion-globally-by-2032-at-8-2-cagr-allied-market-research-301978364.html
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