Press release
Deodorant Wipes Market worth US$ 920 Million by 2022
Fact.MR
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The market for deodorant wipes is exhibiting a steady growth worldwide due to its ever expanding use. The main driving factor for the proliferation of deodorant wipes is the fact that fast-paced lifestyle of present times has forced consumer to want for convenience in all the products they buy, and support their ‘on-the-go’ lifestyle. Deodorant wipes are convenient, easy-to-use, and are used to freshen up in a jiffy yet in a discreet manner. Different types of deodorant wipes are available in the market presently, comprising of different fragrances such as lavender and coconut, among others. Also, rising consciousness for hygiene amongst the consumers is another reason factoring the expansion of deodorant wipes market. Growing use of natural extracts for making the wipes is the latest trend surfacing the global market at present. Also, consumers are concerned about environmental protection, and hence wipes that are disposable and made from biopolymers are a rage in the market.
Deodorant wipes are mainly used for the purpose and cleansing, sometimes for refreshment, and also for the purpose of giving effective protection to their underarms. They are also used for preventing the proliferation of bacteria that causes body odor. Such types of deodorant wipes are gentle on the skin, and most of them possess a fragrance that provide users the feeling of freshness when used.
4 Forecast Highlights on Global Deodorant Wipes Market
1. As per the forecast of Fact.MR, the dry wipes segment is slated to touch a value of nearly US$ 290 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The dry wipes segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
2. As per the forecast of Fact.MR, the coconut fragrance type segment will reach a value of nearly US$ 180 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The coconut fragrance type segment is estimated to account for more than one-fifth of the revenue share of the fragrance type segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
3. As per the forecast of Fact.MR, the dryness relief segment is slated to reach a value of nearly US$ 300 Mn in 2022. The dryness relief segment is expected to lose some market share by the end of the year 2022. The largest share is contributed by the Europe region in the dryness relief segment.
4. Fact.MR forecasts the modern trade deodorant wipes segment to grow from nearly US$ 280 Mn in 2017 to nearly US$ 360 Mn in 2022. This represents a compound annual growth rate (CAGR) of 5.1% from 2017 to 2022.
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Europe Set to Dominate Global Deodorant Wipes Market
The market in Europe is set to dominate the global deodorant wipes market in terms of value and this trend is projected to sustain itself throughout the assessment period. Europe deodorant wipes market is the most attractive market, growing at a moderate CAGR over the assessment period.
Global Sales of Wet Wipes Poised to Touch a Value of Nearly US$ 630 Mn by 2022-end
As per the forecast of Fact.MR, the wet wipes segment is expected to reach a value of nearly US$ 630 Mn in the year 2022. This represents a moderate CAGR during the forecast period of 2017-2022. Wet wipes segment is expected to account for more than two-third of the revenue share of the product type segment by the year 2017, and is expected to lose market share by the end of the year 2022.
Citrus Fragrance Wipes to Exhibit a CAGR of 5.3% through 2022
As per the forecast of Fact.MR, the citrus fragrance type segment is slated to touch a figure of nearly US$ 260 Mn in the year 2022. This represents a CAGR of 5.3% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The citrus fragrance type segment is expected to account for nearly one-fourth of the revenue share of the fragrance type segment by the year 2017.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global deodorant wipes market through 2022, which include Johnson & Johnson, Procter & Gamble, Kimberly-Clark, Svenska Cellulosa Aktiebolaget SCA, Shiseido Company Limited, Mandom Corporation, Nice-Pak Products, Rock line Industries and Diamond Wipes International.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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