Deodorant and Antiperspirant Ingredients Market Analysis 2022-2026: Avon Products Inc., BASF SE, and Beiersdorf AG are among the Major Vendors
The deodorant and antiperspirant ingredients market share will post an incremental growth of USD 749.35 million, progressing at a CAGR of 5.54% during the forecast period. The increasing concerns about hygiene among consumers will offer immense growth opportunities to market vendors. The deodorant and antiperspirant ingredients market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Deodorant and Antiperspirant Ingredients Market by Type and Geography - Forecast and Analysis 2022-2026” provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus.
The deodorant and antiperspirant ingredients market is segmented by type (alcohol, aluminum salt, fragrance, and others) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).
The growth of the deodorant and antiperspirant ingredients market in the alcohol segment will be significant during the forecast period. By geography, the availability of a wide range of products in drugstores will facilitate the deodorant and antiperspirant ingredients market growth in Europe over the forecast period. 32% of the market's growth will originate from Europe during the forecast period. Germany and the UK are the key markets for the deodorant and antiperspirant ingredients market in Europe.
The increasing concerns about hygiene among consumers will directly influence the sales of the deodorant and antiperspirant ingredients market. In addition, the demand for multifunctional deodorants is one of the major deodorant and antiperspirant ingredients market trends that will positively impact market growth. However, factors such as the side effects of deodorant and antiperspirant ingredients will hamper the deodorant and antiperspirant ingredients market growth.
Some of the major deodorant and antiperspirant ingredients market vendors are Avon Products Inc., BASF SE, Beiersdorf AG, CavinKare Pvt. Ltd., Charkit Chemical Co LLC, Dow Inc., Firmenich SA, Givaudan SA, Godrej Group, Hill and Markes Inc., Innospec Inc., International Flavors and Fragrances Inc., Laverana GmbH and Co. KG, LOreal SA, McNROE Consumer Products Pvt. Ltd, Nouryon Chemicals Holding BV, Skinsafe Inc., Symrise AG, The Lubrizol Corp., Unilever PLC, Wacker Chemie AG, and The Procter and Gamble Co.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the deodorant and antiperspirant ingredients market forecast during 2022-2026
Market-level data on units, average selling prices, and values of the deodorant and antiperspirant ingredients market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the deodorant and antiperspirant ingredients market.
Deodorant and antiperspirant ingredients market industry growth across Europe, North America, APAC, South America, and the Middle East and Africa.
