Persistence Market Research (PMR) announces the release of its latest report titled, lobal Market Study on Deodorant and Antiperspirant Ingredients:
Natural Ingredients Usage Set to Increase in Deodorant and Antiperspirant
Manufacturing Throughout the Forecast Period?? According to the report, the
global deodorant and antiperspirant ingredients market was valued at US$ 1,520
Mn in 2014 and is anticipated to reach US$ 2,390 Mn by 2021, registering a
compound annual growth rate (CAGR) of 6.7% through the forecast period.
Global deodorant and antiperspirant ingredients market is largely driven by growing demand of deodorant and antiperspirant products by younger consumers.
New and innovative ingredients, lower cost of deodorant products compared to
other substitutes Cheap Jon Leuer Jersey , enhanced performance of deodorant and antiperspirant products due to a usage of high-quality ingredients, new technologies, and
attractive packaging are some major factors causing a shift in preference among
younger consumers to purchase deodorants and antiperspirants. Aerosol deodorants
and antiperspirants contribute highest in terms of demand and share the global
deodorant and antiperspirants market as compared to other product types. In
terms of ingredients, alcohol accounted for the largest market share in the
global deodorant and antiperspirant ingredients market as compared to other
ingredients, which is anticipated to expand at a significant CAGR of 6.5% over
the forecast period. However, growing concerns among consumers regarding
possible health issues some ingredients used in deodorant and antiperspirant
products could cause, and growing environmental concerns could pose a challenge
for the growth of the global deodorant and antiperspirant ingredients market.
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The global deodorant and antiperspirant ingredients market is segmented into deodorant type Cheap Ish Smith Jersey , antiperspirant type, deodorant and antiperspirant ingredients, and by geography.
By deodorant product type, the market is segmented into aerosol deodorants, roll on deodorants, creams & wipes deodorants, sticks & solids
deodorants Cheap Langston Galloway Jersey , and others. Among these segments, the aerosol deodorant segment is expected to account for 75.3% revenue share of the overall
market by 2021. Furthermore, it is expected to dominate the global deodorant
market throughout the forecast period, exhibiting a CAGR of 4.8%. By
antiperspirant product type, the market is segmented into aerosol
antiperspirant, roll on antiperspirant, sticks & solids
antiperspirant Cheap Henry Ellenson Jersey , and others. Aerosol antiperspirant is the largest segment in terms of market value and is expected to register highest CAGR of 4.4%
between 2015 and 2021 owing to its easy to use characteristic. Furthermore, roll
on is the second largest product segment and is anticipated to account for 15.6%
share of overall market share by 2021.
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On the basis of ingredients, the global deodorant and antiperspirant ingredients market is segmented into alcohol, aluminum, antimicrobials, base
carrier substances, conditioner & moisturizer Cheap Stanley Johnson Jersey , fragrances, parabens & propellants, and others. Among the aforementioned segments, alcohol ingredient segment is expected to dominate
the global market with over 35% market share in terms of volume throughout the
forecast period. Increasing demand for deodorant and antiperspirant products
with long-lasting fragrance and effective antibacterial properties is a factor
expected to further propel demand for ingredients.
On the basis of region, Europe dominated the global deodorant and antiperspirant market in 2014, followed by North America and Asia-Pacific.
Europe is expected to remain the dominant market with over 30% market revenue
share throughout the forecast period.
Key industrial participants considered in the global deodorant and antiperspirant ingredients market include Unilever Company, Procter &
Gamble Cheap Luke Kennard Jersey , L??real Company, Avon Product Inc., Shiseido, CavinKare Pvt. Ltd., Henkel AG & Company KGaA, Beiersdorf AG, and Godrej Consumer
Products Ltd.
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