Deodorant Market Overviews
Deodorant Market was valued at USD 27.63 billion in 2023. Global Deodorant Market size is estimated to grow at a CAGR of 4 % over the forecast period.
The deodorant market is expected to increase through the forecast period as there is an increase in population in developing countries like India. Deodorant products are gaining demand in the market they maintain the smell of the body fresh even in warm weather conditions. The rise in global warming fuels the demand for the market as there is an increase in body temperature which result in sweat production in the body thus increasing the bad smell.
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Deodorant Market Scope and Methodology:
According to the MMR research, the global temperature has risen by 1.5 degrees Fahrenheit which is much greater than the previous year’s values. Moreover, the increasing demand for the product due to the rise in health fitness-related activities such as jogging, Yoga, Gym, and bicycle riding driving the market growth through the forecast period.
Deodorant Market Regional Insights
The North American region is expected to dominate the market through the forecast period. due to an increase in awareness among the consumers. Europe holds the largest share in the market. and the Asia Pacific is expected to grow at a significant rate through the forecast period. South America is growing at a significant pace as there is an increase in cosmetic products.
Deodorant Market Segmentation
By Type, The Deodorant Market is segmented into spray, roll-on, stick and others. The spray segment is expected to dominate the market through the forecast period due to high demand from consumers. Also, they provide features like the ability to dry instantly which help in reducing the strain on the clothes. Moreover, the spray deodorants are non-sticky or wet according to the product type. Thus, the demand for the segment is expected to grow at the highest CAGR through the forecast period. Additionally, spray products do not leave any stains and debris on the skin, these features are expected to assist the market.
Deodorant Market Key Players
Henkel Adhesives Technologies India Private Limited (Germany)
Procter & Gamble (U.S)
Unilever (U.K)
Coty Inc.(U.S)
Kao Corporation (Japan)
Beiersdorf (Germany)
L’Oreal Groups (France)
The Avon Company (UK)
L’Occitane International S.A. (France) Speick Naturkosmetik (Germany)
Weleda (Switzerland) Laverana GmbH & Co. KG (Germany)
EO Products. (U.S)
Lavanila (U.S)
REVLON (U.S)
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Key questions answered in the Deodorant Market are:
- What is Deodorant ?
- What was the Deodorant market size in 2023?
- What is the growth rate of the Deodorant Market?
- Which are the factors expected to drive the Deodorant market growth?
- What are the different segments of the Deodorant Market?
- What growth strategies are the players considering to increase their presence in Deodorant ?
- What are the upcoming industry applications and trends for the Deodorant Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Deodorant Market?
- Who are the leading companies and what are their portfolios in Deodorant Market?
- What segments are covered in the Deodorant Market?
- Who are the key players in the Deodorant market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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