Research Nester published a report titled “DeodorantMarket: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the deodorant in terms of market segmentation by product type, distribution channel, packaging material, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Consumers are increasingly gettingthoughtful about their lifestyle and personal care, and fragrances are considered as an integralpart of the lifestyle, primarily to remove or cover up unpleasant body odor.These factorsare driving the demand for scented products.The global deodorant market is estimated to garner approximately USD 90 Billion in revenue by 2031 by growing at a CAGR of nearly 7% over the forecast period, i.e., 2022 – 2031.Fragrances also provide therapeutic benefits by stimulating the brain, calming down the anxieties, and helping in inducing a sense of well-being.
The market is segmented by product type intospray, roll-on, stick, and others, out of which, the spray segment is anticipated to hold the largest market share, followed by the roll-on segment which is expected to witness significant growth over the forecast period.
Geographically, the global deodorant market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of whichNorth America is expected to hold the largest market share by growing at a modest rate throughoutthe forecast period, with the US dominating over the region.Additionally, the market in Asia-Pacific is estimated to witness fastest growth overthe forecast period. https://magazineworld.net/
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising temperature and Unhealthy Lifestyle,Leading to Increase in Sweat and Body Odor,to Boost Market Growth
Rising temperature is leading to increasing sweat and body odor. Sweat, however odorless, produces unpleasant body odor when bacteria break down protein molecules within sweat on the skin. Unhealthy lifestyle may also contribute to body odor. These require fragrant solutions which is growing in more and more in demand, fostering the growth of the market.
However, products with unfiltered chemical toxicity that create allergic reactions to sensitive skin and availability of counterfeit products are likely to hamper the growth of the market. Moreover, high cost of products is expected to refrain price-conscious consumers from buying more products which could also restrain the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global deodorant market which includes company profiling of Avon, Beiersdorf AG, Armani beauty (Giorgio Armani S.p.A), Calvin Klein, Unilever, L’Occitane International SA, Christian Dior (LVMH Moët Hennessy – Louis Vuitton), Procter & Gamble, Colgate-Palmolive Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global deodorant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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