The Deodorant and Antiperspirant Ingredients Market is Expected to Witness a CAGR of 6.3% to Reach $2,880.8 million by 2023
Bangalore, India, October 25, 2018: With its recent published study “Deodorant and Antiperspirant Ingredients Market: Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023”, Infoholic Research forecasts that the global market for deodorant and antiperspirant ingredients will continue to grow. The growing disposable income among developing countries, increasing awareness about hygiene, and changing lifestyle are the factors driving the market growth. Furthermore, the increased demand for long lasting fragrance and personal care products is positively impacting the market of deodorants and antiperspirants during the forecast period. The deodorant and antiperspirant ingredients market revenue will increase to $2,880.8 million by 2023, growing at a CAGR of 6.3%.
Deodorants are used to cover and control the body odor. Some of the major ingredients utilized are alcohol, parabens, fragrance and others. Antiperspirants are utilized to control the body sweat by impacting the sweat glands, the ingredient aluminum salt is deposited on skin pores to control the sweat. Increasing buying power, rising consumer awareness, regulatory reforms along with technological advancements is empowering the deodorant and antiperspirant ingredients market. The customers are inclining towards usage of alcohol-free deodorants and antiperspirants may hamper the alcohol ingredients market.
“The deodorants and antiperspirants have come a long way from being a luxury product to a necessity. The changing lifestyle and increased ability to spend has led to the change. Deodorants and antiperspirants have become one of the regular grooming product that has to be present. Further, Asia Pacific shall witness the highest growth in the coming years becoming the largest market.” – Vasundhara Singh, Research Associate, Infoholic Research.
The key insights of the report are as follows:
- The global deodorant and antiperspirant ingredients market have been categorized on the basis of types:
- Aluminum Salt
- The study has been analyzed on the basis of product:
- Aerosol Spray
- Roll On
- Sticks & Gels
- The report covers mentioned geographies:
- Asia Pacific
- North America
- Rest of the World