Oral Care Market worth USD 53.3 billion by 2025
According to the new market research report the Oral Care Market is projected to reach USD 53.3 billion by 2025 from USD 45.8 billion in 2020, at a CAGR of 3.1%.
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The
Factors such as the rising awareness about oral hygiene, growing
incidence of dental diseases, and technological advancements in oral
care products are expected to drive the growth of the Oral Care Market.
Increasing the online purchase of oral care products is expected to
create new growth opportunities for players operating in this market.
Based
on product, the market is categorized into toothpaste, toothbrushes
& accessories, mouthwashes/rinses, denture products, dental
accessories/ancillaries, and dental prosthesis cleaning solutions. In
2019, the toothpaste segment was expected to account for the largest
share of the Oral hygiene Market. The large share of this segment can
primarily be attributed to the enormous adoption of toothpaste for
maintaining oral hygiene, the treatment of dental caries, and its use in
post-surgical procedures.
By distribution channel, the Oral
Hygiene Market is segmented into consumer stores, retail pharmacies,
dental dispensaries, and online distribution. Online distribution is
expected to grow at the fastest CAGR in the forecast period in this
segment. This high growth can be attributed to the increase in the
number of e-commerce platforms focused on oral care/oral hygiene
products, better convenience and availability of a variety of products
through this channel along with proper discounts.
In 2019, the
Asia Pacific was estimated to account for the largest share of the Oral
hygiene Market, followed by Europe. The dominant share of the Asia
Pacific is attributed mainly to the rising geriatric population, growing
prevalence of dental diseases, increasing focus of prominent players on
emerging Asian countries, increasing healthcare expenditure (coupled
with the increasing disposable income), raising awareness on oral
healthcare, and the willingness to spend more on dental care. Other
factors, such as the growing number of dental professionals, along with
the increasing number of dental visits, will further support the growth
of the Oral hygiene Market in this regional segment during the forecast
period.
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The
key players operating in the Oral Care Market include Colgate-Palmolive
Company (US), The Procter & Gamble Company (US), GlaxoSmithKline
PLC (UK), Unilever PLC (UK), Koninklijke Philips N.V. (Netherlands),
Johnson & Johnson (US), GC Corporation (Japan), 3M Company (US),
Lion Corporation (Japan), Church & Dwight Co., Inc. (US), Sunstar
Suisse S.A. (Switzerland).
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Mr. Aashish Mehra
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