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Deodorant and antiperspirant ingredients are chemical additives used in deodorants that control body sweating and odor. They generally consist of fragrance, moisturizer, and anti-bacterial ingredients. These ingredients also help in extending the shelf life of the product as well as to limit the bacterial breakdown that occur due to sweat. Antiperspirant are personal hygiene products that use pore blocking agents like aluminum salts to reduce perspiration.
Increasing demand for deodorant and antiperspirant ingredients as personal hygiene product is one of the major factor driving the market. rising disposable income and substantial expenditure on improving lifestyle is driving the demand for personal care products. Additionally, developing demand for youth enhancing products is likely to positively impact the market growth.
However, deodorant and antiperspirant ingredients also possesses some potential health risks due to certain ingredients. Aluminum salts that are used to block pores get deposited in skin which is carcinogenic for human. This is expected to hamper the market growth.
Key Market Driver -
Increasing demand for personal hygiene products.
Key Market Restraint -
Concerns about aluminum deposits on skin.
Based on type, the global deodorant and antiperspirant ingredients market is segmented into alcohol, fragrance, abti0microbial, aluminum salts, and others. Based on product, market is segmented into aerosol spray, roll on, stick/gel, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global deodorant and antiperspirant ingredients market consists of global & regional players operating. Some of the key players in the market include Beiersdorf AG, Henkel AG, Evonik Industries, Avon Product Inc., BASF and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to account for largest share in market attributed to the substantial spending of consumers on personal care. North America is estimated to show substantial growth attributed to the adoption of novel ingredients as response to stringent regulatory guidelines regarding use of aluminum salt ingredients. Asia Pacific is expected to show significant growth attributed to the increasing demand from huge population. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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