Deodorant Market Size, Share & Industry Analysis, By Product Type (Spray, Roll-On, Stick, and Others), By Packaging Material (Metal, Plastic, and Others), By End-User (Men and Women), and Regional Forecast, 2019-2026

The global deodorant market size was valued at USD 22.54 billion in 2018 and is projected to reach USD 30.76 billion by 2026, exhibiting a CAGR of 4.0% during the forecast period. Europe's deodorant market size was valued at USD 6.92 billion in 2018.

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Deodorant has become one of the popular product as it can keep the underarms fresh and prevent the body from producing an unpleasant smell even in warm weather. The increasing growth of global warming helps to increase consumption as it results in a large number of people experiencing the release of odor and sweat from their bodies. For instance, according to the data published by the scientists at NASA’s Goddard Institute for Space Studies (GISS) in New York, in 2018, the global temperature has risen to 1.5 degrees Fahrenheit which is greater as compared to 1951-1980.

Additionally, the growing demand for the product by people who are involved in health and fitness activities such as jogging, yoga, bicycle riding, and others will give impetus to the deodorant market growth.  For instance, according to the data released by You Gov, there is an estimation of 79% of Americans to be involved in exercise activities, out of which 50% prefer to exercise in the morning, 26 % in the evening, and 19% in the afternoon.

MARKET TRENDS

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The Growing Popularity of Stick and Organic Deodorant are Powering Market Growth

The rising awareness among the global population towards a healthy and fresh lifestyle is driving the product demand. Stick deo product which is in solid form and non-sticky in nature is now popularly being used as it can hold odor for an extended period. For instance, according to the product description of Nivea, its pearl & beauty antiperspirant stick offers 48 hours of real protection and is leaving the underarms with the sensation of smooth, beautiful, and softness.

Furthermore, the organic type is expected to attract more customers to the product in the coming years owing to its skin-friendliness, proven excellence in the elimination of odor, aluminum-free nature, and others. Additionally, organic deodorant doesn’t cause stain on clothes which are also an essential factor in boosting product demand. For instance, considering the growing demand, Shahnaz Husain Group has announced the launch of herbal and organic deo for the Indian market in 2018.

MARKET DRIVERS

Increasing Consciousness Regarding Personal Grooming is Estimated to Drive the Market

The growth of the global economy along with an escalated number of dual-income families has resulted in changes in lifestyle and improvement in the standard of living. These factors are therefore expected to support market growth. Furthermore, the increasing promotional campaigns of cosmetic and fragrance products through television, radio, print media, and social media is also playing a significant role in providing awareness of the benefits of products.

For instance, according to the data published by Sprout Social, in 2019 US marketers are estimated to be using 86.8% Facebook, 75.3% Twitter, 66.5% Instagram, and 51.9% YouTube for their social media campaigns. Additionally, intense competition among the companies has resulted in the production of the best possible product to capture more consumers, which in turn is acting as a flourishing factor for the generation of greater revenue.

Manufacturers Focusing on Introduction of Innovative Products is Expected to Power the Market Growth

A large number of manufacturers are focusing on coming up with better and innovative products which can meet the requirement of most individuals and thereby expand their consumer base. The innovations of aluminum-free products and the use of natural ingredients will boost the demand as it helps to avoid the absorption of toxic chemicals into the body. Furthermore, the introduction of deo wipe that comes in the form of wiping papers, which are lightweight, simple, and easy to use is also contributing to the deodorant market revenue.

MARKET RESTRAINT

The Formation of Skin Allergies Hampers the Market Growth

Most deodorants contain various types of chemicals such as aluminum compounds, Cyclomethicone, and others. These chemicals can cause an allergic reaction to sensitive skin, which is, therefore, acting as a restraining factor for the market growth. Additionally, excessive use of products containing ethanol will lead to dry skin, and thus dryness can further cause itchiness and might later lead to irritation or swelling of the skin.

SEGMENTATION

By Product Type Analysis

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Spray Segment is Expected to Dominate the Global Market

The deodorants market by type can be segmented into spray, roll-on, stick, and others. Spray segment is anticipated to dominate the market by product type owing to higher demand from the consumers for the products including features such as the ability to dry instantly, which in turn helps to avoid stains on clothes. Furthermore, spray deodorant is not sticky or wet as compared to other different products, and therefore the segment is gaining more traction. Additionally, spray deo does not leave any debris or flake on the skin is also helping to attract more consumers to the product.

By Packaging Material Analysis

Plastic Segment is Estimated to Hold Major Market Share

Based on packaging material, the market is divided into metal, plastic, and others. Plastic material is projected to be the largest market shareholder. As plastic containers are considered to be durable which means that it can withstand a shock or a drop as compared to a material like glass or paper and thus this quality acts as a thriving factor for more demand for the product. Furthermore, due to its lower cost as compared to other raw materials, it is often chosen over other types of materials. Additionally, due to its lightweight nature, plastic deodorant is easy to carry around, which makes it very convenient to carry while traveling. For instance, according to ‘Facts and Figures about Materials, Waste and Recycling’ published by the US Environmental Protection Agency, in 2017, about 14.5 million tons of plastic was being used in container and packaging produced in the United States. Likewise, most manufacturers such as Unilever PLC, The Procter & Gamble Company, Spirit Nest, and others are utilizing a large amount of plastic material for the production of deo stick, wipe, spray, roll-on, and others.

Due to large amount of waste generation and non-recyclable plastic deposition in the environment, more manufacturers are taking steps to prevent this issue. For instance, according to the article,’ Dove move to 100 percent recycled plastic’ published by Unilever in November 2019, the dove is focusing on switching to new 100% recyclable plastic cans for its products, in Europe and North America.

However, due to the durability and easier recycling process of metal as compared to plastic, it is projected to hold a significant share in the years to come.

By End-User Analysis

Men Segmentation is Estimated to Hold Greater Market Share

Based on end-user, the deodorant market is grouped into men and women. Men segment is projected to be the larger market shareholder owing to the larger number of men participating in sports activities like basketball, football, cricket, and others. These sportsmen are increasingly inclined towards using deodorants to avoid the bad smell of sweating.

For instance, according to the data published by the National Collegiate Athletic Association, in 2017-2018, in the United States, the number of male NCAA student-athletes was about 278,614 nationwide, which is 56 percent of the student-athlete total population.

Furthermore, men are expected to be participating in a more physically demanding type of job like mining, construction, manufacturing, and others which are considered to drive more needs of the product.

REGIONAL ANALYSIS

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North America is the second-largest market for deo products and is projected to be the dominating region by 2026 owing to the greater awareness regarding the maintenance of personal health and hygiene. Additionally, people are having higher buying power due to the growing employment rate in the region which in turn gives rise to the consumption of more cosmetic products such as deo products. Furthermore, the growing popularity of the health and fitness industry also acts as a blossoming factor for the growth of the market.

Europe Deodorant Market Size (2018): USD 6.92 Billion

Europe is holding the largest deodorant market share during the forecast period 2019-20206. The market is estimated to show a strong presence during the coming years due to having a large number of cosmetics giants in the region like L'Oréal, Beiersdorf, Avon, Unilever, and others who are helping for greater purchase of the product. Additionally, most of the people in this region are inclined towards a hygienic lifestyle, and therefore consider using deo products as a necessity in their life which in turn helps to generate higher product demand.

The Asia Pacific is expected to hold a significant share during the forecast period of 2019-2026. As a result of the increase in economic growth, particularly in countries like South Korea, Japan, India, and China, which is driving the growth of the personal care industry in the region. Furthermore, an increase in the number of dual-income families in the region has resulted in greater purchasing power of consumers which in turn encourages them to buy personal care products. deodorant market share Australia driving the deamnd for this industry.

South America is also expected to witness substantial growth owing to the increase in the consumption of cosmetics products. Moreover, changes in lifestyle due to the rise of disposable income is also propelling demand for the product in this region. However, increasing urbanization and improved standard of living in the region is anticipated to slowly boost the deo product demand during the forecast period.

KEY INDUSTRY PLAYERS

Key Players are Directing more on Research and Development for the line of Deodorant

The key players are working hard on research and development by focusing on coming up with products that have a lesser allergic reaction for sensitive skin, researching for more organic ingredients to use, and lessen the use of aluminum. for instance, Crystal Essence has launched the deo roll-on which is made out of green tea, mineral salts, and chamomile have a very low allergic reaction to the skin and can be even used by people who have super sensitive skin.

LIST OF KEY COMPANIES PROFILED:

• Unilever PLC


• The Procter & Gamble Company


• Beiersdorf AG


• Henkel AG & Co KGaA


• L'Oreal SA


• Sky Organics


• Speick Natural Cosmetics


• Truly's Natural Products


• Erbaviva


• Spirit Nest


• EO Products


• Elsa's Skincare

KEY INDUSTRY DEVELOPMENTS:

• February 2019 – Unilever announced the launch of mini spray deo for 4 brands and deodorant wipes for 5 of its brands. The brands include Dove, AXE, Dove Men+Care, and Degree Men and Women. The products are intended to be used for the deodorization of underarms, neck, and chest.


• May 2019 – Procter and Gamble proclaimed its acquisition of Native Deodorant, which is a San Francisco based company in 100 USD million.It is a direct-to-consumer natural deodorant brand. This acquisition is expected to expand Procter & Gamble’s product portfolio.

REPORT COVERAGE

The deodorant market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading application areas of the product.

An Infographic Representation of Deodorant Market

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Besides this, the report offers insights into the deodorant market trends and highlights key deodorant industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.

Deodorant Market Report Scope & Segmentation