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The global feminine hygiene products market size touched USD 41.29 billion in 2023 and is predicted to reach USD 43.25 billion in 2024. The market is anticipated to touch USD 73.07 billion by 2032, recording a CAGR of 7.78% over 2024-2032.
Fortune Business Insights™ presents this information in its latest report titled “Feminine Hygiene Products Market Size, Share & COVID-19 Impact Analysis, By Product Type (Menstrual Care Products and Cleaning & Deodorizing Products), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Drugs Stores, and Others), and Regional Forecast, 2023-2030”.
More women living in rural and underdeveloped areas are becoming aware of the significance and benefits of using feminine hygiene products. They are attending several awareness programs organized by non-profit organizations and governments. These programs have played a crucial role in removing many taboos and superstitions associated with menstruation.
Lack of Accessibility and High Product Prices Dampened Market Progress During COVID-19 Pandemic
Panic buying of groceries and other essential products skyrocketed the sales of retail stores. However, the demand for feminine hygiene products declined as more people utilized the products kept in stock. Since the outbreak severely affected the purchasing power of individuals across the world, the sales of period products, which are considered expensive, slumped during this period. This factor also negatively impacted the feminine hygiene products market growth.
Rising Number of Hygiene-Related Programs to Boost Market Progress
Non-profit organizations across the world are introducing a wide range of initiatives to spread awareness regarding menstrual hygiene and importance of using feminine hygiene products. Women might most likely avoid using products, such as menstrual cups, and sanitary pads, as there is a lot of stigma associated with them. In such scenarios, hygiene-related programs become extremely important as they can remove the superstitions and false beliefs related to menstruation.
However, low penetration rate of these products in underdeveloped and rural areas might hamper the market growth during the forecast period.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/feminine-hygiene-products-market-103530
Competitive Landscape
Leading Firms Focus on Product Development Processes to Boost their Market Presence
The market has a vast presence of reputed companies such as Kimberley Clark, Unilever, Procter & Gamble, and many startups. These firms are focusing on making easy-to-use and safer hygiene products. They are launching products that are made from softer, eco-friendly materials to decrease period-related rashes and other allergies from wearing uncomfortable sanitary pads. They are also trying to expand their geographic presence and improve their products based on customers’ feedback and offer them a better experience. For example, in March 2021, Care Form Labs Private Limited, an Indian startup specializing in social innovation, announced the launch of menstrual cups that users can easily switch and are easy to use. In addition, in 2020, OrganiCup launched mini-sized menstrual cups for teenagers.
Notable Industry Development:
List of the Companies Profiled in the Report:
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 7.78% from 2024 to 2032 |
Unit | Value (USD Billion) |
By Product Type |
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By Distribution Channel |
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By Region |
North America (By Product Type, Distribution Channel, and Country)
Europe (By Product Type, Distribution Channel, and Country)
Asia Pacific (By Product Type, Distribution Channel, and Country)
South America (By Product Type, Distribution Channel, and Country)
Middle East and Africa (By Product Type, Distribution Channel, and Country)
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