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The global oral care market size was valued at USD 31.69 billion in 2022. The market is projected to grow from USD 32.61 billion in 2023 to USD 42.45 billion by 2030, exhibiting a CAGR of 3.84% during the forecast period.
Fortune Business Insights™ presents this information in its report titled, “Oral Care Market Size, Share & COVID-19 Impact Analysis, By Product Type (Toothbrush, Toothpaste, Mouthwash, and Others), Application (Household and Commercial), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Sales Channel, and Others), and Regional Forecast, 2023-2030”.
The growing prevalence of diseases, including tooth decay, mouth cancer, and other periodontal diseases globally contributes to the rising consumer demand for oral care products. The growing focus of dental professionals on offering aesthetic spa treatments and generic oral caries to fulfill patient’s additional personal care needs to drive market growth.
Increased Labor During Pandemic Shortage Moderately Affected Market Growth
The COVID-19 pandemic moderately hampered the oral care market growth. The increased migration of labors from urban areas to rural areas has affected the manufacturing process of oral hygiene items affected market growth during the pandemic. However, the rising preference of recovered COVID-19 patients to adopt oral care solutions for their enamel loss and gum weakening problems, drives market growth during the forecast period.
Unilever Plc. Launched New Version of Close Up Toothpaste
In September 2021, Unilever Plc. has launched a new and updated version of its Close Up toothpaste. This new toothpaste comprises of components, including purifying gel, ice-cool crystals, and antibacterial mouthwash. The new product launch is set to drive the market growth.
Rising Prevalence of Gum and Dental Diseases to Boost Market Growth
Currently, people mainly suffer from the most common dental diseases, including mouth cancer, bad breath, tooth decay, and others, which boosted the demand and adoption of oral care products globally. The factors, such as increasing consumer awareness regarding health and hygiene, growing population’s income, and rising number of dental clinics & cosmetic stores, propel market growth during the forecast period.
Intense competition from the key players in the market with competitive pricing may hamper market growth during the forecast period.
Growing Initiatives by Key Players to Develop Eco-Friendly Packaging to Drive Market Growth
The increasing initiatives by key players toward developing new products made of eco-friendly packaging materials to decrease the carbon footprint of their business, drives market growth. The growing focus of key major players in mergers and acquisition to strengthen their market position during the projected period.
Notable Industry Development
List of the Companies Profiled in the Report:
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https://www.fortunebusinessinsights.com/oral-care-market-103533
Further Report Findings-
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 3.84% from 2023 to 2030 |
Unit | Value (USD Billion) |
| By Product Type
|
| By Application
|
| By Distribution Channel
|
Segmentation | North America (By Product Type, Application, Distribution Channel, and by Country)
Europe (By Product Type, Application, Distribution Channel, and by Country)
Asia Pacific (By Product Type, Application, Distribution Channel, and by Country)
South America (By Product Type, Application, Distribution Channel, and by Country)
The Middle East and Africa (By Product Type, Application, Distribution Channel, and by Country)
|