DEODORANT AND ANTIPERSPIRANTS MADE SIMPLE: WHAT YOU NEED TO KNOW

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MARKET ANALYSIS OF DEODORANTS AND ANTIPERSPIRANTS

Deodorants and Antiperspirants are considered personal care products for humans which are used to eliminate body odor and control sweating to a certain extent. The ingredients of these products, namely, fragrance, anti-microbial particles, and other liquid items make them capable to fight odor and make the person feel fresh and smell good. Due to these ingredients, the life span of the deodorants is increased. Some of the prominent deodorant brands available are Dove, Unilever company, Godrej consumer products ltd., Cavin Kare Pvt. Ltd., etc.

Now, if we talk about the market share of deodorants and antiperspirants in the world, then it is close to USD 29121 million in the year 2021 with respect to revenue. You would be in shock after listening to this big value. Let’s see what the reason behind this huge market value. First, the deodorant market is driven by the young population which is increasing at a rapid pace. These products are very popular amongst youngsters due to their anti-bacterial and freshness qualities; secondly, the attractive packaging and design of deodorant bottles attract people who tend to purchase them. These are some of the major reasons that took the market of deodorants and antiperspirants to the USD 29121 million mark.



CURRENT MARKET ANALYSIS OF THE DEODORANT INDUSTRY

Throughout the year 2020, deodorants and antiperspirants were considered the popular products in the trade. They were the 832nd most traded goods in the same year with a trade value of USD 3.53 billion and almost every country had a dedicated space in its Import Export Data report.

The biggest exporters of deodorants and antiperspirants as per Import Export Data of each country in the year 2020 were:

·        The United Kingdom (USD 428 million)

·        Germany (USD 386.5 million)

·        The United States (USD 258 million)

·        The United Arab Emirates (USD 210 million)

·        Netherlands (USD 200 million)

The biggest importers of deodorants and antiperspirants as per Import Export Data of each country in the year 2020 were:

·        Netherlands (USD 220 million)

·        Germany (USD 210 million)

·        The United States (USD 190 million)

·        The United Kingdom (USD 155 million)

·        France (USD 147.55 million)

Now as far as 2022 is concerned, the deodorants and antiperspirants market is growing at a decent pace. Especially in Mexico, where stress is given to the development and trade of deodorants due to the rising demand in the nation.

Let’s see what the market value share percentage has to say about this industry. According to the statistics, European nations are the nations that require most of the fragrances due to which their market share is the highest i.e., 30.2%, followed by North American and Asian Pacific nations.

In the month of July 2020, Proctor & Gamble launched some eco-friendly packaging of some deodorants to increase their sales and boost the Import Export Data of a few countries.                                                                                                                                                                                        

CONCLUSION

In the end, we just want to conclude that due to the rise in the population of the younger generation in the world, the demand for deodorants and antiperspirants would increase several folds. The Import Export Data of every country will show the trade values in near future. There would be more increased competition amongst the deodorant brands.

STAY IN TOUCH WITH US FOR REGULAR INSIGHTS

If you want further analysis and the best advice about the Import Export Data or Global Trade Data of any country, then get in touch with TradeImeX® Info Solution Pvt Ltd. We are one of the best companies available online that provide 100% accurate and reliable trade data from more than 70 countries including Vietnam Trade Data and at affordable prices. We deal in providing customized databases to our clients which are highly curated as per each client’s needs and wants and are known as the best Import Export Data Provider in the industry.

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  1. TradeImexJanuary 19, 2023 at 1:21 AM

    TradeImeX is a leading IMPORT EXPORT DATA And Trade Data Provider Company. We cover 70+ Countries Import Export Trade Data Online. Discover Growth Trends.

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