PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397257
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397257
According to the latest market report from Fairfield Market Research, the global Deodorant & Antiperspirant Ingredients market is poised to reach an impressive $33.3 Billion in 2024. Furthermore, the market is projected to continue its steady growth, with an anticipated value of $52 billion by 2031.
Deodorants and antiperspirants have become essential personal grooming products worldwide. They serve the purpose of keeping body odor at bay by addressing the bacterial degradation of sweat in areas such as armpits, feet, and other parts of the body. While they share the common goal of odor control, deodorants and antiperspirants differ in their mechanisms of action.
Both deodorants and antiperspirants incorporate fragrances to enhance their effectiveness in keeping the body smelling fresh.
Deodorants and antiperspirants have witnessed strong sales in the fragrance category due to their anti-bacterial protection and long-lasting freshness. These products have increasingly gained favor among younger generations, surpassing traditional perfumes in popularity. The affordability of deodorants and antiperspirants compared to high-end perfumes is a significant driving factor for their sales.
Manufacturers in this industry have harnessed advanced chemicals to improve the performance of deodorants and antiperspirants. Ingredients such as cyclomethicone and dimethicone have proven to be effective emollients and carriers, revitalizing mature markets in North America and Europe.
While aluminum salts are a common ingredient in antiperspirants due to their sweat-reducing properties, concerns have emerged regarding their potential hazards. Deposits of aluminum salts on skin pores have raised health and safety questions. Increased consumer awareness of these issues may impact the demand for such antiperspirants, although this has had a limited effect on deodorants and antiperspirants sales to date.
Different age groups have distinct preferences for deodorant products. Younger consumers may prioritize fragrances, while older individuals seek milder scents and antibacterial features. The formulation of deodorant products for various age groups must consider factors like skin sensitivity and varying perspiration rates.
China dominates the East Asian deodorant and antiperspirant ingredients market, representing approximately 18% of global consumers of cosmetics and personal care products. Factors such as rapid industrialization, population growth, increased disposable income, cost-effective manufacturing, and foreign investments contribute to the expansion of this market.
The United States holds a commanding market share of 24.1% in the global deodorants and antiperspirant market. The country has experienced significant growth in per capita spending, particularly in the household and personal care sectors, leading to increased sales of personal care products, including deodorants and antiperspirants.
The global Deodorant & Antiperspirant Ingredients market continues to evolve, driven by changing consumer preferences and innovations in product formulation. As the market expands, key players are expected to play a pivotal role in shaping its future.