Antiperspirant and Deodorant Market: Global Industry Analysis and Forecast (2024-2030)

Antiperspirant and Deodorant Market size was valued at US$ 3.96 Bn. in 2023 and the total Antiperspirant and Deodorant revenue is expected to grow by 4.3% from 2024 to 2030, reaching nearly US$ 5.32 Bn.
Antiperspirant and Deodorant Market Overview:
Deodorants, by deodorization and/or antibacterial activity, minimize or cover undesirable body smells. They do not, however, interact with sweat gland secretion delivery. Antiperspirants work by suppressing perspiration, which is released by the eccrine glands. Antiperspirants often contain aluminum or zirconium-based chemicals that can form a temporary clog within the sweat duct, preventing sweat from reaching the skin's surface. The report explores the Antiperspirant and Deodorant market's segments (Product, Fragrance, Sales Channel, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Antiperspirant and Deodorant market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Antiperspirant and Deodorant market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Antiperspirant and Deodorant Market Dynamics:
The growing demand for natural deodorants is a major driver of the market growth.

People may continue to use natural deodorants for a variety of reasons, including to avoid the use of certain chemical substances; to reduce their exposure to various substances and possible illnesses; to avoid any skin irritation caused by antiperspirants, or for their own peace of mind. However, the businesses should take into account the fact that the phrase "natural" in cosmetics is neither defined nor controlled by the FDA. This implies that natural goods may still include hazardous components or other compounds. Antiperspirant and Deodorant Market Segment Analysis:

The health hazards associated with product contents in the industry are a major restraint in the market growth.

Misleading messaging and plain deceptive advertising have taken over the personal care business. Worryingly, businesses are prioritizing profits over the health and well-being of their customers. While the FDA takes its time reacting to and enforcing legislation that may prohibit dangerous additives, customers continue to use their "trusted" brands. Antiperspirants and deodorants are a trendy issue. Misinformation and uncertainty abound on the internet, and if there is one thing that needs to be clarified, it is the customers' health. The main issue is the terrifying warning that harmful chemicals in deodorants and antiperspirants might cause cancer, Alzheimer's, allergic responses, and other diseases. One of the primary problems is aluminum. However, it is not the sole source of concern. Most traditional deodorants include a variety of harmful compounds, including aluminum chlorohydrate, parabens, triclosan, TEA, DEA, FD&C colors, etc.

The bottled-up demand in the post-pandemic era is expected to be a key opportunity in the market.

Personal grooming items, such as deodorants and fragrances, lost their significance during the outbreak, since working professionals, young people, and women, who are the primary target audiences for these products, had fewer opportunities to use them. As per Euromonitor International, the deodorants and perfumes categories grew by 10% and 12%, respectively, through 2023. Their market sizes, however, shrank significantly as consumers reduced their expenditure on luxury beauty and personal care items. Corporations in these categories saw a chance to recover losses earlier in the year 2021 when businesses were gradually opening up and customers were getting warmed up to the notion of leaving their homes. New brands joined the market, while old ones released new perfumes.
Antiperspirant and Deodorant Market Segment Analysis:
By Sales Channel, the convenience store segment is expected to grow at a CAGR of 5.2% in the forecast period. The majority of fragrances and antiperspirants are sold offline at modern retail shops and department store chains. Shoppers Stop, Lifestyle, Central, and others account for a significant portion of sales in developing countries. Analysts from Maximize Market Research conclude that department stores account for over 30% of total sales in developing countries e.g. India and Pakistan. Because these businesses and malls were shut down in the lockdown, their performance in major cities has suffered.

Unlike other goods such as hair products, deodorants are not yet an essential element of the daily personal care routine for customers in developed countries. According to industry estimates, deodorants have a 13 to15.5 % penetration rate. Marketing companies can do very little to increase demand in a low-penetration category like perfumes, where consumption is dependent on the occasions for usage. In such cases, brands frequently resort to discounts. For example, most deodorants are available at a 20-30% discount on Amazon India. Companies that have cut their advertising expenditures might redirect that money to discounts.
Antiperspirant and Deodorant Market Regional Insights:
Deodorants are an established market in industrialized countries such as the United States and Europe. In these markets, manufacturers must produce innovative items and optimize their product mix in order to boost their sales. Companies are more or less obligated to produce novel solutions that provide rapid, effective odor and wetness prevention. Deodorant manufacturers have attempted to increase sales by depending on continual new releases as well as product portfolio expansions. Europe has the world's largest regional market for deodorants and antiperspirants. Europe and the United States accounted for a sizable portion (nearly 40%) of international deodorant sales in 2023. The demand for deodorants fell moderately in both Europe and the United States in 2023, owing to an economic downturn that drove customers to cut back on spending on unnecessary items e.g. deodorants.

The personal care sector in developing countries e.g. India is seeing rapid development as a result of men's increased emphasis on cleanliness, grooming, and attractiveness. Male-oriented items are rapidly outpacing the previously female-dominated cosmetics and personal care sector. When it comes to scents, men prefer deodorants over the costly perfumes loved by women. This has given a significant boost to total deodorant sales. Another significant development in the deodorant business is a push toward more natural products. The growing awareness of the advantages of natural goods has resulted in an increase in demand for deodorants containing herbs and florals. Cucumber, aloe vera, lemongrass, and green tea are among the natural components increasingly being utilized in antiperspirants to attract health-conscious consumers.

The objective of the report is to present a comprehensive analysis of the Antiperspirant and Deodorant market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Antiperspirant and Deodorant market dynamics, and structure by analyzing the market segments and projecting the Antiperspirant and Deodorant market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Antiperspirant and Deodorant market make the report investor’s guide.
Antiperspirant and Deodorant Market Scope: Inquiry Before Buying



Antiperspirant and Deodorant Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 3.96 Bn.


Forecast Period 2024 to 2030 CAGR:
4.3%
Market Size in 2030:
US $ 5.32 Bn.


 Segments Covered:
by Product
 1. Antiperspirant
2. Deodorant


by Fragrance
1. Floral Deodorants and Antiperspirants
2. Fruity Deodorants and Antiperspirants
3. Warm Deodorants and Antiperspirants
4.  Woody & Earthy Deodorants and Antiperspirants
5. Fragrance-free Deodorants and Antiperspirants


by Sales Channel
1. Drug Stores
2. Convenience Stores
3. Beauty Stores
4. Online Retail
5. Other



Antiperspirant and Deodorant Market, by Region
1. North America (United States, Canada and Mexico)
2. Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
3. Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
4. Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
5. South America (Brazil, Argentina Rest of South America)
Antiperspirant and Deodorant Market Key Players
1. Church and Dwight
2. Unilever
3. Verdan Sarl
4. Shiseido
5. Estee Lauder
6. McNroe
7. Yardley of London
8. Christian Dior
9. Hypermarcas
10. Revlon
11. Tom's of Maine
12. Vini Group
13. Lion
14. Beiersdorf
15. Godrej Consumer Products
16. Kao
17. TTK Healthcare

Frequently Asked Questions:

1. What is the growth rate of Global Antiperspirant and Deodorant Market?
Ans: The Global Antiperspirant and Deodorant Market is growing at a CAGR of 4.3% during forecasting period 2024-2030.

2. What is scope of the Global Antiperspirant and Deodorant Market report?
Ans: Global Antiperspirant and Deodorant Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in Global Antiperspirant and Deodorant Market?
Ans: The important key players in the Global Antiperspirant and Deodorant Market are – Church and Dwight, Unilever, Verdan Sarl, Shiseido, Estee Lauder, McNroe, Yardley of London, Christian Dior, Hypermarcas, Revlon, Tom's of Maine, Vini Group, Lion, Beiersdorf, Godrej Consumer Products, Kao, and TTK Healthcare

4. What is the study period of this Market?
Ans: The Global Antiperspirant and Deodorant Market is studied from 2023 to 2030.