Organic Deodorant Market to Grow at 15% CAGR until 2022
Factors
like rising awareness about the benefits of organic products, increasing per
capita income and people becoming more health conscious are expected to drive
the global organic deodorant market through 2022.
According to a TechSci Research report, “Global
Organic Deodorant Market By
Product Type, By Point of Sale, By Region, Competition Forecast &
Opportunities, 2012–2022”, global organic deodorant market is
projected to register a CAGR of over 15% during 2017 - 2022. The growth of organic
deodorant market is propelled by factors like increasing demand for chemical
free deodorants, rising per capita household disposable income, rapid
urbanization, along with premiumization of personal care industry and
increasing health awareness. In 2016, the
growth in the organic deodorant market has been witnessed globally, owing to the
rising concern towards the health hazards caused by conventional
chemical deodorants. This factor presents the real opportunity for organic
deodorant manufacturers, which are focussing on increasing their penetration developed as well as developing economies.
Browse 9 Tables and 98 Figures
spread through 157 Pages and an in-depth TOC on "Global
Organic Deodorant Market"
https://www.techsciresearch.com/report/global-organic-deodorant-market-by-product-type-spray-stick-roll-on-by-point-of-sale-supermarkets-hypermarkets-drug-store-pharmacies-specialty-stores-online-competition-forecast-opportunities/1031.html
EO® Products, Green Tidings, Sundial Brands LLC,
Lavanila Laboratories, etc., are some of the leading
players in the global organic deodorant market. These companies are expected to
maintain their dominance during the forecast period as well. In terms of
region, North America dominated the market with more than one-third of the
global market share, in terms of value, in 2016. The region is expected to
generate significant demand for organic deodorants and is anticipated to remain
dominant through 2022.
According to the World
Bank, the global internet user penetration has reached around 3.52 billion
in 2016. Huge and expanding online consumers are expected to significantly spur
demand for organic deodorants through online sales channel in the coming years.
Moreover, according to World Bank, Global GDP per capita PPP stood at $ 12,784.99
in 2010 has reached $ 16,136.07 in 2016 and is further expected to rise in
future, owing to improving economic conditions, expanding infrastructure and
trade relations among different countries, globally. This is further
anticipated to propel the demand for organic deodorants during the forecast
period across the globe. Global organic
deodorant market can be broadly categorized on the basis of product type, such
as, stick, spray, roll on & others. The stick segment dominated the market
in 2016, owing to constant product innovations in this market segment.
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“Rising focus of manufacturers on the development of organic
deodorants which are free from parabens, petrochemical ingredients and
hormone-disrupting chemical fragrances along with packaging innovations, and rising
expenditure on personal hygiene products are few of the major factors
responsible for steering the growth of organic deodorants, globally.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Organic Deodorant
Market By
Product Type, By Point of
Sale, By Region, Competition Forecast
& Opportunities, 2012–2022” has evaluated
the future growth potential of global organic deodorant market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the global organic deodorant market.
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