Deodorant Market 2020-2026
Global Deodorant Market Size, Share & Trends Analysis Report by Product Type (Spray, Roll-on, Stick, and Others (Cream, Gel, Wipes)), and by Distribution Channel (Supermarkets & Hypermarket, Specialized Cosmetic Stores, and Online Channels) Forecast, 2021-2027
The global deodorant market is projected to grow at a modest CAGR of 3.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the growing popularity and trends of perfumes and deodorants among the consumers. The increasing willingness of the consumer to pay more for a premium for the products as well as a natural and organic product is also likely to propel the growth of the market over the forecast period. Furthermore, the growing concept of cruelty-free fragrances and their increased demands has also been driving the demand for the deodorants market globally.
The global deodorant market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented as a spray, roll-on, stick, and others. The other segment includes cream, gel, and wipes. The spray segment of the global deodorant market is projected to hold a substantial share in the market over the forecast period. Based on the distribution channel, the market is segmented as supermarkets & hypermarkets, specialized cosmetic stores, and online channels. The online channels segment of the global deodorant market is projected to hold a substantial share in the market over the forecast period.
Based on geography, the global deodorant market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a significant market share. The US and Canada are the major economies primarily contributing to the growth of the deodorant market in the region. Further, Adidas AG, Avon Products, Inc., Henkel AG & Co. KGaA, Lion Corp., Nike Inc., Revlon Inc., and LVMH are some of the prominent players functioning in the global deodorant market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
The market study of the global deodorant market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report is intended for deodorant manufacturing companies, research institutes, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
1. Global Deodorant Market Research and Analysis by Product Type
2. Global Deodorant Market Research and Analysis by Distribution Channels
The Report covers:
Comprehensive research methodology of the global deodorant market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global deodorant market.
Insights about market determinants that are stimulating the global deodorant market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of the market players.