14th October 2019 – The global Oral
Care Market size is expected to value at USD 40.9 billion by 2025. The
market is subject to witness a substantial growth due to the increasing
awareness about oral hygiene and rising prevalence of dental caries. The rise
number of initiatives undertaken by local governmental and private bodies to
promote dental hygiene across the globe is expected to fuel the growth of the
market over the forecast period. Globally, the oral care market is predicted to
grow at CAGR of 5.0% in forecast period, providing numerous opportunities for
market players to invest in research and development in the market.
Other factors responsible for market
growth, in the recent years, are increasing awareness in regards to dental
hygiene, and increasing demand for oral advanced oral products to maintain
proper oral hygiene. Additionally, growing popularity of cosmetic dental treatment
among general population in both developed and developing economies across the
globe is anticipated to drive market expansion in upcoming years. Cosmetic
dental treatment allows improvements in esthetics, and provides fresh breath.
Such factors are critical in influencing market growth during the forecast
period. Increasing application of the cosmetic whitening products to improve
dental esthetics is considered as one of the critical factors driving demand of
the oral care products. Increasing prevalence of dental caries is leading to
soaring demand of oral care products, in the recent years.
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Increasing geriatric population in both
developed and developing economies across the globe is expected to amplify
market growth, in the years to come. Geriatric population is prone towards
dental diseases due to weakened immunity. Additionally, easy availability of
dental products and lowered prices are some of the key factors complementing
market growth in the last couple of years. Geriatric population also suffer
from increased bone loss due to ageing, leading to the growing need for dental
care. Changing food preference among younger population is also positively
impacting the growth of oral care industry.
Recent technological advancement in the
healthcare sector is introduction of innovative products in the market, thus
augmenting overall market value of oral care products. Introduction of electric
and battery-powered toothbrushes, dental floss, denture adhesive creams, and
mouthwash are is driving demand for oral care products. Increasing demand of
dental care products by the middle-income and high-income groups across the
globe are influencing marker growth, in the recent years as well. The oral care
market is broadly categorized into three types such as toothpaste, toothbrush,
and mouthwash. Toothpaste is considered as one of the fastest growing segment
in the oral care industry with substantial revenue generation in the last
couple of years.
Growing popularity of the toothpaste market
segment in attributed to increasing usage across various income groups and easy
availability. Different types of toothpaste available in the market include
gels, pastes, and powder, thus providing consumers wide variety. Toothbrush
market segment also witnessed substantial growth in the last few years owing to
the increasing preference electric and battery-powered toothbrushes. Mouthwash
is also estimated to display lucrative growth opportunities during the forecast
period due to its growing use for maintenance of dental hygiene.
The oral care industry is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the increase in the per
capita income, recent technological advancement in oral care products, and rise
in adoption of electric toothbrush. Asia-Pacific region is predicted to hold
major market share in the oral care market with massive growth in forecast
period. Countries such as India, China and Japan are leading the Asia-Pacific
market with ever-growing population, and increasing awareness about dental
hygiene, rising prevalence of oral diseases, and significant investment by
leading industry players considering potential growth opportunities in the region.
The key players in the oral care
industry are Procter & Gamble Company Co., Johnson & Johnson Consumer
Incorporations, Colgate-Palmolive Ltd., GlaxoSmithKline plc, Church &
Dwight Corporations, Dr. Fresh Ltd., Dentaid SL, Lion Co., and Sunstar Suisse
S.A.
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