PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1496061
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1496061
The global oral hygiene products market is poised for significant growth, with an estimated value of $23.2 billion by 2024 and reaching $32 billion by 2031. This steady expansion is driven by a CAGR of 5%, reflecting the increasing consumer awareness about dental health and the rising adoption of advanced oral care products.
Rising Demand for Innovative Oral Hygiene Products
The market's growth is primarily driven by the introduction of innovative and appealing oral hygiene products. With the increasing adoption of battery-operated and electronic toothbrushes, dental floss, fresh breath strips, mouthwashes, and denture cleansers, the oral hygiene sector is experiencing a robust expansion. These products cater to the rising consumer demand for effective and convenient dental care solutions.
One notable example of innovation is the launch of Sensodyne Nourish by GSK in February 2022. This product targets a younger demographic while maintaining the core focus on tooth sensitivity, thereby expanding its appeal and relevance.
Increasing Awareness and Adoption of Cosmetic Dentistry
Cosmetic dentistry procedures are gaining popularity as consumers become more aware of their benefits. The demand for cosmetic whitening products is on the rise, with key players like Procter & Gamble, Colgate-Palmolive, Unilever, Johnson & Johnson, and GlaxoSmithKline Plc leading the market with advanced solutions. For instance, Colgate-Palmolive introduced Visible White O2 in March 2022, utilizing active oxygen technology to whiten teeth in just three days, coupled with the "Smile Out Loud" campaign to promote the product.
Impact of Higher Product Costs and Product Recalls
Despite the positive market outlook, certain challenges could impede growth. The high cost of advanced dental care technologies can limit their affordability, particularly in developing regions. Additionally, product recalls due to safety concerns pose a potential threat to market expansion. For example, the Ivismile teeth whitening kit faced a recall in June 2021 due to severe safety concerns.
Country-wise Market Insights
United States: The U.S. market is expected to account for approximately 21.9% of the global market in 2023, driven by advanced technologies and the prevalence of dental issues such as bad breath and dry mouth. The American Dental Association and other organizations play a significant role in promoting oral hygiene through awareness campaigns and professional dental care.
Germany: With a projected market share of 2.5% in 2023, Germany is set to propel the global market due to the rising prevalence of dental caries and increasing consumer awareness. The adoption of oral care products is influenced by better informational transmission and improved point-of-care models.
India: The Indian market is anticipated to grow at a CAGR of 4.2% over the forecast period, driven by significant economic growth, evolving lifestyles, and increasing disposable incomes. Government initiatives, such as free dental camps, further promote oral hygiene awareness and product adoption.
Category-wise Market Insights
Product: Toothpastes are leading the market with a share of 36.3% in 2022 and are expected to hold a market value of US$ 8.5 billion by 2023. The penetration of toothpaste products into developing countries has significantly boosted market growth.
Indication: Dental plaque/biofilms held a share of around 29.5% in the global market in 2022. Addressing the impact of tooth decay caused by dental plaque is a primary focus for market players.
Distribution Channel: The supermarket/hypermarket segment accounted for a larger share of about 30.8% with a market value of around US$ 6.9 billion in 2022. The ease of accessibility and availability of dental hygiene products in these outlets drive their widespread adoption.
Competitive Analysis
Key Companies' Profile
Key Segments Covered in Oral Hygiene Products Industry Research