PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463032
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463032
The global Oral Care market size is expected to reach USD 65.06 billion by 2032, according to a new study by Polaris Market Research. The report "Oral Care Market Share, Size, Trends, Industry Analysis Report, By Product (Toothpaste, Toothbrush, Mouthwash, Denture Products, Dental Accessories, Others); By Distribution Channel; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The oral care market is growing due to increased disposable income and healthcare spending. Rising economies and higher disposable incomes prompt individuals to invest more in personal care, including oral hygiene products. Moreover, a heightened awareness of oral health encourages consumers to prioritize oral care. Increased healthcare spending, both individually and government-funded, supports oral health promotion programs and dental services. Expanded healthcare coverage and insurance plans further enhance accessibility to dental care. Additionally, rising healthcare expenditures drive investment in advanced dental technologies and treatments.
More individuals seek dental procedures to enhance their smiles and facial appearance, driving demand for treatments like teeth whitening, veneers, orthodontics, and implants. Advancements in dental technology make procedures more accessible and less invasive. Influenced by social media and celebrity culture, people desire picture-perfect smiles, boosting cosmetic dentistry's popularity. Moreover, financing options and dental insurance coverage make treatments more affordable and accessible. The rising emphasis on cosmetic dentistry drives the oral care market, catering to a broader audience seeking innovative solutions for smile transformations.
The oral care market is growing as consumers increasingly favor natural and organic products over conventional ones. Concerns about synthetic ingredients' health risks drive the demand for safer alternatives. Natural oral care products, free from harmful chemicals like parabens, are perceived as safer and environmentally friendly. Moreover, there's a rising awareness of the connection between oral health and overall well-being, prompting interest in holistic health approaches. Formulated with botanical extracts and essential oils, natural oral care products offer additional health benefits. Additionally, the surge in eco-conscious consumerism fuels demand for environmentally friendly oral care solutions, leading to a wide range of natural and organic options in the market.
With the rise of online shopping platforms, consumers have convenient access to a wide selection of oral care products from their homes. The ease of online shopping, along with access to product reviews, encourages consumers to purchase oral care items online. Additionally, e-commerce platforms provide opportunities for smaller oral care brands to reach a broader audience and innovate in the market. The COVID-19 pandemic further accelerated this trend as safety concerns led consumers to prefer online shopping over in-person visits, solidifying the importance of e-commerce in driving oral care market growth.
In 2023, the toothbrush segment held significant revenue share owing to its use as an essential oral hygiene tool, frequent replacement cycle, and promotional campaigns.
In 2023, the supermarkets and hypermarkets segment held significant revenue share owing to convenience and accessibility, variety of brands and products, and brand visibility and promotion.
In 2023, Asia-Pacific region accounted for a significant market share due to high population size & growth, increasing awareness & adoption, and government initiatives & public health campaigns.
The market is highly competitive owing to the existence of market players with a global presence, including Church & Dwight Co., Inc., Colgate-Palmolive Company, GlaxoSmithKline (GSK), Johnson & Johnson, Lion Corporation, Procter & Gamble, Sunstar Group, and Unilever among others.
Polaris Market Research has segmented the Oral Care market report based on product, distribution channel, and region: