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Global Deodorant and Antiperspirant Market to reach USD XX billion by the end of 2029.

Global Deodorant and Antiperspirant Market Size study & Forecast, by Type(Alcohol, Fragrance, Anti-microbial, Aluminum Salt and Others) and by Product Type (Aerosol Spray, Roll-on, Stick/Gels and Others) and Regional Analysis, 2022-2029

Product Code: CMCC-17390084
Publish Date: 2-05-2023
Page: 200

Global Deodorant and Antiperspirant Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Deodorant is a substance applied over the body to get rid of body odor due to bacterial breakdown of perspiration. Whereas Antiperspirants are products that reduce sweat or perspiration on the skin, and are available in many formulations including creams, powders, and liquid sprays among others. Sometimes deodorant and antiperspirant are combined in a single product. Antiperspirants and deodorants work in different ways to reduce body odor. Antiperspirants work by reducing sweat. Deodorants work by increasing the skin’s acidity. The increasing demand for personal care products and growing awareness towards personal hygiene are key factors driving the market growth.

The rise in demand for personal care products is contributing towards the growth of the Global Deodorant and Antiperspirant market. For instance – as of 2023, the revenue in the global Beauty & Personal Care market estimated at USD 571.10 billion, and the market is projected to grow annually by 3.80% between 2023 and 2027 to reach to USD 662.98 billion towards the end of the year 2027. Also, rising strategic partnership and collaborations among market players and growing emergence of vegan deodorants would create lucrative growth prospectus for the market over the forecast period. However, environmental concerns and supply chain disruptions due to COVID-19 stifle the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Deodorant and Antiperspirant Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading deodorants and antiperspirant brands and increasing demand for male personal care products in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising penetration of vegan and plant based deodorant products and growing emergence of direct-to-consumer brands in the region.

Major market player included in this report are:
Uniliver Plc
Procter & Gamble
L’oreal Company
Avon Product Inc.
Shiseido
CavinKare Pvt. Ltd.
Henkel AG & Company KGaA
Beiersdorf AG
Godrej Consumer Products Ltd
Colgate-Palmolive
Recent Developments in the Market:
Ø In May 2022, Dove, a brand owned by Unilever plc forays into plant-based deodorant segment, with launch of its first ever natural-origin deodorant range named Dove Care by Plants Deodorant. Dove Care by Plants Deodorant is made with 99% naturally-derived ingredients and is free of aluminum, parabens and baking soda.

Global Deodorant and Antiperspirant Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Product Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Alcohol
Fragrance
Anti-microbial
Aluminum Salt
Others
By Product Type
Aerosol Spray
Roll-on
Stick/Gels
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Deodorant and Antiperspirant Market, by Region, 2019-2029 (USD Billion)
1.2.2. Deodorant and Antiperspirant Market, by Type, 2019-2029 (USD Billion)
1.2.3. Deodorant and Antiperspirant Market, by Product Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Deodorant and Antiperspirant Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Deodorant and Antiperspirant Market Dynamics
3.1. Deodorant and Antiperspirant Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for personal care products
3.1.1.2. Growing awareness towards personal hygiene
3.1.2. Market Challenges
3.1.2.1. Environmental concerns
3.1.2.2. Supply chain disruptions due to COVID-19
3.1.3. Market Opportunities
3.1.3.1. Rising strategic partnership and collaborations among market players
3.1.3.2. Growing emergence of vegan deodorants
Chapter 4. Global Deodorant and Antiperspirant Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Deodorant and Antiperspirant Market, by Type
6.1. Market Snapshot
6.2. Global Deodorant and Antiperspirant Market by Type, Performance – Potential Analysis
6.3. Global Deodorant and Antiperspirant Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Deodorant and Antiperspirant Market, Sub Segment Analysis
6.4.1. Alcohol
6.4.2. Fragrance
6.4.3. Anti-microbial
6.4.4. Aluminum Salt
6.4.5. Others
Chapter 7. Global Deodorant and Antiperspirant Market, by Product Type
7.1. Market Snapshot
7.2. Global Deodorant and Antiperspirant Market by Product Type, Performance – Potential Analysis
7.3. Global Deodorant and Antiperspirant Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
7.4. Deodorant and Antiperspirant Market, Sub Segment Analysis
7.4.1. Aerosol Spray
7.4.2. Roll-on
7.4.3. Stick/Gels
7.4.4. Others
Chapter 8. Global Deodorant and Antiperspirant Market, Regional Analysis
8.1. Deodorant and Antiperspirant Market, Regional Market Snapshot
8.2. North America Deodorant and Antiperspirant Market
8.2.1. U.S. Deodorant and Antiperspirant Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. Product Type breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Deodorant and Antiperspirant Market
8.3. Europe Deodorant and Antiperspirant Market Snapshot
8.3.1. U.K. Deodorant and Antiperspirant Market
8.3.2. Germany Deodorant and Antiperspirant Market
8.3.3. France Deodorant and Antiperspirant Market
8.3.4. Spain Deodorant and Antiperspirant Market
8.3.5. Italy Deodorant and Antiperspirant Market
8.3.6. Rest of Europe Deodorant and Antiperspirant Market
8.4. Asia-Pacific Deodorant and Antiperspirant Market Snapshot
8.4.1. China Deodorant and Antiperspirant Market
8.4.2. India Deodorant and Antiperspirant Market
8.4.3. Japan Deodorant and Antiperspirant Market
8.4.4. Australia Deodorant and Antiperspirant Market
8.4.5. South Korea Deodorant and Antiperspirant Market
8.4.6. Rest of Asia Pacific Deodorant and Antiperspirant Market
8.5. Latin America Deodorant and Antiperspirant Market Snapshot
8.5.1. Brazil Deodorant and Antiperspirant Market
8.5.2. Mexico Deodorant and Antiperspirant Market
8.5.3. Rest of Latin America Deodorant and Antiperspirant Market
8.6. Rest of The World Deodorant and Antiperspirant Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Unilever plc
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Procter & Gamble
9.2.3. L’oreal Company
9.2.4. Avon Product Inc.
9.2.5. Shiseido
9.2.6. CavinKare Pvt. Ltd.
9.2.7. Henkel AG & Company KGaA
9.2.8. Beiersdorf AG
9.2.9. Godrej Consumer Products Ltd
9.2.10. Colgate-Palmolive
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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