Growing awareness regarding oral hygiene, emerging innovations in the product line, and easy availability of toothpaste drive the growth of the global toothpaste market. Based on product type, the conventional toothpaste segment held the highest market share. Moreover, the market across Asia-Pacific has held the lion’s share in 2019, and would continue leading the trail by 2027.
Portland, OR, May 31, 2021 (GLOBE NEWSWIRE) -- According to the report, the global toothpaste industry accounted for $18.85 billion in 2019, and is projected to reach $24.54 billion by 2027, growing at a CAGR of 3.7% from 2021 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.
Growing awareness regarding oral hygiene, emerging innovations in the product line, and easy availability of toothpaste drive the growth of the global toothpaste market. However, usage of harmful ingredients and rising alternatives for oral care impede the market growth. Nevertheless, recyclable toothpaste tubes and pop it casing for toothpaste are anticipated to usher multiple opportunities for the market players in the near future.
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The disrupted supply chain and shortage of supplies had curbed the distribution and manufacturing of toothpaste products during the initial phase of lockdown.
However, government initiatives to support essential services during the lockdown aided the industry to some extent. In addition, the manufacturers are now reviving their strategies for better approaches, owing to which the industry is expected to recoup soon.
The global toothpaste market is segmented on the basis of product type, end user, distribution channel, and region. Based on product type, the conventional toothpaste segment contributed to the largest share in 2019, accounting for more than two-thirds of the global market. At the same time, the herbal toothpaste segment is expected to register the highest CAGR of 5.6% during the forecast period. The report also includes whitening and sensitive toothpaste segment.
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Based on end user, the kids segment is anticipated to manifest the highest CAGR of 4.6% during the forecast period. On the other hand, the adults segment held the maximum share in 2019, accounting for more than four-fifths of the global toothpaste market.
Based on region, the Asia-Pacific held the highest market share in 2019, accounting for nearly half of the global revenue share. In addition, the region is also projected to register the highest CAGR of 4.8% during the forecast period. The report also analyzes the market across North America, LAMEA, and Europe.
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The major market players in the report includesAmway Corporation, Arms & Hammer, Colgate Palmolive, Dabur International Ltd, GlaxoSmithKline PLC (GSK), Henkel AG, Johnson & Johnson Services, Procter & Gamble, Patanjali Ayurved Ltd, and Unilever Group.
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