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Global Deodorant Market Size By Type (Spray, Stick), By Channel (Specialty Stores, Online), By Geographic Scope and Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Deodorant Market Size By Type (Spray, Stick), By Channel (Specialty Stores, Online), By Geographic Scope and Forecast

Deodorant Market Size And Forecast

Deodorant Market size was valued at USD 28.25 Billion in 2024 and is projected to reach USD 39.72 Billion by 2031, growing at a CAGR of  4.80% from 2024 to 2031.

  • Deodorant is a personal care product that prevents or conceals body odor caused by bacterial development. Deodorants, which are often available in sprays, sticks, and roll-ons, contain antimicrobial chemicals that prevent the growth of odor-causing bacteria, as well as perfumes to provide a pleasant scent.
  • They are widely used on underarms and other perspiration-prone regions, give people confidence and comfort throughout the day.
  • The future of deodorants lies on innovation motivated by sustainability and health-conscious consumer preferences. Eco-friendly packaging, natural and organic formulas, and integration with technology for tailored aroma profiles or increased efficacy monitoring are all expected to evolve in response to changing customer tastes and environmental concerns.

Global Deodorant Market Dynamics

The key market dynamics that are shaping the global deodorant market include

Key Market Drivers

  • Personal Hygiene AwarenessRising awareness of personal hygiene and grooming habits is a key driver of the deodorant business. As people become more aware of their body odor and the need to keep a fresh aroma, the demand for deodorants as a daily necessity grows. This awareness is especially strong among metropolitan communities and younger demographics who value personal care and grooming habits.
  • Lifestyle ChangesShifting lifestyle patterns, such as increased disposable incomes, urbanization, and changing social standards, all help to drive the deodorant market forward. Urbanization exposes people to more congested situations and greater temperatures, necessitating the usage of deodorants to reduce odors. Furthermore, shifting social standards and the emphasis on professional appearance increase the usage of personal hygiene products such as deodorants and confidence in social and professional settings.
  • Product Innovation Increasing product innovation and formulation breakthroughs keep consumers interested and engaged in the deodorant business. Manufacturers spend in R&D to create novel formulas, perfumes, and application methods that cater to a wide range of consumer preferences and needs. Long-lasting formulations, natural and environmentally friendly components, and aluminum-free solutions appeal to health-conscious consumers looking for effective and safer alternatives.
  • Marketing and Branding StrategiesEffective marketing and branding techniques are critical in shaping consumer perceptions and preferences in the deodorant sector. Celebrity endorsements, social media campaigns, and experiential marketing strategies are used by brands to raise brand recognition, form emotional connections, and differentiate themselves in a competitive market. Strong branding, combined with product positioning that reflects lifestyle aspirations and values, influences customer purchase decisions and propels market growth.

Key Challenges

  • Regulatory ComplianceThe deodorant market faces considerable challenges in meeting rules and standards governing ingredients, labeling, and safety. Regulatory standards change throughout areas, making it difficult for producers to verify compliance with many authorities. Furthermore, rising scrutiny of potentially dangerous substances like aluminum compounds and synthetic scents needs ongoing monitoring and reformulation efforts to satisfy changing regulatory standards.
  • Rising Consumer Health ProblemsThe industry faces a challenge as consumers become more aware of the health and wellness problems connected with conventional deodorant chemicals. Health-conscious consumers are increasingly looking for natural, organic, and chemical-free options, resulting in a shift away from traditional deodorants that may include dangerous ingredients. Manufacturers face the difficulty of reformulating their products to fulfill consumer expectations for safer and more ecologically friendly solutions.
  • High Competition The deodorant market is characterized by high competition between established brands and developing players, resulting in pricing pressures and product commoditization. Brands make significant investments in marketing, advertising, and promotional activities to attract customer attention and market share, resulting in rising marketing costs and margin pressures. Furthermore, the proliferation of private label brands and the emergence of direct-to-consumer channels have increased competition, making it difficult for established companies to differentiate themselves and remain relevant in the market.
  • Sustainability and Environmental Impact Rising awareness of environmental issues and sustainability concerns poses a challenge to the deodorant industry. Packaging waste, carbon emissions from manufacturing and delivery, and the use of non-biodegradable materials all contribute to the industry’s environmental impact. Manufacturers under pressure to embrace sustainable practices throughout the product lifecycle, this includes obtaining environmentally friendly materials, decreasing packaging waste, and instituting recycling and disposal programs. Balancing sustainability aims with product performance, cost considerations, and consumer expectations is a difficult problem for players in the deodorant sector.

Key Trends

  • Natural and Organic FormulationsA significant development in the deodorant market is an increase in customer desire for natural and organic formulations. Concerns about potentially dangerous ingredients like aluminum compounds and synthetic scents have prompted customers to look for better alternatives. As a result, there is an increasing demand for deodorants made from plant-based chemicals, essential oils, and other natural odor-fighting compounds. Manufacturers are responded to this trend by introducing natural and organic deodorants, catering to health-conscious customers looking for effective and environmentally friendly solutions.
  • Rising Popularity of Gender-Neutral ProductsAnother trend influencing the deodorant business is the increase of gender-neutral and unisex deodorant alternatives. Consumers are increasingly seeking inclusive and gender-neutral personal care goods, challenging traditional gender-specific marketing techniques. Brands are introducing deodorants with neutral smells and packaging designs to appeal to a wider audience and address a variety of preferences. This development reflects changing societal attitudes about gender identity and expression, which is driving demand for more inclusive deodorant product offers.
  • Focus on Sustainability and Eco-friendly Packaging Sustainability is emerging as a key trend in the deodorant business, with consumers increasingly valuing environmentally friendly packaging and sustainable processes. Brands are using recyclable materials, biodegradable packaging, and refillable choices to lessen their environmental effect and address packaging waste concerns. Furthermore, there is an increasing to match customer values and sustainability goals, emphasizing transparent supply chains, ethical sourcing, and carbon-neutral production practices. Sustainability initiatives are increasingly being integrated into brand positioning and marketing strategies in the competitive deodorant market.
  • Personalization and CustomizationPersonalization and personalization are developing trends that are propelling innovation in the deodorant market. Consumers want individualized smell profiles and bespoke solutions to fit their specific wants and preferences. Brands are using technology, data analytics, and customer insights to provide personalized deodorant formulas, fragrance combinations, and packaging designs. In the competitive deodorant industry, brands may increase customer loyalty and engagement by creating personalized experiences and addressing specific consumer concerns.

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Global Deodorant MarketRegional Analysis

Here is a more detailed regional analysis of the global deodorant market

North America

  • The deodorant market dominates North America, owing to a variety of causes. For starters, the region has a high degree of consumer knowledge about personal hygiene and grooming practices, which results in a steady need for deodorant products.
  • Also, strong brand presence and marketing efforts help North American customers develop brand loyalty, which influences their purchase decisions. Furthermore, lifestyle preferences, such as greater emphasis on professional appearance and an active lifestyle, contribute to increased demand for deodorants.
  • North America’s broad demographic mix, combined with urbanization and changing social norms, fuels market expansion by meeting a wide range of customer wants and preferences. Overall, North America is a lucrative market for deodorant makers, stimulating innovation and competitiveness in the sector.

Asia Pacific

  • The deodorant market in Asia Pacific is expanding rapidly, making it the world’s fastest-growing segment. Several factors are driving this expansion, including increased urbanization, rising disposable incomes, and shifting grooming practices among the region’s large population.
  • As urbanization accelerates, more people are exposed to congested spaces and higher temperatures, raising awareness of the need for personal hygiene items such as deodorants. Additionally, the developing middle class and rising consumer ambitions stimulate the adoption of Western grooming techniques, which boosts demand for deodorants.
  • Furthermore, the impact of social media and globalization has increased the popularity of personal care goods, such as deodorants, among Asian consumers. As a result, the Asia Pacific area provides substantial prospects for deodorant makers, leading to its position as the fastest-growing section of the global deodorant market.

Global Deodorant Market Segmentation Analysis

The Global Deodorant Market is segmented on the basis of Type, Distribution Channel, and Geography.

 Global Deodorant Market, By Type

  • Spray
  • Stick

Based on Type, the global deodorant market is segmented into Spray and Stick. The spray segment dominates as the favored type. Spray deodorants are popular among consumers all over the world because they are convenient, easy to use, and come in a range of fragrances. However, the stick deodorant category is the fastest-growing section in terms of online sales. Stick deodorants are popular online due to their easy application, longer-lasting protection, and increased availability of natural and eco-friendly formulations. As e-commerce platforms increase and customer preferences shift, online sales of stick deodorants are likely to exceed spray deodorants, fueling growth in this category.

Global Deodorant Market, By Distribution Channel

  • Specialty Stores
  • Online

Based on the Distribution Channel, the global deodorant market is segmented into Specialty Stores and online. The online channel is quickly becoming the main segment. As consumers increasingly resort to e-commerce platforms for convenience and accessibility, online deodorant sales have increased dramatically. The ease of exploring and purchasing products online, together with competitive price and a diverse selection of options, has contributed to the online channel’s dominance in the deodorant business. Furthermore, as retail continues to digitalize and online shopping platforms emerge, the internet segment is likely to maintain its strong development trajectory, outperforming traditional brick-and-mortar specialized stores in the future years.

 Global Deodorant Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the global deodorant markets are classified into North America, Europe, Asia Pacific, and Rest of World. North America appears as the main segment, owing to a mix of variables including high consumer awareness, strong brand presence, and personal lifestyle preferences. However, Asia Pacific is the fastest-growing segment in internet sales, driven by increased urbanization, rising disposable incomes, and changing grooming habits among the region’s large population. As e-commerce platforms gain popularity in Asia Pacific, people increasingly prefer the convenience of online shopping for personal care products such as deodorants, contributing to the region’s rapid increase in online sales.

Key Players

The “Global Deodorant Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Procter & Gamble Company, Unilever PLC, Henkel AG & Co. KGaA, L’Oréal S.A., Beiersdorf AG, Colgate-Palmolive Company, Kimberly-Clark Corporation, Revlon, Inc., Church & Dwight Co., Inc., and Coty, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Deodorant MarketRecent Developments

  • In May 2024, Dove introduced a new deodorant, VitaminCare+, enriched with niacinamide, to meet consumer demand for premium, aluminum-free products. This innovative range capitalizes on the multi-million-dollar, fast-growing sector.
  • In February 2024, Old Spice, the legendary brand recognized for its fresh smells and practical grooming products, will debut NEW Old Spice’s NEW Total Body Deodorant collection has dermatologist-tested aluminum-free solutions in three energizing formsTotal Body deodorant spray, Total Body deodorant cream, and Total Body deodorant stick. Each product applies clear, offers clinically proven odor prevention for up to 72 hours, and is soft enough to be used all over. With this range, guys can overcome their body odor concerns and enjoy the confidence of smelling better than ever. Total Body Deodorant is a range of products meant for all-over application, providing 24-hour freshness from the pits to the toes and down.
  • In April 2024, Dove Men+Care’s new whole-body deodorant taps into a rapidly expanding trend. With customer demand for deodorants that go below the belt on the rise, Dove Men+Care has just launched a new line to prevent body odor practically anywhere. Here’s how the brand is capitalizing on a rapidly growing trend.

Report Scope

Report AttributesDetails
Study Period

2021-2031

BASE YEAR

2024

Forecast Period

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Procter & Gamble Company, Unilever PLC, Henkel AG & Co. KGaA, L’Oréal S.A., Beiersdorf AG, Colgate-Palmolive Company, Kimberly-Clark Corporation, Revlon, Inc., Church & Dwight Co., Inc., and Coty, Inc.

SEGMENTS COVERED
  • By Type
  • By Distribution Channel
  • By Geography
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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