Market growth due to following factors-
· Growing incidence of dental diseases.
· Rising awareness about oral hygiene.
· Technological advancements in oral care products.
Global market size-
According to the latest market research report the Oral Care Market is projected to reach $ 53.3 billion by 2025, at a CAGR of 3.1%.The toothpaste segment is expected to account for the largest share of the Oral Hygiene Market in 2019.
Top Segment -• Based on product, the market is categorized into toothpaste, toothbrushes & accessories, mouthwashes/rinses, denture products, dental accessories/ancillaries, and dental prosthesis cleaning solutions. In 2019, the toothpaste segment was expected to account for the largest share of the Oral Care Market
• By distribution channel, the Oral Hygiene Market is segmented into consumer stores, retail pharmacies, dental dispensaries, and online distribution. Online distribution is expected to grow at the fastest CAGR in the forecast period in this segment.
Leading players -
The key players operating in the Oral Care Market include Colgate-Palmolive Company (US), The Procter & Gamble Company (US), GlaxoSmithKline PLC (UK), Unilever PLC (UK), Koninklijke Philips N.V. (Netherlands), Johnson & Johnson (US), GC Corporation (Japan), 3M Company (US), Lion Corporation (Japan), Church & Dwight Co., Inc. (US), Sunstar Suisse S.A. (Switzerland).
Geographic overview -
In 2019, the Asia Pacific was estimated to account for the largest share of the Oral Care Market, followed by Europe. The dominant share of the Asia Pacific is attributed mainly to the rising geriatric population, raising awareness on oral healthcare, increasing focus of prominent players on emerging Asian countries, growing prevalence of dental diseases, increasing healthcare expenditure (coupled with the increasing disposable income), and the willingness to spend more on dental care.