The BRICS oral care market size, on the other hand, is in a considerably better situation, with demand expected to grow at a nearly double CAGR of US$ 8.4% during the same forecast period. According to the research, the BRICS countries would have an oral care product demand of $17.3 billion by 2020.
Companies that manufacture and sell dental products, organisations engaged in research as well as development of dental items, governmental bodies are to mention some entities; the target audience for this report include dentists professionals venture capitalist investors.
Based on the FMI report’s prediction, worldwide demand for oral care products will rise with a CAGR of 4.5 percent from 2014 to year-end 202 in generating US$50.8 billion sales revenue by that time
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Several companies, including
- Uniliver Group
- Colgate-Palmolive Co.
- Koninklijke Philips N.V.
- Procter & Gamble Co.
- Johnson & Johnson Inc.
- and GlaxoSmithKline Plc.
hold a strong position and are anticipated to maintain it in the near future, according to a recent study by Future Market Insights (FMI).
However, the competition in the oral care market in BRICS countries is fierce. Most of these businesses employ typical strategies to draw in and keep customers, including the creation of novel items and vigorous marketing campaigns. Vendors now have more opportunities to wow urban inhabitants and create new revenue streams thanks to the rising demand of organic products.
The survey notes that customers are increasingly prepared to pay for a range of items that helps them maintain the health of their dental and respiratory systems as a result of increased disposable income among urban populations in BRICS countries, namely Brazil, Russia, India, China, and South Africa.
The ubiquity of cellphones and the rising popularity of social media have made it easier to spread awareness across vast populations, which is helping the BRICS oral care market gain pace. Additionally, there is a growing market for dental care products that are eco-friendly and contain organic components. Another factor driving demand in this market is consumers’ increasing awareness of the importance of oral hygiene.
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Toothpaste Most Profitable Product Segment
On the basis of product type, the oral care market in the BRICS countries is segmented into primary oral care including toothbrush and toothpaste and secondary oral care including dental floss, mouthwash, denture care, and others such as whitening strips, chewing gum, and mouth fresheners. Currently, primary oral care sub-segments collective account for the most prominent chunk of demand, with toothpaste producing the maximum demand.
Gel toothpaste, sensitivity-resistant toothpaste, and gum strengthening toothpaste are a few new products attracting specific customers. On the other hand, the demand for secondary oral care products is projected to increment at a strong CAGR of 14.5% during the forecast period of 2014 to 2020, gaining traction from the introduction of new products in this segment.
Key Segment on the basis of product type
- on the basis of product type:
- primary oral care products
- toothbrush
- specialised
- mid-tier
- kids
- toothpaste
- gel toothpaste
- non-gel toothpaste
- toothbrush
- secondary oral care products
- mouthwash
- comprises flavoured
- conventional
- organic toothpaste
- dental floss
- waxed
- unwaxed
- flavoured
- unflavoured
- thread
- tape floss
- denture care
- denture care products
- cleanser
- adhesive
- paste
- denture care fixtures
- complete
- partial
- over denture fixtures
- denture care products
- others
- mouthwash
on the basis of product type
- convenience stores
- department stores
- direct selling
- general merchandise retailers
- hypermarkets & supermarkets
- vending machines
- speciality stores & pharmacies
- direct selling
- others
- primary oral care products
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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