The oral care market is predicted to be valued at USD 49,671.2 million in 2023 and USD 80,658.3 million by 2033. Over the projection period, sales in the oral care market are expected to increase at a CAGR of 5%.
The oral care market is witnessing several intriguing trends that offer substantial opportunities for manufacturers and brands in the sector. One notable trend is the surging demand for natural and organic oral care products. As consumers grow more mindful of the ingredients in their everyday products, they are increasingly opting for natural alternatives that avoid harmful chemicals and synthetic substances. This shift is fueled by heightened awareness of the health risks posed by certain chemicals frequently used in traditional oral care products, including fluoride and triclosan.
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An emerging trend in the oral care market is the use of smart technology in oral care devices. Companies are developing innovative toothbrushes and other devices that incorporate Bluetooth connectivity, sensors, and artificial intelligence to provide users with real-time feedback on their brushing habits and oral health. This technology can help consumers improve their oral care routines and prevent oral health issues such as cavities and gum disease.
A growing trend in the oral care market is the growing focus on preventative oral care. Consumers are increasingly interested in taking a proactive approach to their oral health, rather than simply treating problems as they arise. This trend is driving demand for products such as mouthwashes, dental floss, and interdentally brushes, which are designed to help prevent cavities, gum disease, and other oral health issues.
A growing trend in the oral care market is the growing focus on preventative oral care. Consumers are increasingly interested in taking a proactive approach to their oral health, rather than simply treating problems as they arise. This trend is driving demand for products such as mouthwashes, dental floss, and interdentally brushes, which are designed to help prevent cavities, gum disease, and other oral health issues.
Key Takeaways from this Market:
- According to FMI research, the United States accounted for 21.9% of the global market in 2022.
- With an 8.2% market share in 2022, Germany has emerged as a prominent participant in the oral care market.
- In 2022, China’s oral care sector is predicted to have a market share of roughly 6.3%.
- The toothpaste segment is expected to dominate the oral care industry with a market share of around 67.8% in 2022.
- The convenience stores segment is expected to dominate the oral care market, capturing a market share of nearly 32.5% by 2023.
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How Key Players are revolutionizing this market?
The oral care industry has a very competitive environment due to numerous companies that operate globally.
Major Players are:
- Colgate-Palmolive Company
- Procter & Gamble Co.
- Unilever Group
- Koninklijke Philips N.V.
- Johnson & Johnson Limited
- GlaxoSmithKline PLC
- Amway
- Dabur
- Splat Global UK Ltd.
- Kewalraj & Co.
The oral care industry has seen a significant shift in manufacturing techniques over the years. Key players in the industry are revolutionizing the manufacturing process to improve product quality, efficiency, and sustainability. Among the main ways they are doing this is by adopting advanced manufacturing technologies such as automation, robotics, and artificial intelligence. These technologies are being used to streamline the production process, reduce waste and errors, and improve overall quality.
A significant way key players are revolutionizing the manufacturing process is by incorporating sustainable practices. This includes using eco-friendly materials, reducing water and energy consumption, and minimizing waste. Companies are also implementing closed-loop systems that enable the recycling and reuse of materials, reducing their environmental impact.
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Recent Developments in this Industry:
- In February 2022, Dabur India Ltd, the largest Science-based Ayurveda major in India, has achieved a remarkable feat in its sustainability journey. The company has become a 100% ‘Plastic Waste Neutral company’ in India, setting a new standard for environmental stewardship in the industry.
- Dabur collected, processed, and recycled a whopping 27,000 metric tonnes of post-consumer plastic waste from all corners of India in the 2021-22 financial year, signaling its unwavering commitment to preserving the planet for future generations.
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