In 2023, the deodorant roll-on market was projected to be valued at approximately US$ 7,165.40 million. By the end of 2024, it is expected to reach a valuation of around US$ 7,595.32 million. Over the forecast period, spanning until 2034, the global market for deodorant roll-on is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 6%, reaching a size of approximately US$ 13,602.03 million.
Key industry Trends and Highlights
- Product formulations in the deodorant roll-on market have seen notable innovations, with companies introducing features and formulations that enhance the customer experience.
- These innovations focus on using components that are gentle on the skin, provide long-lasting effectiveness, and offer distinctive fragrance profiles, thereby improving the overall quality of deodorant roll-on products.
- Packaging trends in the market have shifted towards sustainability, with a growing emphasis on environmentally friendly packaging solutions.
- Companies have responded to consumer demands for eco-conscious options by introducing innovative packaging designs and promoting sustainability as a key selling factor for their roll-on products.
- Sustainable packaging techniques are increasingly being adopted to reduce environmental impact and align with consumer preferences for more eco-friendly choices in the deodorant roll-on market.
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Deodorant roll-ons keep one fresh, sweat-free, and also spread a pleasant odor. Deodorant roll-ons prevent the growth of bacteria on the skin, reduce the amount of sweat, and mask the odor through fragrance attributed to the growth of deodorant roll-ons market.
Reasons for Covering the Deodorant Roll-Ons Market Title
The rise in demand for deodorants and perfumes among young consumers is accelerating the demand for natural ingredients for manufacturing deodorant roll-ons. The product premiumization trend, along with attractive packaging attracts consumers toward deodorant is an important factor influencing the growth of the deodorant roll-ons market in the near future.
Prominent players in the deodorant roll-ons market are focusing on increasing awareness and enhancing their market presence through various digital marketing campaigns by targeting the right audience. Additionally, the expanding demand for deodorant roll-ons with a long-lasting fragrance as well as effective anti-bacterial features, and due to an increasing healthy-living trend, consumers are demanding natural deodorants.
However, the growing consumer concerns about health issues associated with the ingredients used in deodorant roll-ons and the availability of alternative products in the market are some hinders to the deodorant roll-ons market in the near future.
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Global Deodorant Roll-Ons Market: Key Players
Some of the key players operating in the global deodorant roll-ons market are
- Kao Corporation
- Henkel AG & Company
- Church & Dwight
- Revlon, Inc
- L’Oreal S.A
- Unilever
- HELEN OF TROY
- Procter & Gamble Co
- Beiersdorf AG
- Adidas AG
An emerging trend in the deodorant roll-ons market is the increasing number of key players appointing various celebrities to endorse their products, to influence consumers to buy the endorsed deodorant roll-ons.
Rise in the fragrance industry, growing demand for antiperspirant deodorants, rise in per capita expenditure on personal care products, and intense competition in organized and unorganized segments in developing countries are some of the leading factors driving the growth of the global deodorant roll-ons market.
Moreover, the increasing focus on customer-centric approach and rapid advancements in personal care products influence various companies to develop novel products and adopt a unique marketing strategy, which in turn fuels the growth of the deodorant roll-ons market.
Global Deodorant Roll-ons Market: Key Developments
- In 2018, Unilever expanded its deodorants product line by launching three new floral twist deodorant roll-ons under the Dove brand name. These products contain Dove’s famous ¼ moisturizing cream formula to care for sensitive underarm skin. These unique floral twist products include deodorant aerosol, deodorant stick, and deodorant roll-on formats, to capture new, loyal customer attention coupled with increased brand penetration within the deodorant roll-ons market.
- In 2016, Lion Corporation introduced a novel ban sweat-blocking premium deodorant roll-ons. These new deodorant roll-ons are formulated with a new ingredient that creates a waterproof film and adheres more strongly to the skin.
Opportunities for Global Deodorant Roll-Ons Market Participants
Rapidly booming cosmetic industry, growing demand for organic personal care products, the strong presence of MNC companies offering deodorant roll-ons with well-established distribution channels in developing countries are the factors due to which deodorant roll-ons market revenue is expected to grow at a rapid growth rate, over the forecast period.
Moreover, the increasing adoption of e-Commerce in North America and the Asia Pacific has led to a surge in the growth of B2C business in the consumer goods industry. Over the last few years, consumer buying behavior has radically changed, and they are now researching about products online and buying products such as personal care, fragrances, perfumes, and deodorants through various e-Commerce platforms.
This is the primary factor accelerating the growth of the deodorant roll-ons market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, gender, nature and sales channel.
The study is a source of reliable data on
- Deodorant Roll-Ons Market segments and sub-segments
- Deodorant Roll-Ons Market trends and dynamics
- Supply and demand
- Deodorant Roll-Ons Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study.
By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Key Segmentation
On the basis of gender
- Male
- Female
On the basis of nature
- Conventional
- Natural
On the basis of sales channel
- Store-based Retailing
- Hypermarkets/Supermarkets
- Discount Stores
- Convenience Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailer
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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