WASHINGTON, June 14, 2022 (GLOBE NEWSWIRE) — The Global Oral Care Market is witnessing significant growth driven by several critical factors. The rising prevalence of dental diseases, an increasing number of qualified dentists, and remarkable technological advancements leading to innovative product development are pivotal elements fueling this expansion. However, concerns regarding the adverse effects associated with teeth whitening products pose potential challenges and could hinder the growth trajectory of the Oral Care Market in the foreseeable future.
The projected revenue for the Global Oral Care Market is anticipated to reach an impressive USD 44.5 Billion by the year 2028, reflecting the continuous demand for oral hygiene products.
In 2021, the Global Market revenue was valued at approximately USD 32.1 Billion. The market is expected to demonstrate a robust Compound Annual Growth Rate (CAGR) of 5.6% throughout the forecast period. This insight comes from Vantage Market Research in their comprehensive report titled “Oral Care Market Size, Share & Trends Analysis Report by Product (Toothbrush, Toothpaste, Mouthwash/rinse, Denture Products), by Product Type (Countertop, Cordless), by Application (Home, Dentistry), by Region (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).”
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Understanding the Market Dynamics:
Drivers of Market Growth:
Wide Accessibility of Diverse Oral Care Products
Maintaining oral health, including the well-being of gums, teeth, and tongue, necessitates effective dental care. Common oral issues like bad breath, dry mouth, cold sores, and thrush can be effectively managed with appropriate diagnostic tools and oral care products. Recently, a plethora of toothpaste options featuring various fluoride concentrations and unique ingredients, such as herbs and honey, has become widely available, helping combat tooth decay and reducing the need for dental treatments. Additionally, mouthwash serves not only to refresh the mouth but also to treat gum disease. This growing variety has significantly transformed the global sales landscape for oral care products.
Moreover, traditional distribution channels like retailers and pharmacies are gradually being overshadowed by the rise of online retailers. The convenience of purchasing oral care products through online platforms, often at lower prices and with added benefits like free shipping, has significantly reshaped consumer behavior. As a result, major players in the oral care market are increasing their investments in online sales channels. Thus, the easy accessibility of an extensive range of oral care products is a primary driver of the market’s growth.
Rising Rates of Periodontal Diseases
Tooth decay, also known as caries, and periodontal disease, commonly referred to as gum disease, rank among the most prevalent health issues globally. According to a study by the Centres for Disease Control and Prevention (CDC) conducted in 2018, the percentage of untreated dental issues was reported as 13.2% for children aged 5 to 14 years and 25.9% for individuals aged 20 to 44 years between 2015 and 2018. The financial burden of treating dental caries is significant, representing approximately 5-10% of the total healthcare expenditures in developed nations. The FDI World Dental Federation indicates that young populations are particularly susceptible to dental caries, with prevalence rates soaring to between 60% and 80% among 6 to 19-year-olds in developed regions like North America and Europe. Consequently, the increasing prevalence of periodontal disease is expected to propel the growth of the Oral Care Market in the coming years.
Key Insights & Findings from the Comprehensive Report:
- Our research indicates that the Oral Care market is projected to flourish at a CAGR of approximately 5.6% during the forecast period.
- The Oral Care market was valued at around USD 32.1 Billion in 2021 and is expected to surge to USD 44.5 Billion by 2028, based on our primary research findings.
- Regionally, Asia Pacific is anticipated to lead the global Oral Care market.
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Detailed Segmentation of the Global Oral Care Market:
- Product
- Toothbrush
- Toothpaste
- Mouthwash/Rinse
- Denture Products
- Dental Accessories
- Product Type
- Application
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Read the Full Research Report @ https://www.vantagemarketresearch.com/industry-report/oral-care-market-1650
Analyzing the Impact of COVID-19 on the Oral Care Market:
The COVID-19 pandemic has significantly influenced various industries globally. Governments implemented stringent lockdown measures and social distancing protocols to curb the rapid spread of the virus. Consequently, manufacturing facilities faced shutdowns during the pandemic’s initial phases. The economic repercussions following the pandemic could lead to considerable delays in the commercial rollout across several sectors, including electronics. Small to medium enterprises, which form the backbone of technology providers, have experienced a sharp decline in revenue since the onset of the pandemic in 2020. As a result, market players encountered numerous challenges, including disruptions in the supply chain. However, the situation is expected to improve in the latter half of 2022 as supply channels begin to normalize. The influence of COVID-19 on market demand has been factored into the current and projected market size and growth trends for various regions and countries, based on the following data points:
- Assessment of the COVID-19 Pandemic’s Impact
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Revenue Forecast for Asia Pacific 2020 & 2021
- Key Strategies Employed by Companies to Address COVID-19 Challenges
- Long-Term Market Dynamics
- Short-Term Market Dynamics
Key Highlights from the Oral Care Market Report:
- Comprehensive Market Assessment
- Exclusive Insights
- Competitive Market Landscape
- Impact Analysis of COVID-19
- Historical Data, Estimates, and Forecasts
- Profiles of Key Companies
- Global and Regional Market Dynamics
<u>In-Depth Regional Analysis of the Oral Care Market:</u>
Asia Pacific Leading the Market Share
The Asia Pacific region is poised to dominate the growth of the Oral Care Market as of 2021. This regional leadership is attributed to the significant elderly population in countries like India, Japan, and China, which correlates with an increased demand for oral care products. The surge in consumer preference for toothpaste in this region is expected to significantly contribute to market expansion. The growing incidence of oral diseases further amplifies the demand for oral hygiene products.
For comprehensive market data, including tables and figures spanning 142 pages and a detailed Table of Contents on “Oral Care Market Size, Share & Trends Analysis Report by Product (Toothbrush, Toothpaste, Mouthwash/rinse, Denture Products), by Product Type (Countertop, Cordless), by Application (Home, Dentistry), by Region (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)“, click here to view the full research report – https://www.vantagemarketresearch.com/press-release/oral-care-market-067480
List of Key Players in the Oral Care Market:
- Procter & Gamble Company
- Johnson & Johnson Services Inc.
- Colgate-Palmolive Company
- GlaxoSmithKline PLC
- Church & Dwight Co. Inc.
- Dr. Fresh LLC
- Dentaid
- Lion Corporation
- Sunstar Suisse S.A.
Recent Innovations in the Oral Care Industry:
September 2021: GlaxoSmithKline plc (UK) launched the Drs. BEST GreenClean toothbrush, touted as the first carbon-neutral toothbrush made from renewable cellulose.
March 2021: Colgate-Palmolive and Philips established a long-term partnership aimed at enhancing the accessibility of electric toothbrushes in Latin America, leveraging Philips Colgate’s portfolio that includes various electric toothbrushes at competitive price points.
April 2020: Hindustan Unilever Limited (HUL) collaborated with GlaxoSmithKline Consumer Healthcare Limited (India), with HUL taking charge of distributing GSK’s consumer healthcare products in India, including its flagship oral care product, Sensodyne.
Key Questions Addressed in the Report:
- Which region is projected to experience the highest and fastest growth?
- Who are the top five competitors in the Oral Care Market?
- What changes can we anticipate in the Oral Care Market over the next six years?
- Which applications and products are expected to capture the largest share of the Oral Care Market?
- What are the primary drivers and restraints affecting the Oral Care market?
- What will be the expected CAGR and market size for the Oral Care Market throughout the forecast period?
This report titled “Oral Care Market” will encompass exclusive insights regarding Regional Analysis, Forecasts, and Quantitative Data – including Units, Key Market Trends, and other essential information as detailed below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Product
° Toothbrush ° Toothpaste ° Mouthwash/Rinse ° Denture Products ° Dental Accessories • Product Type ° Countertop ° Cordless • Application ° Home ° Dentistry • Region ° North America ° Europe ° Asia Pacific ° Latin America ° Middle East & Africa |
