WASHINGTON, June 14, 2022 (GLOBE NEWSWIRE) — The Global Oral Care Market is experiencing significant growth, driven by the rising prevalence of dental diseases, a growing number of practicing dentists, and notable technological innovations leading to the development of new oral care products. Despite this positive trend, the potential adverse effects associated with some teeth whitening products pose a considerable concern, which may hinder the growth of the Oral Care Market in the years ahead.
The Global Oral Care Market revenue is projected to achieve a remarkable value of USD 44.5 Billion by the year 2028.
In 2021, the Global Oral Care Market revenue was valued at approximately USD 32.1 Billion. This market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 5.6% throughout the forecast period; according to Vantage Market Research’s 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 Market Dynamics for Strategic Decisions:
Key Drivers of Market Growth:
Accessibility to a Diverse Range of Oral Care Products
Maintaining optimal health for gums, teeth, and the tongue is essential, which underscores the necessity of effective dental or oral care. Common oral health issues, including bad breath, dry mouth, cold sores, decay, and thrush, can be effectively managed with the right diagnostic and oral care products. In recent years, toothpastes have become available in various fluoride concentrations and formulations, including herbal and honey-infused options, catering to diverse consumer preferences. The increased availability of mouthwash products further supports oral rejuvenation and gum disease treatment, resulting in a substantial increase in global sales of oral care products.
The landscape of oral care product distribution is shifting; traditional distributors, retailers, and pharmacies are increasingly being overshadowed by online retail channels. Thanks to the extensive selection of oral care products at competitive prices, coupled with the convenience of online shopping and options for free shipping, consumers are gravitating towards e-commerce platforms. This shift has prompted key market players to invest heavily in online marketing channels, driving significant growth in the oral care market as accessibility to diverse products becomes easier.
Rising Incidence of Periodontal Diseases Spurring Demand
Tooth decay or caries, alongside periodontal disease, remains a pervasive issue worldwide. A comprehensive study conducted by the Centers for Disease Control and Prevention (CDC) in 2018 revealed alarming statistics regarding untreated dental issues: an untreated percentage of 13.2% among children aged 5-14 years and 25.9% among adults aged 20-44 years. Treating dental caries can be financially burdensome, representing approximately 5-10% of overall healthcare costs in developed nations. Furthermore, according to the FDI World Dental Federation, the prevalence of dental caries is alarmingly high among younger demographics, with rates between 60% to 80% in developed regions like North America and Europe for those aged 6-19. Therefore, the rising incidence of periodontal diseases is a key factor propelling growth in the Oral Care Market in the coming years.
Key Insights & Findings from the Comprehensive Report:
- Our primary research indicates that the Oral Care market is poised for a growth rate of approximately 5.6% CAGR during the forecast period.
- The market was estimated to be valued at around USD 32.1 Billion in 2021, with expectations to reach USD 44.5 Billion by 2028, based on primary research findings.
- Geographically, the Asia Pacific region is anticipated to dominate the global Oral Care market.
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Comprehensive 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 Complete Research Report @ https://www.vantagemarketresearch.com/industry-report/oral-care-market-1650
Analyzing the COVID-19 Impact on the Oral Care Market:
The COVID-19 pandemic has profoundly impacted various industries globally. In response, governments implemented strict lockdown measures and social distancing interventions to mitigate the rapid spread of the virus. Consequently, manufacturing facilities faced shutdowns during the pandemic’s initial phase. The economic downturn that followed may lead to significant delays in the commercial roll-out of products in various sectors. Small and medium-sized enterprises, which are vital to technology provision, have experienced sharp revenue declines since the pandemic began in 2020. As a result, market participants encountered numerous challenges, including disruptions in the supply chain. However, improvements are expected in the latter half of 2022, as supply chains normalize. The repercussions of COVID-19 on market demand are taken into account when estimating the current and forecast market size and growth trends for all regions and countries, based on the following data points:
- Assessment of COVID-19 Pandemic Impact
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast for Asia Pacific 2020 & 2021
- Key Strategies Implemented by Companies to Address COVID-19 Challenges
- Long-Term Market Dynamics
- Short-Term Market Dynamics
Highlights from the Oral Care Market Report:
- Market assessment overview
- Premium insights and analysis
- Competitive landscape evaluation
- Impact analysis of COVID-19
- Historical data, estimates, and forecasts
- Detailed company profiles
- Global and regional market dynamics
In-Depth Regional Market Analysis:
Asia Pacific Emerges as the Leading Market Region
The Asia Pacific region is anticipated to take the lead in the growth of the Oral Care Market in 2021. This region’s dominance can be attributed to the significant aging population in countries such as India, Japan, and China, resulting in heightened consumption of oral care products. The growth in consumer demand for toothpaste and other oral care offerings is expected to propel market expansion. Furthermore, the rising prevalence of oral diseases is significantly driving the demand for these products.
Explore comprehensive market data tables and figures spread across 142 pages, along with an in-depth 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)” View the detailed Research Report here – https://www.vantagemarketresearch.com/press-release/oral-care-market-067480
Key Players in the Oral Care Market Landscape:
- 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.
Latest Innovations and Developments in Oral Care:
September 2021: GlaxoSmithKline plc (UK) launched the Drs. BEST GreenClean toothbrush, recognized as the first carbon-neutral toothbrush, featuring a handle made from renewable cellulose.
March 2021: Colgate-Palmolive and Philips formed a strategic partnership aimed at enhancing oral care through electric toothbrushes in Latin America, leveraging Philips Colgate’s specialized portfolio that includes various electric toothbrushes across different price ranges.
April 2020: Hindustan Unilever Limited (HUL) merged with GlaxoSmithKline Consumer Healthcare Limited (India), enabling HUL to manage the distribution of GSK’s consumer healthcare products in India, including its flagship oral care item, Sensodyne.
Essential Questions Addressed in the Report:
- Which regional market demonstrates the highest growth potential?
- Who are the top five players in the Oral Care Market?
- What changes can we expect in the Oral Care Market over the next six years?
- Which applications and products are anticipated to dominate the Oral Care Market?
- What are the main drivers and constraints affecting the Oral Care market?
- What will be the CAGR and overall size of the Oral Care Market throughout the forecast period?
This market report titled “Oral Care Market” will provide exclusive insights into Regional Analysis, Forecasting, and Quantitative Data – including Units, Key Market Trends, and additional information as outlined 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 |
| Region & Counties Covered | • North America
°
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