Deodorantand Antiperspirant Ingredients: Introduction
· Deodorant and antiperspirant ingredients control sweating andbody odor. They consist of fragrance carriers and anti-microbial agents. Theseingredients provide increased shelf life, moisture, and many more benefits toproducts. They are widely used to prevent bacterial breakdown and control bodysweat. Manufacturers are focusing on introducing innovative products to capturea larger share of the market. Demand for deodorant and antiperspirantingredients is increasing, as consumption of personal care products anddisposable of the people are rising.
Key Drivers and Restraints of Global Deodorant andAntiperspirant Ingredients Market
· The globaldeodorant and antiperspirant ingredients market is largely driven bythe rise in demand for deodorant and antiperspirant products among the youth.The new and innovative ingredients, and lower cost of these products comparedto other substitutes are factors boosting the global deodorant andantiperspirant ingredients market. Consumers are increasingly using deodorantsand antiperspirants due to the usage of high-quality ingredients, newtechnologies, and attractive packaging.
· Increase in concerns among consumers regarding the possiblehealth issues due to some ingredients used in deodorant and antiperspirantproducts could lower the demand for these products. Growth in environmentalconcerns could also pose a challenge for the global deodorant andantiperspirant ingredients market.
Deodorant and Antiperspirant Ingredients: Type Segment
· In terms of type, the global deodorant and antiperspirantingredients market can be segmented into alcohol, fragrance, anti-microbial,aluminum salt, and others
· The alcohol segment is expected to account for significant shareof the global deodorant and antiperspirant ingredients market during theforecast period. It is anticipated to be followed by the fragrance segment.
· The anti-microbial segment is likely to expand at a rapid paceduring the forecast period, due to the expansion of the personal care productsindustry around the globe
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Deodorant and Antiperspirant Ingredients: Product Segment
· In terms of product, the global deodorant and antiperspirantingredients market can be divided into aerosol spray, roll-on, stick/gels, andothers
· The aerosol spray segment is estimated to expand at a rapid paceduring the forecast period. It is projected to be followed by the roll-onsegment.
· The stick/gels segment is likely to expand at a healthy CAGRduring the forecast period, owing to the increase in usage of convenientproducts
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COVID-19 Impact on Deodorant and Antiperspirant IngredientsMarket
· On January 30, 2020, the International Health RegulationsEmergency Committee of the World Health Organization (WHO) declared theCoronavirus disease (COVID-19) outbreak a public health emergency ofinternational concern. Originating in China, the virus has spread to at least213 countries and territories around the world.
· Several governments and private sector businesses are operatingat a limited capacity or have ceased operations completely due to recent eventssurrounding the COVID-19 pandemic
· Manufacture of various consumer goods and other products acrossthe globe has come to a halt due to the unavailability of raw materials,shortage of labor, etc. This is expected to hamper the deodorant andantiperspirant ingredients market.
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Europe to Dominate Deodorant and Antiperspirant IngredientsMarket
· In terms of region, the global deodorant and antiperspirantingredients market can be divided into North America, Europe, Asia Pacific,Latin America, and Middle East & Africa
· Europe dominated the deodorant and antiperspirant ingredientsmarket in 2020. This trend is anticipated to continue during the forecastperiod owing to the higher consumption of fragrance products in the region. Thedeodorant and antiperspirant ingredients market in Asia Pacific is anticipatedto expand at a rapid pace owing to the increase in demand for deodorant andantiperspirant ingredients among the young population in emerging countries suchas India.
Key Manufacturers Operating in Global Deodorant andAntiperspirant Ingredients Market
The globaldeodorant and antiperspirant ingredients market was consolidated in 2020. Majorplayers have prominent presence in developed and developing countries. Keymanufacturers operating in the global deodorant and antiperspirant ingredientsmarket include:
· Unilever Company
· Shiseido
· AkzoNobel
· Avon
· BASF
· Firmenich
· Givaudan
· IFF
· L’Oreal
· Procter & Gamble
· Revlon
· Wacker Chemie
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