The increased demand for deodorant and antiperspirant products among younger customers is driving the global deodorant and antiperspirant ingredients market. New and innovative ingredients, lower deodorant product costs when compared to other substitutes, improved performance of deodorant and antiperspirant products due to the use of high-quality ingredients, new technologies, and appealing packaging are some of the major factors causing a shift in preference among younger consumers to purchase deodorants and antiperspirants. When compared to other product kinds, aerosol deodorants and antiperspirants contribute the most in terms of demand and market share to the worldwide deodorant and antiperspirant industry. In terms of components, alcohol accounted for the biggest market share in the worldwide deodorant and antiperspirant ingredients market, which is expected to grow significantly during the forecast period. However, growing consumer worries about potential health risks caused by some compounds used in deodorant and antiperspirant products, as well as developing environmental concerns, may provide a threat to the worldwide deodorant and antiperspirant ingredients market's growth.
The global deodorant market is segmented into deodorant type, antiperspirant type, deodorant and antiperspirant ingredients, and by geography.
The market is divided into deodorant product types such as aerosol deodorants, roll on deodorants, creams & wipes deodorants, sticks & solids deodorants, and others. Among these sectors, the aerosol deodorant segment is estimated to account for 75.3 percent of total market revenue by 2021. Furthermore, it is predicted to dominate the worldwide deodorant market for the duration of the forecast.
The global deodorant market is divided into chemicals such as alcohol, aluminium, antimicrobials, base/carrier substances, conditioner & moisturiser, perfumes, parabens & propellants, and others. Among the aforementioned segments, the alcohol ingredient segment is predicted to dominate the global market with a volume share of more than 35% throughout the forecast period. The rising demand for deodorant and antiperspirant products with long-lasting aroma and powerful antibacterial characteristics is likely to drive ingredient demand even higher.
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