Product Launches by Industry Leaders to Propel Market Expansion The growth of the retail industry, rising popularity of westernized culture of shopping, and rising income level of consumers are the factors aiding market augmentation in Latin America and Asia Pacific. will also attribute to market growth in this region. Furthermore, the rising number of startups and launch of innovative products by Unilever plc and Procter & Gamble Inc. Consumers are focusing a lot on their looks and body odor nowadays, which is boosting marketing expansion in the region. On the other hand, deodorants and fragrances are made of several synthetically manufactured ingredients that can cause allergic reactions such as dermatitis, rashes, and skin irritation, which will hamper market augmentation.Įurope to Lead Owing to Expansion of Grooming Sector and Growing Number of StartupsĮurope accounted for majority of the refillable deodorants market share in 2022 due to the growth of the grooming sector. For example, in July 2022, Fussy, a sustainable deodorant brand, introduced a new rosé-inspired scented deodorant infused with bitter orange, grapefruit, and strawberry. Moreover, leading players, such as Fussy, Humankind, Myro, and others, are investing funds in developing new products which will further propel the refillable deodorants market growth. This growing awareness has encouraged leading deodorant companies to use natural fragrances as a highlight to sell their products. The increasing awareness regarding organic products derived from natural ingredients has escalated consumer interest in plant derivatives, including essential oils in refillable deodorant industries. Rising Preference for Naturally-Derived Products to Drive Market Escalation Crucial insights into growth trends of each segment and region.Impact of COVID-19 on market valuation and growth.Key developments undertaken by leading companies to boost profits.Drivers, restraints, threats, and challenges affecting market trends.Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The availability of a wide variety of products under one roof along with personalized experience makes offline stores the ideal choice for consumers driving segment proliferation. The offline segment is further divided into supermarkets/hypermarkets, brand stores, and others. Offline Segment to Dominate Due to its Convenience and Availability of Wide VarietyĪccording to distribution channel, the market is arrayed into retail outlets/offline and e-commerce/online. Moreover, products in plastic cases are economical, durable, and cost effective, thus boosting plastic adoption and aiding segment expansion. Surging demand for eco-friendly packaging has encouraged leading players to use packaging made from disposable or recycled plastic as it is easy to produce in large quantities. Among these, the plastic segment accounted for the largest market share in 2022 stoked by the growing use of recycled or disposable plastic packaging. Plastic Segment to Hold Major Share Owing to its Durability and Cost EffectivenessĪs per packaging, the market is divided into metal, glass, plastic, and paper roll. ![]() Refillable stick deodorants are convenient to apply, which further aids segment growth. Among these, the refillable stick deodorants segment held the largest market share in 2022 due to the usage of natural ingredients and easy availability of the product. Refillable Stick Deodorants Segment to Lead Backed by Easy Availabilityīased on product type, the market is bifurcated into refillable spray deodorants and refillable stick deodorants. ![]() Rising Awareness Regarding Personal Grooming to Fuel the Demand for Refillable Deodorantsīrowse Detailed Summary of Research Report with TOC: Rising Apprehension toward Organic Fragrances to Drive the Market Growth Refillable Deodorants Market Growth Drivers ![]() Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends List of Key Players Profiled in the Refillable Deodorants Market Report: This information is provided by Fortune Business Insights, in its report titled, “ Refillable Deodorants Market, 2023-2030.” Companies are investing in research and development activities to create new fragrances from natural ingredients and enhance product packaging, which will further escalate market progression. The growing popularity of organic deodorants made of naturally-derived ingredients will propel market augmentation. Pune, India, (GLOBE NEWSWIRE) - The global refillable deodorants market size was valued at USD 177.33 million in 2022 and is projected to grow from USD 186.41 million in 2023 to USD 272.50 million by 2030, exhibiting a CAGR of 5.57% during the forecast period.
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