The Asia-Pacific Oral Care Market research report aims to provide an unbiased and a comprehensive outlook of the Asia-Pacific market to the readers. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the Oral Care Market so far. It also notes the key trends in the market that are likely to be lucrative.
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The Asia-pacific Oral Care market is expected to reach USD 21.36 billion by 2023, witnessing a healthy CAGR during the forecast period. Asia-Pacific holds the dominant share in the global oral care market. About 6.1 billion units of Oral Care consumed in 2017, which is growing at a steady CAGR. Increased oral care routines have primarily driven the market. Growing oral health problems among children owing to poor dieting habits is another major factor fueled the oral care market growth.
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June 2018 – Xiaomi launched a new electronic toothbrush Dr. Bei Sonic in China which uses Sonic technology. It was the first electronic toothbrush launched by the company which is priced at USD 14.44.
Rising Consumer Tooth Sophistication
Increased consumer demand for special oral care products meeting targeted solution among Asians has fueled the market demand. Rising disposable income and growing concern for dental care has triggered the demand for expensive oral care products. Toothpaste remains the leading segment in the oral care market which is mainly driven by the essential need for dental cleaning. Cosmetic toothpaste which occupies a significant share of the market is witnessing the fastest CAGR of 7.9% during the forecast period. Consumers are now demanding more sensitive oral care products which offer potential benefits to teeth and gum.
Supermarkets Recorded the Fastest Growth
Supermarkets/hypermarkets account for leading share in the oral care market which is witnessing a steady CAGR of 5.5% during 2012-2017. Online retail and pharmacies stores are one of the key distribution channel posing tough competition to supermarkets. Increased internet user penetration in countries such as China, Indonesia, and India is the key factor driven the online sale of oral care products. Online retail of oral care products recorded a growth of 24.8% during 2012-2017. Variety stores is another significant sales channel Asia-pacific which recorded an increase of 47% in its value sales during 2012-2017. Wide variety selection and nearest store location have fueled the demand for oral care sale through various stores and pharmacies.
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Influence of the Oral Care market report:
- Comprehensive assessment of all opportunities and risk in the Oral Care market.
- Oral Care market recent innovations and major events.
- Detailed study of business strategies for growth of the Oral Care market-leading players.
- Conclusive study about the growth plot of Oral Care market for forthcoming years.
- In-depth understanding of Oral Care market-particular drivers, constraints and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Oral Care market.
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