Global antiperspirant and deodorant market at a CAGR of around 4.12% between 2018 and 2024. The major factor likely to drive the global antiperspirant and deodorant market growth in the upcoming years is the growing demand for antiperspirants and deodorants, particularly by the youth population.

Sarasota, FL -- (SBWire) -- 04/12/2019 --According to the report, the global antiperspirant and deodorant market was valued at around USD 69,843 million in 2017 and is expected to reach approximately USD 92,707 million by 2024, at a CAGR of around 4.12% between 2018 and 2024.

Deodorants and antiperspirants are typically similar products but vary in their purpose and use. Antiperspirants regulate body odor and sweating in two steps. Initially, they stop sweat to get into the skin and then eradicate the microorganisms that cause body odor, as it comprises antimicrobial mediator as its key component. Deodorants are alcohol-based sprays that help in fighting body odor and use hops as antimicrobials. Antiperspirants are a subgroup of deodorants. Antiperspirants and deodorants both comprise elements that can regulate sweat and body fragrance carefully.

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The major factor likely to drive the global antiperspirant and deodorant market growth in the upcoming years is the growing demand for antiperspirants and deodorants, particularly by the youth population. The rapidly growing demand for deodorants and antiperspirants by women is anticipated to further boost the global antiperspirant and deodorant market in the future. Furthermore, it has been witnessed that deodorants are among the topmost product for everyday grooming by women buyers. Superior quality elements, eye-catching designs, and wrapping are some supplementary factors that are projected to further fuel the global antiperspirant and deodorant market over the forecast timeframe.

The global antiperspirant and deodorant market are segmented based on function and ingredient. Based on function, the antiperspirant and deodorant market is categorized into aerosol spray, cream, roll-on, and gel. Aerosol sprays are expected to dominate this global market due to their ease of use. On the basis of the ingredient, the global deodorant and antiperspirant market includes alcohol, antimicrobials, conditioner and moisturizer, fragrances, paraben and propellants, and others. The alcohol segment is anticipated to gain a significant value share over the forecast time period, owing to the growing need and demand for deodorants and antiperspirants that have a pleasant fragrance, are long-lasting, and have active antibacterial properties.

By geography, the global antiperspirant and deodorant market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to be the leading region in the deodorant and antiperspirant market in the forecast timeframe, followed by Europe and the Asia Pacific. The U.S. is a major purchaser of deodorants and antiperspirants. The Asia Pacific region is anticipated to register noteworthy growth in the upcoming years, owing to the rising domestic demand from developing countries, such as China and India.

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Some key players of the global antiperspirant and deodorant market, such as Unilever, Cavinkare, Adidas, Nike, Procter & Gamble, Godrej, and Garnier, among others.

This report segments the global antiperspirant and deodorant market into:

Global Antiperspirant and Deodorant Market: Function Analysis

Aerosol Spray
Cream
Roll-On
Gel

Global Antiperspirant and Deodorant Market: Ingredient Analysis

Alcohol
Antimicrobials
Conditioner and Moisturizer
Fragrances
Paraben and Propellants
Others

Global Antiperspirant and Deodorant Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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