Toothcare Market Projections & Future Opportunities Recorded for the Period until 2026
the global toothcare market is poised to expand at a CAGR of 2.1%. The report further estimates that the global toothcare market will reach a valuation of US$ 30 Bn by the end of 2026.
[UKPRwire, Mon Jul 15 2019] An exclusive forecast study published by Fact.MR projects that the global toothcare market will expand at a sluggish pace during the forecast period, 2017-2026. In terms of volume, the global toothcare market is poised to expand at a CAGR of 2.1%. The report further estimates that the global toothcare market will reach a valuation of US$ 30 Bn by the end of 2026.
Treating common dental problems such as toothaches and tooth decays by visiting the dentist is become less feasible. Paying the bills and getting prescribed with several pills adds to the inconvenience of people suffering from the unbearable pain of toothaches. This trend is widely exercised across the globe, and has created a vast consumer base for toothcare products. Floss picks and mouthwashes are being sold through retail stores as purchasing such toothcare products doesn’t entail dentist prescriptions. Companies involved in the production of toothcare products are focusing on creating new formulations for consumables. Several leading toothcare product manufacturers are extending their product line by renovating the designs of their products to increase applicability. In addition, increasing incidence of rare dental problems is also influencing companies to invest in development of new toothcare products.
Key insights from the report reveal that toothpastes are top-selling products in the global toothcare market. By 2026-end, toothpastes will represent more than half of global toothcare market volumes. The report also registers a growing demand for mouthwashes. In terms of region, North America is expected to register impressive growth in sales of toothcare products, while the APEJ region will register largest toothcare market through 2026.
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In 2018 and beyond, modern trade outlets will continue to represent the largest sales channel for toothcare products. By the end of 2026, nearly 2,000,000 tons of toothcare products will be sold through modern trade channels across the globe. The report also reveals that online retailers will register a high volume CAGR of 4.2% over the forecast period. In terms of nature of the toothcare products, natural and organic products will gain highest traction, while the demand for conventional toothcare products will dwindle in the foreseeable future.
Following key predictions from Fact.MR’s forecast study on the global toothcare market create a presumptive roadmap on how the demand for toothcare products will gain traction in the near future.
In terms of volume, nearly 3,000,000 tons of toothpastes were sold in global toothcare market by the end of 2017
Demand for mouthwashes is also pegged to gain moderate traction and register a volume CAGR of 2.1% over the forecast period
By the end of 2026, nearly US$ 9.5 Bn worth of toothcare products will be sold across modern trade channels
In terms of revenues, online retailers will be observed as the fastest-growing sales channel in the global toothcare market through 2026
Conventional toothcare products will account for more than 60% of overall global market volumes over the forecast period
Natural and organic toothcare products, on the other hand, are expected to register highest volume CAGR of 3.8% over the forecast period
In 2017, North America’s toothcare market recorded sales of over 1,000,000 tons of products
The report further reveals that the Asia-Pacific excluding Japan (APEJ) region will be the largest toothcare market through 2026
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