Global Personal Hygiene Market: Overview
The global personal hygiene market is gaining significant traction in the wake of rising concerns over health, grooming, and beauty. The well-being of the population is imperative for the development of a country. Therefore, governments and large organizations worldwide are taking initiatives that promote awareness regarding the importance of maintaining personal hygiene. These initiatives are working in favor of the growth of the market. Some of the commonly available personal hygiene products are deodorants and antiperspirants, bath and shower products, and soaps.
This research report provides a detailed analysis of the various parameters of the global personal hygiene market. It presents a comprehensive overview of the factors, including drivers, restraints, and opportunities impacting the growth of the market. It offers insights into the statistics pertaining to the market at both regional and global levels. It takes into account the historic and current scenario to estimate future trends of the market. It extensively covers Porter’s five force analysis and market attractiveness analysis that are useful in deriving the competitive landscape of the market. It also profiles key players in the global personal hygiene market along with their business strategies, revenue generation, market shares, latest development, and contact information.
Global Personal Hygiene Market: Drivers and Opportunities
The rising consumer disposable income coupled with the increasing willingness to spend on personal care is one of the vital factors driving the global personal hygiene market. The enhancing health and quality of daily lives of consumers are triggering the sales of personal hygiene products. Moreover, the increasing competitiveness of companies for product innovation is fueling the market. Furthermore, the growing trend of premiumisation in emerging economies is likely to augur well for the growth of the market. Consumers are increasingly inclining towards buying the best available products, which is boosting the overall revenue generation of the market.
Global Personal Hygiene Market: Geographical Segmentation
On the basis of geography, the global personal hygiene market can be fragmented into North America, Europe, Asia Pacific, and Rest of the World. North America and Europe are expected to account for a large combined share in the market throughout the forecast period. The domicile of a large number of key players is providing a significant boost to the growth of these regions. Moreover, the high acceptance of modern and advanced persona hygiene products coupled with the high consumer spending power is augmenting the growth of these regions.
Emerging economies such as Brazil, India, and China are anticipated to be major contributors to the growth of Asia Pacific and Rest of the World. The rapidly growing population and rising disposable income are providing a fillip to these regions. Furthermore, the improving literacy rates along with rising awareness about the importance of maintaining personal hygiene are stimulating the growth of the regions.
Global Personal Hygiene Market: Competitive Landscape
The global personal hygiene market is a highly concentrated arena. The strong foothold of large and international players is limiting the entry of new players in the market. Prominent players aim to differentiate their offerings from their peers by continuous product innovation and research and development. This, in turn, is intensifying the competition in the market. Some of the prominent players in the market are Unilever, Johnson & Johnson, Carrefour, Reckitt Benckiser Group, Auchan, Safeway, Publix, Godrej Industries Ltd., Costco, Helen of Troy Ltd., Proctor & Gamble Company, Kroger, and Colgate-Palmolive Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.