A new report, Global Oral care Industry provides an overview of recent factors enabling growth in the global Oral care market. According to the report, recent innovations have created several growth opportunities for prevailing companies as well as newer market entrants. Global Oral care Market Research Reports provides information regarding market trends, competitive landscape, market analysis, cost structure, capacity, revenue, gross profit, business distribution and forecast 2023.
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oral care market is forecasted to reach USD 9.4 billion by 2024 growing at a CAGR of 8.47% during the forecast period (2019 – 2024)
– Toothpaste remains the largest shareholder in the South America oral care market, owing to the number of variants available and the growing preferences for natural, organic, vegan, and herbal toothpaste.
– In the region, Brazil leads the market attributed high-level hygiene practices followed by Brazilians. It was found that 66% of the Brazilian population brush their teeth three times a day, whereas the global average is just 9%. Moreover, the volume of toothpaste used by the Brazilian people is five times higher than the number of brushes in the country.
Scope of the Report
South America oral care market offers a range of products including breath fresheners, dental floss, denture care, mouthwashes and rinses, toothbrushes and replacements, toothpaste through supermarkets/hypermarkets, convenience stores, pharmacies, and drug stores, online retail stores, other distribution channels. The study also covers the market analysis of major countries such as Argentina and Brazil.
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Key Market Trends
Increased Demand for Sensitivity or Pain Relief
Consumers across South America are highly conscious with regards to their oral health. Key players of the sensitivity or pain relief Toothpaste and mouthwash market, such as GlaxoSmithKline Brasil Ltd, are focusing on bringing new products on the retail shelves, and are considering investing in offering innovative packaging options in the related market with interesting discounts, thus contributing toward the market growth. Moreover, •markets, such as Colombia, Nicaragua, Peru, Uruguay, Paraguay, and Costa Rica are showing significant growth, in terms of value in the rest of the Latin American market.
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Brazil Dominates the Regional Market
Many manufacturers are attracted to this prevalent market, and are strategically planning the business expansions and partnering with small manufacturers to increase market penetration, by strengthening product distribution in the country. In 2017, the American giant, Procter & Gamble, introduced three versions of the best-selling toothpaste in the United States, Crest, in the Brazilian market, by providing distribution rights to the country’s premium drugstore chain, Drogaria Iguatemi. Moreover, key players are heavily investing in R&D and are working to introduce technologically advanced oral care products, such as an electric toothbrush.
South America oral care market is highly consolidated and is driven by the presence of global companies such as Procter & Gamble, Colgate-Palmolive Company, and Unilever. Manufacturers are investing to launch technologically advanced oral care products in the region. For instance, in 2016, Oral-B brought Oral-B GENIUS, the world’s first electric toothbrush in the selected markets, including Brazil.
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– The market estimate (ME) sheet in Excel format
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Some Major Points from Table of Contents:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages result in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Industry Research is the credible source for gaining the market reports that will provide you with the lead your business needs.
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