The oral care market size was valued at USD 35.2 Billion in 2022 and is expected to reach USD 63.7 Billion by 2023 at a CAGR of 6.2%.
The growing rate of population with dental problems and the increasing trend of cosmetic dentistry such as teeth cleaning, and restorative dentistry treatments like dental fillings, crowns, and bridges are contributing to the market growth.
The growth of the oral care market is driven by several key factors:
- Increasing Awareness: There has been a growing awareness among consumers about the importance of oral health and hygiene.
- Rising Disposable Income: As disposable incomes rise in many regions, consumers are willing to spend more on personal care products, including oral care.
- Aging Population: The global population is aging, leading to an increased focus on oral health among older adults.
- Health and Wellness Trends: The growing trend towards health and wellness has influenced consumer preferences in oral care.
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Market Segmentation:
By Oral care (2023-2032)
- Toothbrush
- Toothpaste
- Mouthwash
- Denture Products
- Dental Accessories
By Composition (2023-2032)
- Natural oral care
- Synthetic oral care
By Distribution Channel (2023-2032)
- Supermarket/ Hypermarket
- Convenience Store
- Pharmacy
- Online Shopping
Regional Overview:
The Asia Pacific region holds the largest market share, driven by factors such as its vast population, accessible and economical services, and an increasing emphasis on oral hygiene awareness. Notably, countries like South Korea and Japan showcase exemplary oral care practices, with 61.2% of their adult population acknowledging the quality of their oral care services and practices. Japan and India similarly offer cost-effective dental services, while China is actively enhancing its oral care infrastructure to provide more affordable options to its populace.
Recent developments in the oral care market include:
- Natural and Organic Products: There's a growing demand for natural and organic oral care products, driven by consumer preferences for safer and environmentally friendly options.
- Smart Oral Care Devices: The market has seen an increase in smart oral care devices such as electric toothbrushes with built-in sensors and connectivity features
- Sustainable Packaging: With growing environmental concerns, there's a shift towards sustainable packaging in the oral care industry.
- Online Retail and Subscription Services: The rise of e-commerce has transformed the distribution channels for oral care products.
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