Sales of feminine hygiene products will reach US$39 billion
Feminine Hygiene Products Market 2022
The global feminine hygiene products market is expected to perform strongly over the next 10 years. It is expected to reach US$39 billion by 2031. The CAGR would be 6.1%. With mixed reality in the foray, virtual objects could be integrated into the real ambience, thus rendering simultaneous manipulation of digital twins. In other words, digital twinning is expected to be the future of the healthcare vertical over the forecast period.
The feminine hygiene products market stood at a net worth of US$21.5 billion in 2020 and is expected to reach a market valuation of US$39 billion by the end of the decade, as analysts from Persistence Market Research predicted that the market will rise. at a healthy CAGR of 6.1% through 2031.
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Feminine hygiene has gained tremendous importance over the past few decades and this importance is only expected to increase as hygiene awareness increases across the world. The increase in disposables per capita in various parts of the world and the emergence of low-cost hygiene products are two major factors driving the sales of feminine hygiene products.
However, low awareness of feminine hygiene in underdeveloped economies is expected to prevent the market from growing to its full potential. Allergies and infections associated with certain materials used in these products are also expected to harm the overall market growth.
Major industry players are investing to reach untapped markets, focusing on feminine hygiene awareness, and adopting organic and inorganic growth strategies to increase sales across all regions.
Recently, Viveca Biomed announced its intention to expand internationally and export its innovative feminine hygiene products worth 2 to 3 million euros. The company also said it will double its workforce by the end of this year as production ramps up as its Ashington plant expands.
Feminine hygiene skincare brand Moons, in August 2021, announced the launch of its new liner system, which would change the way menstrual women experience their monthly cycles. The product is designed to protect against leakage during menstruation, which is a common problem among women, and is intended to provide 100% leak-proof reliability.
Methodology [email protected] https://www.persistencemarketresearch.com/methodology/3226
Lil-lets UK Limited
Edgewell Personal Care
Johnson & Johnson
Svenska Cellulosa Aktiebolaget SCA
Procter and Gamble
Diva International Inc.
Kimberly Clark Corporation
Key insights from market research
Over the next ten years, the feminine hygiene products market is expected to grow at a CAGR of 6.1%.
The Chinese market is expected to grow at the fastest rate over the decade.
Sanitary napkins and are expected to dominate the market in terms of market share.
Feminine hygiene product sales forecast for 2031 is expected to be around US$39 billion.
In terms of value, the retail pharmacy segment is expected to lead the market over the forecast period.
The demand for feminine hygiene products is expected to be driven by growing awareness of feminine hygiene, rising per capita disposable income, rising standard of living, etc.
“Demand for feminine hygiene products in emerging and developing economies is expected to surge as disposable income increases and lifestyles change,” says an analyst at Persistence Market Research.
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Feminine Hygiene Products Market – Report Highlights
A detailed overview of the parent market of the Feminine Hygiene Products market
Changing Market Dynamics for Feminine Hygiene Products in Industry
In-depth segmentation of the feminine hygiene products market
Historical, current, and projected size of the Feminine Hygiene Products market by volume and value
Recent industry trends and developments in the feminine hygiene products market
Feminine Hygiene Products Market Competitive Landscape
Strategies for key players and products offered
Potential and niche segments, promising growth geographies
A neutral perspective on the performance of the feminine hygiene products market
Must-have information for Feminine Hygiene Products market players to maintain and improve their market footprints
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