Bharat Book Bureau Provides the Trending Market Research Report on “India Oral Care Market Outlook, 2027”under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
India Oral Care Market has shown tremendous growth in the last few years. The market was mainly driven by change in lifestyle of Indian consumers, demand for premium products, rising disposable incomes and awareness regarding hygiene and sanitation. Rise in awareness of oral hygiene has created a huge demand for premium and innovative products in metros and urban cities. Penetration level of oral care products in urban area is high as compare to that of rural area. Low penetration level in rural area poses latent opportunity for global as well as domestic players to grow the presence of their oral care products in India. As a result, players are now focusing more into rural cities and villages to increase the penetration as well as their product sales. Rural Indian consumers have started shifting to toothpaste & toothbrushes from toothpowder. Premium products like mouthwash have gained popularity among rich and upper middle class consumers. Although the market is growing at a fast pace, per capita consumption of oral care products in India is very low as compared to countries like U.S, China etc.
According to title "India Oral Care Market Outlook, 2027" published by Our Company the overall market is expected to grow with more than 10.5% by end of the forecasted period of 2027. The oral care market is categorized into five major categories viz. toothpaste, toothbrush, toothpowder, mouthwash and others. Toothpaste dominates the space with more than 60% of the market share as it is a primary product for Indians in their daily oral hygiene care and has huge presence in urban as well as rural India. Toothpaste market is further segmented into two product types' - regular whites and gel. With regards to the benefits, toothpaste is also segmented into Standard/ General, Herbal/ Naturals, Sensitivity and Beauty & Whitening. Among all, demand for herbal toothpaste is increasing in the country and currently is a hot favourite trend among consumers as well as companies, who are trying to launch as many herbal variants as possible. Toothbrushes are the second largest category in the oral care market. They have two product types, one is manual and the other is electric & battery powered. Manual toothbrushes have huge potential in Indian oral care market whereas electric toothbrush is a niche product type with limited number of rich people experimenting with it. However, growing technological advancements across the country is propelling the demands for electric toothbrush and is anticipated to grow with the highest CAGR, which is more than 24%.
Toothpowder category is at a declining stage due to changing consumer taste and preferences. Before some years, toothpowder had huge presence in rural India but now even they are shifting towards toothpaste. However, Zoic Cosmetics has introduced its new product ‘Charcoal toothpowder in India, which is gaining lot of traction nowadays. On the other hand, mouthwash falls under premium category and comes as a secondary product for oral hygiene. Consumers are bending towards mouthwash products for better oral hygiene. Others products like tongue cleaners and dental floss are expanding gradually in the Indian market.
Many global players like Colgate Palmolive India, Hindustan Unilever, Gillette India Limited (P&G), GSK Consumer Healthcare and Johnson & Johnson have strong presence in India. Dabur India and Patanjali Ayurved are the only two strong domestic players in the market. On the other hand, while Colgate remains the leader in the toothpaste market of India, the brand has been hard hit by the actions of its rivals, notably, Patanjali, a brand that has scaled dizzying heights in a remarkably short span of time and has drawn consumers as well as investor attention. Patanjali has grabbed a considerable market share in the matter of a year in toothpastes putting pressure on market leader Colgate. Secondly, the shift towards herbal products in oral care is a clear trend, which has caught Colgate off-guard.
Patanjali posted Rs 5000 crore revenue in 2015-16, out of which Rs 450 crore came from Dant Kanti alone. As per the latest figures available, Dant Kanti has generated revenues of Rs. 940 crore in FY 2016-17. With Rs. 10,000 crore revenue in financial year 2016-17 Ramdev’s Patanjali group has become the third largest FMCG player in India which has conveniently surpassed other major competitive firms like Nestlé India, Godrej Consumer and Dabur India. The company's toothpaste brand Dant Kanti has squeezed the oral care industry, dominated by big players like Colgate-Palmolive (India), Hindustan Unilever (HUL) and Dabur India. Dant Kanti has emerged as the fastest growing brand, although on a small base, gaining considerable market share in the last two years.
Key Category
• Toothpaste• Toothbrush• Toothpowder• Mouthwash• Others (Tongue cleaners & Dental Floss)
Browse our full report with Table of Content : https://www.bharatbook.com/report/1346373/india-oral-care-market-outlook
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 15,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
No comments:
Post a Comment