Europe deodorants market is forecasted to witness a CAGR of 4.45% during the forecast period (2020 - 2025).
- With increasingly hectic lifestyles, the whole Europeans are looking for convenient solutions that allow them to save time and make their life easier. This trend is favoring deodorant sprays and roll-ons, which are perceived as being easier to apply and more time saving compared to other deodorant types.
- Moreover, the popularity of the different deodorant formats varies from country to country in Europe. Deodorant sprays remain the most popular product format among European consumers. However, the category has lost popularity as consumers seek “cleaner” ingredient lists, such as being free from aluminum and alcohol. Sprays are, for instance, less popular in Scandinavian markets, where consumers tend to prefer roll-ons.
Key Market Trends
Inclination Towards Transparency And More Natural Ingredients in the Deodorants Market
Sales of deodorants with a natural positioning are expected to grow over the forecast period, in line with rising demand for natural beauty and personal care products in the European Market. More consumers believe that the frequent use of deodorants and antiperspirants containing aggressive chemicals, such as aluminum-based compounds and parabens, can be a risk to health. Consumers are also expected to appreciate formulations that are free from alcohol, fragrance, and parabens and containing natural ingredients such as aloe vera, cucumber, eucalyptus, and tea tree oil. Consumers will also welcome added properties such as skin moisturizing, stain-free properties, and antibacterial properties.
Therefore brands such as Dove have 0% Aluminium Original Roll-on Deodorant in their product portfolio, along with it contains ¼ moisturizing cream and 0% alcohol. Therefore these types of products are expected to increase their prominence in the market during the forecast period.
Increasing Expenditure on Advertisement, Promotion and Innovations
R&D and advertisement are driving the growth of the market studied. Key players are investing in these factors, in order to influence consumer purchase decisions. ?The rising influence of social media and celebrity endorsement is impacting the advertisement strategies adopted by key market players. Key market players are heavily investing in advertisement and promotion, in order to attract consumers on the digital platform.
For instance, Infasil by Aziende Chimiche Riunite Angelini Francesco followed this strategy and invested in new advertising on Italian TV promoting its Infasil 2C deodorant line, containing the 2c molecule, which activates with sweat and releases a fresh fragrance.
In terms of innovation and capturing the new demands of consumers, the companies are too embarking on this opportunity and strategy to increase their market share in the European Deodorants market. For instance, TexPro had launched a whole range of 100% organic, unscented products that prevent sweating and are suitable for people with allergies. The flagship product is a deodorant that is used on clothing instead of the skin, which seems to be a solution for some consumers.
In the whole of the Europe deodorants market, the multinational firms continued to dominate deodorants in 2019. Unilever is one of the top players of deodorants in the region, its top position in the market can be attributed to well-established brands Lynx, Dove, and Sure.
Moreover, Beiersdorf, which is one of the other bigger companies operating in the European deodorants market, has strengthened its sales and share during 2019, due to value increases in all categories. Apart from Nivea, its flagship brand, brands such as Eucerin, Hidrofugal, and 8x4 also saw sales growth, particularly in Germany.
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1.1 Study Deliverables & Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Specialist Retail Stores
5.2.4 Drug Stores/Pharmacies
5.2.5 Online Retail Stores
5.3 By Geography
5.3.2 United Kingdom
5.3.7 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.2 Beiersdorf AG
6.4.3 Coty Inc.
6.4.4 Henkel AG & Co. KG aA
6.4.5 Procter & Gamble Co.
6.4.6 Colgate-Palmolive Company (Sanex)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.