Pune, India, April 26, 2021 (GLOBE NEWSWIRE) -- The report from Fortune Business Insights™ mentions that the global feminine hygiene products market stood at USD 39.73 billion in 2019 and is projected to USD 51.13 billion by 2027. The global feminine hygiene products market size expected to gain momentum by 2027 while exhibiting a CAGR of 4.6% between 2020 and 2027. This is attributable to the growing awareness regarding menstruation amongst women and the increasing prevalence of lower reproductive tract infections across the globe.
Technological advancement and superior quality of education is leading to the increasing awareness for feminine hygiene products across the globe. These products are either reusable or disposable. They include products such as tampons, sanitary napkins, sponges, and menstrual pads, among others. Additionally, these products aid in maintaining an optimum pH balance in the vagina and menstruation hygiene.
COVID-19 Effect: Sky-rocketing Prices of Product to Hamper Growth Prospects
The increasing demand for essential FMCG products amid the novel coronavirus has resulted in the high prices of commodities in the hypermarkets/supermarkets. The hoarding of goods by people in the wake of indefinite lockdown announced by the government agencies globally has caused disruptions in the supply and demand of the products. This is expected to hamper the growth of the market to some extent. However, the increasing focus on replenishing the stores with consumer goods, and the collective efforts by the government and companies to improve the economy will contribute to the market growth in the near future.
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What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
Increasing Awareness Regarding Menstruation to Surge Demand
Feminine hygiene products are beneficial in controlling blood leakage amongst women during a menstrual cycle. The increasing awareness regarding personal hygiene owing to the high awareness among teenage girls is expected to drive the market growth. Additionally, the rising female workforce, along with the high disposable income is propelling the demand for premium quality products that is anticipated to boost the growth of the global market during the forecast period. The increasing prevalence of lower reproductive tract infection among women would further boost the demand for safe and hygiene products that will favor market growth.
Hypermarket/Supermarket Segment Held 34.09% Market Share in 2019 Owing to Bulk Purchase of the Products
The segment hypermarket/supermarket, based on distribution channel, held a market share of 34.09% in 2019 and is expected to showcase an exponential growth in the forthcoming years. This is attributable to the one-stop availability of products of feminine hygiene that are leading to bulk purchases by women consumers during the forecast period.
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Increasing Number of Working Women Population in Asia-Pacific to Favor Growth
Among all the regions, the market in Asia-Pacific is expected to remain dominant and hold the highest position in the global feminine hygiene products market during the forecast period. The dominance is attributable to the increasing number of working women population that is leading to the growing awareness regarding feminine hygiene products in countries such as India and China. Additionally, Asia-Pacific stood at USD 12.80 billion in terms of revenue in 2019. North America is expected to showcase a considerable growth in the forthcoming years. This is ascribable to factors such as the increasing adoption of personal care products owing to the high awareness regarding menstruation amongst the women in countries such as the U.S. between 2020 and 2027.
Merger and Acquisition by Major Companies to Strengthen Their Market Positions
The market comprises of several prominent players such as Unilever, Procter & Gamble, and others that are striving to strengthen their positions by acquiring the other small companies and further expanding their feminine hygiene products portfolio to gain the maximum share in the forthcoming years. The other key players are adopting strategies such as collaboration, introduction of new products, and partnerships that is expected to bode well for the global feminine hygiene products market growth during the forecast period.
March 2020 – Hindustan Unilever Limited (HUL), a leading FMCG brand, announced its acquisition of VWash, a popular global feminine hygiene product from Glenmark Pharmaceuticals Ltd. The acquisition is expected to strengthen its position in the global marketplace.
List of the Leading Companies Profiled in the Global Feminine Hygiene Products Market:
- Procter & Gamble Co. (Ohio, U.S.)
- Unicharm Corp. (Tokyo, Japan)
- Essity AB (Stockholm, Sweden)
- Kimberly-Clark Corp. (Texas, U.S.)
- Ontex Group NV (Aalst, Belgium)
- Edgewell Personal Care (Shelton, U.S.)
- Maxim Hygiene (New York, US.)
- Hengan International Group (Jinjiang, China)
- TZMO SA (Torun, Poland)
- Unilever (London, U.K.)
Browse Detailed Summary of This Research:
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Industry Trends
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Qualitative Analysis (In relation to COVID-19)
- Impact of COVID-19
- Supply Chain Challenges
- Potential Opportunities due to COVID-19
- Global Feminine Hygiene Products Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product Type (Value)
- Menstrual Care Products
- Sanitary Napkins/Pads
- Panty Liners
- Others (Menstrual Cups and Period Panties)
- Cleaning and Deodorizing Products
- Menstrual Care Products
- By Distribution Channel (Value)
- Convenience Stores
- Drugs Stores
- By Region (Value)
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Product Type (Value)
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