The global feminine hygiene products market analysis size is expected to gain momentum by reaching USD 51.13 billion 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. This information is published by Fortune Business Insights, in its latest report, titled, “Feminine Hygiene Products Market Size, Share & COVID-19 Impact Analysis, By Product Type (Menstrual Care Products and Cleaning and Deodorizing Products), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Drugs Stores, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 39.73 billion in 2019 and is projected to showcase an exponential growth in the forthcoming years.
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.)