Supermarkets and Hypermarkets Segment to Dominate APAC Toothpaste Market during 2019–2028
According to The Insight Partners market research study on “APAC Toothpaste Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Base Type, Distribution Channel, and End User,” is expected to reach US$ 16,946.52 million by 2028 from US$ 12,061.58 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the APAC toothpaste market along with the drivers and restraints pertaining to the market growth. Surge in popularity of herbal products is the major factor driving the growth of the APAC toothpaste market. However, harmful effects of ingredients in toothpaste may hinder the growth of APAC toothpaste market.
The COVID-19 pandemic is causing a significant economic loss in Asia Pacific. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown. The toothpaste market has witnessed a decent growth. For instance, Lion, a big Japanese toiletries manufacturer, in a recent market survey exhibited that the number of consumers who bought toothpaste for personal use exceeded those who purchased it for family use for the first time in 2020. The pandemic is behind this trend as Japanese consumers find it hygienic to own tube of toothpaste, rather than to share with family members.
The market for toothpaste market is segmented into type, base type, distribution channel, end user, and country. Based on type, the market is segmented into sensitivity, whitening, herbal/natural, smokers, and medicated. In 2020, the whitening segment held the largest share APAC toothpaste market. Based on sensitivity the market is divided anti-cavity and others. In 2020, the others segment held the largest share toothpaste market. Based on end user, the market is segmented into adults and kids. In 2020, the adults segment held the largest share APAC toothpaste market. Based on by base type, the market is segmented into gel-based and non-gel-based. In 2020, the non-gel-based segment held the largest share APAC toothpaste market. Based on distribution channel, the APAC toothpaste market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and drug stores/pharmacies. In 2020, the supermarkets and hypermarkets segment held the largest share APAC toothpaste market. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and rest of Asia Pacific. In 2020, China held the largest share APAC toothpaste market.
3M, Beverly Glen Laboratories, Inc, Colgate-Palmolive Company, GlaxoSmithKline plc., Henkel AG & COMPANY, Lion Corporation, KGAA, Procter & Gamble, Sunstar Suisse S.A., The Himalaya Drug Company, and Unilever are among the leading companies in the APAC toothpaste market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Colgate-Palmolive (India) Limited collaborated with dentists and diabetes experts to research and develop Colgate for Diabetics, an unique toothpaste for diabetics.
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