Europe Deodorants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Europe deodorants market is forecasted to witness a CAGR of 4.45% during the forecast period (2020 - 2025).
Key HighlightsSales 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 InnovationsR&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.
Competitive LandscapeIn 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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