Deodorant Market Size, Share, Growth Analysis, By Product type(Spray, Roll-On, Stick, Cream), By End Users(Men, Women), By Packaging Material(Plastic, Metal, Glass), By Distribution Channel(Hypermarket/Supermarket, Convenience Store, Pharmacy & Drug Store, Online Retail), By Region - Industry Forecast 2024-2031

Deodorant Market Driver

• The surge in demand for deodorant products among the youth is driving the worldwide deodorant ingredients market. The global deodorant components market is being boosted by new and creative compounds, as well as the cheaper cost of these products when compared to other alternatives. Deodorants are becoming more popular among consumers as a result of the use of high-quality ingredients, new technology, and appealing packaging. Also, the demand for this industry is being driven by a growing awareness of personal grooming. Further, the market is growing due to rising temperatures and unhealthy lifestyles that cause body odor, as well as increased popularity and demand for scents, particularly among the young population.

Deodorant Market Restraint

• The deodorant market is hampered by unfiltered chemical toxicity that causes allergic reactions in sensitive skin, the availability of counterfeit products, and the high cost of fragrant products, which keeps price-conscious consumers from buying more.
• Deodorants contain a variety of ingredients, such as aluminum compounds, Cyclomethicone, and others, that might induce allergic reactions, which will likely function as a market restraint for the deodorant industry's expansion. Further, the high cost of scented items discourages price-conscious consumers from purchasing more.