According to a new report published by Allied Market Research, titled, “Cotton Personal-Care Products Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The cotton personal-care product market size is expected to reach $19,157.6 million by 2028 at a CAGR of 4.6% from 2021 to 2028.
Rising population, increased hygiene awareness, and rising per capita consumer spending have all been identified as major cotton personal-care product market drivers. However, factors and cotton personal-care product market trends such as rising awareness about the drawbacks of using cotton buds for ear cleaning, as well as rising concern about mitigating marine plastic waste, are expected to impede the overall market growth.
A cotton wet wipe is a disposable, moistened cloth used for cleaning surfaces. It is frequently used as an antiseptic fabric, primarily to cleanse the skin. The increased demand for wet wipes is a major driver of the cotton personal-care products market’s growth. Wet wipes can be used for a variety of purposes, including cleansing, hygiene, and skincare. Wet wipes are one of the most hygienic options for cleaning babies because they are gentle on the bodies of young children.
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Increased consumer spending on personal-care products is driving the global market growth for cotton personal-care products. Furthermore, rising demand for facial makeup products is a major factor contributing to the growth of cotton pads. Cotton pad usage has been boosted further by the ageing female population. The global cotton personal-care product market is also being driven by easy access to personal-care products via e-commerce channels.
The cotton personal-care product market segmentation is done on the basis of product type, distribution channel and region. As per product type, it is divided into cotton swabs, cotton cosmetic pads, cotton wet wipes, sterile cotton balls, cotton rolls and others. According to distribution channel, it is fragmented into supermarkets & hypermarkets, convenience stores, specialty stores and e-commerce.
Region-wise, the animals and marine fats and oils market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In this way, cotton personal-care product market forecast is done.
Key findings of the study
? By product type, the cotton wet wipes segment was the highest contributor to the market, with $6,308.0 million in 2020, and is estimated to reach $9,397.4 million by 2028, at a CAGR of 4.3% during the forecast period.
? By distribution channel, the specialty stores segment was the highest contributor to the market, with $4,911.3 million in 2020, and is estimated to reach $7,101.8 million by 2028, at a CAGR of 3.9% during the forecast period.
? Europe was the highest revenue contributor, accounting for $4,186.9 million in 2020, and is estimated to reach $5,996.3 million by 2028, with a CAGR of 3.8%.
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Source: Allied Market Research