
Published On: Dec 2022
Published On: Dec 2022
At 4.5% CAGR, the Europe Toothpaste Market is projected to be worth US$ 9,319.16 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe toothpaste market was valued at US$ 6,855.12 million in 2021 and is expected to reach US$ 9,319.16 million by 2028, registering a CAGR of 4.5% from 2021 to 2028. Rising popularity of herbal products and dental issues in geriatric and pediatric Population are the critical factors attributed to the market expansion.
There is an increase in the number of children experiencing dental problems, which is expected to fuel the market growth significantly. Furthermore, the growth of the geriatric population is heightening the demand for toothpaste as this age group is extremely vulnerable to several tooth issues such as tooth decay, gum diseases, and tooth cavity.
The rising consumer awareness concerning oral health backed by a large number of government initiatives can be favorable for the toothpaste market over the next few years. The improved consumption rate of sugary foods and beverages, combined with the urban lifestyles, have been a considerable growth booster in the European toothpaste market. Dental whitening has appeared as one of the major toothpaste market trends over the years, which companies are capitalizing on by launching new and unique flavors. As a result, toothpaste has become an essential requisite to maintain oral health and hygiene. Owing to this, toothpaste has garnered the highest market share in the oral care market.
On the contrary, harmful effects of ingredients in toothpaste hurdles the growth of Europe toothpaste market.
Our regional analysis states that the Rest of Europe captured 28.7% market share in 2021. It was assessed at US$ 1,968.11 million in 2021 and is likely to hit US$ 2,558.11 million by 2028, exhibiting a CAGR of 3.8% during the forecast period.
Key players dominating the Europe toothpaste market are 3M; Beverly Glen Laboratories, Inc; Colgate-Palmolive Company; GlaxoSmithKline plc.; Henkel AG & Co. KGaA; Procter & Gamble; Sunstar Suisse S.A; The Himalaya Drug Company; and Unilever among others.
A few key developments by top market players are:
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