Feminine Hygiene Products Market to Cross USD 37.26 Billion by 2030 due to Rising Awareness and Education Coupled with Increasing Product Innovation
Research Reports
Oct 25, 2023
As per SNS Insider’s research, the feminine hygiene products market is experiencing robust growth due to a confluence of factors such as increasing awareness, technological advancements, changing lifestyles, rising disposable income, evolving cultural norms, and the rise of e-commerce.
The feminine hygiene products market, as per the SNS Insider report, was valued at USD 24.1 billion in 2022 and is projected to reach USD 37.26 billion by 2030. It is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2030.
Market Report Scope
In today’s health-conscious society, feminine hygiene products have become essential items for women of all ages. These products, specifically designed to promote cleanliness and comfort, play a vital role in women’s personal care routines. Feminine hygiene products provide comfort and convenience, allowing women to go about their daily activities without discomfort or interruptions. These products help maintain proper hygiene by absorbing menstrual flow and preventing odors, ensuring women feel fresh and confident throughout the day. Reusable products like menstrual cups contribute to environmental sustainability by reducing the amount of disposable waste generated from traditional pads and tampons.
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Major Players Listed in the Report are as Follows:
Johnson & Johnson, Kimberly-Clark, Essity Aktiebolag, Procter & Gamble, Kao Corporation, Unicharm Corporation, Premier FMCG, Daio Paper Corporation, Ontex, Hengan International Group Company Ltd., Natracare LLC, First Quality Enterprises Inc., Bingbing Paper Co Ltd. and Drylock Technologies, and other players.
Market Analysis
Advancements in technology have paved the way for innovative feminine hygiene products. Manufacturers are investing in research and development to create products that offer superior comfort, better absorption, and enhanced leakage protection. Innovative products like organic and biodegradable sanitary pads and tampons have gained traction among environmentally conscious consumers, further propelling feminine hygiene products market growth. Urbanization and the evolving lifestyle preferences of women have significantly influenced the market for feminine hygiene products. Urban dwellers often seek convenient and discreet products that allow them to maintain an active lifestyle. This shift in lifestyle choices has led to a surge in the demand for compact and easy-to-use feminine hygiene products, driving market expansion. The increasing disposable income among women in various regions has enabled them to afford premium and high-quality feminine hygiene products. As women become more financially independent, they are willing to invest in products that offer superior comfort, hygiene, and convenience. This rise in purchasing power has created a lucrative market for premium feminine hygiene products.
Feminine Hygiene Products Market Segmentation as Follows:
By Product Type
- Sanitary Pads
- Panty liners and Shields
- Internal Cleansers and Sprays
- Tampons and Menstrual Cup
- Disposable razors and blades
- Menstrual Cups
By Nature
- Reusable
- Disposable
By Distribution Channel
- Online store
- supermarket/hypermarket
- Pharmacy
- Others
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Impact of Recession
In the face of a recession, the feminine hygiene products market is witnessing a transformative period marked by challenges and innovations. Leading companies are diversifying their product lines to include a range of affordable options, catering to varying consumer budgets without compromising on quality. Embracing the digital era, businesses are strengthening their online presence, making feminine hygiene products accessible to a wider consumer base through e-commerce platforms. With an increasing emphasis on environmental consciousness, companies are investing in eco-friendly and sustainable feminine hygiene products, attracting environmentally conscious consumers.
Impact of Russia-Ukraine War
The Russia-Ukraine war has undoubtedly left an indelible mark on the feminine hygiene products market. From supply chain disruptions and price volatility to shifts in consumer preferences and international trade dynamics, the industry is undergoing significant transformations. As manufacturers adapt to these challenges, it is essential for them to remain agile, innovative, and socially responsible, ensuring the continued availability and affordability of feminine hygiene products for women worldwide. The resilience and adaptability of the industry will play a pivotal role in shaping its future amidst these complex geopolitical circumstances.
Key Regional Development
North America boasts a mature feminine hygiene products market characterized by high product penetration and consumer awareness. The region is witnessing a shift towards organic and eco-friendly products, driven by a growing focus on sustainability. Manufacturers are emphasizing product innovation, incorporating advanced materials and technologies to meet evolving consumer demands. Europe stands as a diverse market for feminine hygiene products, with varying cultural attitudes and preferences. Western European countries exhibit a high adoption rate of premium products, emphasizing quality and convenience. The Asia-Pacific region presents immense growth opportunities in the market. Developing economies like India and China witness a rising awareness of feminine hygiene, driven by educational initiatives and government campaigns. Cost-effective products, such as sanitary pads, dominate these markets.
Key Takeaway from Feminine Hygiene Products Market Study
The sanitary pads segment has experienced remarkable growth, driven by factors such as increased awareness about menstrual hygiene, and innovative product offerings. One of the key drivers behind the dominance of sanitary pads is the continuous technological innovations. Manufacturers are investing in research and development to create pads with superior absorbency, comfort, and leakage protection. These advancements have significantly enhanced the overall user experience, leading to a surge in demand.
The supermarket and hypermarket segment has also witnessed a significant surge in the market. The convenience, variety, and competitive pricing offered by supermarkets and hypermarkets have contributed to their dominance in this market. Supermarkets and hypermarkets offer an extensive range of feminine hygiene products, including various brands, sizes, and types of sanitary pads. This variety allows consumers to compare products and choose the one that best suits their needs, leading to increased sales in these retail outlets.
Recent Developments Related to Feminine Hygiene Products Market
Sanfe, a prominent brand dedicated to women’s well-being, has successfully secured $1.5 million in its Series A2 funding round. The investment comes from a group of existing investors who have shown key support for Sanfe’s mission to revolutionize feminine hygiene products.
Sirona Hygiene, a leading player in the hygiene and wellness industry, has successfully raised 100 crore in funding from the renowned Good Glamm Group. The infusion of ?100 crore will be instrumental in scaling up production, improving distribution networks, and investing in cutting-edge technologies to create even more advanced and efficient products.
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Feminine Hygiene Products Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Feminine Hygiene Products Market Segmentation, By Product Type
Chapter 9 Feminine Hygiene Products Market Segmentation, By Nature
Chapter 10 Feminine Hygiene Products Market Segmentation, By Distribution Channel
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
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