NEWARK, Del, Jan. 16, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights, global electric toothbrush market is expected to register a CAGR of 7.8%. The market is estimated to hold a current value of US$ 4.6 billion in 2023 and is expected to reach US$ 9.8 billion by 2033.
Consumer preferences in the personal care segment are rapidly evolving. There is a growing consumer penchant for efficient, easy-to-use, and quick oral hygiene products. Current product innovations by key players have led to the launch of highly efficient product variants that can minimize the brushing time.
Increasing Oral Issues Emerge as Significant Market Driver
Instances of oral diseases, including mouth cancer, are currently on the rise. The modern eating patterns, consuming highly acidic sugary food, have created a conducive environment for plaque and tartar. Therefore, in the fast-moving world, electric toothbrushes have become an easy, quick fix for those battling dental issues.
Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7977
Consumer Awareness Can Accelerate Market Growth
Despite the rising popularity of electric toothbrushes, it is yet to penetrate the market extensively. Due to its lack of awareness and benefits, the market growth might slow down. Coupled with the fact that the product is often priced at a higher point than regular toothbrushes, gaining traction in developing markets could be a difficult task.
High Maintenance Costs Can Impact the Market
Unlike a regular toothbrush that can easily be thrown or replaced, electric toothbrushes warrant significant maintenance costs. Consumers, when required to spend additional costs on a high-priced product for battery/electricity, might prefer product alternatives. The maintenance of the delicate electric circuit of toothbrushes can prove quite tedious for consumers. Therefore, due to its cost that is higher compared to a normal toothbrush, consumers might hesitate to pay extra for its replacement services.
Key Takeaways
- The global electric toothbrush market recorded a 7.3% CAGR between 2017 and 2022.
- During the forecast period, the United States market is projected to record a CAGR of 6.3% and is expected to reach a valuation of US$ 2.7 billion by 2033.
- The China market is anticipated to register a CAGR of 10.7% between 2023 and 2033.
- Between 2023 and 2033, the rechargeable segment is projected to register a CAGR of 6.6% in the product type category.
- During the forecast period, the hypermarket/supermarket, the top sales channel segment is anticipated to thrive at a CAGR of 7.5%.
Key Players:
Panasonic Corporation, Colgate-Palmolive Company, The Procter & Gamble Company, Church & Dwight Co., Inc., JSB Healthcare, Koninklijke Philips N.V., Omron Healthcare, Inc., FOREO Company, Wellness Oral Care Company, Fairywill Company, Lion Corporation, Conair Corporation (Interplak), SEASTAR Corporation, Smilex Company, Kolibree Company, Rotadent Company, Shenzhen Risun Technology Co. Ltd., Ningbo Seago Electric Co, Ltd., Dretec Co., Ltd., Brush Buddies Company, SONIC Chic Company
Market Restraints
The key market restraints impeding the progress are high product cost and maintenance. To overcome these challenges, market players are working on innovations, that make the product more affordable and easy to maintain.
Important Market Developments:
- Sustainability Concerns Addressed: SURI is a London-based startup that stands for Sustainable Rituals. The startup manufactures sustainable electric toothbrushes. The electric toothbrushes’ body is made of recyclable aluminum. The plastic heads are plant-based and can be recycled or industrially composted.
- Xiaomi Corporation Marks Presence in the South Asian Market: In June 2020, Xiaomi launched the T100 electric toothbrush series in India. The product comes with several advanced features. This includes 30-day battery life, low noise, and an alluring glossy design.
- Colgate and Philips Join Hands: In March 2021, Koninklijke Philips N.V. and Colgate Palmolive Company announced a collaboration. Primarily focusing on the South American market, this collaboration aims to widen awareness of oral hygiene practices. This also includes the propagation of awareness on dental hygiene tools such as electric toothbrush.
- Colgate goes Big on Research and Development: The Colgate Palmolive Company recently shelled out huge bucks for research. In 2019, the company invested US$ 280 million in research and development. This is anticipated to contribute to the advancement of electric toothbrush technology.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-7977
Global Electric Toothbrush Market by Category
By Product Type:
- Rechargeable
- Battery Powered
By Head Movement:
- Sonic/Side-By-Side
- Rotation/Oscillation
By Price:
- Economy
- Mid-Range
- Premium
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Drug Stores & Pharmacies
- Convenience Stores
- Online Retailers
- Other Sales Channels
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Click on the Below Link to Buy this Report@ https://www.futuremarketinsights.com/checkout/7977
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Product Evolution Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Companies Moving Towards Hi-Technology In Toothbrush Market
3.1.2. Rapidly Increasing Demand For Oral Care Products
3.1.3. Product Premiumization
3.1.4. Growing Consumer Awareness Regarding Better Hygiene and An Organized Retail Sector in Developing Countries
Explore Wide-Ranging Coverage of FMI's of Consumer Product Insights
Charcoal Bristle Toothbrush Market Size: Charcoal Bristle Toothbrush Market : Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030
Toothbrush Sanitizer Market Share: Toothbrush Sanitizer Market: Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 – 2031
Compostable Toothbrush Market Trend: The compostable toothbrush market is anticipated to record a CAGR of 8.5% during the forecast period, up from US$ 30.43 Bn in 2022 to reach a valuation of US$ 68.8 Bn by 2032.
Skin Care Devices Market Analysis: The skin care devices market is estimated to be valued at US$ 23.8 Bn in 2023 and is projected to grow to US$ 101.5 Bn by 2033.
Disposable Electric Toothbrushes Market Forecast: The disposable electric toothbrush market is likely to register a CAGR of 8.1% during the forecast period, and is anticipated to reach a market share of US$ 6.5 Bn in 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
