June 18, 2024
Dental Market

Palm Oil Driving Dental Market Growth by Rising Demand for Oral Care and Cosmetic Products

The dental market includes a wide range of products such as dental devices, implants, prosthetics and consumables like impression materials, casting materials, abrasives, cements and dental sealants. Palm oil plays a vital role in dental market growth by providing advantages like good handling properties, low cost and wide availability. It is used as an emollient, lubricant and surfactant in toothpastes, toothpowders, mouthwashes and dental floss. The need for good oral hygiene and aesthetic dental treatments is driving significant demand for these products.

The Global dental market is estimated to be valued at US$ 42173.86 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Dental Market are Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd, Malaysian Soy oil & palm oil Council (MPOC), Carotino Sdn Bhd, Yee Lee Corporation Bhd, IOI Corporation Berhad, Archer Daniels Midland Company, Dow DuPont Inc., and Guangxi Long’an Ruifeng Industrial & Trading Co., Ltd. They account for majority share of the market by offering wide range of palm oil based dental care and cosmetic products.

The growing dental health and cosmetic dentistry has boosted significant demand for oral care and aesthetic dental treatment products worldwide. With increasing awareness about oral health, demand for toothpastes, toothpowders, gels, rinses and flosses containing palm oil as emollient is surging globally.

The expanding geriatric population prone to dental issues and greater focus on dental aesthetics in countries like China, India, Brazil and GCC nations is driving global expansion of the dental market. Many regional and local players are entering international markets with their palm oil enriched dental product ranges.

Market Key Trends

One of the key trends witnessed in the Dental Market Demand is the shift towards herbal and natural oral healthcare products. Consumers are showing preference for toothpastes and mouthwashes containing palm oil over synthetic alternatives due to various health benefits. Palm oil serves as an excellent solubilizer for botanical and herbal extracts used in these natural dental products. It is derived from a sustainable and renewable source making palm oil rich dental care range an eco-friendly option.

Porter’s Analysis

Threat of new entrants: High capital requirements for plant and machinery pose a barrier for new players. However, rising demand creates opportunities.

Bargaining power of buyers: Multiple manufacturers provide options but buyer loyalty and private labels influence choices.

Bargaining power of suppliers: Large manufacturers maintain steady demand but supply chain disruptions impact costs.

Threat of new substitutes: Moderate threat as alternate options exist for a few applications but core products have few substitutes.

Competitive rivalry: Intense as major players compete on innovation, quality, and price while increasing market share.

Geographical Regions

North America holds the largest share currently due to rising dental issues and expenditure. The region is expected to grow steadily during the forecast period.

Asia Pacific is the fastest growing region supported by growing economy, rising living standards and huge population. China, India and Southeast Asian countries are emerging strongly on the back of increasing healthcare access and focus on oral care.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it