February 25, 2024
Feminine Hygiene Products Market

Feminine Hygiene Products Market Is Estimated To Witness High Growth Owing To Rising Awareness

The global feminine hygiene products market is estimated to be valued at US$ 36.20 billion in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Feminine hygiene products are essential products used by women during their menstrual cycle or those suffering from leucorrhea problems. These include sanitary napkins, tampons, menstrual cups, and other cleaning & relief products. Sanitary pads accounted for the largest market share in 2023 due to their availability, affordability and high adoption rate in developing countries. Menstrual cups are gaining popularity among women due to their sustainable and cost-effective nature.

Market Dynamics:

Rising awareness about hygiene and sanitation during menstruation through government campaigns and education programs is driving the market growth. Additionally, the availability of different product types catering to different needs along with product innovation in terms of fabric, absorptive power, and applicability is further fueling the market growth. However, availability of alternatives like menstrual cups and reusable cloth pads is challenging the sales of disposable pads and tampons. Stringent government regulations regarding raw material and discharge standards for manufacturing units pose further challenge.

SWOT Analysis

Strength: Feminine hygiene products are necessity for women globally. Three major players dominating the market have strong brand recognition and distribution channels across regions. Technological advancements in products cater to specific needs and requirements of women.

Weakness: Higher prices of premium products restricts its penetration in lower income segments globally. Lack of awareness and social stigma exist in rural areas of developing nations regarding menstrual hygiene management.

Opportunity: Rapid urbanization and growing disposable incomes in emerging economies of Asia-Pacific and Middle East & Africa provide scope for market expansion. Rising awareness through government initiatives and NGOs helps address taboos related to menstruation.

Threats: Threat of substitutes like reusable cloth pads and menstrual cups. Stringent government regulations over raw material sourcing and product quality in developed countries increases compliance costs.

Key Takeaways

The Global Feminine Hygiene Products Market Size  is expected to witness high growth, exhibiting a CAGR of 4.8% over the forecast period, due to increasing awareness about feminine hygiene and sustainable products. North America dominates the market currently owing to high penetration rates achieved by affordable basic products and premium customizable products in the region.

Regional analysis- Asia Pacific region is expected to rise as the fastest growing market for feminine hygiene products by 2030. Nations like India, China, and other Association of Southeast Asian Nations present tremendous opportunities due to their large population base and growing women empowerment.

Key players- Key players operating in the feminine hygiene products market are Procter & Gamble Company, Kimberly-Clark Corporation, Unicharm Corporation, Johnson & Johnson Services, Inc., Essity AB. These players have dominant market presence owing to their strong brands, and continuous investments in product innovation and marketing.

 

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