Feminine Hygiene Products Market Analysis and Scope (2023 to 2030)
Feminine Hygiene Products Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 26.73 Billion |
Market Size by 2030 | US$ 36.31 Billion |
Global CAGR (2022 - 2030) | 3.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COVID-19 Impact:
The rising female literacy rate and greater menstrual hygiene awareness primarily drove the feminine hygiene products market before the onset of the COVID-19 pandemic. However, the consumer goods industry experienced adverse impacts of the pandemic during the first quarter of 2020. The COVID-19 pandemic also led to an economic recession in the initial months of 2020, which created financial difficulties for low-income and mid-income consumers. As a result, people only purchased primary essential products—such as groceries and critical medical products—lowering the sales of feminine hygiene products.
Many businesses recovered as the governments of various countries eased the restrictions after the initial months of lockdown in 2020. The introduction of the COVID-19 vaccine offered further relief from the distressing pandemic situation, leading to a rise in business activities. The resumption of operations in the manufacturing units positively impacted the feminine hygiene products market and led to the recovery of the production of feminine hygiene products. Manufacturers overcame the demand and supply gap as they were permitted to operate at total capacity.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the global feminine hygiene products market include Edgewell Personal Care Co, Kimberly-Clark Corp, Lune Group Oy Ltd, Me Luna Gmbh, Mooncup Ltd, Ontex Bv, Essity Ab, Wuka Ltd, Cotton High Tech SL, and The Procter & Gamble Co. among others. These players offer cutting-edge feminine hygiene products with innovative features to deliver a superior experience to consumers.