The Latin American oral care market is predicted to grow at a CAGR of 3.99% during the forecast period. The Latin American market is expected to be valued at USD 4.99 billion by 2028 from USD 4.1 billion in 2023.
The growing patient population suffering from oral diseases due to unhealthy habits is majorly driving the Latin American market. Owing to changes in lifestyles, there is an increase in the consumption of unhealthy diets such as junk foods, oily foods, and pre-processed food. In addition, increased consumption of alcohol and smoking led to a rise in oral problems such as yellow teeth, bad breath and others. Therefore, dentists prefer to use toothpaste, powders, and mouthwash to reduce the effects of oral problems, resulting in the growth of the regional market.
The growing awareness about oral care among the Latin American population propels the growth rate of the Latin American oral care market. Owing to the rising awareness programs about the use of oral products and oral diseases by several organizations and key market players, people are aware of the risks associated with oral problems and opt for oral care products to prevent oral diseases. The most common oral diseases are oral cancer, gum diseases, loose teeth, and others. Furthermore, the growing aging population in the Latin American region contributes to the growth of the Latin American oral care market. With increasing age, people suffer from several dental issues due to changes in daily nutrition. Therefore, the usage of oral care products is further increasing due to the growing aging population and driving the market growth in Latin America.
The growing number of R&D activities around oral care products and increasing adoption of technological developments in manufacturing oral care products are predicted to fuel the growth rate of the Latin American market. Manufacturers of oral care products are focusing on developing oral care products using advanced technologies. An electric toothbrush is one of the examples of recent technological developments in the oral care market. In addition, growing investments by the governments of Latin America to spread awareness of oral care among the public are favoring the growth of the Latin American oral care market.
The high cost of oral care treatment is the major restraint for the oral care market growth in the Latin American region. In addition, increasing negligence about oral care among uneducated and busy people and strict rules also impede the Latin American oral care market growth.
This research report on the Latin American oral care market has been segmented into the following categories.
By Product:
By Distribution Channel:
By Country:
Geographically, Latin America captured a moderate share of the worldwide market in 2022 and is anticipated to showcase a steady CAGR during the forecast period owing to the increasing number of oral care clinics and hospitals and the increasing advanced infrastructure in dental clinics. In addition, Periodontitis is one of the significant issues for many people in Latin America, disturbing the quality of life. Furthermore, the government also provides several health-related policies for oral health. All these factors help adopt oral care products such as toothbrushes, mouth fresheners, and other devices for oral hygiene, which helps the market grow.
Brazil holds the maximum share of the Latin American oral care market. In 2022, a meeting was conducted by the Latin American Oral Health Association in Brazil to discuss oral health problems in Latin America. A more significant number of dentists in Brazil is the primary factor for the market growth in this country. There are nearly 270,000 dentists in Brazil. Providing high-quality dental care is also the reason for the market's growth. Employees in Brazil have several dental benefits, including taking regular dental checks at a low price as a part of their employment contract and health insurance. Some organizations also conducted free dental care for their employees and others, which also demands the oral care market.
The Mexican market is predicted to witness a notable CAGR in the Latin American region during the forecast period. Due to the increasing number of dental caries cases in school children, a dental check-up is made mandatory for children at certain regular intervals, which helps reduce the issue for their better future.
KEY MARKET PLAYERS:
Procter & Gamble, Colgate-Palmolive Company, Unilever, GlaxoSmithKline plc, Henkel AG & Co. KGaA, Sunstar Suisse S.A., Johnson & Johnson, and Hain Celestial are some of the notable players operating in the Latin American oral care market.
Frequently Asked Questions
The Latin American oral care market is estimated to be worth USD 4.99 billion by 2028.
Colgate-Palmolive, Procter & Gamble, and Unilever, as well as local players such as Natura, Curaprox, and Blanx are some of the major companies in the Latin American oral care market.
The growing demand for natural and organic products, increasing interest in cosmetic dental procedures, and a shift towards more premium and value-added products are some of the major trends in the Latin American oral care market.
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