Global Detox Products Market Expected to Reach US$ 2,238.9 Mn by 2027 - Industry Probe

August 01, 2019, Domain: Consumer Goods & Retail

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Detox Products Market (Product Type: Body and Skin (Tea, Capsules, Tablets, Powder, Liquid, Detox Kit, Others), Hair (Oil, Shampoo, Conditioner, Others); Form: Powder, Capsules, Soft gels, Tablets, Liquid, Others; End-use: Individual, Commercial; Distribution Channel: Online (Company Website, E-commerce Websites), and Offline (Hypermarkets/Supermarkets, Specialty Stores, Brand Stores)) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027’’, the global detox products market was valued at US$ 983.3 Mn in 2019 and is expected to expand at a CAGR of 9.7% from 2019 to 2027.

Overview

  • Factors such as rapid urbanization, rise in disposable income, growing population, and increasing awareness about benefits of detoxification of the body are expected to boost the global detox products market in the near future.

  • North America held major share in the global detox products market in 2018 followed by Europe and Asia Pacific. Asia Pacific region is expected to show good growth opportunities for the manufacturers of detox products during the forecast period. Increase in disposable income and improvement of life styles, demand from the young population and fitness enthusiasts for healthy supplements are some of the factors responsible for the demand for detox products in developing countries such as China and+ India.

Browse the full report at Detox Products Market

Driving Factors

  • Demand for detox products has increased all over the world owing to rising awareness regarding detoxification products and its potential health benefits such as improved blood circulation, rejuvenation of the skin, etc.

  • Detox products are widely used by individuals and the market is anticipated to grow at a good growth rate during the forecast period due to increase in number of drug addicts, and those with smoking or drinking habits, as detox products help to remove toxins from the human body.

  • Economic growth, rapid urbanization, and increase in disposable income encourage healthy lifestyles and this in turn leads to a rise in demand for detox products across the globe. Development of the market in emerging economies due to changing consumer preference toward health supplements is boosting the growth of the detox products market.

Key Challenges

  • Government regulations and norms related to pharmaceuticals and food products is a major challenge to manufacturers, and hence companies have to pay greater attention while manufacturing the detox products irrespective of consumables products

Market Preference

  • In terms of product type, body and skin detox products hold a major share as these products are consumed and absorbed in the body at a faster rate and have good impact.

  • Capsule form of detox products accounted for major market share of 32% in 2018. Capsules are the simplest form of detox products and are easy to use and swallow and hence preferred by people and is expected to drive the demand for detox products in the coming years.

  • In terms of end-use, individual segment acquired major market share of approximately 80% in 2018. The segment is further anticipated to expand at a CAGR of 9.9% during the forecast period.

  • In terms of distribution channel, the online distribution channel is expected to be the most attractive segment during the forecast period due to the inclination of users toward online shopping.

  • Based on region, North America holds a major share of the global detox products market, followed by Europe. The large sedentary population in the U.S. provides opportunities for detox product manufacturers to tap this market.

Competitive Landscape

  • The detox products market is dominated by several players who are focused on the development of new products to cater to the changing consumer preferences.

  • The report includes the below mentioned pointers of major players operating in the detox products market:

    • Competition Matrix

    • Company Overview

    • Product Profiling

    • Market Share Analysis (2018)

    • Product Comparison Analysis

    • Business Strategies / Recent Developments

      • New product development

      • Key mergers and acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope Include

  • HimalayaGlobal Holdings Ltd.

  • Bioray

  • Nutrivein

  • Microbe

  • NLAfor Her

  • IrwinNaturals

  • IFNNutrition

  • PlanetaryHerbals

  • DetoxifyLLC.

  • NowFoods

Detox Products Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

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