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In the oral care market, health concerns are the number one driver of sales, but other factors come into play as well. Consumers are also looking to whiten their teeth and freshen their breath. If a product can do all three, all the better: products that provide multiple benefits are proving to be the most attractive to consumers, as they are more convenient and affordable than the alternative of having to purchase multiple product types. Similarly, marketers looking to spur sales in several categories have had success with "product suites," groupings of products presented as a complete oral care package, which encourages consumers to remain brand-loyal. The ability to achieve professional results at home without the expense and time of a dental office visit is another powerful product positioning, notes David Sprinkle, research director at Packaged Facts.
By 2017, Packaged Facts projects that retail sales of oral care products will approach $6 billion, reflecting a compound annual growth rate of approximately 4 %, the company stated. Besides the driving forces of the increased appeal of multi-function products, professional quality products and oral care "suites" that provide a one-stop shop for consumers, market gains will be stimulated by the growing Hispanic population and the aging Baby Boomer market. The annual percentage gains could be higher if oral care marketers are able to produce exceptional ingredient developments or research findings, or are able to develop new product lines that address previously underserved dental conditions, such as dental care for diabetics. Conversely, this generally mature market could see sales slip should consumers ignore the growing focus on oral care and overall health, or should another economic downturn affect their willingness to spend on personal care items that are not seen as a necessary part of their health regimens, the market researcher pointed out.
About Packaged Facts
Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products.