Market Size of South America Oral Care Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.60 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Oral Care Market Analysis
The South America Oral Care Market size is expected to grow from USD 4.21 billion in 2023 to USD 5.80 billion by 2028, at a CAGR of 6.60% during the forecast period (2023-2028).
Toothpaste remains the largest shareholder in the South American oral care market, owing to the number of variants available and the growing preferences for natural, organic, vegan, and herbal toothpaste. Brazil leads the market in the region, attributed to high-level hygiene practices followed by Brazilians. It was found that 66% of the Brazilian population brushes their teeth three times a day, whereas the global average is only 9%. Moreover, the volume of toothpaste used by the Brazilian people is five times higher than the number of brushes in the country.
Various government initiatives are also playing a big role in raising awareness among consumers about oral health and hygiene. For instance, every year, on the 20th of March, World Oral Health Day is celebrated. The theme for the year 2021-23 is 'Be Proud of Your Mouth.' In this campaign, the FDI World Dental Federation focused on raising awareness among consumers about the importance of oral health in all stages of life. The market for oral care is significantly impacted by the rise in dental disease prevalence brought on by an aging population. Tooth decay has increased as a result of poor oral hygiene practices and unhealthy eating habits. This has increased the need for dental caries prevention-focused oral care solutions. When the value of consulting a dentist while selecting oral care products rises, so does consumer demand.