The global daily products market was valued at $1.5 trillion in 2022, and is projected to reach $3.3 trillion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.The daily products market refers to the dynamic and diverse industry including a wide range of essential consumer goods that individuals use on a regular basis for their daily routines. These products span various categories, including personal care items, household cleaning supplies, health and wellness products, pet supplies, office, and stationery supplies, and more. The market caters to the everyday needs of consumers, offering convenience, choice, and solutions for maintaining personal hygiene, cleanliness, health, and overall well-being driven by changes in lifestyles, preferences, and emerging trends.
The daily products market is projected to be fueled by growing population growth and urbanization. Population growth and urbanization are pivotal forces that propel the expansion of the daily products market. Urban areas have become denser and more interconnected as the global population continues to surge. This phenomenon fosters increased consumerism and the need for essential goods. Urban lifestyles often demand time-saving solutions, spurring the demand for convenience-oriented products such as ready-to-eat meals, home delivery services, and smart appliances. Moreover, diverse preferences of urban dwellers fuel product diversity and specialization, as businesses strive to cater to varying tastes and lifestyles. The rapid pace of urban life drives demand for on-the-go consumables, health and wellness products, and technology-driven solutions. Urbanization encourages e-commerce adoption due to its accessibility and efficiency.
The Asia-Pacific region is experiencing substantial growth in the daily products market for several key reasons. First and foremost, the region's burgeoning middle class and rising disposable incomes have led to an increased demand for a wide range of daily products, including personal care items, household goods, and groceries. This expanding consumer base is propelling market growth. Furthermore, the rapidly evolving retail landscape in Asia-Pacific, including the proliferation of e-commerce platforms and the development of modern retail infrastructure, has significantly enhanced accessibility to daily products for consumers across urban and rural areas. The convenience of online shopping, coupled with extensive distribution networks, has spurred the market's expansion.
Additionally, changing consumer preferences and a growing awareness of health and wellness have driven the demand for premium and specialized daily products, creating opportunities for both local and international brands to introduce innovative offerings. Government initiatives promoting economic development, trade liberalization, and foreign investment have also fostered a favorable business environment, attracting multinational corporations to establish a presence in the region. In sum, the Asia-Pacific daily products market's growth is underpinned by factors like rising incomes, evolving retail channels, changing consumer preferences, and favorable government policies, making it a dynamic and promising market for daily product manufacturers and suppliers.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the baby infant formula market include Unilever Plc, Estee Lauder Companies Inc., Shiseido, The Procter And Gamble Company, L'Oreal S.A, Kao Corporation, Avon Products, Inc, ORIFLAME COSMETICS S.A., Patanjali Ayurved Ltd, Johnson And Johnson.
The daily products market is projected to be fueled by growing population growth and urbanization. Population growth and urbanization are pivotal forces that propel the expansion of the daily products market. Urban areas have become denser and more interconnected as the global population continues to surge. This phenomenon fosters increased consumerism and the need for essential goods. Urban lifestyles often demand time-saving solutions, spurring the demand for convenience-oriented products such as ready-to-eat meals, home delivery services, and smart appliances. Moreover, diverse preferences of urban dwellers fuel product diversity and specialization, as businesses strive to cater to varying tastes and lifestyles. The rapid pace of urban life drives demand for on-the-go consumables, health and wellness products, and technology-driven solutions. Urbanization encourages e-commerce adoption due to its accessibility and efficiency.
The Asia-Pacific region is experiencing substantial growth in the daily products market for several key reasons. First and foremost, the region's burgeoning middle class and rising disposable incomes have led to an increased demand for a wide range of daily products, including personal care items, household goods, and groceries. This expanding consumer base is propelling market growth. Furthermore, the rapidly evolving retail landscape in Asia-Pacific, including the proliferation of e-commerce platforms and the development of modern retail infrastructure, has significantly enhanced accessibility to daily products for consumers across urban and rural areas. The convenience of online shopping, coupled with extensive distribution networks, has spurred the market's expansion.
Additionally, changing consumer preferences and a growing awareness of health and wellness have driven the demand for premium and specialized daily products, creating opportunities for both local and international brands to introduce innovative offerings. Government initiatives promoting economic development, trade liberalization, and foreign investment have also fostered a favorable business environment, attracting multinational corporations to establish a presence in the region. In sum, the Asia-Pacific daily products market's growth is underpinned by factors like rising incomes, evolving retail channels, changing consumer preferences, and favorable government policies, making it a dynamic and promising market for daily product manufacturers and suppliers.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the baby infant formula market include Unilever Plc, Estee Lauder Companies Inc., Shiseido, The Procter And Gamble Company, L'Oreal S.A, Kao Corporation, Avon Products, Inc, ORIFLAME COSMETICS S.A., Patanjali Ayurved Ltd, Johnson And Johnson.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the daily products market analysis from 2022 to 2032 to identify the prevailing daily products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the daily products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global daily products market trends, key players, market segments, application areas, and market growth strategies.
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- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Product Type
- Personal Care
- Household Cleaning Supplies
- Home Care and Maintenance
- Health and Wellness Products
- Office and Stationery Supplies
- Baby and Childcare Products
- Pet Supplies
By Distribution Channel
- Supermarkets and Hypermarkets
- Drugstores and pharmacies
- Department stores
- Online Grocery Stores
- Discount Stores
- Dollar Stores
- Convenience Stores
- Direct-to-Consumer (D2C)
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Switzerland
- Sweden
- Denmark
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Argentina
- Rest of LAMEA
- Key Market Players
- Avon Products, Inc
- Kao Corporation
- The Procter & Gamble Company
- Oriflame Cosmetics Global SA
- The Estee Lauder Companies Inc.
- Patanjali Ayurved Limited
- Johnson & Johnson
- Unilever PLC
- LOREAL S. A.
- Shiseido Company, Limited
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DAILY PRODUCTS MARKET, BY PRODUCT TYPE
CHAPTER 5: DAILY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: DAILY PRODUCTS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the daily products market was valued at $1.5 trillion in 2022, and is estimated to reach $3.32 trillion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.The Daily Products Market, a diverse sector spanning consumables like food, beverages, personal care goods, and household necessities, has witnessed remarkable expansion in recent years. This upward trajectory can be attributed to several pivotal growth catalysts. Firstly, the surge in urbanization and evolving consumer lifestyles has fostered an increasing demand for accessible and convenient daily products. The proliferation of e-commerce and online retail platforms has further propelled market growth by affording consumers seamless access to an extensive product spectrum.
Key factors driving the growth of the daily products market include consumer demand and behavior and population growth and urbanization. Moreover, E-commerce and digitalization are significant drivers of growth in the daily products market. The proliferation of online retail platforms has revolutionized the way consumers shop for a wide range of daily necessities, from personal care items to household goods and groceries.
Firstly, e-commerce provides unparalleled convenience for consumers. They can browse, compare, and purchase daily products from the comfort of their homes or on-the-go using mobile devices. This convenience factor is particularly appealing for time-strapped individuals with busy lifestyles. The ability to order products online and have them delivered to their doorstep saves time and effort, making it a compelling choice for consumers. Secondly, digitalization has enabled personalized shopping experiences. E-commerce platforms use data analytics and algorithms to understand consumer preferences and behaviors. This allows for targeted product recommendations, customized promotions, and loyalty programs, enhancing the shopping experience. Consumers can access a vast array of daily products tailored to their specific needs and preferences, which promotes customer satisfaction and brand loyalty.
Moreover, the digital landscape has fostered transparency and price competition. Consumers can easily compare prices, read reviews, and access product information, helping them make informed decisions. This forces sellers to maintain competitive pricing and offer high-quality products to stay relevant in the market. In summary, e-commerce and digitalization are driving daily product market growth by providing unmatched convenience, enabling personalized shopping experiences, and fostering transparency. These factors contribute to the steady expansion of online retail in the daily products sector, reshaping how consumers access and purchase their everyday necessities. Manufacturers and retailers are increasingly leveraging digital platforms to tap into this growing market segment.
However, regulations and compliance exert significant restraint on market growth by imposing stringent standards and requirements on businesses. These regulations, while often designed to ensure consumer safety, product quality, and environmental protection, can pose substantial challenges to industry players. Complying with complex and ever-evolving regulations demands substantial resources, both in terms of time and finances. Meeting these requirements often requires extensive testing, documentation, and adherence to specific manufacturing processes. This slows down product development, increases production costs, and limit innovation.
The daily products market is segmented on the basis of product type, distribution channel, and region. On the basis of product type, the market is classified into personal care, household cleaning supplies, home care and maintenance, health and wellness products, office and stationery supplies, baby and childcare products, and pet supplies. On the basis of distribution channel, the market is classified into supermarkets and hypermarkets, drugstores and pharmacies, department stores, online grocery stores, discount stores, dollar stores, convenience stores, direct-to-consumer (D2C), and others. On the basis of region, it is analyzed across North America (the U.S., Canada, Mexico), Europe (France, Germany, Italy, Spain, the UK, Switzerland, Sweden, Denmark, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Argentina, and rest of LAMEA).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the baby infant formula market include Unilever Plc, Estee Lauder Companies Inc., Shiseido, the Procter And Gamble Company, L'Oreal S.A, Kao Corporation, Avon Products, Inc, ORIFLAME COSMETICS S.A., Patanjali Ayurved Ltd, Johnson And Johnson.
KEY FINDINGS OF THE STUDY
By product type, the personal care processing segment was the highest revenue contributor to the daily products market in 2021, and is expected to grow at a significant CAGR during the forecast period.By source, the supermarkets and hypermarkets segment was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.
By Region, the Asia-Pacific region was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.
Companies Mentioned
- Avon Products, Inc
- Kao Corporation
- The Procter & Gamble Company
- Oriflame Cosmetics Global SA
- The Estee Lauder Companies Inc.
- Patanjali Ayurved Limited
- Johnson & Johnson
- Unilever PLC
- LOREAL S. A.
- Shiseido Company, Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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