According to the report from Industry Probe, 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.
New York, NY -- (ReleaseWire) -- 02/05/2020 -- According to a new market report published by Industry Probe (http://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.
Rising Demand from Fitness Enthusiasts for Healthy Supplements to Fuel the Market
Rise in disposable income, rapid urbanization, increasing awareness about benefits of detoxification of the body and growing population are anticipated to fuel the global detox products market during the forecast period. From a geographical perspective, North America held majority share in the global detox products market in 2018 followed by Europe and Asia Pacific. As per the report, Asia Pacific region is predicted to show significant growth opportunities for the manufacturers of detox products. Improved standard of living, rise in disposable income, demand from the young population and fitness enthusiasts for healthy supplements are some of the factors responsible for the demand of detox products in developing countries such as India and China.
Growing Awareness Detoxification Products to Drive the Market
Growing awareness about detoxification products and its potential health benefits like improved blood circulation, rejuvenation of the skin, etc. has increased demand for detox products across the globe. The market for detox products is projected to witness a significant growth rate owing to the rise in number of drug addicts, smokers and alcoholics. The reason being detox products have proven to remove toxins from the human body.
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Rapid urbanization, rising disposable income, and growing economies are predicted to encourage healthy lifestyles thereby leading to increase in demand for detox products across the globe. Moreover, improving consumer preference toward health supplement is fueling the growth of the detox products market in the emerging economies.
Capsule Form of Detox Products to Dominate the Market
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.
Individual Segment to Hold Major Share of the Market
In terms of end-use, individual segment acquired major market share of approximately 80% in 2018. The segment is further expected to expand at a CAGR of 9.9% during the forecast period. In terms of distribution channel, the online distribution channel is predicted to be the most attractive segment during the forecast period owing to the inclination of users toward online shopping. Based on region, North America holds majority 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.
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The report says that 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:
- HimalayaGlobal Holdings Ltd.
- NLAfor Her
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About Industry Probe
Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprises syndicated research, strategic consulting & advisory services, competitive intelligence, and full time engagement to bring true & actionable insights into our clients' business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.
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