Dallas, Texas (PRWEB) March 06, 2013
Sales of over-the-counter oral care products reached $4.9 million in 2012, up 2.2% from 2011 sales, according to Oral Care Products in the U.S., 8th Edition. By 2017, the report projects that retail sales of oral care products will approach $6 billion, reflecting a compound annual growth rate of approximately 4%.
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.
Marketers looking to spur sales in several categories have also had success with “product suites,” groupings of products presented as a complete oral care package, which encourage 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.
Oral Care Products in the U.S., 8th Edition examines the market for oral care products within the context of broader HBC market trends in new product development and marketing. The major categories covered are
To fully address the forces driving this market, Oral Care Products in the U.S. presents not only market sizing and sales data, new product introductions, and market positioning strategies, but also the lifestyle patterns and the financial, social, and governmental and regulatory context that frames the success of products within the retail oral care market.
Although use of most oral care product types has remained relatively steady over the past five years, consumer concern about the state of their oral health has notched down in the recession and its wake—a factor that oral care marketers must address to protect sales from similar slippage. According to Experian Simmons data, the percentage of adults who agree with the statement, "I am concerned about the health of my teeth and gums," dropped from 64.0% in 2008 to 60.6% in 2012.
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 under served 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.
This report draws on Experian Simmons consumer survey data to provide a detailed look at category, segment, and brand penetration levels, and on SymphonyIRI InfoScan Review retail sales data to quantify mass market, marketer, and brand shares across the product categories. Marketer and brand analyses are also included to track the relationship between consumer attitudes, product development, and sales success.
Buy a copy of report @ http://www.reportsnreports.com/purchase.aspx?name=224711.
ReportsnReports.com is an online market research reports library of 200,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.