The global menstrual cup market is estimated to be valued at US$ 833.18 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Menstrual cups are flexible cup-shaped barrier devices made from medical-grade silicone, latex, or thermoplastic elastomer. They are designed to collect menstrual flow rather than absorbing it, and are worn internally near the cervix. Menstrual cups offer several advantages over pads and tampons including being more affordable in the long run as well as being eco-friendly and sustainable.
Market key trends:
One of the primary trends driving the growth of the menstrual cup market is the increasing demand for organic and natural period care products. More women are switching to organic menstrual cups made from natural materials like silicone, latex or rubber instead of chemical-based plastics. Organic cups are free of toxins, dyes, and chemicals. They are hypoallergenic and safer for sensitive skin. The growing popularity of sustainable menstrual products is fueling the demand for organic cups. Women are preferring cups that are safe, toxin-free and also better for the environment.
Segment Analysis
The global menstrual cup market is segmented on the basis of product type, size, material, distribution channel, and region. Based on product type, the market is segmented into reusable menstrual cup and disposable menstrual cup. The reusable menstrual cup segment dominates the market owing to its eco-friendly nature and negligible waste generation. Reusable menstrual cups can be reused for 10 years, reducing the consumption of disposable sanitary items. Based on size, the market is divided into small, medium, and large. The medium size segment accounts for the largest share as it fits most women. Based on material, the market is classified into medical grade silicone, natural rubber, and thermoplastic elastomer (TPE). Medical grade silicone dominates as it is safe, effective, and sturdy. Based on distribution channel, the market is fragmented into online stores and pharmacies & retailers. The online store segment accounts for the major share due to availability of extensive product range and price comparison.
Key Takeaways
The Global Menstrual Cup Market Size was valued at US$ 833.18 Mn in 2023 and is expected to grow at a CAGR of 5.2% during the forecast period. Factors such increasing awareness about eco-friendly feminine hygiene products and benefits of menstrual cups are driving the market growth.
Regionally, North America dominates the global menstrual cup market and is expected to maintain its lead over the forecast period. This is attributed to rising environmental consciousness and presence of major players in the region. Asia Pacific exhibits the fastest growth rate owing to increasing usage of menstrual cups in countries like China and India.
Key players operating in the menstrual cup market are Blossom Cup, Diva International Inc., Fleurcup, Intimina, Jaguara, S.R.O., Lune Group Oy Ltd., Lena Cup, Mooncup Ltd., Me Luna Gmbh, Saalt, Llc, Sterne, The Flex Company, and Yuuki Company S.R.O. Major players are adopting strategies like new product launches, mergers, acquisitions, collaborations & partnerships to gain competitive edge in the market. For instance, in 2021, Diva International Inc launched a new Diva Cup Model 0, specifically designed for younger users.
Read More: https://www.ukwebwire.com/menstrual-cup-market-size-share-and-growth-forecast-2023-2023/
Comments
0 comment