Increased Environmental Concerns of Menstrual Cup

Posted 2024-01-08 14:22:31

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 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: Menstrual cups are reusable, economical and environmentally friendly in the long run. They can be worn for longer duration of up to 12 hours. Several medical organizations endorse menstrual cups for their effectiveness and advantages over other feminine hygiene products.

Weakness: Initial cost of menstrual cup is higher compared to pads and tampons. There is a learning curve involved to get used to cup insertion and removal process. Some women may find it difficult to use due to lack of awareness.

Opportunity: Growing female population worldwide along with increasing awareness about benefits of menstrual cups present significant growth opportunities. Rise in discretionary spending contributes to sales growth. Expanding retail distribution channels aid market accessibility.

Threats: Presence of substitute products poses threat to market demand. Risks of toxic shock syndrome from improper hygiene also impact sales. Social stigmas and cultural inhibitions in some regions curb market potential.

Key Takeaways

The Global Menstrual Cup Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regionally, North America dominates the market currently due to presence of major players and higher acceptance of feminine hygiene products. Asia Pacific region is expected to offer lucrative opportunities going forward backed by rapidly growing female population and rising per capita incomes in developing nations.

Key players operating in the menstrual cup market are Anhui Fortune Fashion Culture Co. Ltd., Henan Ruimei Hair Products Co. Ltd., Qingdao Urjoy wigs co.Ltd., Shake-N-Go Fashion, Inc. Yuzhou Shenlong Hair Products Co. Ltd., and Xuchang Dadi Industries Co. Ltd. Major players are focused on new product development and launches to consolidate their market positions.

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