Research Nester released a report titled “Menstrual Cups Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global menstrual cups market in terms of market segmentation by product, by material, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Menstrual cups market is estimated to record a significant CAGR of around 5% during the forecast period, i.e., 2019-2027. The market is segmented by product, by material, by distribution channel and by region. Based on product, the market is further bifurcated into reusable and disposable menstrual cups, out of which, the reusable menstrual cups are estimated to hold the largest market share during the forecast period. This can be attributed to the rising demand for reusable menstrual products which reduce the amount of non-biodegradable waste generated. Other menstrual products are usually made up of plastic and hence take years to decompose, thereby resulting in an increased demand for reusable menstrual cups in the market.
The market in North America is anticipated to hold the largest share in menstrual cups market on account of increasing expenditure on healthcare by the population. For instance, data on Global Health Expenditure by WHO suggested that the health expenditure in United States was 16.5% of the GDP in 2014 and it increased to 17.07% of the GDP in the year 2016. Additionally, the increasing awareness among women about menstrual hygiene management is estimated to boost the market growth in this region. The market in Asia-Pacific is anticipated to grow at the highest rate during the forecast period as a result of increasing initiatives about menstrual health and hygiene promoting awareness among women.
Rising Demand For Cost-Effective Menstrual Products To Support The Market Growth
Reusable menstrual cups are increasingly being preferred by women over other menstrual hygiene products since they need to be bought only once and they last for several years. Menstrual cups are much more affordable than sanitary pads or tampons as a result of this. This factor is estimated to increase the growth of menstrual cups market during the forecast period.
However, the cultural restraints that prevent women from using menstrual cups is anticipated to become a limiting factor for the market growth.
This report also provides the existing competitive scenario of some of the key players of the global menstrual cups market which includes company profiling of Lunette, Diva International Inc., The Keeper Inc., Mooncup Ltd, Anigan, Me Luna, YUUKI Company s.r.o., Femcap Inc., Blossom Cup and Lena Cup. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global menstrual cups market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.