As the usage of feminine hygiene products continues to increase worldwide, researchers are making predictions on how much money the increase could spawn.
According to a new report from Persistence Market Research, a third-platform research firm in New York, the global feminine hygiene market is expected to grow 7.2 percent over the next eight years and be worth $35.2 billion by 2024.
Sanitary napkins and pad products are expected to grow the most and be valued at $16.8 billion.
Experts are attributing much of the growth to the adoption of feminine hygiene products in developing countries as they continue to gain popularity. Countries in South Asia are expected to post a high increase over the next eight years since they dominated the market in 2015. Additionally, feminine hygiene products are becoming more available and affordable, which the study predicts will also contribute to the industry’s growth.
To view the whole report, click here.
Senior Writer
As a Senior Writer for TriMed Media Group, Katherine primarily focuses on producing news stories, Q&As and features for Cardiovascular Business. She reports on several facets of the cardiology industry, including emerging technology, new clinical trials and findings, and quality initiatives among providers. She is based out of TriMed's Chicago office and holds a bachelor's degree in journalism from Columbia College Chicago. Her work has appeared in Modern Healthcare, Crain's Chicago Business and The Detroit News. She joined TriMed in 2016.