The primary
market segmentation is the differentiation between the household products and
the personal care products. Household products account for 25.4% of the
international market share, while personal care products account for 74.6%.
The household
products and personal care markets are then subdivided. Both markets are segmented
by the amount of different types of products sold.
The household
products is segmented into six different product types. These six segmentations
make up the 25.4%. The first is laundry detergent, which accounts for 32.2%.
The second is general-purpose cleaners making up 7.7% of the market share. The
next is dishwashing products holding 7.3% of the market. These are followed by
air fresheners accounting for 4.5% and toilet care at 2.5%. The last and
largest segmentation, accounting for 45.8% of the market are classified as
other products.
The personal
care products segmentation accounts for 74.6% of the market share for the
entire international industry, which is obviously a vast majority. This market
is also subdivided into six different product types. The first is
over-the-counter healthcare accounting for 27.5%, which is then followed by
skincare at 16.9% of the market. These are followed by hair care products,
which account for 10.5%. The next two are fragrances making up 7.8% of the
market and make-up accounting for 7.4%. Also like the household products market
segmentation, products identified as other hold the largest market share of
personal care products at 29.9%.
Another method for evaluating the market of this industry is to analyze various regions of the world and how much of each of these products they consume. Europe represents the largest share of the market at 34.4%. The next largest consumer of these goods is the Americas accounting for 29.4% of the industry’s market. The Asia-Pacific region closely follows with 29.3%, which leaves 6.9% to the rest of the world.
Sources:
http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=d8275404-5467-4704-836b-1b4f288688df%40sessionmgr4&vid=2&hid=9
http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=015b7ad7-0054-46a3-aa1e-f1491eb9f7d8%40sessionmgr12&vid=2&hid=104
http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=423d4ffe-a198-46af-b7fe-9f70113468c2%40sessionmgr14&vid=2&hid=104
what does this tell you about the industry?
ReplyDeleteI am actually really surprised that personal products are far more prevalent than household products. I would've thought it would be the other way around. I curious as to why in market breakdown for both products, other is so big. I kind of wonder what those products entail.
ReplyDeleteI am also really surprised that personal products are far more prevalent than household products. I thought that the international market was equally divided between household and personal care products.
ReplyDelete