In terms of revenue, the Global Menstrual Cup Market is expected to reach USD 957.5 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2028.
The rising number of women population, rising number of government initiatives, and increasing investment in healthcare infrastructure are anticipated to augment the growth of the market during the forecast period.
Key Highlights from Report:
- The reusable Menstrual Cups segment held a significant share in 2021. This is due to the cups' reusability cycle, which varies from one to ten years depending on the brand. Reusable cups are typically composed of medical-grade silicones that are free of irritation and allergies, increasing their popularity among women. Furthermore, reusability and rising demand for environmentally-friendly feminine hygiene products will propel the reusable cup category forward during the projection period.
- The medical-grade silicones segment is projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the increasing demand for safe, durable, and non-allergenic goods that has increased the market share of menstruation cups. Silicone is also hypoallergenic, which means it won't hurt your skin and is quite pleasant; as a result, many companies sell silicone menstruation cups. In addition, as compared to latex and thermoplastic elastomer menstruation cups, these silicone Menstrual Cups are less expensive and non-allergenic. However, due to its cost-effective tooling and ability to be recycled, demand for thermoplastic elastomer as a material for Menstrual Cups is likely to rise during the forecast period.
- Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is due to an increase in the number of initiatives aimed at raising knowledge about the benefits of using Menstrual Cups. As well as an increase in the number of working women in the region is also expected to support the regional growth of the market.
The market is expected to develop due to increased acceptance of menstruation cups and increased awareness of sophisticated feminine hygiene products during the projected period. Menstruation cups also help to reduce odor, hold more blood than pads or tampons, and are moodornitary than pads and tampons. These elements contribute to the market's expansion. These menstruation cups are composed of materials that have been medically graded and investigated, ensuring that they are fully safe to use. During the projected period, the growing requirement for an environmentally friendly Menstrual Cup will help drive the usage of reusable Menstrual Cups. Menstrual Cups, on the other hand, might be messier to use and difficult to insert and remove. Latex Menstrual Cups can sometimes induce allergic reactions, which stifle the market's growth. However, a greater focus on product innovation for feminine hygiene products, as well as unexplored prospects in developing nations, can help the Menstrual Cup industry grow in new directions.
North America held the largest shares in 2021. The expansion of the market in the region is primarily driven by an increase in the number of women in the population and an increase in the demand for environmentally-friendly feminine hygiene products. More than half of all women in the United States are between the ages of 12 and 50, and 70% of them use tampons. Furthermore, increased awareness of the benefits of using a Menstrual Cup and the availability of high disposable income among the female population in North America contribute to the market's growth.