Boston, MA -- (SBWIRE) -- 06/18/2014 -- Deodorants prove to be resilient to the recession, as they are considered staples. Although brand loyalty remains stronger in comparison to other personal care products, ever more Greeks are on the lookout for discounts, willing to stock products once they find an attractive promotion. Consumers are increasingly opting for unisex products, with men's deodorants performing worse that the market average.
Elais-Unilever Hellas SA maintained its leadership of deodorants in Greece during 2013, with a value share of 30% although its market share declined in comparison to the previous year. Axe and Dove enjoy top-five ranking in value share terms, while the company invests heavily in its promotion and advertising in order to keep prime positioning. Seasonal offers and discounts are also employed as a promotional tactic.
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In view of their status of commodities, deodorants will remain resilient to the recession also over the forecast period. On both gender fronts, consumers are increasingly opting for more effective products to respond to higher levels of hygiene and comfort. Long lasting protection will therefore remain important, but increasingly more consumers will also look for products with milder formulas, like parabens-free or aluminium-free.
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The Deodorants in Greece market research report includes:
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