Colgate-Palmolive Company – Company Overview and Analysis, 2023 Update
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Colgate-Palmolive Company Overview
Colgate-Palmolive is an American multinational manufacturer of consumer products. It manufactures and sells oral care, personal care, home care, and pet nutrition products. It markets products under a variety of well-known brands such as Colgate, Palmolive, Elmex, Protex, AJAX, Axion, Fabuloso, Suavitel, Hill’s Prescription Diet, Hill’s Science Diet, and Afta, among others.
The “Colgate-Palmolive – Company Overview and Analysis, 2023 Update” report is based on market analysis and brand diversification by industry and geography. The report will help in understanding the challenges and opportunities for the company to tap into what is impacting the industry. It also gives access to valuable strategic take-outs to help direct future decision-making and inform new product development.
Key Sectors | · Cosmetics & Toiletries
· Baby care · Consumer Health · Pet Care · Household Products |
Key Regions | · West Europe
· Asia · North America · Middle East and North Africa · Australasia · Africa · Latin America · East Europe |
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Colgate-Palmolive Company Analysis by Sectors
The major sectors in which Colgate-Palmolive deals are cosmetics & toiletries (C&T), baby care, pet care, consumer health, and household products. Colgate-Palmolive had a major presence in the C&T industry in 2022, followed by the pet care industry.
The C&T industry is forecast to record significant growth by 2027. The growth will be spurred by the rising consumer health & hygiene awareness. To expand the market share in the C&T industry Colgate-Palmolive has been re-energizing its core businesses with improved product formulation and packaging.
Colgate-Palmolive Company Analysis by Sectors, 2021 (%)
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Colgate-Palmolive Company Analysis by Regions
Colgate-Palmolive has a diversified geographical presence across Asia, North America, West Europe, the Middle East and North Africa, Australasia, Africa, Latin America, and East Europe. North America was the largest revenue-generating region for the company in 2022. The US undoubtedly was the leading market for the company in the same year.
To gain a competitive edge in the market, Colgate-Palmolive is making strategic partnerships. The company is focusing more on innovations that improve user experience. For instance, in September 2022 the company partnered with Perfect Corporation, a fashion and beauty tech solutions provider, and launched AR AR-powered tooth whitening pen. It provides users virtual experience before the results, thereby making consumers’ journey more fulfilling.
Colgate-Palmolive Company Analysis by Regions, 2022 (%)
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Colgate-Palmolive - Top Themes
The major themes in which Colgate-Palmolive is investing are direct-to-consumer, health & wellness, ESG, Artificial Intelligence, and e-commerce.
Artificial Intelligence: In September 2022, Colgate-Palmolive partnered with Perfect Corporation. Perfect Corporation, is an AI and AR fashion & beauty tech company to launch an AR-simulated optic teeth whitening pen. The product allows consumers to have an instant view of the use of the product. By integrating AI technology in its products Colgate-Palmolive aims to target experimental consumers.
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Scope
• Colgate-Palmolive has a diversified geographical presence worldwide_x000D_
• All regions globally to present favorable market conditions for C&T industry during the forecast period_x000D_
• The Americas, Asia, and West Europe to remain key regions for Colgate-Palmolive_x000D_
• Colgate-Palmolive saw a decline in sentiment score in July 2022
Key Highlights
- Colgate-Palmolive has a diversified geographical presence worldwide.
- All regions globally present favorable market conditions for the C&T industry during the forecast period.
- The Americas, Asia, and West Europe remain key regions for Colgate-Palmolive.
- Colgate-Palmolive saw a decline in sentiment score in July 2022.
Reasons to Buy
- Understand the challenges and opportunities for a specific company to tap into what is impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Table of Contents
Frequently asked questions
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Which was the highest revenue-generating sector for Colgate-Palmolive in 2022?
C&T was the highest revenue-generating sector for Colgate-Palmolive in 2022.
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Which region led Colgate-Palmolive’s business in terms of brand sales in 2022?
North America led Colgate-Palmolive’s business in terms of brand sales in 2022.
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What are the major themes in which Colgate-Palmolive is making investments?
The major themes in which Colgate-Palmolive is investing are direct-to-consumer, health & wellness, focus on ESG, adoption of Artificial Intelligence, and developing digital capabilities for e-commerce.
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