The Public Health Foundation of India recently announced the launch of a new initiative for community-focused oral health research ensuring equity and named the efforts Project CORE. The key partners in this project are Jamia Millia Islamia University, University College London, Jan Swasthya Sewa Sansthan, Queen Mary University of London, and oral health experts. This CORE initiative aims at establishing sustainable oral health research capacity in India by collaborating with local and international institutions and reducing inequalities in oral health services. The PHFI research team was honored by the National Institute for Health and Care Research, UK, for improving health outcomes and supporting the health systems to address oral health issues among the population. This project aims to enhance the affordability and accessibility of oral health services, and it has expanded the pilot projects in Delhi, Gujarat, Haryana, and Rajasthan to understand the potential causes of oral health inequalities.
Oral Care Market Size
Precedence Research’s report forecasts the global oral care market size was USD 44.57 billion in 2023 and is expected to reach over USD 76.14 billion by 2033, poised to grow at a CAGR of 5.5% from 2024 to 2033.
Colgate-Palmolive is the leading and most innovative company focusing on improving the oral health of people all over the world. This company holds qualities such as good business governance and team leadership, and it is committed to responsible sourcing, ingredient safety, no deforestation, respect towards human rights, and sustainable sourcing of palm oils. In 2023-2024, Colgate-Palmolive launched its superior products like toothpaste and toothbrushes and relaunched Colgate Strong Teeth Toothpaste with a refreshed formula. The Colgate Strong Teeth Toothpaste is enriched with a unique Arginine Technology that boosts calcium. The new Colgate Active Salt helps people tackle oral care problems and gives them the benefits of salt to make teeth stronger. Besides this, the Colgate Super Junior range of toothbrushes for kids was relaunched after 7 years with new products, pricing, and packaging strategies. Additionally, Colgate Visible White O2 formulation is enriched with fresh flavor and whitening technology, and Colgate Total Sensitive Toothpaste is enriched with Zinc and Arginine Technology and consists of a special type of Silica and anti-sensitivity benefits offering whole mouth protection. Apart from oral care products, the company launched oral beauty products such as Visible White Teeth Whitening Pen – Professional, Periogard Regimen, and Palmolive-body wash variants.
The Colgate–Palmolive sets a target to reduce one-third of new plastics in 2019 and make all of its packaging recyclable, reusable, and compostable by 2025. It also aims to achieve net zero water or water resilience at its manufacturing sites or water-stressed areas by 2025 and across all sites by 2030. It sets the mission to achieve net zero carbon emissions by 2040 and 100% renewable electricity for its global operations by 2030. Its goal is to achieve 100% zero waste operations by 2025. Moreover, Colgate Bright Smiles, Bright Futures is an oral health and well-being initiative, and approximately 1.7 billion children and their families in more than 100 countries have benefited since the establishment of this program in 1991. Since 2002, Hill’s Food, Shelter, and Love Program has provided benefits to more than $300 million in pet food to more than 1,000 pet shelters and has offered help to more than 14 million pets in finding their new homes across North America.
Share Repurchase Activity of the Colgate–Palmolive Company in 2023
| Month | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs |
| October 1 through 31, 2023 | 791,784 | $ 71.01 | 761,912 | $ 3,041 |
| November 1 through 30, 2023 | 385,842 | $ 75.82 | 380,200 | $ 3,012 |
| December 1 through 31, 2023 | 1,707,326 | $ 78.16 | 1,696,952 | $ 2,879 |
| Total | 2,884,952 | $ 75.89 | 2,839,064 |
APAC Oral Care Market Size
The Asia Pacific oral care market size was USD 18.78 billion in 2023 and is predicted to grow around USD 33.12 billion by 2033, with a remarkable growth to USD 19.88 billion in 2024 expanding to a CAGR of 5.8% from 2024 to 2033.
According to the 2023 Annual Colgate–Palmolive Company Report, recyclable toothpaste tubes are available in more than 50 countries. The net sales by market maturity were 55% for developed markets and 45% for emerging markets. By geographic region, the net sales accounted for 20%of North America, 24% of Latin America, 14% of Europe and Asia Pacific, 6% of Africa/Eurasia, and 22% of Hill’s Pet Nutrition. It was a 19% increase in advertising spending in 2023. The company expects higher levels of brand investments in 2024. Net and organic sales grew 8.5%with organic sales growth in every division, the operating cash flow increased by 47% in 2023, and the company completed 61 consecutive years of dividend increase.
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