Global Growth Opportunities for Hair Removal Products market to grab big Lead by 2025
The global hair
removal products market size is expected to reach USD 3.2 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of
5.5% over the forecast period. Growing awareness about personal grooming,
rise in consumer disposable income, increased spending on personal care
products, and enhanced aesthetic appeal are some of the factors contributing to
the market growth.
Increasing acceptance of hair removal
products among men is also one of the significant factors driving the market.
As per the recent trends, a large number of men are indulging in various
grooming activities, including hair removal. Furthermore, emerging trend of
metrosexual culture has been driving the companies to introduce hair removal
products suitable for men. For instance, Emjoi offers Emagine Epilator
especially for men. This device is equipped with 72 tweezers, along with
shaving and trimming attachments, which makes it a multi-purpose equipment.
Some of
the key players operating in this market are Reckitt Benckiser, Church & Dwight, Procter & Gamble, Philips,
Emjoi, Sally Hansen, VI-John, Nads, Revitol, and Codream.
Browse Research
Report On Hair Removal Products Market:
Electronic
devices are expected to register the fastest CAGR of 6.0% over the forecast
period. Increasing consumer demand for hassle free grooming products, coupled
with technological advancement in every field, is expected to spur up the sales
of electronic devices for hair removal such as epilators. Owing to increasing
demand for quick fix solutions among men and women, companies are focusing on
introducing separate devices for both, considering the nature of their skin.
Further key findings from the study
suggest:
·
By type, electronic devices are
expected to expand at the fastest CAGR of 6.0% from 2019 to 2025 due to
increasing demand for hassle free and quick grooming options
·
The men end user segment in
hair removal products market is expected to witness significant growth in the
next few years due to rising awareness of grooming and hygiene
·
Online retail is expected to
register the fastest CAGR of 6.1% from 2019 to 2025
·
APAC is expected to witness the
fastest growth owing to increasing number of working women looking for quick
hair removal solutions, changing living standards, and rising disposable
income.
The men end user segment is expected to
expand at a CAGR of 5.8% over the forecast period. Application of hair removal
products is gaining significant popularity among men, which, in turn, is
anticipated to drive the global market over the forecast period. Growing trend
of metro sexuality and desire to maintain personal hygiene and grooming habits
are some of the factors expected to pull up the growth of the global hair
removal products market over the forecast period. Women are expected to
dominate the global market on account of rising number of working professionals
who opt for frequent grooming solutions and increasing product launches by the
companies to cater to different skin types. For instance, Veet by Reckitt
Benckiser offers hair removal creams for normal, sensitive, and dry skin.
Online retail is expected to be
the fastest growing distribution channel with a CAGR of 6.1% in the next few
years. Rising penetration of e-commerce platforms and smart devices such as
mobile phones and tablets, along with benefits like easy payment options and
discounts, are the key factors contributing to the growth of this market.
Moreover, increasing preference for online shopping is compelling the
manufacturers to offer their products through various online channels such as
Nykaa, bigbasket, and Amazon in order to cater to the vast consumer base.
Browse Press
Release of this report:
Grand View Research has segmented the global hair removal
products market on the basis of type, end user, distribution channel:
Hair Removal Products Type Outlook
(Revenue, USD Million, 2015 - 2025)
·
Creams
·
Ready-to-use Wax Strips
·
Electronic Devices
·
Razors
Hair Removal Products End User Outlook
(Revenue, USD Million, 2015 - 2025)
·
Men
·
Women
Hair Removal Products Distribution Channel
Outlook (Revenue, USD Million, 2015 - 2025)
·
Supermarkets & Hypermarkets
·
Drugstores
·
Convenience Stores
·
Online
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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