Hair Removal Products Market to Grow with a CAGR of 4.51% through 2028
Increasing disposable income of the individual, and spending health
hygiene together with personal care products are factors driving the global
hair removal products market in the forecast period 2024-2028.
According to the TechSci Research rep ort, “Hair Removal Products Market – Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2018-2028F”, the global hair removal products
market has witnessed remarkable growth in recent years. This growth can be
attributed to a variety of factors, including changing beauty standards,
advancements in technology, and increased awareness of personal grooming. Hair
removal has become an integral part of the beauty and personal care routines of
people across the world.
The hair removal products market has experienced substantial growth,
driven by a combination of changing beauty standards, technological
advancements, increased disposable income, and growing awareness of personal
grooming. As gender-neutral products gain prominence, innovation in product
formulations continues, and convenience remains a priority for consumers, this
market is likely to continue its expansion. Cultural, religious, and
health-related factors further contribute to sustained demand, while influencer
marketing and social media play crucial roles in product promotion. In the
ever-evolving beauty and personal care industry, the hair removal products
market is poised for continued growth and innovation.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Global
Hair Removal Products Market.”
The hair removal products market has witnessed substantial growth in
recent years, driven by changing beauty standards and technological
advancements. However, like any other industry, it is not without its fair
share of challenges. The hair removal products market is dynamic and
ever-evolving, driven by changing consumer preferences, technological
advancements, and emerging beauty trends.
The hair removal products market is continuously evolving to meet the
changing needs and preferences of consumers. The emerging trends, including the
rise of at-home IPL and laser devices, customized solutions, clean ingredients,
sustainability efforts, diversity and inclusivity, men's grooming, and hybrid
techniques, are reshaping the industry. Manufacturers and brands that adapt to
these trends will not only meet consumer demands but also position themselves for
success in a competitive market. As technology advances and consumer
preferences continue to evolve, staying attuned to these trends will be crucial
for continued growth and innovation in the hair removal products market.
The global hair removal products market is driven by a combination of
factors, including changing beauty standards, technological innovations,
increased consumer awareness, and rising disposable incomes. Manufacturers and
brands that understand and adapt to these drivers are better positioned to meet
consumer demands and thrive in this competitive market.
The global hair removal products market is segmented based on type, application,
end user, price, distribution channel and region.
Based on the type, the dominant segment by type in the global hair
removal products market in 2022 was creams. They are gaining more attention in
the market due to their convenience and easy application, as well as their
quick mode of action. Creams are also relatively inexpensive and can be easily
purchased over-the-counter.
Based on region, the market is segmented into North America, Europe,
Asia Pacific, Middle East & Africa, and South America. In 2022, North
America emerged as the dominant player in the global hair removal products
market in 2022, holding the largest market share. Consumers also tend to spend
more on personal hygiene and beauty products due to their high disposable
income and purchasing power, and the region's rising demand for electronic
devices, combined with the industry's rapid development and significant
investments, is further driving the market's expansion. Additionally, fewer
cosmetic goods are treated and applied here than in any other part of North
America.
Major companies operating in the global Hair Removal Products market are:
- Church &
Dwight Co., Inc.
- Reckitt Benckiser
Group plc
- Oriflame Holding
AG
- GIGI
- Venus Concept
- Procter &
Gamble
- Koninklijke
Philips N.V.
- Sally Hansen
- Si & D (Aust)
(Pty) Ltd
- Revitol
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“The Global Hair Removal Products Market has experienced robust growth
driven by evolving beauty standards, technological advancements, and rising
disposable incomes. Changing consumer preferences, the expansion of the men's
grooming segment, and the increasing awareness of hair removal methods have
also contributed to this market's expansion. As consumers seek effective and
personalized solutions, manufacturers continue to innovate, offering a wide
array of products and technologies. With a global reach and a growing online
presence, the hair removal products market is poised for continued growth in
the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Hair Removal Products Market
By Type (Wax Strips, Creams, Epilators, Razors & Blades, Others), By
Application (Face, Body, Other), By End User (Men, Women), By Price (Low,
Medium, High), By Distribution Channel (Supermarkets /Hypermarkets, Convenience
Stores, Beauty & Dermatology Clinics, Online, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of
the hair removal products market globally and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the
market of hair removal products globally.
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