Hair Removal Products Market Research, Key Vendors, Trends Analysis and Regional Forecast To 2028
Hair Removal Products Market, valued at USD 4.02 billion in 2022, is poised for substantial growth in the foreseeable future, boasting a projected CAGR of 4.51% through 2028.
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TechSci Research's latest report, "Hair Removal Products Market – Global Industry Trends, Size, Competition, Opportunities, and Forecast, 2018-2028F," highlights the remarkable recent growth in the global hair removal products market. This surge is fueled by evolving beauty standards, technological advancements, and an increased focus on personal grooming. Hair removal has become an integral aspect of global beauty and personal care routines.
The market's substantial growth results from changing beauty standards, technological advancements, rising disposable incomes, and heightened awareness of personal grooming. As gender-neutral products gain prominence, ongoing innovation in formulations and consumer prioritization of convenience are expected to drive continued expansion. Factors such as cultural, religious, and health considerations contribute to sustained demand, while influencer marketing and social media play pivotal roles in product promotion. Positioned in the dynamic beauty and personal care industry, the hair removal products market is set for ongoing growth and innovation.
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The hair removal products market has grown significantly due to shifting beauty standards and technological advancements. However, challenges persist in this dynamic industry, shaped by evolving consumer preferences, advancing technology, and emerging beauty trends.
Global growth in hair removal products results from changing beauty standards, technological innovations, heightened consumer awareness, and increased disposable incomes. Manufacturers and brands adept at understanding and adapting to these factors are better positioned to meet consumer demands and succeed in this competitive market.
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The global hair removal products market is categorized by type, application, end user, price, distribution channel, and region.
Creams dominated the global hair removal products market in 2022, standing out for their convenience, easy application, and swift effectiveness. Their affordability and widespread availability without a prescription contribute to their popularity.
Regionally, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, North America claimed the leading position in the global hair removal products market, driven by high consumer spending on personal hygiene and beauty products. The region's increased demand for electronic devices, coupled with rapid industry development and substantial investments, further propels market growth. Moreover, the region sees relatively fewer cosmetic treatments compared to other parts of North America.
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· Hair Removal Products Market is expected to grow at a CAGR of 4.51% during the forecast period.
· Hair Removal Products Market has a valuation of US$ 4.02 Billion as of 2022.
· North America currently holds the title of the largest market for Hair Removal Products Market.
· Hair Removal Products Market is witnessing a remarkable surge in demand from online sales channels.
· In terms of type, the cages segment claims the top spot in Hair Removal Products Market share.
· When considering the sales channel, the online retailers segment takes the lead in market share.
· Focusing on the price range, the premium segment secures the highest market share in the Hair Removal Products Market.
Competitive Landscape:
Tech Sci Research provides tailored options for the Global Hair Removal Products market report, allowing customization based on a company's specific requirements. Customization choices include:
Recent Developments
In 2022, Panasonic introduced the ARC6 men's electric shaver, designed for those with thicker stubble resulting from increased remote work. This grooming solution features six ultra-premium blades made from top-grade Japanese stainless steel. A robust linear motor provides 84,000 cross-cutting actions per minute, ensuring an exceptional shave for even the densest beards, thanks to its flexible shaver head.
Also in 2022, Veet launched the Veet Pure range of hair removal creams. This dermatologically tested collection aims to enhance the hair removal experience for consumers. Veet Pure incorporates natural extracts such as Cucumber, Aloe Vera, and Grapeseed Oil, presenting a simplified formula to meet the evolving needs of modern women. It offers a superior, efficient, and pain-free solution for at-home hair removal.
Major companies operating in 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
Market Segmentation for Hair Removal Products Market:
· Hair Removal Products Market, By Type:
o Wax Strips
o Creams
o Epilators Razors & Blades
o Others
· Hair Removal Products Market, By Application:
o Face
o Body
o Other
· Hair Removal Products Market, By End User:
Men
Women
Hair Removal Products Market, By Price:
o Low
o Medium
o High
· Hair Removal Products Market, By Distribution Channel:
o Supermarkets /Hypermarkets
o Convenience Stores
o Beauty & Dermatology Clinics
o Online
o Others
· Hair Removal Products Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Turkey
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Sources of Information
5. Global Dry Shampoo Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Spray, Powder, Foam)
5.2.2. By Function Market Share Analysis (Anit-Dandruff, Color Protection, Hair Loss Protection, Daily Care)
5.2.3. By Distribution Channel Market Share Analysis (Online, Offline)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. Asia-Pacific Market Share Analysis
5.2.4.3. Europe Market Share Analysis
5.2.4.4. South America Market Share Analysis
5.2.4.5. Middle East & Africa Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Dry Shampoo Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Function Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. North America Dry Shampoo Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Function Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. United States Dry Shampoo Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Type Market Share Analysis
6.2.4.1.2.2. By Function Market Share Analysis
6.2.4.1.2.3. By Distribution Channel Market Share Analysis
6.2.4.2. Canada Dry Shampoo Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Type Market Share Analysis
6.2.4.2.2.2. By Function Market Share Analysis
6.2.4.2.2.3. By Distribution Channel Market Share Analysis
6.2.4.3. Mexico Dry Shampoo Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Type Market Share Analysis
6.2.4.3.2.2. By Function Market Share Analysis
6.2.4.3.2.3. By Distribution Channel Market Share Analysis
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