Male Grooming Products Market is Expected to Exhibit CAGR Of 6.00% During The Forecast Period

Our research shows that the global male grooming products market, valued at approximately USD 55 billion in 2021, will grow at a CAGR of 6% from 2022 to 2030 and reach around USD 110 billion by 2030. The report examines the grooming products market’s drivers and restraints, as well as their impact analysis. Also, the report mentions global opportunities prevailing in the Male Grooming Products market.

Overview

Male Grooming Products includes a wide-ranging category of products, from skincare to hair care to shave care. Constant innovations as well as development in numerous grooming products, for instance, hair spray, beard wax, hair perfumes, and hair wax, are offering prospective growth opportunities to the market players.

Browse the full “Male Grooming Products Market Size, Share, Growth Analysis Report By Product (Hair Care, Skin Care, Fragrances, Others), By Distribution Channel (Online, Offline), By Application (Supermarket/Hypermarket, Convenience Stores, Pharmacy, E-commerce, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2023–2032″report here.

E-commerce Drives Male Grooming Sales

The demand for Male Grooming Products is witnessing a high growth worldwide owing to growing beauty awareness among men. Further, increasing demand for toiletries and shaving products is propelling the demand for Male Grooming Products. Awareness concerning cleanliness and personal hygiene is another significant factor boosting the market growth. Moreover, the availability of a wide variety of these products online is accelerating the demand. The e-commerce platform further provides various offers on these products, which is boosting online sales.

Segmental Overview

The market for Male Grooming Products is segmented into product and distribution channels. Based on product, the market is categorized into fragrances, skincare, haircare, and others. The skin care segment is expected to notice a high CAGR. Products, including facewash, moisturizers, and body wash are driving the demand. The booming e-commerce sector worldwide will drive the e-commerce segment to grow at a high CAGR based on distribution channels.

Regional Overview

Europe is estimated to dominate the Male Grooming Products market in 2021. However, the Asia Pacific region is anticipated to grow at a high CAGR during the forecast period. The high disposable income and rising awareness regarding personal hygiene and appearance among men are influencing the market growth. The presence of a high youth population in the economies of Asia Pacific is a significant factor influencing the market.

Key Players Insights

There are numerous players operating in the Male Grooming Products market, which influences the overall pricing strategy of the product, according to prevailing market conditions. The manufacturers are highly focused on the introduction of new products and a shift towards organic and sulfate-free products is witnessed. The presence of a robust supplier base coupled large customer base results in high competition in the market.

Some of the prominent players

• Procter and Gamble
• ITC
• Coty Inc.
• Edge well Personal Care Co.
• L’Oréal Group

About Us

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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