Global Men’s Grooming Products Market –Analysis By Product Type (Haircare, Skincare, Toiletries, Fragrances, Shaving), By Age Group, Sales Channel, Formulation, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)
Executive Summary
The Global Men’s Grooming Products market was valued at USD 57.20 billion in 2021 and is expected to witness moderate but sustained growth with a CAGR of 5.2% during the forecast period of 2023-2028.
Globally, the demand for men's grooming products is rising backed by the need to look presentable and to portray a positive self-image in society. Several companies are focusing on providing unique personal care products with a value proposition for customers in order to address these requirements and aspirations.
Due to their increasing use and popularity in men's hair salons, shaving products are anticipated to dominate the industry. In addition to being marketed separately on numerous retail and online purchasing platforms, the shaving necessities are also available in kits. Young people who are more concerned about how they express themselves with their beard styles are seeing increasing interest for this product.
Global population increase particularly among young adults is anticipated to support the market expansion for men's grooming products. Additionally, expanding consumer awareness of men's grooming items in developing nations is anticipated to fuel market expansion for these goods. Over the forecast period, the market for men's grooming products is anticipated to rise due to the increasing demand for general body care among men brought on by the impact of societal trends.
Scope of the Report
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