Global Depilatories Products Market Size study & Forecast, by Product (Creams, Waxes, Wax Strips, Razors, Electronic Hair Removal), by End User (Men, Women), and Regional Analysis, 2023-2030

Global Depilatories Products Market Size study & Forecast, by Product (Creams, Waxes, Wax Strips, Razors, Electronic Hair Removal), by End User (Men, Women), and Regional Analysis, 2023-2030

Global Depilatories Products Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Depilatories Products market refers to the industry that focuses on the manufacturing, distribution, and sale of products designed to remove unwanted body hair. Depilatory products offer temporary hair removal solutions without the need for shaving, waxing, or other more invasive methods. The major driving factors for the Global Depilatories Products Market are rising disposable income and rising consumer awareness. Along with this, the rising cosmetics industry and increasing urbanization and westernization are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

The cosmetics industry plays a vital role in shaping beauty and grooming trends. As people increasingly prioritize personal grooming and body care, the demand for depilatory products has grown. These products offer a convenient and relatively painless method for temporary hair removal, aligning with the preferences of modern consumers. Thus rising cosmetics industry is driving the market growth, For instance, according to Statista, in 2020 the revenue for the cosmetics industry was USD 72,366.20 million which is predicted to increase to USD 1,31,041.20 million in 2026. Along with this, according to The World Bank, the rise in world's net national income per capita is growing over the forecast period. In 2016, the World's Net National Income was calculated to be USD 8,423 which has increased up to USD 9,276 in 2019. However, adverse effects and skin sensitivity of Depilatories Products stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Depilatories Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In North America, the Depilatories Products market is well-established, with a significant presence of market players and high consumer awareness. The market is driven by the growing emphasis on personal grooming, beauty standards, and convenience. The United States and Canada are the major contributors to the market in this region. The Asia Pacific region is witnessing significant growth in the Depilatories Products market due to the increasing disposable income, changing lifestyles, and growing urbanization. Countries such as China, Japan, South Korea, India, and Australia are the major contributors to the market. The market growth is also attributed to the rising beauty consciousness among consumers and the popularity of hair removal treatments.

Major market player included in this report are:
Procter and Gamble Co.
Coloris Ltd.
LOreal S.A
Reckitt Benckiser Group plc
Kera-Ban Wax Products
Jolen Inc.
American International Industries
Nads Corporation
Church and Dwight Co., Inc.
Edgewell Personal Care

Recent Developments in the Market:
In March 2022, Nair, the leading hair removal brand in the United States, introduced a new product called Prep & Smooth Face. This innovative one-step formula is specifically designed to assist consumers in removing facial hair effortlessly, while also providing a smooth surface for skincare and makeup application. It is the first face depilatory product that offers additional skincare benefits.

Global Depilatories Products Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Creams
Waxes
Wax Strips
Razors
Electronic Hair Removal

By End User:
Men
Women

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Procter and Gamble Co.
Coloris Ltd.
LOreal S.A
Reckitt Benckiser Group plc
Kera-Ban Wax Products
Jolen Inc.
American International Industries
Nads Corporation
Church and Dwight Co., Inc.
Edgewell Personal Care

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.