Global Hair Removal Cream Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hair Removal Cream Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hair removal creams are solutions that can be applied to the skin and help remove unwanted hair from any region of the body. They work by removing dead cells around hairs, opening pores for them to grow back less thick than before, and providing a protective layer on top of the skin while it's exposed to sun or weather conditions. Some ingredients may also irritate because they dissolve hair follicles at the roots but this is not always dangerous since it does not penetrate deeper tissue layers as waxes do.

Market Overview:

The latest research study on the global Hair Removal Cream market finds that the global Hair Removal Cream market reached a value of USD 550.28 million in 2022. It’s expected that the market will achieve USD 740.04 million by 2028, exhibiting a CAGR of 5.06% during the forecast period.

Marketing channel sales will be affected differently

The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to the emergence of COVID-19, the online market witnessed significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some hair removal cream enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects

Company Overview:

Reckitt Benckiser is one of the major players operating in the Hair Removal Cream market, holding a share of 26.59% in 2021.

Reckitt Benckiser

Reckitt Benckiser Group PLC, trading as Reckitt, is a British multinational consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and nutrition products. The company was formed in March 1999 by the merger of British company Reckitt & Colman plc and Dutch company Benckiser N.V.

Church & Dwight

Church & Dwight, Inc., founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda, a natural product that cleans, deodorizes, leavens and buffers.

Segmentation Overview:

Among different product types, Inorganic hair removal cream segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hair Removal Cream market covered in Chapter 3:

Church & Dwight
Skin Doctors Cosmeceuticals
Reckitt Benckiser
Vi-John Group
Revitol
Procter & Gamble
Nads
Sally Hansen
Jolen
Loreal

In Chapter 4 and Chapter 14.2, on the basis of types, the Hair Removal Cream market from 2018 to 2029 is primarily split into:

Organic hair removal cream
Inorganic hair removal cream

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hair Removal Cream market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)