Global Men's Grooming Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Men's Grooming Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Men'S Grooming Products include all aspects of maintaining healthier, younger looking skin.

Market Overview:

The latest research study on the global Men's Grooming Products market finds that the global Men's Grooming Products market reached a value of USD 30306.67 million in 2022. It’s expected that the market will achieve USD 36673.86 million by 2028, exhibiting a CAGR of 3.23% during the forecast period.

Drivers

Advances in electric shaver technology have made them very convenient and efficient to use, driving the demand for the regional electric shaver market. The hybrid razor is a unique combination of trimmers and razors that offer additional practicality and are eagerly welcomed by the average customer. Consumers also choose electric shavers using lithium-ion technology. Compared to traditional razors on the razor market, aluminum foil razors provide a more viscous shave and are perfectly designed to remove hair along a tough contour. In addition, metal foil razors are easier to use on the skin and are therefore very popular among consumers in the razor market.

Restraints

One of the biggest drawbacks of an electric razor is the fact it can’t put in a close shave compared to the classic open razor. Only open razors can provide the smoothest shave. This is actually the primary reason why a lot of men pay a small fortune for expert barbers to give them an open razor shave. another disadvantage to an electric razor is the battery power. You might have the best razors you can purchase yet still struggle to make use of it if its battery charge is depleted.

Opportunities

With the development of the Internet with animal networking technology, products have traditional off-line sales converted into a variety of mobile online sales, consumers can buy the full range of products they need online. With the increase of Internet users, the number of users of Amazon platform and Taobao platform has increased, which has driven the development of the electric shaver market.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The Procter & Gamble Company is one of the major players operating in the Men's Grooming Products market, holding a share of 21.53% in 2023.

The Procter & Gamble Company

The Procter & Gamble Company is an American multinational consumer goods corporation headquartered in downtown Cincinnati, Ohio, founded in 1837 by English American William Procter and Irish American James Gamble.

Philips

Koninklijke Philips N.V. is a Dutch multinational conglomerate corporation headquartered in Amsterdam, one of the largest electronics companies in the world, currently focused in the area of healthcare and lighting.

Segmentation Overview:

As for product types, the Facial Razors and Trimmers segment held the largest market share in 2022.

Application Overview:

By application, the Online Retail Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Men's Grooming Products market covered in Chapter 3:

BaByliss
Conair Corporation
BicWorld
Edgewell Personal Care
DORCO
Panasonic Corporation
Spectrum Brands Holdings, Inc.
The Procter & Gamble Company
Lord
Philips

In Chapter 4 and Chapter 14.2, on the basis of types, the Men's Grooming Products market from 2018 to 2029 is primarily split into:

Facial Razors and Trimmers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Men's Grooming Products market from 2018 to 2029 covers:

Departmental Stores
Supermarket & Hypermarket
Drug Stores
Online Retail Stores
Others

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)