Hair Removal Market Size - By Product (Cream, ready to use wax strip & wax, epilators & trimmers and Others), By Body Part, By Demographic, By End-use, By Distribution Channel, By Regions & Global Forecast, 2023 - 2032

Hair Removal Market Size - By Product (Cream, ready to use wax strip & wax, epilators & trimmers and Others), By Body Part, By Demographic, By End-use, By Distribution Channel, By Regions & Global Forecast, 2023 - 2032

Hair removal market size is projected to expand at 5.5% CAGR from 2023 to 2032, led by the increasing beauty consciousness, cultural shifts towards body hair grooming, and the growing acceptance of various hair removal methods. The rising technological advancements, such as laser hair removal and intense pulsed light (IPL) systems are leading to enhanced hair removal effectiveness and safety. For instance, in August 2022, UrbanGabru, a men's grooming brand, introduced India's first painless hair removal spray for men for offering a painless hair removal experience that de-tans and smoothens the skin.

Additionally, the expanding wellness sector along with the strong influence of social media are amplifying the demand for hair removal solutions. The changing fashion trends, especially in clothing styles emphasizing exposed skin is prompting the high availability of a wide range of hair removal products and services for catering to diverse preferences, further complementing the industry growth.

The hair removal market is segregated into product, body part, demographic, end-use, distribution channel, and region.

In terms of product, the industry value from the creams segment is projected to rise at 4.5% CAGR from 2023 to 2032. The growth can be attributed to the ease of use, affordability, and effectiveness of creams in providing a quick and painless hair removal solution. The rising consumer preference for convenient at-home hair removal options and the scaling advancements in formulations are also driving the popularity and adoption of hair removal creams.

Based on end-use, the hair removal industry size from the home use segment is projected to depict 5% CAGR through 2032. This is due to the convenience and privacy offered by at-home hair removal solutions. The rising consumer interest in DIY hair removal options, technological advancements in home-use devices, and the strong desire for cost-effective and time-efficient grooming will fuel the product adoption.

Regionally, the Europe hair removal industry is projected to exhibit 3% CAGR from 2023 to 2032, ascribed to the increasing beauty consciousness, cultural trends emphasizing grooming, and the higher advancements in hair removal technologies. Additionally, the changing fashion and lifestyle trends will drive the demand for hair removal products and services across the region.