Hair Removal Spray Market Size, Share, Growth, Trends, and Forecast, 2030

Hair Removal Spray Market

Hair Removal Spray Market Analysis By Type(Women Use, Men Use, Unisex Use), By Application(Online, Offline), and By Region: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6886 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 4,300.56 million USD 5,836 million 3.89% 2022

Description

The global hair removal spray market size accrued earnings worth approximately USD 4,300.56 Million in 2022 and is predicted to gain revenue of about USD 5,836 Million by 2030, is set to record a CAGR of nearly 3.89% over the period from 2023 to 2030.

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Global Hair Removal Spray Market: Overview

The global market for hair removal spray is expected to expand at a CAGR of 3.9% during the forecast period. Hair removal spray is a sort of lotion that aids in the eradication of unsightly body hair. For the most part, waxing and threading are considered unpleasant methods of hair removal. Even shaving takes up a lot of time for consumers, thus it is not regarded as a favored method of hair removal. A hair removal spray gained popularity among ladies in this way. Not only does hair removal spray save time, but it also saves a lot of work.

Global Hair Removal Spray Market: Growth Factors

The global hair removal spray market is growing at a rapid rate. Hair removal spray is in high demand due to rapid changes in lifestyle and the rising influence of hygiene products & personal care products. The rising popularity of beauty goods, as well as the growing desire for attractiveness, are having a stronger influence on personal care products, which is propelling the hair removal spray market even further. In addition to this, hair removal spray is most prominent among women, but it is increasingly becoming more popular among men. Both men and women have been affected by rising beauty consciousness and attractiveness and this, in turn, is driving the market for hair removal spray. Further, increased demand for hair removal spray prompted manufacturers to develop new products or add new features. Key players are focusing on the low to high-income class thereby manufacturing hair removal spray at an affordable price.

Also, an increase in disposable income in developing countries has led to rise in purchasing power on personal care products such as hair removal spray. Also, rising prices of beauty salons have led to increase in the adoption of hair removal sprays. All these factors are fostering market growth. Furthermore, a rise in e-commerce sales of the product with favorable marketing strategies is likely to boost the global hair removal spray market during the forecast period. However, growing inclination towards natural or organic products may impede the growth of the global hair removal spray market.

Like many other industries COVID-19 pandemic severely affected the growth of the worldwide hair removal spray market. Key factors accountable for the slow growth of the market during the pandemic period include the shortage of products in local outlets, retail shops, and supermarkets. This is due to the halt in the manufacturing process, logistic restrictions, and labor shortage. Besides, many people focused on spending on essential products during the pandemic period which is also affected the sale of hair removal spray.

Hair Removal Spray Market: Report Scope

Report Attributes Report Details
Report Name Hair Removal Spray Market
Market Size in 2022 USD 4,300.56 Million
Market Forecast in 2030 USD 5,836 Million
Growth Rate CAGR of 3.89%
Number of Pages 212
Key Companies Covered GiGi, Veet, Elite, Nair, Sally Hansen, Bliss, LCM laboratory, Kalo, Epil-Stop, Nad, and others.
Segments Covered By Application, By Type, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Hair Removal Spray Market: Segmentation

The global hair removal spray market is classified based on type, application, sales channel, and region. Based on type, the hair removal spray is split into women, men, and unisex. The application segment is categorized into spa & salon, household, and others. The sales channels involved in the hair removal spray market include online, multi-brand stores, specialty stores, and hypermarket/supermarkets.

Global Hair Removal Spray Market: Regional Analysis

The presence of a significant number of young people in Asia Pacific is likely to drive considerable development in the worldwide market. This is also expected to an increased usage of hair removal products in the region over the forecast period. The region's phenomenal expansion in the customer services industry, which includes delivery, healthcare, sales, beauty clinics, and other activities, has increased consumption. This is owing to a big number of businesses enforcing a stringent set of personal grooming guidelines, which includes keeping their hair short on their bodies. Europe is projected to dominate the global hair removal spray market with the largest usage of hair removal products. This is primarily attributed to high living standards, large spending power, and easy product availability through the vast network of supply chains.

Global Hair Removal Spray Market: Competitive Players

  • GiGi
  • Veet
  • Elite
  • Nair
  • Sally Hansen
  • Bliss
  • LCM laboratory
  • Kalo
  • Epil-Stop
  • Nad

In Jan 2022, Nair, a hair removal brand, has revealed its entry in India. In addition to their hair removal creams, the business wants to expand its multi-benefit, blade-free, hair removal product portfolio in India, offering charcoal wax, hair removal sprays, and wax strips.

Global Hair Removal Spray Market: Regional Segment Analysis

 

By Type

  • Women Use
  • Men Use
  • Unisex Use

By Application

  • Online
  • Offline

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Hair removal spray is in high demand due to rapid changes in lifestyle and the rising influence of hygiene products and personal care products. The rising popularity of beauty goods, as well as the growing desire for attractiveness, are having a stronger influence on personal care products, which is propelling the hair removal spray market even further.  Furthermore, rise in e-commerce sales of the product with favorable marketing strategies is likely to boost the global hair removal spray market during the forecast period.

GiGi, Veet, Elite, Nair, Sally Hansen, Bliss, LCM laboratory, Kalo, Epil-Stop, and Nad are some of the dominant players that are operating in the global hair removal spray market.

The presence of a significant number of young people in Asia Pacific is likely to drive considerable development in the worldwide market. This is also expected to increased usage of hair removal products in the region over the forecast period. The region's phenomenal expansion in the customer services industry, which includes delivery, healthcare, sales, beauty clinics, and other activities, has increased consumption. This is owing to a big number of businesses enforcing a stringent set of personal grooming guidelines, which includes keeping their hair short on their bodies.

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