Global Men’s Grooming Products market, which garnered revenue worth 56.2 (USD Billion) in 2019, will register a CAGR of over 5.8% during the period from 2020 to 2026.
Men’s Grooming Products Market
The global Men’s Grooming Products market, which garnered revenue worth 56.2 (USD Billion) in 2019, will register a CAGR of over 5.8% during the period from 2020 to 2026. The report offers assessment and analysis of the Men’s Grooming Products market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Details of the Report:
2017 and 2018
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026
By Distribution Channel, By Product Type, and By Region
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa
Men’s grooming products includes myriad items such as shampoos, moisturizers, hair care, skin care, deodorants, shaving creams, colognes, concealers, bronzers, serums, and shave care. The key reason for grooming is to maintain body cleanliness and hygiene of the body parts. These products are used for not only enhancing the outer appearance but also for the men to look attractive & pleasant as well as cheerful and lively.
Market Growth Dynamics
Escalating awareness among the consumers on personal appearance is anticipated to embellish the market expansion over the forecast timespan. Additionally, swift breakthroughs in myriad grooming services like beard wax, hair spray, and hair perfumes will provide humungous growth avenues to the market over the forthcoming years. Thriving ecommerce activities across the globe will embellish the market trends over the forecast timespan.
In addition to this, growing media penetration and growing need for having appealing looks or facial appearance will prop up the market growth over the forecast timeline. Massive demand for anti-aging creams, moisturizers, scrubs, and whitening screams will propel the business trends. Apparently, increase in the per capita income will prompt the market expansion over the forthcoming years.
Asia Pacific To Account Remarkably Towards Overall Market Revenue By 2026
The growth of the market in the Asia Pacific zone during the period from 2020 to 2026 is credited to growing urbanization in the countries like India, Thailand, China, and Indonesia. Apart from this, rising awareness about beauty along with increase in the promotion of beauty products as well as personal care & cosmetic products on television, print media, and internet will drive the regional market trends. Increase in the number of retail outlets like hypermarkets & supermarkets as well as online shopping will enlarge the business scope in the Asia Pacific zone within next few years.
Furthermore, surge in the usage of skin enhancing cosmetics, facials, body shaving creams & products, and hair dyes & colors will create new growth avenues for the men’s grooming products business in the Asia Pacific zone in the years ahead.
Key players profiled in the report include Colgate-Palmolive Company, Beiersdorf AG, Johnson & Johnson Consumer Inc., Procter & Gamble Co., and L'Oréal SA.
The global men’s grooming products market is segmented as follows:
By product Type:
By distribution channel:
Escalating awareness among the consumers on personal appearance is anticipated to embellish the market expansion by 2026.
The CAGR of the industry is expected to be nearly 5.8% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Beiersdorf AG, Procter & Gamble Co., Colgate-Palmolive Company, Johnson & Johnson Consumer Inc., and L'Oréal SA.