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Men's Grooming Products Market by 2024: Johnson & Johnson Private Limited, Koninklijke Philips N.V., ITC Limited, Coty Inc., Unilever PLC., Colgate-Palmolive Company and Edgewell Personal Care Co.

06-17-2019 12:31 PM CET | Fashion, Lifestyle, Trends

Press release from: Persistence Market Research

Men's Grooming Products Market

Men's Grooming Products Market

With nearly 40% revenue share, Europe will continue to remain the most attractive market for men’s grooming products. Germany, France, and the UK remain the top three markets, collectively accounting for over half of the revenue share of the Europe men's grooming products market. North America, the second largest market globally, will rake in US$ 29 Bn in revenues by 2024. In terms of market value, the US$ 54 billion global market for men’s grooming products will expand at a CAGR of 8.4% through 2024.

Accordingly, acquisition of such native players will be a strategic measure of expanding market presence for global leaders in consumer goods.

Johnson & Johnson Private Limited,
Koninklijke Philips N.V.,
ITC Limited, Coty Inc.,
Unilever PLC.,
Colgate-Palmolive Company and Edgewell Personal Care Co.

Key Regional Findings

In North America, shave care products and fragrances will be the top-selling men’s grooming products
The market in Asia Pacific will continue to post steady gains on account of rapidly growing sales in China
Persistence Market Research’s study on the global men’s grooming products market has been compiled in the report titled “Global Men’s Grooming Products Sales Estimated to Reach US$ 104,199.2 Million by 2024 End; Europe’s Revenue Share to Remain Dominant.” Personalized shopping through e-commerce outlets has been identified as a key driving factor men’s grooming products globally. Increasing FDI in e-tailing businesses is further urging manufacturers of men’s grooming products to intensify their distribution operations through online retail channels. Easy accessibility and low costs are key factors for the rising men’s grooming products sales through e-commerce and online retail websites. Over the forecast period, online distribution channels will give rise to an absolute increment of more than US$ 12 billion. Nevertheless, sales of men’s grooming products through supermarkets and independent retail outlets remain key for companies looking to improve their sales potential by catering to impulsive buying and focusing on customer rapport.

Product Insights: Beard is in Vogue

Globally, the sales of men’s shave care products such as trimmers will be way higher than any other types of grooming products. Being the highest-selling products in the global market, consumption of men’s shave care products will be valued at over US$ 40 billion by the end of 2024. Subsequently, men’s grooming products sales under fragrances will account for nearly 35% of the global market over the projected period. Hair care products sales will register a market value share of about 10%, while the demand for men’s toiletries will be pared down as compared to the above types of grooming products.

Pricing Trends and Vendor Landscape

Higher disposable incomes don’t necessarily instrument higher sales of men’s grooming products in the premium price range. Half of the global men’s grooming products revenues are concentrated in the mid-price range, with over 7,000 million expected to be sold globally over the forecast period.

Procter & Gamble Co. will retain its competitive position as the global leader in shave care products. Independently, the company will also be dominant in the overall global men’s grooming products market by accounting for more than 10% market share. However, local manufacturers of men’s grooming products will collectively dominate the global market by accounting for nearly one-third of its market value. among others, are some leading manufacturers of men’s grooming products that intend to expand their businesses through acquisitions. Furthermore, L'Oréal S.A. and Beiersdorf AG are also some of the recognized players participating in the growth of the global men’s grooming products market.

Request to Browse Full Table of Content, figure and Tables @ https://www.persistencemarketresearch.com/market-research/mens-grooming-products-market/toc

TOC Overview

1. Executive Summary

2. Market Introduction

3. Global Men's Grooming Products Market Analysis Scenario

4. Market Dynamics

5. Global Mens Grooming Products Market Analysis and Forecasts, By Product Type 

6. Global Men's Grooming Products Market Analysis and Forecasts, By Price Range

7. Global Men's Grooming Products Market Analysis and Forecasts, By Distribution Channel

8. Global Men's Grooming Products Market Analysis and Forecasts, By Region

9. North America Men's Grooming Products Market Analysis and Forecast

10. Latin America Men's Grooming Products Market Analysis and Forecast

11. Europe Men's Grooming Products Market Analysis and Forecast

12. APEJ Men's Grooming Products Market Analysis and Forecast

13. MEA Men's Grooming Products Market Analysis and Forecast

14. Competition Landscape

15. Assumptions and Acronyms Used

16. Research Methodology

Get Order Copy on this report @ https://www.persistencemarketresearch.com/checkout/11581

CONTACT:
Persistence Market Research
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7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: press@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

ABOUT US:
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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