Wet Shave Market 2020-2027: Industry Size & Share, Growth Opportunities, Development Factors, Challenges, Regional And In-depth Analysis Of Industry Players

Allied Market Research published a new report, titled, “Wet Shave Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The wet shave market is driven by traditional shaving methods that includes the use of razors, shaving brush, shaving cream or soap, and aftershave lotion. Surge in awareness regarding grooming and personal hygiene, improvement in standard of living, and increase in disposable income boosts the demand for global wet shave market. The leading market players have been promoting the market growth by offering new and innovative products that assist the market in generating revenue and consumer retention.

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Surge in application of wet shave is driven by increase in awareness regrading personal hygiene and grooming. This intrigues the customers to pick up products that fulfill their requirements with easy applications. The mechanism of wet shave is easy, compact, and reliable and hence attracts more people towards the same. Although the emergence of trimmers and increasing trend of growing beards is likely to restrain the market from growing, but consistent market improvement and the utility of wet shave for basic purposes is expected to retain the market concentration and expand.

The initiation of wet shave market is run by razors, shaving creams or gels, shaving brush, and aftershave lotions. The market is also flourished by serving different consumer segments such as male and female. The male segment has applications in beard shaving whereas the women segment is involved in removal of body hair with wet shave. Since wet shave is easy, affordable, convenient and economical, both the consumer segments develop strong preferences for the wet shave market. All these factors combine and fuel the growth of global wet shave market.

The distribution channel portrays a prominent picture in the disbursement and sales for any product. Thus it is of prime importance to the manufactures to ensure the adequate supply of products through diverse supply chains. The wet shave market has been growing vigorously with assistance of strong distribution channels that help the market in expansion and reaching the untapped market.

COVID-19 Scenario Analysis:

Production shut down scenario

The production for elementary products that constitute the wet shave market has been ceased due to the COVID-19 implications. This has declined the amount of stock produced in the market.

Disruptions in supply chains

The supply chains have been disrupted due to the lack of transportation amid COVID-19 situations. This created a misbalance between the demand and supply of products in the global wet shave market.

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Regions covered – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered – Beiersdorf, Godrej, Johnson & Johnson, Edgewell Personal Care, Proraso, Perio, L’Oreal, Super-Max, Raymond Group, P&G, Dr. Harris, Unilever, Vi-John

Key Segments Covered:

Type
• Disposable Razors
• Non-disposable Razors
• Shaving Lotions & Creams
• Razor Cartridges
• Blades
• Others

End User
• Male
• Female

Distribution Channel
• Hypermarkets
• Supermarkets
• Independent Retailers
• Others

Industry Vertical
• Consumer Goods
• Personal Care & Grooming Industry
• Salon Industry
• Metal Industry
• Others

Key Benefits of the Report:

○ This study presents the analytical depiction of the global wet shave industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wet shave market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wet shave market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global wet shave market analysis based on competitive intensity and how the competition will take shape in coming years.

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