Press release
Hair Removal Service Market by Service Type, Gender, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030
Hair Removal Service Market
Moreover, the rise in awareness regarding personal grooming and aesthetic appeal among the youth has led to the growth of the global market. Various hair removal methods are used to remove body hair such as shaving, waxing, and plucking. Increase in importance of beauty standards among individuals is the major factor anticipated to boost the demand for the various hair removal services. Also, rise in consumer disposable income and increased spending on personal care products and services contribute toward the growth of the market.
Market Scope and Structure Analysis
Market Size Available for Years: 2020–2030
Base Year Considered: 2020
Forecast Period: 2021–2030
Forecast Unit: Value (USD)
Regions Covered: North America, Europe, Asia-Pacific, LAMEA
Segments Covered: Service Type, Gender, Distribution Channel, and Region
Companies Covered: Procter & Gamble Company, L’Oréal S.A., Henkel AG & Co., KGaA, Shiseido Company, Limited., Unilever, Combe Incorporated, Johnson & Johnson, Kao Corporation.
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COVID-19 Impact analysis
Consumers particularly younger adults, have been taking a relaxed approach to their hair removal routines, contributing toward slow growth of the market. Shift of office work to work from home relax consumers approach toward hair removal. As a result, the market is anticipated to experience a short-term hit during the pandemic period.
Moreover, COVID-19 has created several challenges for the aesthetics industry. During the pandemic period most of the clinics had halted their services with only emergency procedures to be performed. This in turn hampered the growth of the market.
On the contrary, there has been an observed increase in online sales of hair removal products due to rise in preference of usage of E-commerce websites for purchase.
Top Impacting Factors
Growing awareness in appearance and rapidly changing lifestyle and beauty standards among individuals are major reasons expected to fuel the growth of the market. Also availability of various services from salons and hair removal clinics provide options to the consumers,which leads to expected sales growth.
Easy availability of advance hair removal devices for home use from e-commerce and retail industry for end users makes way for the growth of the market. Also, surge in development of new services such as laser hair removal creates a new opportunity for market growth.
Contrarily, high cost of hair removal services and devices and requirement of multiple treatments hamper the growth of the global hair removal service market.
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Market Trends
New product launches to flourish the market
The launch of new products that contain improved capabilities boost the product demand in the market. Extract of natural ingredients such as honey, sugar, raw papaya paste, and garlic juice in the products and increase in awareness of benefits of these ingredients to skin increase the sale of these products leading to the growth of the market.
Surge in development of technological advances in Hair removal services.
Laser technology is gaining popularity among the individuals in the recent years. Benefits of laser hair removal technology is that it reduces the hair growth by 90-95% with devices featuring diode laser technology that is safe for treating patients with darker skin tones and tanned skin.
Electrolysis is another type of hair removal technique performed by a dermatologist. It also disrupts hair growth. The process works by inserting an epilator device into the skin. In addition to producing more permanent results electrolysis is extremely versatile, creating an expected market growth.
Key Segments Covered
Service Type
Traditional
Shaving
Waxing
Creams
Others
Clinical
Laser
Electrolysis
Others
Gender
Men
Women
Distribution Channel
Salon
Clinics
Home
Others
Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Benefits of the Report
This study presents the analytical depiction of the hair removal service 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 hair removal service market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight the hair removal service market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed hair removal service market analysis based on competitive intensity and how the competition will take shape in coming years
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Questions answered in the Report
Who are the leading market players active in the hair removal service market?
What current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
What is "Hair Removal Service" Market prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the driving factors and opportunities in the market?
What are the current trends and predicted trends?
What are the challenges faced in the "Hair Removal Service" Market?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defence and BFSI.
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