Grooming Products Market is Expanding Rapidly as Key Industry Players | Beiersdorf AG, Colgate-Palmolive, Coty Inc, Energizer Holdings Inc.

The research provides an up-to-date overview of the present global Grooming Products Market landscape as well as the most recent trends and drivers, as well as the overall market environment. The study was carried out utilizing an objective combination of primary and secondary data, as well as feedback from important Grooming Products industry participants. Import/export consumption, cost, price, income, supply and demand figures, and gross margins are all covered in this report. The global Grooming Products Market research also includes a summary of product demand and data supply, cost, revenue, sales, and growth analysis for the coming year.

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Grooming products are used to clean or nourish the body. The products are utilized for various body parts such as skin, hair, lips, and teeth. Increasing adoption of grooming products for aesthetic appeal is driving growth of the market in emerging economies. Increasing awareness towards overall body care and social trends have resulted in market growth. However, stringent regulations regarding ingredients and growing preference of consumers towards organic products is restraining growth of the market.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐫𝐨𝐨𝐦𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞: Beiersdorf AG, Colgate-Palmolive, Coty Inc, Energizer Holdings Inc., Johnson and Johnson, Koninklijke N.V., L'Oreal Group, and Mirato S.p.A

𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐫𝐨𝐨𝐦𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲

𝐎𝐧 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐓𝐚𝐫𝐠𝐞𝐭 𝐀𝐮𝐝𝐢𝐞𝐧𝐜𝐞
Mass-Market
Luxury
Professional

𝐎𝐧 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
Brick and Mortar
Online or E-Commerce

𝐎𝐧 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞
Toiletries
Fragrances
Shaving Products
Make Up Products
Others

The online distribution channel segment is projected to hold dominant position in market, owing to high convenience offered to the consumers. Customers are referring the internet for grooming tips, which has resulted in a rise of grooming websites and blogs, which in turn is fueling growth of the market. The skin care segment is projected account for major market share along with shaving and make up products, owing to growing concerns regarding aesthetic appeal.

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𝗚𝗹𝗼𝗯𝗮𝗹 𝗚𝗿𝗼𝗼𝗺𝗶𝗻𝗴 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:

➣Asia Pacific region has largest market in the global grooming products. Increasing urban population has contributed to growth of the market. Increasing number of local players offering grooming products at cheap rate are also fueling growth of the market. India and China are expected to be major markets in this region, owing to the large populations in these economies. According to International Monetary Fund, Asia Pacific region accounted for 50% of the world's GDP and is projected to become a prime consumer hub for grooming products over the forecast period.

➣Market in North America and Europe is lucrative with less market players. Increased spending by the youth to cope up with global fashion trends is major driver for growth of the market. Germany, France, UK, and the USA are major players in the grooming products market. According to Cosmetics Europe, the personal care industry which included grooming products industry was valued at US$ 91 Million with Germany being the largest market in Europe.

𝗞𝗲𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀:

➤For instance, in May 2019, Beiersdorf AG acquired sun care brand 'Coppertone' from Bayer for a value of US$ 550 million. This acquisition is expected to strengthen Beiersdorf AG's sun care business in American market.

➤In September 2019, Beiersdorf AG launched new product skin care brand for tattooed skin named as 'OSCAR&PAUL'. The new brand will be available in retail stores and at selected certified tattoo studios. This new product has helped Beiersdorf AG to increase its product portfolio in European market.

➤For instance, in July 2019, Colgate-Palmolive acquired Laboratoires Filorga Cosmétiques (Filorga) Skin Care Business for a value of US$ 1690 million. Filorga is a premium anti-aging skin care brand focused primarily on facial care. This acquisition is expected to strengthen Beiersdorf AG's presence in anti-aging skin care business in global market.

➤The report may be used as a key resource for stakeholders, companies, and other global Grooming Products Market providers. The segmentation analysis focuses on revenue and forecast by type and application with regard to revenue and projections for the period. The potentials of COVID-19 are three-fold: a direct influence on production and demand, a disruptive supply chain and Grooming Products Market, a financial effect on enterprises and financial markets.

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