Hair Removal Products Market Value Projected To Expand By 2021-2031
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In terms of revenue, the global hair removal products market is estimated to expand at a CAGR of 5.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global hair removal products market.
The global hair removal products market is affected by several factors, including increasing emphasis on personal grooming and rising beauty standards.
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Growing importance of personal grooming and rising beauty standards are primary drivers for the global hair removal market. An increase in demand for hair removal devices and services as a result of people's rising awareness about their appearance is likely to have a huge impact on the hair removal products market. The expansion of the hair removal products market is expected to accelerate profusely over the next few years due to the constant growth in consumer buying capacity.
In terms of device, intense pulse light, or IPL devices section currently holds the largest share of the hair removal products market on account of their higher efficiency and the longer effect they have on body hair growth. Based on end-use, the beauty clinics segment is projected to earn the highest share, owing to high demand. The steady demand for hair removal products, coupled with the increasing adoption of permanent hair removal techniques such as laser therapy, is expected to grow significantly in the upcoming years.
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The global hair removal products market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Of these, North America is anticipated to dominate the global hair removal products market with dominant share. The soaring interest of consumers in personal grooming, coupled with their high purchasing power that makes them capable of affording expensive hair removal products, makes North America the key contributor to the global market.
Key players operating in the global hair removal products market are Erikka India, Reckitt Benckiser Group PLC, Procter & Gamble, Sally Hansen, Koninklijke Philips CO., Inc., Naturenation Store, VI-John Group, Softsheen-Carson, and Completely Bare.
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