Press release
Grooming Excellence: Unveiling the Sophisticated World of Men's Grooming Products for the Discerning Gentleman
Men's Grooming Products Market
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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.
Johnson & Johnson Private Limited
Koninklijke Philips N.V.
ITC Limited, Coty Inc.
Unilever PLC.
Colgate-Palmolive Company,
Edgewell Personal Care Co.
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Key Segments Covered in Men's Grooming Industry Research
By Product Type
Shave Care
Shaving Cream
Shaving Gel
Razors & Blades
After Shave Care
Lotion
Splash/Gel
Balm
Skin care
Anti-aging
Face Wash
Moisturizers
Oil-free
Emulsion
Multi-purpose
Hair Care
Shampoo
Conditioner
Styling Products
Pomade
Putties & Clay
Cream
Wax
Gel
Toiletries
Soap
Shower & Wash
Fragrances
Antiperspirants & Deodorants
Perfumes
Colognes
Others
By Price Range
Premium
Mid
Low
By Distribution Channel
Hypermarkets/Supermarkets
Salon/Grooming Clubs
Drug Stores
E-commerce/Online
Retail Stores
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By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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