Press release
Hair Removal Products Market to reach USD 5.68 Bn by 2029, emerging at a CAGR of 4.9 percent and forecast 2023-2029
Hair Removal Products Market
The global Hair Removal Products Market report offers a comprehensive assessment of the industry, market trends, and key players. The report delves into the market from both demand and supply perspectives across various segments. In addition, it presents insights into market trends by segments, technology advancements, and investment opportunities, complete with a competitive landscape overview.
The research methodology employed for this report involved rigorous data collection and analysis. Primary and secondary research methods were utilized to gather and validate information, ensuring the accuracy and reliability of the findings. The report provides valuable insights that aid businesses in making informed decisions based on the current and projected market scenario.
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Hair Removal Products Market Dynamics:
The growth of the Hair Removal Products Market is driven by several factors. The increasing trend towards hair removal and beauty products is a key driver, propelled by rising consciousness about personal grooming and aesthetic appeal. Additionally, rising disposable incomes and a focus on health and hygiene contribute significantly to market expansion. Technological advancements, including innovative hair removal electronic machines such as laser devices, intense pulse light (IPL), and energy-based devices, are also playing a pivotal role in driving convenience and rapid hair removal.
The market for hair removal products was valued at USD 4100 million in 2022 and is anticipated to increase at a CAGR of 4.9% from 2023 to 2029 to reach USD 4940 million.
The market for hair removal products is expanding due to the burgeoning trend in beauty and hair removal products. During the anticipated period of 2022-2029, personal grooming, rising aesthetic appeal, and consciousness will all drive market expansion.
Hair Removal Products Market Regional Insights:
The report provides regional insights into the Hair Removal Products Market. North America emerges as a dominant market with a 29.7% market share in 2022. The region's penchant for aesthetics and personal grooming, coupled with high disposable income, drives demand for hair removal products. The Asia Pacific region is marked as the fastest-growing, with a CAGR of 6.8%. Modernization, a burgeoning young population, and improved living standards are fuelling the region's hair removal product market growth.
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Hair Removal Products Market Segmentation:
by Product
Waxing
Creams
Electronic Device
Razor
by Distribution Channel
Beauty Clinics
Dermatology Clinics
Other End-Uses
by Gender
Men
Women
by Price
Low
Medium
High
by Application
Face
Body
Ear
Nose
Other Body Parts
Hair Removal Products Market Key Players:
1. Reckitt Benckiser
2. Procter & Gamble
3. Philips
4. Emjoi
5. Sally Hansen
6. VI-John
7. Nads
8. Revitol
9.Codream
10.Beiersdorf AG
11.Procter & Gamble
12.GiGi
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Table of content for the Hair Removal Products Market includes:
1. Global Hair Removal Products Market: Research Methodology
2. Global Hair Removal Products Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Hair Removal Products Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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