Global Hair Removal Products Market Outlook 2028: Technology Advancements and Home Application Boost Hair Removal Devices
TechSci Research's report on the "Hair Removal Products Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F" highlights the significant growth of the global hair removal products market. This growth is fueled by evolving beauty standards, technological advancements, and increased emphasis on personal grooming worldwide.Driven by changing beauty norms, technology, rising disposable income, and grooming awareness, the hair removal products market has seen substantial growth. As gender-neutral products gain traction and convenience remains paramount, innovation in formulations persists. Cultural, religious, and health factors sustain demand, while influencer marketing and social media amplify product visibility. Positioned within the dynamic beauty industry, the hair removal products market is poised for continued expansion and innovation.
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The hair removal products market adapts to evolving consumer preferences with emerging trends like at-home IPL and laser devices, customized solutions, clean ingredients, sustainability, diversity, men's grooming, and hybrid techniques. Manufacturers and brands embracing these trends can meet consumer demands and excel in a competitive market. Staying abreast of these trends is vital for sustained growth and innovation amid advancing technology and evolving consumer preferences.
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The global hair removal products market is segmented by type, application, end user, price, distribution channel, and region.
Creams emerged as the leading segment in the global hair removal products market in 2022, valued for their convenience, easy application, quick action, and affordability, available over the counter.
Regionally, the market spans North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominated the global hair removal products market in 2022, driven by high consumer spending on personal care products, increased demand for electronic devices, industry growth, and substantial investments. Additionally, North America exhibits lower cosmetic treatment and application rates compared to other regions.
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• Hair Removal Products Market is expected to grow at a CAGR of 4.51% during the forecast Period.
• Hair Removal Products Market has a valuation of US$ 4.02 Billion as of 2022.
• North America currently holds the title of the largest market for hair removal products.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various hair removal products.
• Hair Removal Products Market is witnessing a remarkable surge in demand from online sales channels.
• In terms of type, the cages segment claims the top spot in Hair Removal Products Market share.
• Focusing on the price range, the premium segment secures the highest market share in the Hair Removal Products Market.
Competitive Landscape
Tech Sci Research provides customizable Hair Removal Products market reports tailored to individual company needs, based on the provided market data. Customization options for the report include:
Recent Developments
• In 2022, Panasonic introduced the ARC6 men's electric shaver, targeting men with thicker stubble resulting from increased remote work. The shaver features six blades crafted from premium Japanese stainless steel, powered by a high-performance linear motor delivering 84,000 cross-cutting actions per minute for a precise shave, facilitated by a flexible shaver head.
• Also in 2022, Veet launched the Veet Pure range of hair removal creams, aimed at enhancing consumers' hair removal experience. Dermatologically tested, the new range incorporates natural extracts of Cucumber, Aloe Vera, and Grapeseed Oil, offering a simplified formula to meet the evolving needs of modern women. Veet Pure provides a superior, efficient, and pain-free solution for home hair removal.
Major companies operating in Global Hair Removal Products Market are:
mReckitt Benckiser Group plc, Oriflame Holding AG, GIGI, Venus Concept, Procter & Gamble, Koninklijke Philips N.V., Sally Hansen, Si & D (Aust) (Pty) Ltd, Revitol
Market Segmentation for Hair Removal Products Market
• Hair Removal Products Market, By Type:
o Wax Strips
o Creams
o Epilators Razors & Blades
o Others
• Hair Removal Products Market, By Application:
o Face
o Body
o Other
• Hair Removal Products Market, By End User:
o Men
o Women
• Hair Removal Products Market, By Price:
o Low
o Medium
o High
• Hair Removal Products Market, By Distribution Channel:
o Supermarkets /Hypermarkets
o Convenience Stores
o Beauty & Dermatology Clinics
o Online
o Others
• Hair Removal Products Market, By Region:
o North America
United States
Canada
Mexico
o Europe
France
United Kingdom
Italy
Germany
Spain
o Asia-Pacific
China
India
Japan
Australia
South Korea
o South America
Brazil
Argentina
Colombia
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customers
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decisions
4.3. Challenges Faced
5. Global Hair Removal Products Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Wax Strips, Creams, Epilators, Razors & Blades, Others)
5.2.2. By Application Market Share Analysis (Face, Body, Other)
5.2.3. By End User Market Share Analysis (Men, Women)
5.2.4. By Price Market Share Analysis (Low, Medium, High)
5.2.5. By Distribution Channel Market Share Analysis (Supermarkets /Hypermarkets, Convenience Stores, Beauty & Dermatology Clinics, Online, Others)
5.2.6. By Regional Market Share Analysis
5.2.6.1. North America Market Share Analysis
5.2.6.2. South America Market Share Analysis
5.2.6.3. Middle East & Africa Market Share Analysis
5.2.6.4. Europe Market Share Analysis
5.2.6.5. Asia-Pacific Market Share Analysis
5.2.7. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Hair Removal Products Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Application Market Mapping & Opportunity Assessment
5.3.3. By End User Market Mapping & Opportunity Assessment
5.3.4. By Price Market Mapping & Opportunity Assessment
5.3.5. By Distribution Channel Market Mapping & Opportunity Assessment
6. North America Hair Removal Products Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Application Market Share Analysis
6.2.3. By End User Market Share Analysis
6.2.4. By Price Market Share Analysis
6.2.5. By Distribution Channel Market Share Analysis
6.2.6. By Country Market Share Analysis
6.2.6.1. United States Hair Removal Products Market Outlook
6.2.6.1.1. Market Size & Forecast
6.2.6.1.1.1. By Value
6.2.6.1.2. Market Share & Forecast
6.2.6.1.2.1. By Type Market Share Analysis
6.2.6.1.2.2. By Application Market Share Analysis
6.2.6.1.2.3. By End User Market Share Analysis
6.2.6.1.2.4. By Price Market Share Analysis
6.2.6.1.2.5. By Distribution Channel Market Share Analysis
6.2.6.2. Canada Hair Removal Products Market Outlook
6.2.6.2.1. Market Size & Forecast
6.2.6.2.1.1. By Value
6.2.6.2.2. Market Share & Forecast
6.2.6.2.2.1. By Type Market Share Analysis
6.2.6.2.2.2. By Application Market Share Analysis
6.2.6.2.2.3. By End User Market Share Analysis
6.2.6.2.2.4. By Price Market Share Analysis
6.2.6.2.2.5. By Distribution Channel Market Share Analysis
6.2.6.3. Mexico Hair Removal Products Market Outlook
6.2.6.3.1. Market Size & Forecast
6.2.6.3.1.1. By Value
6.2.6.3.2. Market Share & Forecast
6.2.6.3.2.1. By Type Market Share Analysis
6.2.6.3.2.2. By Application Market Share Analysis
6.2.6.3.2.3. By End User Market Share Analysis
6.2.6.3.2.4. By Price Market Share Analysis
6.2.6.3.2.5. By Distribution Channel Market Share Analysis
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About TechSci Research:
TechSci Research is a management consulting firm centered on research, offering global market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value market research and advisory services to clients worldwide. These services aid in identifying new market opportunities, growth strategies, and innovative approaches to secure market share. Consequently, TechSci's clients are positioned as leaders, pioneering market trends rather than merely following them.
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