Press release
Men's Personal Care Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : LVMH Moët Hennessy Louis Vuitton, Johnson & Johnson, Procter & Gamble
Men's Personal Care Global Market Report
The Business Research Company presents an extensive market research report on the Men's Personal Care Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The men's personal care market size has grown rapidly in recent years. It will grow from $63.47 billion in 2023 to $69.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to cultural diversity in marketing, social perception of self-care, natural & organic trends, wellness integration, celebrity endorsements & influencer impact.
The men's personal care market size is expected to see strong growth in the next few years. It will grow to $101.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to market expansion, changing consumer preferences, health & wellness focus, innovation in male-specific products, cultural & societal shifts, environmental sustainability. Major trends in the forecast period include customization & personalization, rise in men's grooming awareness, inclusivity & diversity, natural & organic products, male-specific product innovation.
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Key Market Players:
Major companies operating in the men's personal care market report are LVMH Moët Hennessy Louis Vuitton, Johnson & Johnson, Procter & Gamble, Unilever, Bayer AG, L'Oréal, Henkel AG & Co KGaA, Colgate-Palmolive Company, Reckitt Benckiser, Estee Lauder Companies Inc., Baxter of California, Kao Corporation, Beiersdorf AG, Shiseido Company Limited, The Clorox Company, Natura & Co, Bulldog Skincare, Coty Inc., Avon Products Inc., Edgewell Personal Care Company, Revlon Inc., L'Occitane International SA, The Himalaya Drug Company, Harry's Inc., EOS Products LLC, Every Man Jack, The Proactiv Company LLC, The Art of Shaving, Jack Black LLC, American Crew, Kiehl's, Lab Series Skincare for Men, Malin+Goetz, Molton Brown, Nivea Men
Market Drivers:
The growing consumer inclination for specific grooming products across the globe is significantly contributing to the growth of the men's personal care market. Grooming refers to the activities that people do to keep their bodies clean and look nice. Personal care products help men to groom themselves and thus increasing focus on grooming has driven the growth of the men's personal care market. According to the survey conducted among 47 countries in 2021 by consumer insights firm GWI, male consumers are showing an increased interest in beauty and cosmetics. Also, in 2020, India has a 32.1% share of men's grooming products in the South Asian market and is estimated to grow at a rapid pace. Thus, the rise in inclination of consumers for specific grooming products is supporting the growth of the men's personal care market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/mens-personal-care-global-market-report
The mens personal care market covered in this report is segmented -
1) By Product: Skin Care Products, Hair Care Products, Shave Care Products, Fragrances, Other Products
2) By Category: Organic, Conventional
3) By Age Group: 18-30 Years, 31-58 Years, 59 And Above
4) By Distribution Channel: Online Retail Stores, Convenience Stores, Specialist Retailers, Supermarkets/Hypermarkets, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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