Press release
Male Beauty Products Market share, Market trends, and forecasts from 2024 to 2031.
The Male Beauty Products Market refers to the industry focused on skincare, haircare, grooming, and other personal care products specifically targeted towards men. This market has been witnessing significant growth in recent years, driven by changing gender norms, increasing awareness about personal grooming, and the rise of social media influencing male beauty standards.
With a projected CAGR of 7.00% during the forecasted period, the male beauty products market is expected to continue its growth trajectory. This can be attributed to an increasing number of men becoming more conscious about their appearance and investing in grooming products. Additionally, the availability of a wide range of products catering to different needs and preferences of men is also contributing to the market expansion.
In the future, the male beauty products market is anticipated to witness further innovation and diversification, with brands focusing on developing specialized products for specific skin types, concerns, and grooming routines. E-commerce platforms and digital marketing strategies are also expected to play a crucial role in reaching a larger male consumer base. Overall, the outlook for the male beauty products market appears promising, with ample opportunities for growth and expansion in the coming years.
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Market Segmentation
The Male Beauty Products Market Analysis by types is segmented into:
• Skin Care Products
• Hair Care Products
• Other Products
Male beauty products market can be categorized into three main types. Skin care products specifically target issues like acne, aging, and hydration. Hair care products cater to concerns such as hair loss, dandruff, and styling. The other products market includes grooming essentials like razors, deodorants, and fragrances. Each segment provides tailored solutions to help men look and feel their best, highlighting the importance of male grooming and self-care in today's society.
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The Male Beauty Products Market Industry Research by Application is segmented into:
• Personal
• Beauty Salon
• Others
Male beauty products have a wide application in personal grooming, beauty salons, and other markets. In personal use, men use these products for daily skincare routines and to enhance their appearance. Beauty salons offer professional grooming services using male beauty products for clients. The other market includes industries like fashion, entertainment, and healthcare where male grooming products are utilized for various purposes. Overall, the male beauty products market caters to a diverse range of applications to meet the grooming needs of men.
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In terms of Region, the Male Beauty Products Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Male Beauty Products market?
The global male beauty products market is seeing a rise in demand for skincare and grooming products tailored specifically for men. There is a growing trend towards natural and organic ingredients in products, as well as a focus on anti-aging solutions and sun protection. Male consumers are becoming more educated about skincare and are willing to invest in high-quality products. The market is also witnessing an increase in gender-neutral and inclusive products that cater to a diverse range of skin types. Additionally, digital influencers and social media are playing a significant role in shaping consumer preferences and driving sales in the male beauty industry.
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Major Market Players
Gillette, a subsidiary of Procter & Gamble, is a well-known player in the male beauty products market. Founded in 1901, Gillette has a long history of producing grooming products for men, including razors, shaving cream, aftershave, and other personal care items. The brand is known for its high-quality products and innovative technology.
Shiseido, a Japanese multinational company, is another key player in the male beauty products market. Founded in 1872, Shiseido has a long-standing reputation for its skincare and cosmetics products. The company has a strong global presence and offers a wide range of beauty products for both men and women.
L'oreal Group, a French multinational company, is a major player in the male beauty products market. Founded in 1909, L'oreal is one of the world's largest cosmetics and beauty companies. The company offers a wide range of grooming products for men, including skincare, haircare, and grooming essentials.
In terms of market growth and size, the male beauty products market is expected to experience significant growth in the coming years. The increasing awareness among men about grooming and personal care, as well as the rising demand for male-specific beauty products, are driving the growth of the market. According to Grand View Research, the global male grooming products market size was valued at $57.7 billion in 2020 and is projected to reach $78.6 billion by 2028.
Some sales revenues for the above-listed companies include: Procter & Gamble reported sales revenue of $71 billion in 2020, L'oreal Group reported sales revenue of €32.31 billion in 2020, and Shiseido reported sales revenue of ¥845.41 billion in 2020.
Overall, the male beauty products market is a competitive and growing industry, with key players like Gillette, Shiseido, and L'oreal Group leading the way with their innovative products and strong market presence.
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Name: Mahesh Patel
Phone: +1 507 500 7209
Email: sales@reportprime.com
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