Press release
Men's Personal Care Market Key Drivers, Trends, Growth, Analysis, and Report to 2033: Strategic Insights
Men's Personal Care Market
The Business Research Company offers in-depth market insights through Men's Personal Care Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Surging Consumer Demand For Men's Grooming Products To Drive Market Growth
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.
Competitive Landscape:
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
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Top Trend - Innovations Transforming The Men's Personal Care Market
Major companies operating in the men's personal care market are developing new products such as skin moisturizers from recycled carbon dioxide to gain a competitive edge in the market. Skin moisturizers, commonly known as moisturizing lotions or creams, are cosmetic products designed to hydrate and nourish the skin. For instance, in July 2022, Beiersdorf AG, a Germany-based personal-care products company, launched the NIVEA MEN Climate Care Moisturizer Limited Edition in Germany. This innovative moisturizer is the first to use an ingredient derived from recycled CO2, specifically ethanol based on Carbon Capture Utilization (CCU) technology. Beiersdorf collaborated with LanzaTech, a leader in gas fermentation technologies, to extract ethanol from CO2, demonstrating a commitment to responsible resource use and sustainability in the skincare industry. The recycled ethanol maintains high cosmetic-grade purity, offering a light texture and refreshing skin feel while aligning with NIVEA MEN consumers' growing interest in climate protection and sustainable alternatives.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Men's Personal Care Market Characteristics
3. Men's Personal Care Market Trends And Strategies
4. Men's Personal Care Market - Macro Economic Scenario
5. Men's Personal Care Market Size And Growth
…..
27. Men's Personal Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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