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Hair Removal Products Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |Reckitt Benckiser Group plc, Braun GmbH, Church & Dwigh*t Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc.
As per the report, the hair removal products market size has grown strongly in recent years. It will grow from $4.16 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The hair removal products market size is expected to see strong growth in the next few years. It will grow to $5.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16073&type=smp
Growth in Grooming Businesses Boosts Hair Removal Product Market
The rising number of grooming businesses is expected to drive the growth of the hair removal products market going forward. The grooming business refers to industries and services that provide grooming and personal care for individuals. There is demand for hair removal products due to cultural norms, personal grooming preferences, and aesthetic trends, as individuals seek smooth skin and hair-free areas for reasons such as hygiene, comfort, and self-confidence. Grooming businesses use hair removal products to provide comprehensive services catering to clients' aesthetic preferences and hygiene needs, enhancing their overall grooming experience. For instance, in April 2024, according to the report published by the International SPA Association (ISPA), a US-based non-profit trade organization, the US spa business saw a rise in overall revenue from $18.1 billion in 2021 to $20.1 billion in 2023, a rise of more than 11%. Therefore, the rising number of grooming businesses is driving growth in the hair removal product market.
Innovative Sugaring Hair Removal Products Revolutionizing The Market
Major companies in the hair removal product market are innovating solutions, such as sugaring hair removal products, to meet the diverse needs of consumers seeking effective and skin-friendly hair removal methods. Sugaring is a natural hair removal method that uses a paste made from sugar, lemon juice, and water to remove hair and exfoliate the skin. For example, in February 2021, Sugar Sugar Wax, a UK-based company specializing in sugaring hair removal products, launched Glow Goop, a sugar hair remover and exfoliant. Glow Goop, made with only three natural ingredients cane sugar, water, and organic lemon juice-is a gentle and eco-friendly alternative to traditional waxes. Unlike conventional waxes, it adheres only to dead skin cells and hair, offering a less painful hair removal experience and reducing skin irritation. Additionally, it acts as an exfoliant, removing unwanted hair and dead skin cells, leaving the skin smooth, clean, and revitalized. This dual-action formula underscores Glow Goop's dedication to providing natural, effective, and user-friendly hair removal solutions.
The hair removal products market covered in this report is segmented -
1) By Product: Waxing, Creams, Electronic Device, Razor
2) By Gender: Men, Women
3) By Distribution Channel: Beauty Clinics, Dermatology Clinics, Other Distribution Channels
4) By Application: Face, Body, Ear, Nose, Other Applications
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Major companies operating in the hair removal products market are Reckitt Benckiser Group plc, Braun GmbH, Church & Dwigh*t Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc., Alma Lasers, Solta Medical, Fotona D.o.o, Sciton Medical & Aesthetic Laser Technologies, Silkn beauty Ltd., Tria Beauty Inc., Nair, Flamingo, Lynton Lasers, SoftSheen Carson Inc., Sue Ismiel and Daughters, Italwax, Parissa Laboratories Inc., The Darent Wax Company Ltd., Le Club Perron Rigot, Sally Hansen Inc., Starpil Wax Co.
Contents of the report:
1. Executive Summary
2. Hair Removal Products Market Report Structure
3. Hair Removal Products Market Trends And Strategies
4. Hair Removal Products Market - Macro Economic Scenario
5. Hair Removal Products Market Size And Growth
…..
27. Hair Removal Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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