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Explosive Growth in Men's Personal Care Market: Solidifying Market Size and Trend Forecasts for 2024-2029
Men's Personal Care Market
Rapid Market Expansion and Changing Consumer Preferences, Boosting the Global Men's Personal Care Market to $76.26 Billion in 2025 and $113.16 Billion in 2029
What Is The Projected Market Size Of The Global Men's Personal Care Market And Its Growth Rate?
The men's personal care market has seen significant growth in recent years and is expected to grow even more in the future:
• Market Size in 2024: $69.45 billion
• Market Size in 2025: $76.26 billion (CAGR: 9.8%)
• Market Size in 2029: $113.16 billion (CAGR: 10.4%)
Factors contributing to this growth include cultural diversity in marketing, consumer shift towards natural & organic trends, the influence of celebrity endorsements, innovation in male-specific products, and a focus on health & wellness.
What Is Driving The Growth In The Men's Personal Care Market?
An increased consumer inclination towards specific grooming products globally is significantly contributing to the growth of the market. The demand for men's skincare routines has surged over the past five years, with the market projected to reach $110 billion by 2030. For example, Voyant Beauty, a US-based personal care product manufacturing company, reported in June 2024 that 56% of men are purchasing more skincare products than they did five years ago. As a result, the rise in consumer demand for specific grooming products is propelling the men's personal care market's growth.
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Who Are the Key Players Driving Men's Personal Care Market Growth?
Key players driving the men's personal care market include:
• LVMH Moët Hennessy Louis Vuitton
• Johnson & Johnson
• Procter & Gamble
• Unilever
• L'Oréal
• Henkel AG & Co KGaA
• Colgate-Palmolive Company
• Estee Lauder Companies Inc.
What Are The Key Trends In The Men's Personal Care Market?
Key trends in the men's personal care market include:
• Customization & personalization in products
• Rising awareness for men's grooming
• Inclusivity & diversity in product lines
• Preference for natural & organic products
• Innovation in male-specific products
What Are The Segments Of The Global Men's Personal Care Market?
The global men's personal care market is segmented by:
• Product: Skin Care Products, Hair Care Products, Shave Care Products, Fragrances, Other Products
• Category: Organic, Conventional
• Age Group: 18-30 Years, 31-58 Years, 59 And Above
• Distribution Channel: Online Retail Stores, Convenience Stores, Specialist Retailers, Supermarkets/Hypermarkets, Other Distribution Channels
Which Region Leads The Men's Personal Care Market?
North America was the largest region in the men's personal care market in 2024. Meanwhile, Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the men's personal care market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Men's Personal Care Market Global Market Report?
- Market Size Analysis: Analyze the Men's Personal Care Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Men's Personal Care Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Men's Personal Care Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Men's Personal Care Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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