Press release
Global Sugaring Hair Removal Market Projected to Surpass $3.89 Billion by 2029 with 4.6% Annual Growth
What industry-specific factors are fueling the growth of the sugaring hair removal market?The surge in spa and salon services is predicted to boost the development of the sugaring hair removal market in the future. These services, which cover a broad range of beauty and personal care treatments, are offered by facilities such as spas, salons, and beauty care centers. As the world's economies are becoming stronger, people's disposable income increases, allowing them to invest more in non-essentials such as self-care and physical presentation. Sugaring hair removal is a service offered at these establishments and offers a natural and efficient way for customers to gain smooth, hairless skin. For example, data from the International SPA Association in May 2023 revealed that total revenue for the US spa industry grew from $18.1 billion in 2021 to $20.1 billion in 2023, indicating an over 11% increase. Additionally, the number of spa facilities rose by 280 locations in 2022 compared to 2021, and the number of spa visits increased from 173 million in 2021 to 181 million in 2022. Therefore, the proliferation of spa and salon services is spurring the growth of the sugaring hair removal market.
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What Is the projected market size and growth rate for the sugaring hair removal market?
The market size for hair removal with sugaring has shown significant growth over the past few years. Its market value is projected to rise from $3.06 billion in 2024 to $3.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%. Factors such as the cultural transition towards natural and organic products, the impact of social media and influencer marketing, the preference for painless hair removal techniques, wellness and self-care trends, and greater accessibility of DIY sugaring kits have contributed to this historical growth.
In the forthcoming years, the market size for sugaring hair removal is predicted to enjoy robust growth, reaching a substantial valuation of $3.89 billion by 2029 with a compound annual growth rate (CAGR) of 4.6%. This projected expansion during the forecast period can be traced back to heightened demand for green, sustainable beauty solutions, the focus on organic ingredients, growth of online beauty retail and e-commerce, and increased attention towards inclusivity and diversity, along with the expanded male grooming market. Key trends for the forecasted timeline include the incorporation of sugaring in spa and wellness retreats, support for DIY and virtual consultations, improved availability via subscription models, an assortment of sugaring products, and growth of the male-targeted sugaring products and services segment.
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What new trends are reshaping the sugaring hair removal market and its opportunities?
Leading firms in the sugaring hair removal market are concentrating on the development of novel solutions like sugar hair remover and exfoliant to gain a competitive edge. Such products offer a cost-effective and convenient at-home sugaring hair removal alternative. For example, in July 2024, Caronlab Australia Pty Ltd, a company specializing in premium waxing and depilatory products, launched a new product - Sugaring Paste. Available in Aquagel Soft and Firm varieties, this all-natural, gentle hair removal innovation is comprised of sugar, water, and lemon juice. The completely water-soluble formula makes clean up simple and does not include any resins or artificial additives, making it suitable for all skin types. The paste, with its 100% purified water and low working temperature, ameliorates comfort during hair removal, resonating with Caronlab's promise of superior, skin-friendly products.
What major market segments define the scope and growth of the sugaring hair removal market?
The sugaring hair removal market covered in this report is segmented -
1) By Product Type: Strip Sugar, Hand Paste, Other Product Types
2) By Wax Type: Soft Sugar Wax, Medium Sugar Wax, Hard Or Firm Wax
3) By Consumer Group: Men, Women
4) By Application: Face, Body
5) By End-User: Individual, Commercial
Subsegments:
1) By Strip Sugar: Pre-Made Strip Sugar Kits, Roll-On Strip Sugar
2) By Hand Paste: Soft Hand Paste, Firm Hand Paste
3) By Other Product Types: Sugaring Gel, Sugaring Wax, Pre- And Post-Treatment Products
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North America was the largest region in the sugaring hair removal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sugaring hair removal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the sugaring hair removal industry growth?
Major companies operating in the sugaring hair removal market are Reckitt Benckiser Group plc., Alexandria Professional LLC, Schick, Sugaring NYC, Eva's Esthetics, L.A. Bikini, Sugaring LA, Skin Inc., Parissa Laboratories Inc., Sugar Sugar, Nad's, Radeq Lab, Sweet & True Sugaring Co., Nacach Wax, Sugaring Factory, MOOM Inc., Sweet Sensation Body Sugaring, The Sweet Spot Sugaring, Sweet Success Sugaring Training, Sweet Solutions Sugaring Studio, The Sugaring Lounge, Sugar of the Nile, Luvspick, Guangzhou Fourto Sanitary Products Co. Ltd., Sugardoh Inc., Sugar Cove, Sugaring London
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What Is Covered In The Sugaring Hair Removal Global Market Report?
•Market Size Forecast: Examine the sugaring hair removal market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sugaring hair removal market for a structured understanding.
•Key Players Overview: Analyze major players in the sugaring hair removal market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sugaring hair removal market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sugaring hair removal market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sugaring hair removal market.
•Industry Challenges: Identify potential risks and obstacles affecting the sugaring hair removal market.
•Competitive Landscape: Review strategic developments in the sugaring hair removal market, including expansions, agreements, and new product launches.
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