Press release
Shaving Market Size Will Grow at a Healthy CAGR by 2033 | Along with Top Key Players: Procter & Gamble, Oriflame Holding AG, GiGi, Koninklijke Philips N.V.
Global Shaving Market Size
The shaving market produces and sells hair removal goods such as electric and manual razors, shaving creams, gels, foams, pre-shave and after-shave products, and accessories. It serves both men and women and provides customized options to meet a variety of grooming needs. The expanding cosmetics sector, which is driven by increased demand for razors and personal hygiene items, is driving the shaving market. Increased spending on grooming products is expected to support the growth of the worldwide shaving market due to the growing emphasis on personal grooming, especially in corporate settings. Additionally, the distribution landscape is changing due to the growth of e-commerce and direct-to-consumer business models, which offer clients convenient access and customized experiences. However, the market may need support due to the growing trend of complete beard maintenance and the widespread use of electric trimmers, which could hinder its expansion over the projection period.
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The razors and blades segment is expected to hold the largest share of the global shaving market during the anticipation timeframe.
Based on product, the global shaving market is categorized into razors and blades, beard moisturizers, pre-shave cream, and after-shave emulsion. Among these, the razors and blades segment is expected to hold the largest share of the global shaving market during the anticipation timeframe. The constant search for lifespan and sharpness is what propels the market for shaving products, especially razors and blades. Shaving products that provide a smooth and efficient grooming experience with an emphasis on long-term performance are becoming more and more popular.
The offline segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the distribution channel, the global shaving market is categorized into offline, and online. Among these, the offline segment is expected to grow at the fastest CAGR during the anticipation timeframe. The demand for shaving items through offline channels is driven by consumers' preference for in-store experiences and quick access to products. Additionally, offline channels give customers a chance to receive personalized assistance from salespeople, which affects their decision to buy.
The men's segment is expected to hold the largest share of the global shaving market during the anticipation timeframe.
Based on end user, the global shaving market is categorized into men and women. Among these, the men's segment is expected to hold the largest share of the global shaving market during the anticipation timeframe. Grooming practices are becoming more and more popular among men of all ages as a way to communicate and show concern for themselves. The necessity of maintaining a well-groomed appearance is being emphasized by this cultural shift, which is increasing demand for innovative, premium shaving products that are tailored to the unique needs and preferences of male consumers.
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Asia-Pacific is projected to hold the largest share of the global shaving market over the anticipation timeframe.
Asia-Pacific is projected to hold the largest share of the global shaving market over the anticipation timeframe. Asia Pacific's growing urbanization, rising disposable incomes, and greater awareness of grooming all suggest a promising future for the sector. Asia Pacific consumers are adopting increasingly complex grooming habits as lifestyles evolve, especially in urban areas. Furthermore, the demand for innovative goods like high-end razors and grooming accessories, indicates how vibrant and evolving the shaving market is in this region.
North America is expected to grow at the fastest CAGR growth of the global shaving market during anticipation timeframe. In this region, there is a greater need for shaving supplies. Due to their hectic and evolving lifestyles, many consumers in this area are using holistic approaches to beauty care, which has increased demand for personal care goods.
Major vendors in the global shaving market are Procter & Gamble, Oriflame Holding AG, GiGi, Koninklijke Philips N.V., Syska India Ltd., Harry's Inc., Societe BIC S.A. (BIC), Beiersdorf AG, Reckitt Benckiser Group plc, Others.
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Developments
In May 2023, at its new sustainable plant in Leipzig-Seehausen, Beiersdorf AG announced the launch of its "made in Leipzig" products. The facility produces shaving foams, hair sprays, and deodorants for the European market under the Hidrofugal, 8x4, and NIVEA brands.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global shaving market based on the below-mentioned segments:
Global Shaving Market, By Product
Razors and Blades
Beard Moisturizer
Pre-Shave Cream
After Shave Emulsion
Global Shaving Market, By Distribution Channe
Offline
Online
Global Shaving Market, By End User
Men
Women
Global Shaving Market, By Regional
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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