The global market for Men`s Grooming Products is estimated at US$65.2 Billion in 2023 and is projected to reach US$91.8 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the men`s grooming products market is driven by several factors. Firstly, the increasing disposable income and spending power of men, particularly in developing economies, have led to greater investment in personal grooming. As economies grow and middle-class populations expand, men are more willing to spend on high-quality grooming products that enhance their appearance and confidence. Secondly, the rise of metrosexual culture, where men pay meticulous attention to their appearance, has propelled demand for high-quality grooming products. This cultural shift has been supported by media representation and the growing acceptance of male grooming as a norm. Thirdly, technological advancements in product formulations and packaging have enhanced the efficacy and appeal of grooming products, attracting a broader consumer base. Innovative ingredients and sophisticated packaging solutions make products more attractive and effective, driving consumer interest. Additionally, there is a growing awareness of the importance of skincare and personal hygiene among men, further driving the adoption of grooming products. Health-conscious consumers are increasingly seeking products that not only improve their appearance but also promote skin health. Social media influencers and celebrities continue to play a pivotal role in shaping grooming trends and consumer preferences. Furthermore, the expansion of men`s grooming sections in retail stores and introduction of gender-neutral products have expanded the market`s reach. Retailers are dedicating more shelf space to men`s grooming products, and the rise of gender-neutral brands caters to a wider audience. Lastly, the increasing prevalence of male-specific health and wellness issues, such as hair loss and skin problems, has spurred innovation in targeted grooming solutions, ensuring sustained market growth and diversification. Companies are investing in research and development to create products that address specific concerns, such as anti-aging, hair growth, and sensitive skin, thereby meeting the evolving needs of male consumers.
The growth in the men`s grooming products market is driven by several factors. Firstly, the increasing disposable income and spending power of men, particularly in developing economies, have led to greater investment in personal grooming. As economies grow and middle-class populations expand, men are more willing to spend on high-quality grooming products that enhance their appearance and confidence. Secondly, the rise of metrosexual culture, where men pay meticulous attention to their appearance, has propelled demand for high-quality grooming products. This cultural shift has been supported by media representation and the growing acceptance of male grooming as a norm. Thirdly, technological advancements in product formulations and packaging have enhanced the efficacy and appeal of grooming products, attracting a broader consumer base. Innovative ingredients and sophisticated packaging solutions make products more attractive and effective, driving consumer interest. Additionally, there is a growing awareness of the importance of skincare and personal hygiene among men, further driving the adoption of grooming products. Health-conscious consumers are increasingly seeking products that not only improve their appearance but also promote skin health. Social media influencers and celebrities continue to play a pivotal role in shaping grooming trends and consumer preferences. Furthermore, the expansion of men`s grooming sections in retail stores and introduction of gender-neutral products have expanded the market`s reach. Retailers are dedicating more shelf space to men`s grooming products, and the rise of gender-neutral brands caters to a wider audience. Lastly, the increasing prevalence of male-specific health and wellness issues, such as hair loss and skin problems, has spurred innovation in targeted grooming solutions, ensuring sustained market growth and diversification. Companies are investing in research and development to create products that address specific concerns, such as anti-aging, hair growth, and sensitive skin, thereby meeting the evolving needs of male consumers.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Shave Care Products segment, which is expected to reach US$41.1 Billion by 2030 with a CAGR of a 5.5%. The Fragrances segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $17.2 Billion in 2023, and China, forecasted to grow at an impressive 7.7% CAGR to reach $20.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Men`s Grooming Products Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Men`s Grooming Products Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Men`s Grooming Products Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Avon Products, Inc., Beiersdorf AG, Coty, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 156 Featured):
- Avon Products, Inc.
- Beiersdorf AG
- Coty, Inc.
- Kao Chemicals Europe. S.L.
- L'occitane International SA
- L'Oreal SA
- LVMH Moet Hennessy - Louis Vuitton
- Mary Kay, Inc.
- Panasonic India Pvt., Ltd.
- Procter & Gamble Company, The
- Revlon, Inc.
- Sally Beauty Supply LLC
- Shiseido Co., Ltd.
- The Estee Lauder Companies, Inc.
- Unilever PLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Avon Products, Inc.
- Beiersdorf AG
- Coty, Inc.
- Kao Chemicals Europe. S.L.
- L'occitane International SA
- L'Oreal SA
- LVMH Moet Hennessy - Louis Vuitton
- Mary Kay, Inc.
- Panasonic India Pvt., Ltd.
- Procter & Gamble Company, The
- Revlon, Inc.
- Sally Beauty Supply LLC
- Shiseido Co., Ltd.
- The Estee Lauder Companies, Inc.
- Unilever PLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 431 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 65.2 Billion |
| Forecasted Market Value ( USD | $ 91.8 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
