Global Beard Care Products Market Size To Worth USD 7.39 Billion By 2033 | CAGR Of 7.11%
Category: Consumer GoodsGlobal Beard Care Products Market Size To Worth USD 7.39 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Beard Care Products Market Size is Expected to Grow from USD 3.72 Billion in 2023 to USD 7.39 Billion by 2033, at a CAGR of 7.11% during the forecast period 2023-2033.
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Browse key industry insights spread across 235 pages with 118 Market data tables and figures & charts from the report on the "Global Beard Care Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Wax & Cream, Shampoo & Conditioner, Oil, And Others), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here https://www.sphericalinsights.com/reports/beard-care-products-market
Products specifically made to manage beard grooming are known as beard care products, and they come in a variety of forms. Rising male awareness of social media's influence and personal grooming, as well as celebrity endorsements, are predicted to fuel market expansion. Increased image consciousness and rising awareness about grooming have increased spending on personal care and groom-related products. Because people are becoming more conscious of the chemicals used in products, there is a growing demand for organic grooming products. Several industry participants also provide organic beard care items, like AMAzing EARTH beard Growth oil. It is also expected that the presence of several competitors and rising product demand will contribute to the market's expansion. However, the demographic of men over 55 is another factor in men's grooming. These individuals use grooming products sparingly and are not very involved in personal grooming. Selling these products and pressuring them to change their lifestyle is therefore a challenge. The market's growth rate will be impacted by this demographic factor.
The oil segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the beard care products market is classified into wax & cream, shampoo & conditioner, oil, and others. Among these, the oil segment is predicted to hold the greatest market share through the forecast period. Beard oil can further address common issues such as dryness, itchiness, or beard dandruff. These applications of beard oil and the growing interest in beard grooming will attract more new players to the market, which is going to further propel the growth of the market.
The convenience stores segment is predicted to hold the greatest market share through the forecast period.
Based on the distribution channel, the beard care products market is classified into supermarkets and hypermarkets, convenience stores, online, and others. Among these, the convenience stores segment is predicted to hold the greatest market share through the forecast period. In-store personal assistance offered by the stores further drives customers to the stores, which is to add to the market growth.
Europe is estimated to hold the largest share of the beard care products market over the forecast period.
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Europe is estimated to hold the largest share of the beard care products market over the forecast period. The expansion of the market is ascribed to the region's increasing focus on personal grooming and greater disposable income. The expansion of men's salons throughout Europe has also contributed to the rise in sales of products for maintaining beards.
Asia Pacific is predicted to have the highest CAGR growth in the beard care products market over the forecast period. Some of the factors propelling the growth of this market are the increasing trend of men's grooming and the presence of major companies in the region. increasing image consciousness, rising disposable income, and development activities by global and local players in the region, leading to increased awareness and product demand.
Major key players in the beard care products market include The Famous Beard Oil Company LLC, L'Oreal, Unilever, honestamish, The Man Company, Beardbrand, The Bearded Bastard, LLC., Texas Beard Company, Liberty Premium Grooming Co., Smoky Mountain Beard Co., Murdock London, Badass Beard Care, Zeus Beard Products, and Others.
Recent Developments
- In April 2024, The Shop launched a new line of men's grooming products at Walmart. The new line features seven products that are vegan and cruelty-free, for skin, hair, and beard care, including aftershave-toner, pomade, and shave and beard creams.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the beard care products market based on the below-mentioned segments:
Global Beard Care Products Market, By Product
- Wax & Cream
- Shampoo & Conditioner
- Oil
- Others
Global Beard Care Products Market, By Distribution Channel
- Supermarket and Hypermarket
- Convenience Stores
- Online
- Others
Global Beard Care Products Market, By Regional Analysis
- 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
About the Spherical Insights & Consulting
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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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