Global Male Grooming Product Market Size To Exceed USD 124.89 Billion By 2033 | CAGR of 5.36%
Category: Consumer GoodsGlobal Male Grooming Product Market Size To Exceed USD 124.89 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Male Grooming Product Market Size is Expected to Grow from USD 74.1 Billion in 2023 to USD 124.89 Billion by 2033, at a CAGR of 5.36% during the forecast period 2023-2033.
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Browse key industry insights spread across 231 pages with 110 Market data tables and figures & charts from the report on the "Global Male Grooming Product Market Size, Share, and COVID-19 Impact Analysis By Product Type (Shaving Products, Skin Care, Hair Care, Fragrances, and Others), By Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), By Application (Personal, Commercial), 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/male-grooming-product-market
The mens grooming products market is the worldwide industry that produces, distributes, and sells personal grooming and care products exclusively for the male consumer. The market has grown well beyond simple shaving products, with a broad array of categories for skin care, hair care, body care, beard care, and fragrances. The mens grooming products industry is experiencing a record trend towards clean label products as a result of rising consumer consciousness regarding the ill effects of some ingredients, such as additives, pigments, parabens, and aluminum in grooming products. Additionally, the rising consciousness among consumers has prompted manufacturers to launch natural, organic, and transparent label products, as consumers now prefer brands with natural claims in their formulations. Furthermore, the increasing awareness results in high demand for basic grooming goods such as deodorants and shaving creams, but also widens the market space for skincare, haircare, and beard care products. Since societal perceptions keep changing, the trend is going to result in continued growth for the mens grooming industry. However, brand monopoly and brand loyalty are the key restraints for the market. Owing to brand monopoly in some of the product segments, including the shaving product segment, with about 50 percent market share, private equity firms and venture capitalists have generally not put substantial investments into the industry in the past.
The skin care segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product type, the global male grooming product market is divided into shaving products, skin care, hair care, fragrances, and others. Among these, the skin care segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by growing consciousness among men towards personal grooming and hygiene across the world has been fueling the demand for men's skincare products in recent years.
The skin care segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on distribution channels, the male grooming product market is segmented into online stores, supermarkets/hypermarkets, specialty stores, and others. Among these, the supermarkets/hypermarkets segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to its capacity to provide wide product ranges, competitive prices, and regular promotional events that appeal to price-sensitive consumers.
The personal segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global male grooming product market is categorized into personal and commercial. Among these, the personal segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the presence of cheap, easy-to-use grooming products and tools, men would rather do their grooming routines at home than go to salons.
Asia-Pacific is expected to hold the majority share of the global male grooming product market during the forecast period.
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Asia-Pacific is expected to hold the majority share of the global male grooming product market during the forecast period. Asia-Pacific dominates the market because of rapid urbanization, rising disposable incomes, and a burgeoning middle-class population. Moreover, China, India, and Japan are among the countries driving demand for male grooming products because of the growing awareness regarding personal grooming and the adoption of Western grooming trends.
Europe is anticipated to grow at the fastest pace in the global male grooming product market during the forecast period. The market is driven by increasing demand due to the increasing metrosexual culture in the region is likely to propel the growth of the market. Furthermore, most of the young consumers use body lotions, perfumes, powders, and deodorants in order to appear better and win over their contemporaries.
Recent Development
- In October 2024, ASORT launched its premium men's grooming range under the Mr. Huffman brand. With a commitment to providing high-quality, innovative products that meet the needs of men, Mr. Huffman is set to revolutionize grooming norms and enhance the self-care experience for men in India.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the male grooming product market based on the below-mentioned segments:
Global Male Grooming Product Market, By Product Type
- Shaving Products
- Skin Care
- Hair Care
- Fragrances
- Others
Global Male Grooming Product Market, By Distribution Channels
- Online Stores
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Male Grooming Product Market, By Application
- Personal
- Commercial
Global Male Grooming Product 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
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