Global Shaving Foam Market Size To Worth USD 843 Million By 2033 | CAGR of 4.52%
Category: Consumer GoodsGlobal Shaving Foam Market Size To Worth USD 843 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Shaving Foam Market Size is Expected to Grow from USD 442 Million in 2023 to USD 843 Million by 2033, at a CAGR of 4.52% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 102 Market data tables and figures & charts from the report on the "Global Shaving Foam Market Size, Share, and COVID-19 Impact Analysis, By Product (Conventional and Organic), By Distribution Channel (Online and Offline), 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/shaving-foam-market
The foam is applied before shaving to soften hair and shield it from nicks and cuts. Its ingredients soap, surfactant, water, and air help to produce foam that facilitates shaving and yields a smoother shave than cream or gel. The impact of advertisements and celebrity endorsements on digital media, along with the increased awareness among men regarding their care products, will support this market to a great extent. Trimmers and shavers are available for hair cutting but most of the population still prefer shaving by razor for a cleaner and smoother look which needs shaving foam which drives the market. Men's awareness is growing in hygiene and grooming, as more men are spending money on high-end products that provide a tidy appearance. However, men's preference for a full beard is driving the trend's increasing popularity and limiting the market. Since shaving foam products are more expensive than creams or gels, a larger portion of the population will not be able to purchase them. Women do not generally use shaving foam as they prefer other products such as wax and threading which does not need shaving foam, which will restrict market expansion.
The conventional segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the shaving foam market is classified into conventional and organic. Among these, the conventional segment is predicted to hold the greatest market share through the forecast period. The growing inclination of consumers, especially those from working-class backgrounds, for quick and comfortable shaving products, is anticipated to contribute to the demand for shaving foam.
The offline segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the distribution channel, the shaving foam market is divided into online and offline. Among these, the offline segment is anticipated to hold the greatest market share during the projected timeframe. Physical retailers have designed their stores with distinct layouts that cater to the needs of their male customer base. Some of the things driving this market's expansion are having a wide range of products in one place and having easy access to customer service when shopping.
Europe is estimated to hold the largest share of the shaving foam market over the forecast period.
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Europe is estimated to hold the largest share of the shaving foam market over the forecast period. Extensive client preferences to use shaving foam and established grooming traditions drive the market. Furthermore, as sustainability and ecological awareness have grown in importance in Europe, the popularity of natural and organic shaving foam options is a reflection of shifting consumer values and preferences.
Asia Pacific is predicted to have the highest CAGR growth in the shaving foam market over the forecast period. Driven by urbanization, shifting lifestyles, and higher levels of financial flexibility. Countries such as China, India, and Japan, with their large populations and increased consciousness of personal grooming, make substantial contributions to the market share of the region.
Major key players in the shaving foam market include The Procter and Gamble Company, Beiersdorf AG, Gillette, L'Oreal S.A, AHAVA, Biotherm, King of Shave, Nivea Men, Pierre Fabre Dermo-Cosmetique, Mary Kay Inc, Roger & Gallet, Godrej Group, Others.
Recent Developments
- In May 2023, Leipzig-Seehausen, a Beiersdorf facility, manufactured hair sprays, shaving foams, and NIVEA and Hidrofugal deodorants exclusively for the European market.
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 shaving foam market based on the below-mentioned segments:
Global Shaving Foam Market, By Product
- Conventional
- Organic
Global Shaving Foam Market, By Distribution Channel
- Online
- Offline
Global Shaving Foam 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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