Cosmetic Ingredients for Hair Removal Market Size - By Type, Category, Application Growth Forecast, 2025 - 2034

Cosmetic Ingredients for Hair Removal Market Size

The global cosmetic ingredients for hair removal market was estimated at USD 4.5 billion in 2024. The market is expected to grow from USD 4.8 billion in 2025 to USD 8.5 billion by 2034, growing at a CAGR of 6.6%.
 

There has been observable advancement within the market for cosmetic ingredients and depilatory products over the past 10 years. The demand for depilatory products has grown in conjunction with personal care routines which has further increased the demand for chemical and natural ingredients specifically formulated for depilatory purposes. Such ingredients include soft and hard waxes, creams, gels, and foams containing relevant constituents such as glyceryl rosinate, beeswax, thioglycolic acid, lanolin, essential oils, and glycerin.
 

This segment has shown steady growth due to rising concept of “at-home” grooming, increasing consciousness regarding one’s physical appearance, and overall consumer aesthetic purchasing. From 2020, global consumption of hair removal ingredients experienced slow, yet steady growth with a distinct rise in developing economies where grooming products became more available. By using both Natural and Synthetic, the increase in grooming products in various regions led to a noticeable spike in the demand of ingredients across most regions.
 

The market share of natural ingredients is growing over the historical period due to the clean-label trend. Soft and hard waxes marketed as gentle or eco-friendly use honey, essential oils, and lanolin as basic ingredients. These are also preferred for soft and hard wax applications.
 

On the other hand, thioglycolic acid and hydrogenated rosin, to name a few, preserve their market share in the depilatory creams and waxes category, especially in sophisticated waxes. These are chosen for their chemical's effectiveness in cleaving keratin and providing rapid depilation, which serves the needs of consumers who prefer convenience and durability.


By application, the classification of soft wax and hard wax product ingredients shows soft wax products with leading consumable ingredients. This is mainly because of faster product turnover and greater utilization in retail and commercial outlets. While hard wax formulations still represent a smaller share, they have, over time, increased demand for a wider range of ingredients, especially those for more delicate skin areas.
 

Projections in the forecast estimate a sustained increase in the use of cosmetic ingredients designed for hair removal. Innovative designed products, aggressive marketing strategies, and deeper penetration of hair removal solutions into new geographic and demographic areas are the expected primary drivers for growth. Market expansion during the forecast period is also expected with regulation-driven skin-friendly, low irritation formulations.
 

Cosmetic Ingredients for Hair Removal Market Trends

Surge In demand for hair removal treatments performed in the comfort of one’s home: The surge in at-home hair removal solutions is a direct result of hair removal spas and salons heightening their beauty regime pricing and users opting for more convenient and pocket friendly alternatives. For example, Urban Yog, an Indian brand, recently (2022) launched a simple and hassle-free hair removal spray enriched with Aloe Vera and tulip extract. This product not only addresses hair removal but also aids in reducing dryness, while locking moisture into the skin, thereby catering to the shift towards multifunctional at-home skincare products. ?
 

Increase In consumers looking for natural and organic ingredients in cosmetics: With the rise in use of personal care products, there has been an increase in demand as well as supply for organic and natural constituents. Meeting that demand, Hoosh introduced vegan hair removal creams made with natural constituents adhering to the clean beauty initiative and leaving no choice but to succumb to the customer’s desire for safer and more ecofriendly goods.
 

Developing stratum of spas for recreation in stimulating economies: In emerging economies, urbanization together with higher income levels are increasing the demand for personal care goods. Taking India as an example, people are now more aware of self-care and grooming, which in turn increases demand for personal grooming. Companies are responding to the demand by rolling out specialized marketing and products that serve the lower-end sections of these emerging economies.
 

• For instance, The Global Wellness Institute reports that the global spa industry has grown significantly, from 71,800 spa establishments generating USD 47 billion in 2007 to 191,348 spas earning USD 137 billion in 2023. This reflects a 6.9% annual revenue growth rate. The expansion is driven by rising incomes, wellness tourism, and a growing global focus on wellness lifestyles.
   

Marketing strategies targeting women: Skincare is a global multi-billion-dollar industry. The beauty and self-care industry are defined as over USD 600 billion business in revenue, with an inexplicable amount concerning hair removal. Centers targeted at self-care, beauty parlors, clinics etc. utilized the rising capitalism in India increasing their services and marketing extensively, selfcare retreats to see a growth at the end of 2024.
 

Cosmetic Ingredients for Hair Removal Market Analysis

The international market sees changes in consumer behavior and the introduction of new products are influencing the regulatory environment and transforming the market of cosmetic ingredients for hair removals. The accompany shift toward “clean beauty” is a particularly striking factor, consumers are deeply driven by marketing, expect to be given products that are explicit and ‘clean’, and don’t inhale chemicals of any kind, which initiates formulators to use essential oils, shea butter, and beeswax instead of parabens and sulfates. Along with the clean range of ingredients, we are also seeing the inclusion of multifunctional ingredients called ‘Depilatory Soothing and Smoothing’ which enable the user to achieve smooth skin and soothe or moisturize the skin at the same time.
 

The incorporation of vegan elements is driving innovation in the cosmetics ingredients market for hair removal, as consumers increasingly seek cruelty-free and plant-based alternatives that align with their ethical and wellness values, boosting demand and expanding product offerings. With regard to ethical consumerism, the shift towards using compassionate and animal-friendly ingredients devoid of lanolin is being witnessed alongside guarantees that animal testing is not done. This is pronounced more amongst younger generations like Gen Z and the millennials.
 

• For instance, regulatory changes are certainly important, policies legislating the use of specific chemical agents in depilatory creams have been widespread in Europe and are being considered in the USA, at the same time ingredient providers are coming up with more effective and compliant solutions. This is making suppliers and brands conduct more research to come up with alternatives.
   
• Most importantly, the rate at which bio-based and biotech ingredients are adopted is increasing. From these are redefining the overall product development strategies. There is an increase in ingredient manufacturers that are using green chemistry and fermentation processes to create safe and sustainable depilatory actives that are as effective as the synthetic ones.

The cosmetic ingredients for hair removal market from beeswax type segment was valued at USD 1.2 billion in 2024, and it is anticipated to expand to 6.9% of CAGR during 2025-2034.
 

Beeswax is the most prominent ingredient in the context of cosmetic hair removal due to its natural source, skin-soothing attributes, consumer trust, and skin calming virtues. Moreover, considerable amounts of hard wax which are quite popular for the removal of coarse hair and yet gentle on sensitive skin contain beeswax. Applicators do not need strips in removing it, which makes it easy to use in beauty salons and at home, and its semi-solid form allows application directly on the skin.
 

Natural beeswax, devoid of any complex industrial treatment, is a guarantee that strict policies and contaminating cosmetic management, trends towards more natural and biological beauty products, contribute to the above-mentioned dominance of beeswax in the industry. As consumers rush to shop for synthetic fillers and chemicals, beeswax serves as the best ingredient in clean label cosmetics containing no suspicious ingredients.
 

Other components have specific functions in the ecosystem of the hair removal formulation. As adhesive components in strip waxes, Glyceryl Rosinate and Gum Rosin provide a good hold on hair shafts. Due to its aggressive nature, Thioglycolic acid is more selectively used, but remains an important active agent for hair removal creams because of its chemical bond breaking capability at the base of hair follicles.
 

At the same time, some ingredients such as lanolin and glycerin perform the function of conditioners and moisturizers, thus helping to mitigate the skin irritation that may occur because of hair removal. Essential oils which serve as fragrance constituents have anti-inflammatory properties and enhance the value of the products. The more advanced the formulations become, the more synergistic the interactions between these ingredients become the main vector of product design innovation.
 

The cosmetic ingredients for hair removal market from natural waxing ingredients segment was valued at USD 2.9 billion in 2024 and gained 6.9% CAGR from 2025 to 2034 with a market share of 65.4%. 
 

In 2024, the sector of hair removal cosmetics based on natural waxing constituents is bound to expand due to increasing consumer sales of clean-label beauty and wellness products. Excelling options like beeswax, sugar, resins, and essential oils are being embraced because of their non-toxicity, eco-friendliness, and suitability towards sensitive skin which makes them even more herbal in origin.
 

The waxing product market has been witnessing major competition and innovation because of eco-friendly waxing alternatives without synthetic preservatives. These waxes act as strong preservatives and focus more on self-care well portraying a shift in consumer behavior towards holistic wellness. The market is further bolstered by the appeal of organic certification, sustainability claims, clear-from product labeling, and nature devoid constituents.
 

This growth in the market is being strategically used by manufacturers to develop multifunctional natural wax formulations which now have skin soothing properties alongside hair removal. These products often contain herbal extracts or oils which aid in nourishment and provide hydration while also soothing and calming the skin, thereby improving user experience. Furthermore, natural composition harmonizes with the latest shifts towards waterless beauty and minimalistic formulations, thus adding to market growth.
 

In contrast to the ever-growing desire for transparency and traceability of ingredients, natural waxes are likely to remain in focus from formulation perspective, appealing to consumers and formulators alike with their efficacy and gentle solution.
 

U.S. cosmetic ingredients for hair removal market were valued at USD 1.1 billion in 2024 and expected to grow at a 6.9% CAGR from 2025-2034.
 

Due to the surge in demand for natural hair removal products has been linked to the change in the American consumer's perception on self-care, as well the adoption of active caring lifestyle. Moreover, the growing concern towards personal hygiene and lifestyle is leading consumers to search for effective and safe methods of hair removal, thus contributing to the expanding business of cosmetic constituents designed for such products.
 

• For instance, Cosmetic products, including those associated with hair removal, are required to have accurate and truthful labeling under FPLA regulations. This also includes the proper listing of ingredients, along with associated cautionary instructions pertinent to the safe use of the product as well. Not following these requirements means that the products in question may be deemed to be ‘misbranded’.
   
• FPLA requires that hair removal products marketed as cosmetics are truthfully and accurately labeled. Such labels include warning and precautionary instructions commensurate with the safe use of the cosmetic. The ingredients of the hair removal cosmetic must also be listed. If such instructions are not followed, the product may be legally deemed ‘misbranded’.
   

At the same time, innovations in product development and supportive policies regarding gentle ingredients have positively fueled the market growth. Therefore, the anticipated rise in the use of organic components in cosmetic aids will further aid market development in the future.
 

Consumer behavior along with the grooming culture heavily drives the demand for these products in the U.S. and Canada. Business policies in America are significant for safety and efficacy, driving growth in the market at hand. Also, the boom of DIY and natural beauty care products further drives the market in these countries. Thus, the U.S. market will spearhead modifications in the constituents of beauty products for hair removal.
 

• For instance, the regulation of cosmetics in the U.S. is performed by the FDA under the Federal Food, Drug, and Cosmetic Act (FD&C Act), which restricts dangerous constituents and safeguards the security of products. Certain ingredients such as bithionol, chloroform, and mercurial compounds are banned or restricted in use within cosmetics. Some products may need color additives or drug ingredient FDA approval—their labeling also must be verified for safety. The FDA does surveillance and acts over noncompliant products.
   

Cosmetic Ingredients for Hair Removal Market Share

The global cosmetic ingredients for hair removal industry analysis and forecast report revealed that the 5 major industry players in the value chain includes, Koster Keunen, Arkema Global, SOPHIM IBERIA S.L, Synthomer and Making Cosmetics Inc. – hold a considerable market share. Koster Keunen, is reputedly the industry’s strongest participant given his focus on wax derivatives where his products enjoy international distribution and purchase.
 

Price competition is less viable within this market context since the focus is placed on innovations and sustainability claims, preparedness for regulation, and the preservation of product purity.
 

• For instance, by introducing devices that make the process easier and augment skincare, manufacturers are changing the face of the hair removal industry. One such example is Nair which launched its Prep & Smooth Face, a depilatory face product that also smoothens and exfoliates the face while hair removal. These products have two specialized formulas Soothing Coconut Milk & Collagen and Hydrating Watermelon Extract & Hyaluronic Acid, which cater to different skin types. Enhanced convenience is offered to consumers with the patented unique applicator tip which enables touch-free application.
   

Responding to the evolving preferences of customers, main market players are changing by putting cleaner labels, natural, and skin safe ingredients with the aid of R&D funding. Arkema and SOPHIM IBERIA S.L. are further extending their territory through partnerships and acquisitions, which gives them better access to materials and greater control of the supply chains.
 

Differentiation by eco-certifications and organic sourcing serves in developed markets but remains highly sought after. There is also rising visibility of digital marketing with technical support for formulation offered to B2B clients. Furthermore, market dominance will be held by brands with a reputable brand image but unmet demand for long-lasting effective solutions for sensitive skin will require continued innovation in formulation technologies, targeted research on skin-friendly ingredients, and clear communication of clinical efficacy to build trust and meet consumer expectations.
 

Trade Impact

The Trump administration’s tariffs on cosmetic ingredients, including those for hair removal products, have had serious consequences for the beauty industry around the world. These tariffs have caused consequences for manufacturers, consumers, and international trade, including retaliatory actions from other nations that are causing supply chain and market strategy adjustments.
 

Given that the U.S. cosmetics sector operates using international supply networks, it has been adversely affected by tariffs. For example, Koreas and EU’s imports are taxed at 10% while imports from China are charged a hefty 145%. Many beauty products such as those for hair removal, require special components and packaging that are sourced from other countries. Increased production costs due to tariffs will be transferred to consumers through higher product prices, making hair removal aids more expensive down the line. By next year, consumers would be able to perceive the results of the tariffs.
 

A number of nations have taken measures in retaliation to the tariffs placed by the U.S. For instance, China has placed additional tariffs on 5,207 U.S. products, including the cosmetic ingredients used in hair removal products, at rates that go as high as 25%. This has made American beauty brands less competitive in China which might force consumer to turn to domestic brands or other foreign brands.
 

The cosmetic industry in Europe is apparently worried about the effects of tariffs on the continent’s international ranking. Pricing and supply chains could be disrupted due to the European Union’s 25% retaliatory tariff on American goods, inclusive of cosmetic constituents. Leaders in the industry are requesting for the EU to not impose these strict measures so that the sector is not undermined.
 

Southeast Asian countries are also adapting to the new intra-regional trade relationships. For example, Indonesia has thought about increasing import taxation on cosmetics. There are also other countries looking to capture the opportunities created by the market vacuums from the U.S.-China trade wars.
 

 The U.S. Trump’s tariffs on cosmetics’ ingredients have triggered “domino effects” on the globally integrated system of the beauty sector. Producers are struggling with heightened expenditures brought about by supply chain constraints, and so are customers who are facing purchasing power erosion as costs go up. Economic relations are increasingly becoming unfriendly with one country initiating aggressive responses, alter the politics of trade, and other countries following suit the shifts in trade.
 

Cosmetic Ingredients for Hair Removal Market Companies

Major players operating in the cosmetic ingredients for hair removal industry are:

• Koster Keunen: A leader in the wax market for its premium quality wax derivatives and extensive distribution channel worldwide. Sustainable innovation drives the company in natural wax processing. Premium hair removal products incorporate the company’s products.
   
• Arkema Global: A powerful player in the field of advanced chemical solutions in the cosmetic domain. Invests in the company’s eco-friendly and sustainable high-performance ingredients. Formulation efficiency and safety from global R&D are leveraged by the company.
   
• SOPHIM IBERIA S.L: Focusing on natural and organic ingredients for cosmetics, the company specializes for sensitive skin. Soothed and emollient vegetable ingredients dominate the portfolio. Supports clean and green beauty movement with the company’s portfolio.
   
• Synthomer: Offers hair removal products that premium specialty polymers improve texture and functionality for. Provides specific formulation customizations, so meeting diverse formulation requests is easy. User experience and functionality dominate the strong innovations focus.
   
• Making Cosmetics Inc.: Indian and mid-size cosmetic brands receive a large selection of raw materials from the company. Formulation assistance and guidance, especially in small batch and DIY segments, are supported technically. Re-knowned for excellence across all categories of cosmetic ingredients, accessibility, flexibility, and quality mark the company.
   

Cosmetic Ingredients for Hair Removal Industry News

• In December 2024, Phenotypeca collaborated with Hexis Lab to develop skin and hair products using advanced QTL technology. This partnership aims to address unsatisfied consumer demand for more scientifically validated and effective products. By leveraging AI and genomic-based screening, the collaboration focused on creating unique proteins and peptides that offer new benefits for skin and hair, with products set to be available by the end of 2024.
   
• In October 2024, L’Oréal partnered with Abolis Biotechnologies and Evonik to develop sustainable, biotech-based ingredients made from renewable sources, moving away from pollution-heavy synthetic processes. These ingredients, aimed at beauty and skincare products, will help reduce carbon pollution, conserve natural resources, and minimize environmental impact. The collaboration supports L’Oréal's "L’Oréal for the Future" sustainability commitments, focusing on bio-based ingredients for responsible beauty formulations.
   
• In September 2023, Bombay Shaving Company introduced a 'Magical' Hair Removal Spray, that outperforms any other tool or solution out there in the market presently. This unique DIY spray makes the cumbersome and painstaking process of men's body hair effortless and instant.
   
• In March 2023, Nair launched its Prep & Smooth Face, a new facial hair removal product with added skincare benefits. The product is available in two formulas: Soothing Coconut Milk & Collagen and Hydrating Watermelon Extract & Hyaluronic Acid. It features an innovative tube with an applicator tip for a touch-free, mess-free application.
   

This cosmetic ingredients for hair removal market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Type

• Glyceryl rosinate (rosin)/gum rosin
• Hydrogenated rosin
• Beeswax
• Essential oils
• Thioglycolic acid
• Lanolin
• Glycerin
• Others

Market, By Category

• Natural waxing ingredients
• Synthetic waxing ingredients

Market, By Application

• Soft wax
• Hard wax

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa