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Hair Removal Market Size

Report ID: GMI7337
Published Date: Nov 2023
Report Format: PDF

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Hair Removal Market Size

Hair Removal Market size was valued at around USD 1.14 billion in 2022 and is estimated to reach USD 1.89 billion by the end of 2032 attributed to the increasing self-care and personal grooming awareness, influence of social media and influencers, Shift in male grooming habits.

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The evolving grooming habits among men are significantly propelling the industry. Traditionally, men's grooming routines often centered on facial hair maintenance, but a visible cultural shift has emerged, embracing a broader spectrum of grooming practices, including body hair removal. Social media influences, fitness and fashion trends, and the development of specialized products for coarser hair have contributed to this cultural transformation.

Hair Removal Market Report Attributes
Report Attribute	Details
Base Year:	2022
Hair Removal Market Size in 2022:	USD 1.14 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 1.89 billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	150
Segments covered:	Products, Body Parts, Demographic, End-use, and Distribution Channel
Growth Drivers:	Increasing self-care and personal grooming awareness Influence of social media and influencers Shift in male grooming habits
Pitfalls & Challenges:	Adverse Reactions and Side Effects Rising environmental concern from single use products.

What are the growth opportunities in this market?

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Social media and influencers have significantly impacted the industry by reshaping beauty norms and influencing consumer behaviours. Platforms like Instagram, YouTube, and TikTok are instrumental in setting trends and promoting grooming practices, including hair removal. Influencers and celebrities often share their grooming routines, endorse specific products, and showcase the effectiveness of various hair removal methods. Their testimonials and recommendations create trends, encouraging followers to try new techniques, products, or services, thereby driving consumer interest and shaping purchasing decisions.

Authors: Preeti Wadhwani, Avinash Singh

Frequently Asked Questions (FAQ) :

Global market for hair removal was valued at around USD 1.14 billion in 2022 and is estimated to reach USD 1.89 billion by 2032, attributed to the increasing self-care and personal grooming awareness, influence of social media and influencers, and shift in male grooming habits.

The ready to use wax strips & wax segment account for around 35% market share in 2022 as the product is valued for its simplicity and effectiveness in removing hair from various body parts.

North America market held 35% share in 2022 and will record notable growth through 2032, due to high consumer awareness, well-established beauty industries, and significant investments in R&F for innovative hair removal products and services.

Procter & Gamble (P&G), Unilever, Loreal Groupe, Reckitt Benckiser (Veet), Uniliver, Church & Dwight, Tria Beauty, Spectrum Brands (Remington), Self Esteem Brands, Philips, and Cyden.