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Hair Removal Market Trends

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

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Hair Removal Market Trends

The industry has witnessed a noticeable shift towards natural and eco-friendly products, mirroring a larger societal emphasis on sustainability and environmental consciousness. Consumers are actively seeking hair removal solutions made with organic or environmentally conscious ingredients, aiming to reduce the ecological footprint associated with grooming practices. Moreover, packaging within this segment is also adapting to meet these sustainable standards. Companies are exploring eco-friendly packaging options such as recyclable materials, biodegradable containers, and reduced plastic usage, aligning with the demand for environmentally responsible products.

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.