Hair removal products market report
Business Research Company recently published a comprehensive report on the global hair removal products market size and trend analysis with forecasts from 2024 to 2033. This latest market research report provides a wealth of valuable insights and data, including global market size, regional share, and competitors’ market share. Additionally, it covers current trends, future opportunities, and important data to succeed in the industry.
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According to The Business Research Company, the market size for hair removal products has grown significantly in recent years. It is expected to grow from $4.16 billion in 2023 to $4.38 billion in 2024, at a compound annual growth rate (CAGR) of 5.2%. Growth during this historical period can be attributed to increased demand for natural and environmentally friendly products, changing fashion trends, increased awareness of personal hygiene, increased disposable income, and demand for hair removal products.
The hair removal products market size is expected to grow significantly in the coming years. It is expected to grow to $5.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to the rising demand for these hair removal products, surge in traffic on e-commerce sites, growing awareness towards personal grooming, increasing spending on personal care products and increasing number of grooming businesses. Masu. Key trends during the forecast period include product adoption, advances and huge investments, introduction of innovative products, technologies adopted by cosmetic and medical professionals, and growing need for easier and more efficient hair removal methods. Contains.
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Market drivers and trends:
The increasing number of groomers is expected to drive the growth of the hair removal products market in the coming years. Grooming business refers to industries and services that provide grooming and personal care to individuals. Cultural norms, personal grooming preferences, and aesthetic trends drive the demand for hair removal products, as individuals seek smooth skin and hair-free areas for reasons such as hygiene, comfort, and self-confidence. Grooming companies use hair removal products to provide comprehensive services that address customers’ aesthetic preferences and hygiene needs, improving their overall grooming experience. For example, a report published by the International SPA Association (ISPA), a US-based nonprofit trade organization, in April 2024 found that total revenue for the US spa business will increase in 2021 from $18.1 billion in 2021. increased to $20.1 billion. In 2023, it will rise by more than 11%. Therefore, the increasing number of groomers is driving the growth of the hair removal products market.
Leading companies in the hair removal products market are innovating solutions such as candied hair removal products to meet the diverse needs of consumers seeking effective and skin-friendly hair removal methods. Sugaring is a natural hair removal method that uses a paste made from sugar, lemon juice, and water to remove hair and exfoliate the skin. For example, in February 2021, Sugar Sugar Wax, a UK-based company specializing in sugar hair removal products, launched Glow Goop, a sugar hair remover and exfoliant. Made with only three natural ingredients: cane sugar, water, and organic lemon juice, Glow Goop is a gentle and eco-friendly alternative to traditional wax. Unlike traditional wax, it only attaches to dead skin and hair, resulting in a less painful hair removal experience and less skin irritation. Additionally, it acts as an exfoliant, removing unwanted hair and dead skin cells, leaving your skin smooth, clean, and revitalized. This dual-action formula highlights Glow Goop’s dedication to providing natural, effective, and user-friendly hair removal solutions.
Key benefits for stakeholders:
• Comprehensive market insights: Stakeholders have access to detailed market statistics, trends, and analysis that help them understand the current and future status of the industry.
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• Competitive Advantage: Detailed competitor analysis and market share information allows stakeholders to identify opportunities to outperform the competition.
• Customized Solutions: Business Research Company provides customized reports that address your specific needs and ensure that your stakeholders gain relevant and actionable insights.
• Global Perspective: The report covers different regions and markets, offering a broad perspective that helps stakeholders expand and succeed in their businesses globally.
Major key players in the market:
Reckitt Benckiser Group plc, Braun GmbH, Church and Dwight Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc., Alma Lasers, Solta Medical, Fotona Doo, Sciton Medical & Aesthetic Laser Technologies, Silkn Beauty Ltd., Tria Beauty Inc., Nair, Flamingo, Lynton Lasers, SoftSheen Carson Inc., Sue Ismiel and Daughters, Italwax, Parissa Laboratories Inc., The Darent Wax Company Ltd., Le Club Perron Rigot, Sally Hansen Inc. , Star Pill Wax Co., Ltd.
Key Insights of Hair Removal Products Market in 2024:
• The market size of hair removal products is expected to grow significantly in the coming years. It is expected to grow to $5.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Growth in grooming business boosts hair removal products market
• An innovative sugaring hair removal product that revolutionizes the market.
• North America was the largest region for hair removal products market in 2023
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