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Beard Grooming Products Market Size
- Report ID: GMI8191
- Published Date: Feb 2024
- Report Format: PDF
Beard Grooming Products Market Size
Beard Grooming Products Market size was valued at USD 23 billion in 2023 and is anticipated to register a CAGR of over 6.2% between 2024 & 2032. The rising popularity of beards and facial hair among men in recent years, coupled with the increasing emphasis on personal grooming & self-care, is significantly boosting the industry progression.
Another factor contributing to industry expansion is the availability of a wide range of products catering to different beard types and styles, ranging from short stubble to long, full beards. This has made it easier for men to maintain their desired beard style and encouraged them to experiment with new looks, thereby propelling the demand for beard grooming products.
Additionally, the use of natural & organic ingredients in beard grooming products has gained traction among consumers, leading to the introduction of more eco-friendly and sustainable options in the market. Men are becoming more conscious about the ingredients used in their grooming products and are willing to pay a premium for products that are free from harmful chemicals. This has also led to the development of innovative products that not only promote beard growth and maintenance but also offer additional benefits such as hydration, nourishment, and anti-aging properties.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Beard Grooming Products Market Size in 2023: | USD 23 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 6.2% |
| 2024 – 2032 Value Projection: | USD 39 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 480 |
| Tables, Charts & Figures: | 428 |
| Segments covered: | Product Type, Ingredient, Purpose, End Use, Price, Distribution Channel, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Health & safety concerns related to the use of certain ingredients in beard grooming products can impact consumer confidence and sales. Ingredients, such as parabens, sulfates, phthalates, and synthetic fragrances, have been associated with skin irritation, allergic reactions, and potential long-term health risks. Additionally, the proliferation of counterfeit beard grooming products poses a threat to legitimate manufacturers and brands, undermining brand reputation & consumer trust. Regulatory compliance and product safety requirements pose challenges for beard grooming product manufacturers. Stringent regulations governing product labeling, ingredient disclosure, manufacturing practices & safety standards vary by region and may require costly compliance measures.
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Beard Grooming Products Market Scope
