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Hair Removal Products Market Trends

Report ID: GMI11771
Published Date: Oct 2024
Report Format: PDF

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Hair Removal Products Market Trends

The expansion of e-commerce has increased the accessibility of hair removal products, making purchases easier and boosting brand visibility. A wide variety of products, designed for different hair types, skin sensitivities, and personal preferences, not only broadens consumer choices but also drives sales growth. Endorsements from beauty influencers on social media spur individuals to discover and experiment with new hair removal methods. Additionally, shifting fashion trends that prioritize hairless skin are prompting consumers to invest in grooming solutions to stay in tune with modern aesthetics.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global hair removal products industry was valued at approximately USD 14.7 billion in 2023 and is estimated to grow at a CAGR of around 4.7% from 2024 to 2032, driven by heightened awareness of personal grooming and hygiene, especially among younger generations.

The wax segment accounted for revenues of about USD 5.6 billion in 2023 and is expected to reach USD 8.6 billion by 2032.

North America held the largest market share of around 37% in 2023 and is estimated to register a CAGR of around 5% between 2024 and 2032, fueled by a growing demand for a spectrum of hair removal products, from traditional methods like shaving and waxing to modern solutions such as laser hair removal.

Key players in the hair removal products industry include Beiersdorf AG, Braun GmbH, Conair Corporation, CyDen Ltd., Emjoi Inc., Epilady Ltd., Home Skinovations Ltd., L'Or