Hair Removal Wax Pen Market - By Ingredients, By Skin Type, By Price, By Application Area, By Consumer Group, By End Use, By Distribution Channel Analysis, Growth Forecast, 2025 - 2034
Report ID: GMI10068
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Published Date: April 2025
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Report Format: PDF
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Base Year: 2024
Companies covered: 15
Tables & Figures: 180
Countries covered: 18
Pages: 220
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Hair Removal Wax Pen Market
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Hair Removal Wax Pen Market Size
The global hair removal wax pen market size was estimated at USD 60.9 million in 2024. The market is expected to grow from USD 64.1 million in 2025 to USD 119.5 million in 2034, at a CAGR of 7.2%. The market is driven by surging preference for at-home hair removal, focusing on personal hygiene and health, increasing demand for personal grooming along with the rising disposable income and spending capacity.
Increased awareness towards body grooming and cleanliness, particularly in the younger generations, has increased demand for hair removal products. According to this statistic based on the U.S. Census data and Simmons National Consumer Survey (NHCS), 26.30 million Americans used hair removal products (bleaching, depilatories or waxing) in 2020. This figure is anticipated to decrease to 24.27 million in 2024.
Manufacturers are developing more advanced wax formulas that enable a less painful, smoother application, and stronger adhesion to the skin. Such developments have opened up waxing to a wider population and made it more appealing. Some of the wax pens include additional features like temperature adjustment or dual-use functionality like waxing and skin calming, making them more convenient and attractive to customers.
Furthermore, consumer spending on grooming is further boosting the market growth during forecasted period. As per the Attest U.S. Beauty & Grooming consumer survey, American men are increasingly shopping for makeup 54% of Americans interact with beauty & grooming brands on social media. A significant 35% of men aged 26-40 say they shop for makeup at least once a month, and nearly half of all Millennial men buy it at least occasionally. American consumers are most likely to say they spend between $26-50 per month on beauty/grooming products (27%), while the next largest percentage (23.5%) spend just $10-25 monthly.
Hair Removal Wax Pen Market Trends
Hair Removal Wax Pen Market Analysis
The market by ingredients is segmented into organic and synthetic. In 2024, the synthetic segment dominates the market generating revenue of USD 51 million and organic segment is expected to grow at CAGR of around 6.9% during the forecast period 2025 to 2034.
According to the consumer group, the hair removal wax pen market is segmented into men and women. Women made up 77% of the market in 2024, due to social media influence, demand for natural products, self-care trends along with increasing women workforce.
According to the distribution channel, the hair removal wax pen market is segmented into online and offline. Online made up 64% of the market in 2024, due to convenience and availability of wide range to choose.
With about 74% of the North American hair removal wax pen market share and estimated USD 13.4 million in revenue, the United States led the market in 2024. The expansion of the U.S. market is primarily driven by heightened awareness of hair removal products, preference for traditional methods like shaving and waxing for hair removal.
Europe: The rising demand for personal care and grooming products across the globe attracted counterfeits. These fake products pose serious risks to consumers, which often contain harmful substances like arsenic and lead. Counterfeit cosmetics are fake products designed to mitigate genuine ones, including packaging and branding.
The European Union has implemented regulations in place concerning track and trace to fight counterfeiting, ensuring the safety of the product. Indeed, measures by the EU Falsified Medicines Directive part of FMD were laid out to verify prescription medicines and some cosmetic products. Moreover, the EU Cosmetics Regulation (EC) No 1223/2009 ensures traceability within the EU market and sets out obligations for manufacturers and importers of cosmetic products.
Hair Removal Wax Pen Market Share
Hair Removal Wax Pen Market Companies
Major players operating in the hair removal wax pen industry are:
To improve the services and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
Hair Removal Wax Pen Industry News
This hair removal wax pen market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) and volume (Million Units) from 2021 to 2034, for the following segments:
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Market, By Ingredients
Market, By Skin Type
Market, By Application Area
Market, By Consumer Group
Market, By End Use
Market, By Price
Market, By Distribution Channel
The above information is provided for the following regions and countries: