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Men’s Toiletries Market size was valued around USD 27.9 billion in 2023 and is anticipated to register a CAGR of 5.7% from 2024 to 2032. There has been a significant shift in societal attitudes towards grooming and personal care among men.
Traditionally, personal care products were primarily targeted towards women, but there has been a growing acceptance and encouragement of men to take care of their appearance and hygiene. This cultural shift has led to an increase in demand for men's toiletries. The market includes skincare products such as facial cleansers, moisturizers, and anti-aging creams, as well as grooming products like shaving creams, aftershaves, and hair styling products. These expanded offerings contribute to the overall growth of the personal care market.
Additionally, with the proliferation of information through the internet and social media, men have become more aware of the importance of grooming and personal care. They are now seeking products that cater to their specific skin and hair types, leading to the development of specialized men's toiletries. There is a growing emphasis on health and wellness globally, and this extends to personal care products as well. Men are increasingly seeking products that not only improve their appearance but also offer health benefits such as natural ingredients, UV protection, anti-aging properties, etc. This trend has fueled the demand for men's toiletries that not only cleanse and groom but also nourish and protect the skin and hair.
Additionally, with the proliferation of information through the internet and social media, men have become more aware of the importance of grooming and personal care. They are now seeking products that cater to their specific skin and hair types, leading to the development of specialized men's toiletries. There is a growing emphasis on health and wellness globally, and this extends to personal care products as well. Men are increasingly seeking products that not only improve their appearance but also offer health benefits such as natural ingredients, UV protection, anti-aging properties, etc. This trend has fueled the demand for men's toiletries that not only cleanse and groom but also nourish and protect the skin and hair.
Men can be price-sensitive when it comes to toiletries. While some are willing to invest in premium products for quality and efficacy, others may prioritize affordability. Balancing pricing strategies to appeal to different segments of consumers without compromising on product quality can be a challenge for manufacturers. Additionally, with several brands offering similar products, achieving product differentiation is crucial.
However, this can be difficult, especially in saturated product categories like shaving creams, deodorants, and body washes. Brands need to continually innovate and differentiate their offerings to stand out in the market. Compliance with regulatory requirements and standards, particularly regarding ingredient safety and labeling, is essential in the toiletries market. Ensuring that products meet regulatory guidelines in different regions can be complex and may require significant investment in testing and compliance measures.
Men
The skincare products segment recorded USD 7.6 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to significant shift in societal norms regarding male grooming.
North America men
Bulldog Skincare, Henkel AG & Co. KGaA, Johnson & Johnson, Kao Corporation, L'Or