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Post Shave Care Products Market Analysis

  • Report ID: GMI11161
  • Published Date: Aug 2024
  • Report Format: PDF

Post Shave Care Products Market Analysis

Based on Product Type, the market is segmented into Lotion, Gel, Cream, Balm and Others (Oil, Spray). The Lotion segment dominated the market in 2023, generating a revenue of USD 1 billion, and is expected to grow at a CAGR of 6.1% during the forecast period from 2024-2032 due to its versatile formulation, which offers a balance between moisturizing and soothing the skin after shaving. Consumers like lotions because they are light, non-greasy, and easy to apply, making them good for different skin types. They often have ingredients that add moisture, which is helpful after shaving, making them popular for daily use. Furthermore, lotions also absorb quickly, providing fast relief from irritation or dryness, which makes them even more appealing. Their wide use and skin-friendly properties have made lotions a strong presence in the market.
 

 Post Shave Care Products Market Revenue Share, By Distribution Channel, (2023)

Based on Distribution Channel, the Post Shave Care Products Market is classified into Online and Offline. The offline distribution channel dominated the market in 2023, acquiring a market share of 65.5% and is expected to grow at a CAGR of 4.3% during the forecast period from 2024-2032. Pharmacies, supermarkets, and specialty grooming shops let customers see and try products before buying. This tactile experience is particularly valuable for personal care products like post-shave care items, where consumers often seek reassurance about the product's texture, scent, and effectiveness. Additionally, these stores also offer instant satisfaction since customers can buy and take-home products right away, unlike waiting for online orders. Personalized service and expert advice in these stores boost customer confidence and satisfaction.
 

Asia Pacific Post Shave Care Products Market Size, 2021 - 2032 (USD Billion)

Asia Pacific market exceeded USD 1 billion in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period from 2024-2032. This dominance is attributed to the region's large and diverse population, which drives substantial demand for these products. Rising disposable incomes and growing awareness of grooming and personal care have further fueled consumption. The increasing adoption of grooming routines among men, influenced by modern lifestyle trends and heightened grooming standards, has significantly bolstered the market.
 

U. S dominated the North America Market in 2023 acquiring a market share of 87.4% and is expected to grow at a CAGR of 5.9% during the forecast period from 2024-2032. The U.S. market's leading position reflects strong consumer demand, driven by high disposable incomes, a growing emphasis on personal grooming, and increasing awareness of skincare products.
 

Germany dominated the European market in 2023, acquiring a market share of 14.6% and is expected to grow at a CAGR of 6.2% during the forecast period from 2024-2032. Germany's dominance is driven by robust consumer demand, heightened awareness of personal grooming, and a strong preference for quality skincare products in the region.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Global industry size for post shave care products was valued at USD 3.3 billion in 2023 and is anticipated to register 5.7% CAGR between 2024 and 2032 due to the rising awareness about personal grooming among men.

The offline segment in the post shave care products market held 65.5% revenue share in 2023 driven by customers preferring tactile experience, instant purchase, and personalized service in physical stores for personal care products.

Asia Pacific market is expected to record 5.8% CAGR through 2032, attributed to the region's large and diverse population and rising disposable income.

Baxter of California, Beiersdorf, Billy Jealousy, Colgate-Palmolive Company, Coty Inc., Edgewell Personal Care, Estée Lauder Companies Inc., Herbacin Cosmetic GmbH, and L’Occitane en Provence, among others.

Post Shave Care Products Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 49
  • Countries covered: 19
  • Pages: 135
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