The Men’s Grooming Products Market is Expected to Reach
DUBAI, United Arab Emirates, May 12, 2022 (GLOBE NEWSWIRE) — The global market for men’s grooming products is set to grow at an unprecedented rate. A new research study by Future Market Insights (FMI) forecasts the global men’s grooming products market to reach USD 28,344.8 million by the end of 2029, witnessing exceptional growth at a double-digit CAGR of up to ‘in 2029.
Sales of men’s skin care products are mainly focused on shaving products, moisturizers, creams, sunscreens, cleansers and facial cleansers. Side effects associated with the use of personal care products, however, will remain the major factors limiting the sales of men’s grooming products in the near future.
Manufacturers are focusing on developing new products to ride the new trend of natural and organic skin care. Manufacturers have also stepped up their focus on sophisticated product ingredients and packaging for sharper profit margins. Growing demand for anti-aging and moisturizing products will be a significant driver for market growth.
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List of Main players covered by Men’s skincare products market are:
- Procter & Gamble plc
- Beiersdorf AG
- Johnson & Johnson Services, Inc.
- Estee Lauder Companies
- L’Oreal SA
- Unilever APIs
- Clarins Group
- Chattem Inc
- Clinical Laboratories
- Kiehl’s LLC
- Company Susanne Kaufmann
- Lancome Company
- Galderma Laboratories, LP
- Aveda Company
- Emami limited
- Dr. Bronner’s Society
- Scotch Porter Company
- Maapilim Company
- Brickell Men’s Goods Company
- Menaji Worldwide, LLC
Key Takeaways – Men’s Grooming Products Market
- In 2021, ~37% of global skincare products were launched in the UK, followed by the US with ~25% and France with almost ~15%.
- Europe will hold major shares of the men’s grooming products market due to the extremely high concentration of beauty and skin care manufacturers in the region.
- East Asia will be a lucrative investment pocket for companies in the men’s skincare product landscape as the J-beauty and K-beauty cosmetics trends are proliferating in this region at a rapid pace.
- The high demand for organic products will be one of the major attributes for the growth of the global men’s grooming products market.
- Oily skin issues for men remain the top revenue driver, while sensitive skin issues suggest an emerging category to invest in.
- Online retail would be the most profitable sales channel.
The clean beauty movement and microbiome care has gained momentum in Europe due to the high awareness of the products among consumers. These are observed as the latest trends in the skin care industry, which propel the growth of the European beauty and personal care market. These trends make the region account for the highest revenue share in the market.
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Premiumisation – The new market pioneer
Product premiumization has been observed as the latest trend in the men’s grooming products market. Today, companies offer natural and organic skincare products with natural extracts in attractive packaging that falls under the premium category. Globalization and economic growth, especially in developing countries, provide lucrative opportunities that various businesses can capitalize on. These companies are resorting to premiumizing their personal care product portfolios to strengthen their market position.
Who is Winner
The report highlights some prominent players in the global men’s grooming products market: Procter & Gamble plc, Beiersdorf AG, Johnson & Johnson Services, Inc., Estee Lauder Companies, L’Oréal SA, Unilever PLC, Clarins Group, Chattem Inc., Clinique Laboratories, Kiehl’s LLC, Susanne Kaufmann Company, Lancôme Company, Galderma Laboratories, LP and Aveda Corporation. Major players are targeting millennials with high spending capacity and developing high-end, celebrity-endorsed product lines.
The global market for men’s grooming products is significantly consolidated. These players offer men’s skincare under different brands targeting different demographic groups.
After On The report
Future Market Insights, in its new offering, provides analysis of the global Men’s Grooming Products market, showcasing historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The Men’s Grooming Products study reveals compelling insights into the Men’s Grooming Products market on the basis of Product (Face Cleansers & Cleansers, Moisturizers & Creams, Serums, Oils & Treatments, Shaving Care, sunscreen, facial scrubs and polishes, and others), skin (oily, dry, sensitive, combination, and normal skin types), price range (economy, mid-range, and premium), source (organic, conventional), and sales channel. sales (supermarkets/hypermarkets, specialty stores, multi-brand stores), discount stores, grooming salons/clubs, drugstores and pharmacies, online retailers, other sales channels), in seven major regions.
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Detailed Table of Contents:
- Global Market Outlook
- Summary of key statistics
- Summary of key findings
- Analysis of product evolution
- MFI analysis and recommendations
- Market overview
- Market Taxonomy
- Market scope
- Main market trends
- Key trends impacting the market
- Winning themes
- Product Development Trends
- Brand mapping analysis
- Price versus product
- Value for money
- Top of Mind Men’s Skincare Brands
- Brand Loyalty Mapping
- Brand portfolio by key players
- Brand positioning the main sales differentiator
- 2014-2021 Global Men’s Skin Care Products Demand Analysis and Forecast, 2022-2029
- Historical Market Volume Analysis (Mn Units), 2014-2021
- Current & Future Projections of Market Volume (Mn Units), 2022-2029
- Analysis of annual growth trends
- Global Men’s Grooming Products Market – Price Analysis
- Price analysis by product type
- Prize Breakdown
- Manufacturer Level Pricing
- Pricing at distributor level
- Comparative analysis of world average prices
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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