Global skin care Market is the fastest growing segment in the Industry, Registering at a CAGR of 7.20 Billion over the forecast period 2020-2027. Men’s grooming covers various products ranging from hair care to skin care to shave care. Rapid innovations and development in various grooming solutions like hair spray, hair perfumes, and beard wax are offering tremendous growth potential to the market.
The cell culture market is projected to Register USD 45.12 billion by 2025 from USD 19.0 billion in 2020, at a CAGR of 10.3% during the forecast period.
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Market Overview
The market is primarily driven by the increasing consciousness among male consumers on personal wellness and appearance. Moreover, due to the increasing penetration of media, there is a rising societal pressure to always look good, thereby fueling the grooming products available for men.
Moreover, rapid innovations and frequent launches of various grooming solutions are offering tremendous growth potential to the market. For instance, Marico launched the Set Wet Studio X Charcoal, a charcoal-based range of male grooming products that include shampoo, body wash, peel-off face mask, face wash, and face scrub. Charcoal is considered a super ingredient, and it is increasingly being used in personal care products, both internationally and in the domestic market.
Scope of the Report
It includes products like moisturizers, face-wash, and soaps. Growing concerns among men to look good and make a positive impression on others are one of the reasons for the faster growth of the skin care segment.
The report on the global men’s grooming products market (henceforth, referred to as the market studied) offers key insights into the latest market developments. It analyzes the recent trends, drivers, and challenges affecting the men’s grooming products market. In addition, it provides the historical, current, and projected market sizes, in terms of value.
Competitive Landscape
The market studied is highly competitive, with numerous regional players, small- and medium-scale players, and key international players. The emergence of small-scale, private-label brands is a result of men having envisaged a connection with grooming products and having become more health-conscious than earlier.
Top Key Players
- Beiersdorf AG
- L’Oréal SA
- Procter & Gamble Co.
- Unilever
- Grooming Lounge
