Global Men’s Grooming Products Market Projected To Expand At A CAGR Of Approximately 5.8% By 2026 - ZMR

Global Men’s Grooming Products market, which garnered revenue worth 56.2 (USD Billion) in 2019, will register a CAGR of over 5.8% during the period from 2020 to 2026.

According to analysts at Zion Market Research, the global men’s grooming products market is estimated to augment at a CAGR of about 5.8% during the forecast period. In 2019, the global men’s grooming products market size was capitalized at USD 56.2 billion. Globally, men’s grooming has witnessed a dramatic change in the last few years. The thought behind personal grooming is to keep up basic cleanliness and hygiene of the body parts. The main aspect boosting the market expansion is surging beauty consciousness amongst men. The augmenting demand for male toiletries excluding shaving products is also propelling the market growth. Men’s grooming includes different products ranging from skin care to shave care to hair care.

Some of the major players in the market are Beiersdorf AG, Procter & Gamble Co., Colgate-Palmolive Company, Johnson & Johnson Consumer Inc., and L'Oréal SA.

Rising Awareness About Personal Hygiene Among Men To Boost The Global Men’s Grooming Products Market

The high disposable earnings and the desire to climb the corporate hierarchy have redefined the requirements of male grooming, and in the process, formed an eye-catching market for firms dealing in men’s products. This market is one of the fastest developing businesses in the customer brands space. The rising consciousness concerning the overall body care amongst men and surging influence of social trends are boosting the market growth. The rising demand for the e-commerce section is exponentially propelling the market. A large proportion of the young crowd is the impending user of different online portals, which overall present more knowledge in relation to the variety of grooming solutions presented in the market, thus propelling the demand for various products.

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The global men’s grooming products market is categorized on the basis of distribution channel, product type, and regional analysis. Based on the product type, the market is divided into skin care, hair care, fragrances, and others. Based on the distribution channel, the market is divided into convenience stores, supermarket/hypermarket, e-commerce, pharmacy, and others.

The Asia Pacific Region Estimated To Witness The Massive Growth During The Forecasted Period

Based on the geographical analysis, the global men’s grooming products market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Europe region developed as the largest domestic market during 2018 due to rising demand for hair & skin care products amongst men. The augmenting focus on the maintenance of a presentable and youthful appearance is a major factor impelling the market across Europe. The young consumers are ever more utilizing items like perfumes, deodorants, powders, and body lotions to improve their attractiveness and appearance among their peer groups. The Asia Pacific region is the fastest developing regional market and is expected to expand at a CAGR of about 8.4% during the forecasted period.

The global men’s grooming products market is segmented as follows:

Based on the product:

Fragrances
Hair Care
Skin Care
Others

Based on the distribution channel:

Pharmacy
Supermarket/Hypermarket
Convenience Stores
E-commerce
Others

By region:

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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