Hair Removal Products Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
The global hair removal products market size is expected to reach USD 3.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. Growing awareness about personal grooming, rise in consumer disposable income, increased spending on personal care products, and enhanced aesthetic appeal are some of the factors contributing to the market growth. Increasing acceptance of hair removal products among men is also one of the significant factors driving the market. As per the recent trends, a large number of men are indulging in various grooming activities, including hair removal. Furthermore, emerging trend of metrosexual culture has been driving the companies to introduce hair removal products suitable for men. For instance, Emjoi offers Emagine Epilator especially for men. This device is equipped with 72 tweezers, along with shaving and trimming attachments, which makes it a multi-purpose equipment. Electronic devices are expected to register the fastest CAGR of 6.0% over the forecast period. Increasing consumer demand for hassle free grooming products, coupled with technological advancement in every field, is expected to spur up the sales of electronic devices for hair removal such as epilators. Owing to increasing demand for quick fix solutions among men and women, companies are focusing on introducing separate devices for both, considering the nature of their skin.