ID: MRFR/CR/5774-HCR | 90 Pages | Published By Snehal Singh on March 2023
Beard Care Products Market Size is anticipated to reach USD 29.15 billion by 2027, registering a CAGR of 7.4% during 2020-2027. Beard care products are cosmetic products which particularly nurture the skin, facial hair and retain the softness, smoothness of the beard. The sales for beard care products are increasing at a rapid pace owing that beards are not just a fashion statement but its became a part of lifestyle. Beard care products come both in conventional, and organic forms.
Global Beard Care Products Market is anticipated to be driven by various factors. One of the significant factors for the rising growth of beard care products is the new and innovative product launches by the key players. The growth of organized retail sector is adding value to the growth of the beard care products market. Growth of various retail chains such as supermarkets/hypermarkets, and specialty stores among others are contributing towards growth of the beard care products market.
Segmentation
The global beard care products market has been segmented based on product type, category, distribution channel and region.
Based on product type, market has been classified into beard wash, beard oil, beard wax, and others.
Based on category, market has been classified into conventional and organic.
Based on distribution channel, market has been classified into store-based, and non-store based. Store-based distribution channel has been further segmented into supermarkets & hypermarkets, convenience stores, specialty retailers, and others.
The global beard care products market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico.
The European beard care products industry has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe.
The beard care products market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The beard care products market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Beard Care Products Market Share (%), by Region, 2020
Source: Secondary Sources and MRFR Analysis
Among the regions, North America is expected to dominate the global beard care products market both in terms of value and volume. Rising growth of male grooming products in the US is one of the major factors for the rising growth for beard care products in the North America region. High presence of key players in the beard care products in the North America region is anticipated to increase the growth of beard care products market during the forecast period. Asia-Pacific region is projected to expand at a high pace during the forecast period owing to the rising acceptance of western culture.
Global Beard Care Products Market, by Type
Global Beard Care Products Market, by Category
Global Beard Care Products Market, by Distribution Channel
Global Beard Care Products Market, by Region
Key Players in the Global Beard Care Products Market
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 29.15 Billion |
CAGR | 7.4% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Category, Distribution Channel, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | The Famous Beard Oil Company LLC(US), The Man Company(India), Beardbrand (US), The Bearded Bastard LLC. (US), Texas Beard Company (US), Liberty Premium Grooming Co.(US), Smoky Mountain Beard Co.(US), Murdock London (UK), Badass Beard Care (US), Zeus Beard Products (US) |
Key Market Opportunities | Growth of organized retail sector |
Key Market Drivers | Innovative Products Launches, Increasing Application Area |
Beard care products market is projected to grow at approximately 7.4% CAGR during the assessment period (2020-2027).
The major contenders in the global market are The Famous Beard Oil Company LLC(US), The Man Company(India), Beardbrand (US), The Bearded Bastard LLC. (US), Texas Beard Company (US), Liberty Premium Grooming Co.(US), Smoky Mountain Beard Co.(US), Murdock London (UK), Badass Beard Care (US), Zeus Beard Products (US).
Beard care products market is estimated to reach a valuation of approx. USD 29.15 Bn by the end of 2027.
North America regional market is projected to be the major driver of the market.