ID: MRFR/CR/9072-HCR | 90 Pages | Published By Snehal Singh on April 2023
Men's Personal Care Products Market Size is anticipated to reach USD 46.2 Billion by 2028, registering a CAGR of 5.6% during 2021-2028.
The men's personal care products market size is projected to reach approximately 46.2 Billion by 2028, at a CAGR of 5.6% from 2021 to 2028. Men's personal care products offer a wide range of products that provide nutrition to skin and hair and improve personality and grooming. The growing young population and the increasing trend of personal grooming are expected to drive the men's personal care products industry. Increasing professional salon services for men, growing millennial population adopting new trends, and growth in corporate lifestyle are other key factors supporting the development of the men's personal care products industry. Furthermore, increased sales through organized retail channels are further supporting the growth of the global men's persona care cosmetics market. The increasing trend of organic men's grooming products is expected to create lucrative opportunities for vendors operating in the men's personal care products industry. Product launches by the key players are driving the growth of themarket. For instance, in May 2020,Procter & Gamble introduced King C. Gillette products designed for men.
The outbreak of COVID-19 has resulted in the lockdown across regions, border restrictions, and breakdown of transportation networks. The COVID-19 outbreak has flipped the growth switch in every sector of the economy. The coronavirus pandemic has forced countries all over the world to impose the lockdown. The outbreak of COVID-19 has resulted in a surge in demand for men’s personal care products worldwide.
The men's personal care products market has witnessed substantial growth in recent years. The pandemic has created lucrative opportunities for men's personal care products manufacturers across the globe. The increasing availability of grooming products at organized retail stores is an important factor fueling the men's personal care products industry. The high availability of men's personal care products has propelled the market growth.Furthermore, the rise in sales of men's personal care products through supermarkets & hypermarkets is further expected to boost the global men's personal care products industry during the forecast period.
Increasing trend of men's personal grooming
By Product Type
|Market Size||USD 46.2 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Category, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Procter & Gamble (US), Reckitt Benckiser (UK), Unilever (UK), L'Oréal S.A. (France), Estee Lauder Companies, Inc. (US), Kao Corporation (Japan), Beiersdorf AG (Germany), Johnson & Johnson (US), Coty Inc. (US), and Edgewell Personal Care Company (US)|
|Key Market Opportunities||Increasing trend of organic men's grooming products|
|Key Market Drivers||Increasing professional salon services for men, Growing corporate lifestyle, Effective marketing strategies, Advent of e-commerce platforms|
The study period of the global men's personal care products market is 2021-2028.
The men's personal care products market is growing at a CAGR of 5.6% over the forecast period.
Procter & Gamble (US), Reckitt Benckiser (UK), Unilever (UK), L'Oréal S.A. (France), Estee Lauder Companies, Inc. (US), Kao Corporation (Japan), Beiersdorf AG (Germany), Johnson & Johnson (US), Coty Inc. (US), and Edgewell Personal Care Company (US) are the major companies operating in men's personal care products market.
North America is expected register the highest CAGR during 2021 to 2028.