Men’s Personal Care Market: size was valued at US$ 32.88 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 9.05% through 2023 to 2029, reaching nearly US$ 60.31 Bn.
Men’s Personal Care Market Overview:
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Men’s Personal Care Market: Given the growth in disposable income and market trends, men’s personal care products are in great demand on the worldwide men’s personal care market. Men’s acceptance of personal grooming and cleanliness has grown quickly. Through partnerships, major firms in the personal care industry have introduced cutting-edge products designed especially for men.
Segmentation:
by Product Type
• Skincare
• Haircare
• Personal Grooming
• Others
by Distribution Channels
• Hypermarkets and Supermarkets
• Pharmacy and drug stores
• E-commerce
• Others
by Age group
• 18-30 years
• 31-58 years
• 59 & Above
by Product Type: In terms of product, the men’s personal care market was led by the skin care category, which held a 44.62 percent share in 2022.The goods that have most contributed to the expansion of men’s personal care products are face wash, serums, creams, and moisturisers. The majority of luxury businesses have also made investments to increase the variety of products they provide in the skin care market.
From 2022 to 2027, the personal grooming industry is predicted to expand at the quickest rate of 6.5% CAGR.Beard oil, kits, wax, and many other new and inventive goods are among the many advancements in this market that are anticipated to fuel its expansion.
The market for men’s skincare was estimated to be worth US$12.47 billion in 2021 and is projected to grow to US$19 billion by 2027.
by Distribution Channels: Hypermarket and supermarket distribution channels dominated the market in 2022, accounting for 45.9% of global revenue.These locations provide a wide selection of brands, product demos, and hands-on opportunities. Over the projection period, the distribution channel for e-commerce is anticipated to increase at the fastest rate. Most start-up items and a large selection of products are available through the E-commerce channel, which also offers convenient home shopping options.
by Age group: By age bracket, The age group of 18 to 30 years old holds the highest part of men’s personal care market, followed by the age group of 31 to 59 years old in second place.One of the main reasons the 18–30 age group has developed is awareness of one’s own awareness and personal well-being. The 18–30 age group is anticipated to expand at a CAGR of 9.24% throughout the projected period.
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Key Players:
The Market competitive landscape Men’s Personal Care gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Men’s Personal Care sector. These are the main players-
• Procter & Gamble
• Reckitt Benckiser
• L’Oreal
• Beiersdorf AG
• Johnson & Johnson
• Unilever
• Coty Inc.
• Estee Lauder Companies, Inc.
• Edge well Personal Care Company
• Kao Corporation
• Colgate-Palmolive
• Kimberly Clark
• Shiseido Company ltd.
• Amorepacific
• DSM KON
• Church and Dwight Company Inc.
• Gillette India ltd.
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Regional Analysis:
The country portion of the Men’s Personal Care Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Men’s Personal Care Market:
A detailed study of Covid-19 impacts the Men’s Personal Care Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Men’s Personal Care Market segments.
Key Questions answered in the Men’s Personal Care Market Report are:
- At what growth rate is the Men’s Personal Care Market evolving?
- Who are the major Market giants operating in the global Men’s Personal Care Market?
- Which application segment of the Men’s Personal Care Market is observing the fastest growth?
- What is the primary driving factor of the global Men’s Personal Care Market?