Men’s Grooming Products Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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Mens Grooming Products Market - Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Mens Grooming Products Market Overview
Mens grooming products have gained significant
traction over the recent past due to the advent
of male vanity in the 21st century. Although
conventionally, shaving products were the most
lucrative in the mens grooming products market,
mens beauty products have gained significant
traction in the market. Also, customer interest
has piqued in toiletries pertaining to skin,
hair, and teeth care. Among distribution
channel, the online segment is the fastest
growing due to the increased convenience offered
to the consumers. Customers are increasingly
utilizing the internet for grooming tips, which
has further resulted in an increase in the number
of grooming websites and blogs. Also, websites
dedicated to mens grooming products have gained
impetus as a result of increasing demand for such
products. Among product type, the toiletries
segment is projected to be a major segment,
followed by the shaving products and make up
products segments. Grooming products constitute
for medicinal products as well. For example,
shampoo is intended to cleanse hair, however,
also acts as a treatment for dandruff. The
global mens grooming products market was valued
at US 54.7 billion in 2016 and is expected to
exhibit a CAGR of 8.91, in terms of revenue,
during 2017 2025.
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REPORT DESCRIPTION
Europe, followed by North America and Asia
Pacific, respectively, accounted for major share
in the global mens grooming market, in terms of
revenue in 2016. This trend is estimated to
remain the same over the forecast period (2017
2025). In 2016, North America held a share of
30.12 in terms of revenue, followed by Asia
Pacific (14.66 ). Growing demand for personal
grooming and busy lifestyles in Asia Pacific due
to rising consumer awareness coupled with growing
retail sector is expected to drive growth of the
global mens grooming products market over the
forecast period. For instance, according to India
Brand Equity Foundation (IBEF)a Trust
established by the Department of Commerce,
Ministry of Commerce and Industry, Government of
Indiathe retail market in India is expected to
nearly double to US 1 trillion by 2020 from US
600 billion in 2015, due to income growth,
urbanization, and attitudinal shifts. Asia
Pacific is expected to exhibit a CAGR of 9.27
over the forecast period and is expected to reach
US 17.6 billion by 2025. Europe the largest
region, in terms of value, was valued at US 23.1
billion in 2016. North America and Europe hold
lucrative grooming products markets with
millennials driving growth. Increased spending by
the youth to keep up with global fashion trends
has been a major driver. Western European
countries of U.K., France, Germany, and Spain are
highly lucrative markets for mens grooming
products. Request sample Copy of this Report
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REPORT DESCRIPTION
North America and Europe accounted for major
shares in the global mens grooming products
market, in terms of revenue, in 2016 and this
trend is projected to sustain throughout the
forecast period. However, lack of awareness among
populace in rural areas of emerging economies and
premium pricing of grooming products are major
restraints for market growth, especially in Asia
Pacific. Major Players in the Global Mens
Grooming Products Market Major players operating
in the grooming products market are Unilever,
Beiersdorf AG, Colgate-Palmolive, Procter
Gamble, Energizer Holdings Inc., Johnson and
Johnson, Koninklijke N.V., LOreal Group, and
Mirato S.p.A. Companies are adopting various
inorganic strategies to gain market share. For
instance, Unilever in 2016 acquired Dollar Shave
Club to boost its product portfolio in the male
shaving products market segment. The company also
acquired Murad and Dermalogica to expand its
footprint into the skin care segment. Snapdeal,
a popular Indian online marketplace, revealed
increased use of grooming products by men in its
sales report in 2016. Face care, body care, and
hair care were more popular among men than women,
according to the company study. Request For
Cusstomization _at_ https//www.coherentmarketinsight
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