PUBLISHER: SkyQuest | PRODUCT CODE: 1636936
PUBLISHER: SkyQuest | PRODUCT CODE: 1636936
Global Men's Grooming Products Market size was valued at USD 65.3 billion in 2023 and is poised to grow from USD 70.46 billion in 2024 to USD 129.45 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
The personal grooming market is rapidly evolving, emphasizing the importance of maintaining one's appearance for a positive self-image in society. This sector evaluates professionalism, maturity, and confidence, leading companies to innovate and deliver unique personal care products tailored to consumer needs. Men's grooming, encompassing hair, skin, and shaving care, is witnessing significant advancements with innovative solutions like hair sprays, scents, and beard waxes, fueling industry growth. Furthermore, the rising awareness of personal hygiene reinforces the demand for grooming essentials. The increasing beauty consciousness among men is a pivotal driver of market expansion, as brands aim to cater to their growing desire for sophisticated grooming products that enhance overall well-being and self-presentation.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Men's Grooming Products market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Men's Grooming Products Market Segmental Analysis
Global Men's Grooming Products Market is segmented by Product type, Price range, Distribution channel and Region. Based on Product type, the market is segmented into Shave Care, Skincare, Hair Care, Toiletries, Fragrances and Others. Based on Price range, the market is segmented into Premium, Mid-range and Low-range. Based on Distribution channel, the market is segmented into Hypermarkets/Supermarkets, Salons/Grooming Clubs, Drug Stores, e-Commerce/Online and Retail Stores. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Men's Grooming Products Market
The global men's grooming products market is witnessing a significant shift driven by rising consumer preferences for natural, clean-label, and organic options. As awareness grows regarding the harmful effects of chemical ingredients commonly found in products like shaving creams, more men are opting for safer alternatives. This increasing inclination towards natural and cruelty-free grooming products has led to a notable surge in demand. Additionally, major manufacturers are leveraging celebrity endorsements from sports and film icons to further promote their brands, appealing to consumers' desire for trusted, high-quality products. Prominent names like Gillette by P&G are at the forefront of this trend.
Restraints in the Global Men's Grooming Products Market
The global men's grooming products market faces several challenges that could hinder its growth, including strict manufacturing regulations and potential side effects linked to cosmetic items. Additionally, the high costs associated with these products can deter consumers, affecting overall demand. These constraints may limit market expansion and present obstacles for manufacturers looking to attract a wider audience. As companies navigate these issues, the impact on product accessibility and consumer perception remains a critical consideration for the industry's future development and success.
Market Trends of the Global Men's Grooming Products Market
The Global Men's Grooming Products market is witnessing a significant shift towards chemical-free and clean-label offerings, driven by heightened consumer awareness regarding the adverse effects of synthetic ingredients. Men are increasingly opting for natural, organic, and cruelty-free grooming products, reflecting a broader trend towards health and sustainability. This growing preference has led to a surge in demand for premium organic options, as consumers seek safer alternatives that align with their values. Players in the market, such as Bombay Shaving Company with its charcoal shaving foam, are capitalizing on this trend, resulting in higher price points for organic products and a robust growth trajectory for the sector.