PUBLISHER: The Business Research Company | PRODUCT CODE: 1704488
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704488
A substance or device intended for removing unwanted hair from the body constitutes a hair removal product. Their objective lies in achieving smooth skin through the processes of cutting, dissolving, or extracting hair from the follicles. These products find common usage for aesthetic purposes or adhering to cultural norms.
The principal categories within the hair removal products market encompass waxing, creams, electronic devices, and razors. Waxing, for instance, involves applying a sticky substance (wax) onto the skin and swiftly removing it to pull out the hair from its root. These products cater to both men and women and are distributed through various channels such as beauty clinics, dermatology clinics, and other outlets. Their applications extend to areas including the face, body, ears, nose, among others.
The hair removal products market research report is one of a series of new reports from The Business Research Company that provides hair removal products market statistics, including hair removal products industry global market size, regional shares, competitors with a hair removal products market share, detailed hair removal products market segments, market trends, and opportunities, and any further data you may need to thrive in the hair removal products industry. This hair removal products research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hair removal products market size has grown strongly in recent years. It will grow from $4.38 billion in 2024 to $4.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increase in demand for natural and eco-friendly products, changing fashion trends, rise in awareness about personal grooming, increase in disposable incomes, demand for hair removal products.
The hair removal products market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the rising demand for these products of hair removal, surging traffic on e-commerce sites, increasing awareness regarding personal grooming, increasing spending on personal care products, the rising number of grooming businesses. Major trends in the forecast period include the adoption of the product, advancement and huge investments, introducing innovative products, technology adopted by cosmetic and medical experts, rise in need for easier and more efficient hair removal method.
The hair removal products market is poised for growth driven by the increasing number of grooming businesses. Grooming businesses encompass industries and services providing grooming and personal care for individuals. Hair removal products are in demand due to cultural norms, personal grooming preferences, and aesthetic trends, with individuals seeking smooth skin and hair-free areas for reasons such as hygiene, comfort, and self-confidence. Grooming businesses utilize hair removal products to offer comprehensive services catering to clients' aesthetic preferences and hygiene needs, thereby enhancing the overall grooming experience. For instance, according to a report published by the International SPA Association (ISPA) in April 2024, the US spa business witnessed a notable increase in overall revenue from $18.1 billion in 2021 to $20.1 billion in 2023, reflecting a rise of over 11%. This surge indicates that the growing number of grooming businesses is fueling growth in the hair removal product market.
Leading companies in the hair removal product market are developing innovative solutions like Advanced IPL Hair Removal Technology to offer safe, convenient, and professional-quality hair removal for home use. Advanced IPL Hair Removal Technology utilizes intense pulsed light (IPL) systems that emit broad-spectrum light to target and heat hair follicles, effectively preventing regrowth with repeated treatments. For example, in April 2024, Ulike, a China-based beauty-tech company, introduced the Ulike Air 10, a cutting-edge IPL hair removal device designed for at-home use. The Air 10 features Super Hair Removal (SHR) Mode and Sapphire Ice Cooling Technology, enhancing both treatment effectiveness and skin safety. This launch underscores Ulike's commitment to providing professional-grade beauty technology for home use, offering users an effective, safe, and convenient alternative to salon hair removal.
In January 2024, Cynosure and Hahn & Company, a South Korea-based private equity investment firm, merged with Lutronic Corporation to create a global leader in medical aesthetic systems. This merger aims to offer a diversified product portfolio and broader distribution, enhancing customer service and innovation. Lutronic Corporation, based in South Korea, specializes in hair removal products among other medical aesthetic systems.
Major companies operating in the hair removal products market are Reckitt Benckiser Group plc, Braun GmbH, Church & Dwight Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc., Alma Lasers, Solta Medical, Fotona D.o.o, Sciton Medical & Aesthetic Laser Technologies, Silkn beauty Ltd., Tria Beauty Inc., Nair, Flamingo, Lynton Lasers, SoftSheen Carson Inc., Sue Ismiel and Daughters, Italwax, Parissa Laboratories Inc., The Darent Wax Company Ltd., Le Club Perron Rigot, Sally Hansen Inc., Starpil Wax Co.
North America was the largest region in the hair removal products market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair removal products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hair removal products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hair removal products market consists of sales of laser hair removal devices, hair removal sprays, laser hair removal devices, hair inhibitor creams, sugaring kits, and epilators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hair Removal Products Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hair removal products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hair removal products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hair removal products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.