New York, United States , March 21, 2024 (GLOBE NEWSWIRE) -- The Global Men Personal Care Market Size is to Grow from USD 36.66 Billion in 2023 to USD 86.03 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.90% during the projected period.
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Men's personal care products cover a wide range of items meant to improve one's appearance and preserve personal hygiene. To feel and look beautiful, men utilize items like shower gel, shaving cream, hair conditioners, moisturizers, hair gel, mouthwashes, and facial products. The increasing availability of personal care items in organized retail facilities is a major factor driving men's sales of personal care products. Personal hygiene products have grown in popularity recently among people of all ages. The market for men's personal care products strives to satisfy men's grooming requirements, which are influenced by social media, urbanization, and increased disposable income. The worldwide men's personal care market is expected to grow at a much faster rate during the forecast period due to rising awareness of self-grooming. The men's personal care market is being driven by the growing demand for gender-specific personal care goods related to health, body image, hygiene, self-care, and rising fashion trends. Additionally, the market is being driven by the influence of social media. However, chemical ingredients in men's personal care cosmetics cause allergies and hinder industry growth. Natural alternatives like lead and mercury are preferred, while packaging and ingredient pricing increase. Hence, these factors are hampering the growth of the global men personal care market during the forecast period.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Men Personal Care Market Size, Share, and COVID-19 Impact Analysis, By Product (Skin Care, Hair Care, Personal Grooming), By Age Group (18-29 years, 30-59 years, 60 years, above), By Price Point (Low, Medium, High), By Distribution Channel (Hypermarket & Supermarket, Pharmacy & Drug Stores, E-Commerce, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The skin care segment is anticipated to hold the greatest share of the global men personal care market during the projected timeframe.
On the basis of product, the global men personal care market is divided into skin care, hair care, and personal grooming. Among these, the skin care segment is anticipated to hold the greatest share of the global men personal care market during the projected timeframe. The growth can be attributed to the increasing usage of face wash, serums, and creams for skin care. In the approaching years, there will be a greater demand for skin care products due to the increased awareness of men's skincare products.
The 18-29 years segment is anticipated to grow at the fastest pace in the global men personal care market during the projected timeframe.
On the basis of age group, the global men personal care market is divided into 18-29 years, 30-59 years, and 60 years and above. Among these, the 18-29 years segment is anticipated to grow at the fastest pace in the global men personal care market during the projected timeframe. The segmental growth can be attributed to in this age group, grooming for personal gaming, self-care, lifestyle, and well-being is more accepted.
The low segment is predicted to grow at the highest pace in the global men personal care market during the estimated period.
On the basis of pricing, the global men personal care market is divided into low, medium, and high. Among these, the low segment is predicted to grow at the highest pace in the global men personal care market during the estimated period. Low-end products are typically more affordable and cater to a broader spectrum of consumers.
The hypermarket & supermarket segment is predicted to grow at the highest pace in the global men personal care market during the estimated period.
On the basis of distribution channel, the global men personal care market is divided into hypermarket & supermarket, pharmacy & drug stores, E-commerce, and others. Among these, the hypermarket & supermarket segment is predicted to grow at the highest pace in the global men personal care market during the estimated period. The segmental growth can be attributed to the supermarkets and hypermarkets carry men's personal care products such skincare, hair care, grooming equipment, and perfumes.
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North America is expected to hold the largest share of the global men personal care market over the forecast period.
North America is expected to hold the largest share of the global men personal care market over the forecast period. Growing awareness of the benefits of cleaning and clearing the face with men's personal care products including moisturizers and face cleansers. In North America, the emphasis on health and wellness has expanded to include personal care. As the importance of men's grooming in leading healthy lives has grown, so has the market for products that meet functional and wellness needs. Consumer awareness of the advantages of utilizing men's personal care products, such as face washes and moisturizers, which help with cleaning and grime removal, is fuelling market growth.
Europe is predicted to grow at the fastest pace in the global men personal care market during the projected timeframe. Men in emerging economies are becoming more and more in need of personal care and grooming items. Personal cleanliness and appearance have always been highly valued in European countries. Men's personal hygiene products are seeing a growth in demand due to the growing recognition of grooming as a crucial aspect of self-care.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global men personal care market include Armani, Avon Products, Inc., Beiersdorf AG, Conaire Corporation, Coty Inc., Colgate-Palmolive Company, Estee Lauder Companies, Inc., Gallinée, Godrej Industries Ltd., Johnson & Johnson, L’Oréal, Louis Vuitton, Mary Kay Inc., Revlon Inc., Procter & Gamble, and others.
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Recent Market Developments
In March 2023, Akshay Kumar, and DTC beauty and personal care company, the Good Glamm Group, created a joint venture to launch holistic personal care and wellness products for men. Both Akshay Kumar and the good Glamm group will invest in the and work together to scale the business.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global men personal care market based on the below-mentioned segments:
Global Men Personal Care Market, By Product
- Skin Care
- Hair Care
- Personal Grooming
Global Men Personal Care Market, By Age Group
- 18-29 years
- 30-59 years
- 60 years
- above
Global Men Personal Care Market, By Price Point
- Low
- Medium
- High
Global Men Personal Care Market, By Distribution Channel
- Hypermarket & Supermarket
- Pharmacy & Drug Stores
- E-Commerce
- Others
Global Men Personal Care Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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