Market Overview
Men grooming products includes cosmetics, toiletries and shaving products. Conventionally men grooming products comprise toiletries and shaving products only but recently demand for men beauty products are surging popularity across the globe. Men grooming products become very popular over western developed countries from the beginning of twenty first century, the trend is now shifting to Asia Pacific and Latin America.
Men grooming beauty products becoming very popular over Asia Pacific including ASEAN countries, China and India; in Latin America Brazil and Mexico demand for men grooming products has already started growing at a significant rate; however, GCC countries are the potential market for men grooming products in the next five to six years. Demand for anti-aging, oil-free cream and face wash is going popular gradually in North America, Western Europe, Japan. However, demand for men grooming products in Latin America, is expected to grow in the next five to six years.
Men Grooming Products Market Segmentation:
On the basis of product type men grooming products market is segmented into skin care, deodorants, toiletries, shaving products and others (talc, concealers and sun protection). Skin care segment is sub-segmented into moisturising, anti-aging, skin whitening and anti-acne. Toiletries segment is sub-segmented into soap, shampoo, hair-conditioner and after shower. Shaving products segment includes shaving gel, cream, foam and after shave lotion. Male grooming products consumers’ consumption trend shows bath and shower products have highest consumption among male grooming products followed by shampoo and deodorants. Shaving accessories, facial skin care, hair conditioner and sun care products have comparatively less consumption but facial skin care and sun care have good opportunity in the men grooming market with a high growth rate during next five to six forecasted years.
Geographically men grooming market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. Currently, North America and Western Europe dominating in the toiletries segment globally. Latin American market has shown a steady growth and it is also expected continue for the next five to six forecasted years. In Asia Pacific, skin care is a booming segment among consumers, which shows double digit growth rate in the forecasted years.
Men Grooming Products Market Dynamics:
Metrosexual culture is one of the main growth drivers for men grooming products. Spornosexual style was a trend in the beginning of twenty first century, however recently there is a trend Lumbersexual style is following among young generation since rugged looking is a kind of fashion currently. Men grooming market is very dynamic, which has led companies to add values in the existing products in order to avoid the declination in demand after maturity stage, moreover to capture new market companies are focused on new innovation of men grooming products.
Less awareness among male consumers is driving the market slowly. New technology and the product innovation is the biggest opportunity for the marketers, emerging economic countries are the biggest prospect for men grooming products. Men grooming premium products have high opportunity in North America and Western Europe.
Men Grooming Products Market Key Players:
Some of the prominent players operating in global men grooming products market are Molton Brown, L'Oréal International, Unilever NV, The Estée Lauder Companies Inc. and COTY Inc.
The report covers exhaustive analysis on:
- Men Grooming Products Market Segments
- Men Grooming Products Market Dynamics
- Historical Actual Market Size, 2012 - 2014
- Men Grooming Products Market Size & Forecast 2015 to 2025
- Supply & Demand Value Chain
- Men Grooming Products Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Men Grooming Products Market Drivers and Restraints
Regional analysis for Men Grooming Products Market includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Men Grooming Products Market
On the basis of distribution channel men grooming products market is segmented into
- departmental stores/supermarket
- hypermarket
- drug stores
- online retail stores
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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