What Is The Current and Historic Market Size Analysis Of The Hair Removal Products Market?
The hair removal products market has seen considerable growth due to a variety of factors.
• The hair removal products market has seen strong growth in recent years. It is projected to rise from $4.38 billion in 2024 to $4.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%.
The growth is linked to the increasing demand for natural and eco-friendly products, changing fashion trends, greater awareness of personal grooming, increased disposable income, and rising demand for hair removal products.
What Are The Predictions for The Hair Removal Products Market in the Coming Years?
The hair removal products market is expected to maintain its strong growth trajectory in upcoming years.
• The hair removal products market is forecast to see strong growth, reaching $5.72 billion by 2029 at a CAGR of 5.4%.
The growth is driven by rising demand for hair removal products, increased personal grooming awareness, and growing spending on personal care. Trends include new product introductions, technological advancements, and efficient hair removal methods.
Which Drivers Are Accelerating Growth In The Hair Removal Products Market?
The increasing number of grooming businesses is expected to drive the growth of the hair removal products market. The grooming industry, driven by personal care trends and aesthetic preferences, has seen rising demand for hair removal products. Grooming businesses use these products to offer a variety of services to clients. For instance, the International SPA Association reported in April 2024 that the U.S. spa business revenue rose by more than 11% from 2021 to 2023. This growth indicates that the increasing number of grooming businesses will contribute to the hair removal products market.
What Are The Core Segments Of The Global Hair Removal Products Market?
The hair removal products market covered in this report is segmented –
1) By Product: Waxing, Creams, Electronic Device, Razor
2) By Gender: Men, Women
3) By Distribution Channel: Beauty Clinics, Dermatology Clinics, Other Distribution Channels
4) By Application: Face, Body, Ear, Nose, Other Applications
Subsegments:
1) By Waxing: Hard Wax, Soft Wax, Wax Strips, Roll-On Wax, Sugar Waxing
2) By Creams: Depilatory Creams, Hair Removal Lotions, Sensitive Skin Hair Removal Creams, Gel-Based Hair Removal Creams
3) By Electronic Device: Electric Shavers, Laser Hair Removal Devices, IPL (Intense Pulsed Light) Hair Removal Devices, Epilators, Hair Removal Trimmers
4) By Razor: Manual Razors, Electric Razors, Safety Razors, Disposable Razors, Multi-Blade Razors
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How Are Emerging Trends Reshaping The Dynamics Of The Hair Removal Products Market?
Leading corporations in the hair removal product market are pioneering solutions such as Advanced IPL Hair Removal Technology for secure, practical, and professional-grade hair removal in the comfort of one's home. Advanced IPL Hair Removal Technology involves the use of intense pulsed light systems emitting a broad-spectrum light to target and heat hair follicles, effectively impeding hair regrowth with continual treatments. For example, in April 2024, Ulike, a beauty-tech firm based in China, introduced the Ulike Air 10, a groundbreaking IPL hair removal device intended for domestic use. The Air 10 is equipped with Super Hair Removal (SHR) Mode and Sapphire Ice Cooling Technology for boosted efficacy and improved skin safety during treatments. This introduction underlines Ulike's dedication to making professional-level beauty technology obtainable at home, providing users with an efficient, secure and handy substitute to salon hair removal.
Who Are the Key Players In The Hair Removal Products Market?
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.
What Are The Regional Insights Into The Hair Removal Products Market?
North America was the largest region in the hair removal products market in 2023. 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.
