Abstract
Summary
Global Shaving Market is valued approximately USD 4.00 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.30% over the forecast period 2024-2031. The market is primarily driven by the cosmetics industry, which is growing quickly. The business is expanding as a result of the growing demand for razors and blades. Their increasing importance in fashion, personal care products are one of the cosmetics industry's fastest-growing areas. As more people become involved in corporate culture and place importance on personal grooming, the global industry is expanding. Thus, it is anticipated that rising spending on personal care products will fuel market expansion.
According to the Statista, in 2022 the revenue for the cosmetics industry was USD 72,366.20 million which is predicted to increase up to USD 1,31,041.20 million in 2028. Thus, it is driving growing for the market. As the consumers are purchasing electronic products from e-commerce websites. As shaving appliances is an electronic device. For instance, according to same source in 2022, e-commerce sales were USD 4,938 billion which is predicted to increase up to USD 6,767 billion in 2025. However, the trend of keeping bread is stifles market growth throughout the forecast period of 2024-2031.
The key regions considered for the Global Shaving Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America led the world market and held the highest market share. This is attributable to the region's rising demand for shaving care products. Since many customers in this region adopt holistic approaches to beauty care, the need for personal care products has increased due to consumers' busy and evolving lifestyles. Over the course of the projection period, it is anticipated that the Europe market would expand quickly due to increased demand for natural and organic ingredients as well as new improvements. Additionally, the promotion of numerous shaving products is probably going to increase demand even more. The fastest CAGR is anticipated to occur in Asia Pacific between 2024 and 2031.
Major market player included in this report are:
Beiersdorf AG
Church & Dwight Co, Inc.
Reckitt Benckiser Group plc
Procter & Gamble
Oriflame Holding AG
GiGi
Koninklijke Philips N.V.
Syska India Ltd.
Harry’s Inc.
Societe BIC S.A. (BIC)
Recent Developments in the Market:
In December 2023, Bombay Shaving Company has launched #ShavesForGood campaign which is rising awareness among the people and indirectly increasing the sales of the market over the forecast period.
In 2023, Gillette has launched new shaving technology which makes shaving easy and comfortable.
Global Shaving Market Report Scope:
Historical Data 2021-2022-2023
Base Year for Estimation 2023
Forecast period 2024-2031
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Razors & Blades
Beard Moisturizer
Pre-shave Cream
After-shave Emulsion
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2021-2031 (USD Billion)
1.2.1 Shaving Market, by Region, 2021-2031 (USD Billion)
1.2.2 Shaving Market, by Product, 2021-2031 (USD Billion)
1.2.3 Shaving Market, by Distribution Channel, 2021-2031 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Shaving Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Shaving Market Dynamics
3.1 Shaving Market Impact Analysis (2021-2031)
3.1.1 Market Drivers
- 3.1.1.1 Rising e-commerce industry
- 3.1.1.2 Rising cosmetics industry
3.1.2 Market Challenges
- 3.1.2.1 Rising trend of keeping bearing
3.1.3 Market Opportunities
- 3.1.3.1 Advancements in shaving kits
4 Global Shaving Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2021-2031)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Investment Adoption Model
4.5 Analyst Recommendation & Conclusion
4.6 Top investment opportunity
4.7 Top winning strategies
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Shaving Market, by Product
6.1 Market Snapshot
6.2 Global Shaving Market by Product, Performance - Potential Analysis
6.3 Global Shaving Market Estimates & Forecasts by Product 2021-2031 (USD Billion)
6.4 Shaving Market, Sub Segment Analysis
6.4.1 Razors & Blades
6.4.2 Beard Moisturizer
6.4.3 Pre-shave Cream
6.4.4 After-shave Emulsion
7 Global Shaving Market, by Distribution Channel
7.1 Market Snapshot
7.2 Global Shaving Market by Distribution Channel, Performance - Potential Analysis
7.3 Global Shaving Market Estimates & Forecasts by Distribution Channel 2021-2031 (USD Billion)
7.4 Shaving Market, Sub Segment Analysis
7.4.1 Online
7.4.2 Offline
8 Global Shaving Market, Regional Analysis
8.1 Shaving Market, Regional Market Snapshot
8.2 North America Shaving Market
8.2.1 U.S. Shaving Market
- 8.2.1.1 Product breakdown estimates & forecasts, 2021-2031
- 8.2.1.2 Distribution Channel breakdown estimates & forecasts, 2021-2031
8.2.2 Canada Shaving Market
8.3 Europe Shaving Market Snapshot
8.3.1 U.K. Shaving Market
8.3.2 Germany Shaving Market
8.3.3 France Shaving Market
8.3.4 Spain Shaving Market
8.3.5 Italy Shaving Market
8.3.6 Rest of Europe Shaving Market
8.4 Asia-Pacific Shaving Market Snapshot
8.4.1 China Shaving Market
8.4.2 India Shaving Market
8.4.3 Japan Shaving Market
8.4.4 Australia Shaving Market
8.4.5 South Korea Shaving Market
8.4.6 Rest of Asia Pacific Shaving Market
8.5 Latin America Shaving Market Snapshot
8.5.1 Brazil Shaving Market
8.5.2 Mexico Shaving Market
8.6 Rest of The World Shaving Market
9 Competitive Intelligence
9.1 Top Market Strategies
9.2 Company Profiles
9.2.1 Beiersdorf AG
- 9.2.1.1 Key Information
- 9.2.1.2 Overview
- 9.2.1.3 Financial (Subject to Data Availability)
- 9.2.1.4 Product Summary
- 9.2.1.5 Recent Developments
9.2.2 Church & Dwight Co, Inc
9.2.3 Reckitt Benckiser Group plc
9.2.4 Procter & Gamble
9.2.5 Oriflame Holding AG
9.2.6 GiGi
9.2.7 Koninklijke Philips N.V
9.2.8 Syska India Ltd
9.2.9 Harry’s Inc
9.2.10 Societe BIC S.A. (BIC)
10 Research Process
10.1 Research Process
10.1.1 Data Mining
10.1.2 Analysis
10.1.3 Market Estimation
10.1.4 Validation
10.1.5 Publishing
10.2 Research Attributes
10.3 Research Assumption