Men’s Personal Care Global Market Report 2024 Market Size, Key

Men’s Personal Care Global Market Report

“The Business Research Company recently released a comprehensive report on the Global Men’s Personal Care Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company’s, The men’s personal care market size has grown rapidly in recent years. It will grow from $63.47 billion in 2023 to $69.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to cultural diversity in marketing, social perception of self-care, natural & organic trends, wellness integration, celebrity endorsements & influencer impact.

The men’s personal care market size is expected to see strong growth in the next few years. It will grow to $101.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to market expansion, changing consumer preferences, health & wellness focus, innovation in male-specific products, cultural & societal shifts, environmental sustainability. Major trends in the forecast period include customization & personalization, rise in men’s grooming awareness, inclusivity & diversity, natural & organic products, male-specific product innovation.

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Market Drivers and Trends:

The growing consumer inclination for specific grooming products across the globe is significantly contributing to the growth of the men’s personal care market. Grooming refers to the activities that people do to keep their bodies clean and look nice. Personal care products help men to groom themselves and thus increasing focus on grooming has driven the growth of the men’s personal care market. According to the survey conducted among 47 countries in 2021 by consumer insights firm GWI, male consumers are showing an increased interest in beauty and cosmetics. Also, in 2020, India has a 32.1% share of men’s grooming products in the South Asian market and is estimated to grow at a rapid pace. Thus, the rise in inclination of consumers for specific grooming products is supporting the growth of the men’s personal care market.

Increasing use of natural ingredient-based products has been a major trend in this market. Companies in the men’s personal care market are focused on offering more and more natural ingredient-based products to consumers. Also, men are preferring personal care products which are made from natural ingredients to avoid the side effects of chemicals from conventional products. For instance, in November 2021, H.I.M.-istry Naturals partnered with Nordstrom to launch its full line of natural men’s grooming premier products in retail locations in the US and online at Nordstrom.com. The company offers more than 30 spa-quality products based on men’s unique needs for shave care, skincare, beard care, and body care, which all are made with certified and natural organic ingredients.

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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.

• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.

• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.

• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.

• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

LVMH Moët Hennessy Louis Vuitton, Johnson & Johnson, Procter & Gamble, Unilever, Bayer AG, L’Oréal, Henkel AG & Co KGaA, Colgate-Palmolive Company, Reckitt Benckiser, Estee Lauder Companies Inc., Baxter of California, Kao Corporation, Beiersdorf AG, Shiseido Company Limited, The Clorox Company, Natura & Co, Bulldog Skincare, Coty Inc., Avon Products Inc., Edgewell Personal Care Company, Revlon Inc., L’Occitane International SA, The Himalaya Drug Company, Harry’s Inc., EOS Products LLC, Every Man Jack, The Proactiv Company LLC, The Art of Shaving, Jack Black LLC, American Crew, Kiehl’s, Lab Series Skincare for Men, Malin+Goetz, Molton Brown, Nivea Men

Men’s Personal Care Market 2024 Key Insights:

• The men’s personal care market size is expected to see strong growth in the next few years. It will grow to $101.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.

• Surging Consumer Demand For Men’s Grooming Products To Drive Market Growth

• Shift Towards Organic And Chemical-Free Products Transforming The Market

• North America was the largest region in the men’s personal care market in 2023

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Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

Follow Us On:

LinkedIn:

Twitter:

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.