The scope of our recent study on the “Hair Removal Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, End User, and Distribution Channel” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.

The hair removal products market size is expected to grow from US$ 9,596.39 million in 2022 to US$ 12,786.19 million by 2028; it is estimated to record a CAGR of 4.9% from 2022 to 2028. 

The hair removal products market is highly competitive, owing to the presence of regional and global players. Market players compete based on product differentiation, product quality, and price. Also, they provide a wide range of products suitable for men and women. Market players are adopting different strategies, such as investments in research and development activities, new product launches, and collaborations, to stand out as strong competitors in the market. 

Based on distribution channel, the global hair removal products market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The convenience stores segment held the largest market share in 2022. Convenience stores are retail stores that sell a specific range of products within different categories. These stores sell distinct products, including hair removal creams, wax strips, razors, blades, and other hair removal products from different brands. Convenience stores are usually located on the roadside and at bus or railway stations. Customers prefer these stores to purchase hair removal products due to the ease of purchasing and convenience of location.

The global hair removal products market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific led the global hair removal products market share in 2022. The factors fueling the hair removal products market growth in Asia Pacific are the increasing population of the region, rising consumer spending on grooming products, and growing awareness of self-care among people. 

Impact of COVID-19 Pandemic on Hair Removal Products Market

Many economies were affected due to the COVID-19 pandemic. The COVID-19 outbreak created a temporary distortion in the operational efficiencies of industrial bases. The pandemic has hampered the production and sales of different hair removal products. There was an increase in demand for home-use hair removal products due to the closure of salons and beauty parlors. Further, various industries such as consumer goods industry resumed operations in 2021. This has further improved the demand for different hair removal products. 

The report includes the segmentation of the global hair removal products market as follows: 

By product type, the global hair removal products market is segmented into creams, wax strips, razors & blades, epilators, and others. Based on end user, the market is bifurcated into men and women. The global hair removal products market, based on distribution channel, is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. By region, the global hair removal products market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America hair removal products market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific hair removal products market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is subsegmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America hair removal products market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
 

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