Shaving Foam Market Size, Share, Growth & Forecast

 

Shaving Foam Market

The Shaving Foam Market is estimated to grow at a significant CAGR during the forecast period (2020-2027).

The factors driving the growth of Shaving Foam Market includes growing demand for men personal care products, rise in the number of saloons and barbershops around the world and growing consciousness amongst men about maintaining personal hygiene. According to the report published by Statista, the Global Men's Personal Care Market was estimated around USD 121 billion in 2016 and is predicted to reach more than USD 166 billion by the end of 2026, which will boost the Shaving Foam Market size in thew approaching years. Moreover, availability of wide variety of shaving foam products at the e-commerce platforms, increasing consumer preference for organic and natural products and growing emphasis on manufacturing skin-friendly products, are some of the additional factors supplementing the market growth. In addition, rise in the launches of innovative products, increasing investments by leading players on research and development, busy lifestyles and rapid urbanization are further contributing to the market growth.

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However, the growth of Shaving Foam Market is hindered due to growing popularity of electric shavers worldwide.

The major players operating in the market are Bulldog Skincare, Lush North America, Biotherm, Beiersdorf AG, Mary Kay Inc., Roger & Gallet, Procter & Gamble, AHAVA, L’Oréal S.A., and Pierre Fabre Group, among others.

Product: Segment Analysis

Based on Product, the Conventional segment is predicted to expand at a remarkable CAGR over the forecast period. The growing demand for comfortable shaving products across the globe and rise in the launch of innovative products by Nivea and Gillette, are some of the factors responsible for the growth of the segment.

Distribution Channel: Segment Analysis

Based on Distribution Channel, the Specialty Stores segment is projected to capture the largest market share during the forecast period. The specialty stores offer wide variety of shaving products, provides huge discounts to their regular customers in form of customer loyalty programs, are the major factor propelling the segment’s growth.

Regional: Segment Analysis

As per the Shaving Foam Market Forecast, the Asia-Pacific region is anticipated to hold a sizeable market share over the forecast period. Growing demand for men grooming products, rising presence of the domestic companies, improvements in the living standards, increasing disposable incomes, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Market Segmentation

Global Shaving Foam Market by Product

  • Organic
  • Conventional

Global Shaving Foam Market by Distribution Channel

  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Specialty Stores
  • Online

Global Shaving Foam Market by Region   

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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