Depilatories Market Scope
Hair removal is becoming a bigger part of the cosmetics and personal care market. Both men and women are growing increasingly conscious about their physical appearance. Humans opt to remove undesirable body hair for a variety of reasons, including aesthetic, social, cultural, and medicinal reasons. Over the years, a variety of hair removal procedures have been created, including methods for both temporary and permanent hair removal. The modern procedures and products are available in a variety of places; most of them may be used at home, while others can only be used in professional salons and dermatological clinics. Depilatory methods and treatments only remove the hair shaft that protrudes above the skin's surface. If there is no skin injury, these procedures are usually painless. Shaving, trimming, using abrasives, utilising chemical depilatories, and bleaching are all examples of depilatory procedures.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Church & Dwight Co., Inc. (United States), American International Industries (United States), L'Oréal S.A. (France), Aussie Nad's Corporation (Australia), Procter & Gamble Company (United States), Reckitt Benckiser Group plc (United Kingdom), Edgewell Personal Care Company (United States), Coty Inc. (United States), Jolen Inc. (United States) and Kera-Ban Wax Products (United States) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Depilatories market throughout the predicted period.
Church & Dwight Co., Inc. (United States), American International Industries (United States), L'Oréal S.A. (France), Aussie Nad's Corporation (Australia), Procter & Gamble Company (United States), Reckitt Benckiser Group plc (United Kingdom), Edgewell Personal Care Company (United States), Coty Inc. (United States), Jolen Inc. (United States) and Kera-Ban Wax Products (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Vi-John Group (India), OraLine, Inc. (United States), Roger A. Reed, Inc. (United States), Instantron Co (United States) and Redroom Technology Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Depilatories market by Type , by Application (Shaving, Waxing, Sugaring and Others) and Region with country level break-up.
On the basis of geography, the market of Depilatories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2023, Procter & Gamble collaborates with The Body Shop to create sustainable packaging options for their depilatory lines, addressing environmental concerns.
In October 2023, Schick introduces its "Quik Shave Depilatory Cream" promising quick and painless hair removal for busy individuals.
Influencing Trend:
Increasing Demand for Herbal and Organic Products
Market Growth Drivers:
High Investments in Celebrity Endorsement, Rising Skin Care Awareness Among Men and Increasing Disposable Income Among Females
Challenges:
Rise in Price Level due to Tariffs & Taxes, Presence of Counterfeit Products and Lack of Appropriate Regulations
Restraints:
Side Effects and Allergic Reactions
Opportunities:
Low Penetration in Emerging Regions Particularly Asia and Increasing Sales Across Online Channels
Key Target Audience
Skin Care Products Manufactures, New Entrants and Investors, Skin Care Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others