Asia Pacific Hair Removal Products Market Forecast to 2028
Asia Pacific Hair Removal Products Market Forecast to 2028 – Regional Analysis By Product type (Creams, Wax Strips, Razors & Blades, Epilators, and Others), End User (Men and Women), and Distribution Channel (Supermarket & Hypermarkets, Convenience Store, Online Retails, and Others)
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Description
Rise in Demand for Men’s Hair Removal Product Fuel Asia Pacific Hair Removal Products Market
The rise in promotional campaigns regarding personal hair removal products has shifted the customer perspective from salon styling to at-home personal care. Moreover, the frequency of facial shaving and undesired body hair removal among men is higher than among women. Men generally use razors and blades for facial hair removal or trimming and prefer hair removal creams or sprays for removing undesired body hair. The shift in men’s attitude toward personal or self-care regimes has encouraged manufacturers to develop products specific to men’s skin types and requirements. For instance, in 2019, Reckitt Benckiser Group plc launched the Veet hair removal cream range for men, featuring Veet Men Normal and Veet Men Sensitive. Moreover, various companies offer razor or hair removal kit subscriptions to customers, wherein, the company delivers hair removal kits to their doorstep on a regular interval specified by the customer. For instance, companies such as Harry’s, Dollar Shave Club, and The Procter & Gamble Company offer hair removal subscription boxes. Rise in demand for men’s personal grooming products such as hair clippers, electric shavers, razors, blades, and hair removal creams is driving the hair removal products market.
Customers prefer convenient, hassle-free, and time-saving hair removal products, owing to busy lifestyles and shift in consumer behavior. The hair removal products manufacturers also provide offers, free gifts, launch trials, and other discounts on products to widen their customer base, which, in turn, encourages customers to spend more on hair removal products. Thus, these key factors are responsible for driving the hair removal products market.
Asia Pacific Hair Removal Products Market Overview
The Asia pacific hair removal products market is broadly segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.
The China hair removal products market was dominated by Asia-Pacific which accounted for 35.8% in 2022 and will continue to dominate the market by 2028 accounting for 36.7% of revenue share. India, is the second major contributor to the Asia pacific hair removal products market, followed by Japan, the Rest of Asia Pacific, South Korea, and Australia.
The influence of social media, population growth, and the rise in awareness of trending fashion and style statements are expected to boost the hair removal products market in Asia Pacific during the forecast period. Therefore, major market players in the region focus on developing innovative and affordable hair removal products to meet customer requirements. Moreover, the adoption of various growth strategies such as partnerships, research and development, marketing campaigns, and acquisitions is expected to fuel the regional market growth over the coming years. The growth in population and high emphasis on health in the region are reforming customers’ health priorities. In 2022, Panasonic launched a six-blade shaver, featuring Japanese blade technology, as a grooming solution for men’s thick facial hair. The growing personal grooming sector and rising product launches are expected to create favorable business opportunities for the hair removal products market in Asia Pacific during the forecast period.
Asia Pacific Hair Removal Products Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Hair Removal Products Market Segmentation
The Asia Pacific hair removal products market is segmented into product type, end user, distribution channel, and country.
Based on product type, the Asia Pacific hair removal products market is segmented into creams, wax strips, razors and blades, epilators, and others. The razors and blades segment held a larger share of the Asia Pacific Hair Removal Products Market in 2022.
Based on end user, the Asia Pacific hair removal products market is segmented into men and women. The women segment held the largest share of the Asia Pacific Hair Removal Products Market in 2022.
Based on distribution channel, the Asia Pacific hair removal products market is segmented into supermarket and hypermarket, convenience store, online retail, and others. The convenience store segment held the largest share of the Asia Pacific Hair Removal Products Market in 2022.
Based on country, the Asia Pacific hair removal products market is segmented into Australia, China, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific hair removal products market in 2022.
American International Inc, Church Dwight Co Inc, Koninklijke Philips NV, Oriflame Holding AG, Reckitt Benckiser Group Plc, SI&D (Aust) Pty Ltd, and The Procter & Gamble Co are some of the leading companies operating in the Asia Pacific hair removal products market.
Summary Info
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According to the research team’ research, the Asia Pacific hair removal products market was valued at US$ 3,784.28 million in 2022 and is expected to reach US$ 5,145.65 million by 2028, registering a CAGR of 5.3% from 2022 to 2028. Rise in demand for men’s hair removal products and increased spending on personal grooming products are the critical factors attributed to the Asia Pacific hair removal products market.
The demand for high quality, premium, electric devices and less preference for disposable products has increased among customers. Moreover, razors and blades cause itchiness, bumps, razor burns, or cuts. Therefore, hair removal device manufacturers focus on research and development of technologically advanced products. The manufacturers are also focused on innovating better hair removal razors and patenting their developed technologies. For instance, Procter & Gamble Company’s brand Gillette introduced razors in 1970. Since then, each innovation has been more advanced than its predecessor. In 2019, Gillette launched heated razor, featuring warm bar, flexdisc technology, advanced five blade technology, intelligent heat sensors and adjustable temperature levels. Furthermore, in 2021, Procter & Gamble Company’s brand Braun launched the Series 9 Pro electric shaver, featuring ProLift Trimmer that gently lifts and cuts hair in every stroke and improves the shaver’s ability to glide over the skin with a low level of friction. Thus, the development of smart hair removal devices is expected to create lucrative opportunities for the hair removal products market.
On the contrary, adoption of permanent hair removal method hampers the Asia Pacific hair removal products market.
Based on product type, the Asia Pacific hair removal products market is segmented into creams, wax strips, razor and blades, epilators, and others. The creams segment held 22.3% share of Asia Pacific hair removal products market in 2022, amassing US$ 843.69 million. It is projected to garner US$ 1,164.90 million by 2028 to expand at 5.5% CAGR during 2022-2028.
Based on end user, the Asia Pacific hair removal products market is segmented into men and women. The women segment held 72.5% share of Asia Pacific hair removal products market in 2022, amassing US$ 2,744.88 million. It is projected to garner US$ 3,651.39 million by 2028 to expand at 5.0% CAGR during 2022-2028.
Based on distribution channel, the Asia Pacific hair removal products market is segmented into supermarket and hypermarket, convenience store, online retail, and others. The convenience store segment held 36.0% share of Asia Pacific hair removal products market in 2022, amassing US$ 1,360.51 million. It is projected to garner US$ 1,827.72 million by 2028 to expand at 5.0% CAGR during 2022-2028.
Based on country, the Asia Pacific hair removal products market has been categorized into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the China captured 35.8% share of Asia Pacific hair removal products market in 2022. It was assessed at US$ 1,355.07 million in 2022 and is likely to hit US$ 1,889.83 million by 2028, exhibiting a CAGR of 5.7% during 2022-2028.
Key players operating in the Asia Pacific hair removal products market are Church & Dwight Co Inc; Reckitt Benckiser Group Plc; Oriflame Holding AG; The Procter & Gamble Co; Koninklijke Philips NV; SI&D (Aust) Pty Ltd; and American International Inc, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Hair Removal Products Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Hair Removal Products Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Hair Removal Products Market, by Product Type
1.3.2 Asia Pacific Hair Removal Products Market, by End User
1.3.3 Asia Pacific Hair Removal Products Market, by Distribution Channel
1.3.4 Asia Pacific Hair Removal Products Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Hair Removal Products Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Hair Removal Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Men’s Hair Removal Products
5.1.2 Increased Spending on Personal Grooming Products
5.2 Market Restraints
5.2.1 Adoption of Permanent Hair Removal Methods
5.3 Market Opportunities
5.3.1 Development of Smart Hair Removal Devices
5.4 Future Trends
5.4.1 Preference for Natural and Clean-Label Hair Removal Products
5.5 Impact Analysis of Drivers and Restraints
6. Hair Removal Products – Asia Pacific Market Analysis
6.1 Asia Pacific Hair Removal Products Market Overview
6.2 Asia Pacific Hair Removal Products Market Forecast and Analysis
7. Asia Pacific Hair Removal Products Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific Hair Removal Products Market, By Product Type (2021 and 2028)
7.3 Creams
7.3.1 Overview
7.3.2 Creams: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wax Strips
7.4.1 Overview
7.4.2 Wax Strips: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Razors and Blades:
7.5.1 Overview
7.5.2 Razors and Blades: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Epilators:
7.6.1 Overview
7.6.2 Epilators: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others:
7.7.1 Overview
7.7.2 Others: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Hair Removal Products Market Analysis – By End User
8.1 Overview
8.2 Asia Pacific Hair Removal Products Market, By End User (2021 and 2028)
8.3 Men
8.3.1 Overview
8.3.2 Men: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Women
8.4.1 Overview
8.4.2 Women: Asia Pacific Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Hair Removal Products Market Analysis – By Distribution Channel
9.1 Overview
9.2 Asia Pacific Hair Removal Products Market, By Distribution Channel (2021 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Hair Removal Products Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Hair Removal Products Market, by Key Country – Revenue (2021) (US$ Mn)
10.1.1.1 Australia: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Asia Pacific Hair Removal Products Market, By Product Type
10.1.1.1.2 Australia: Asia Pacific Hair Removal Products Market, by End User
10.1.1.1.3 Australia: Asia Pacific Hair Removal Products Market, by Distribution Channel
10.1.1.2 China: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Asia Pacific Hair Removal Products Market, By Product Type
10.1.1.2.2 China: Asia Pacific Hair Removal Products Market, by End User
10.1.1.2.3 China: Asia Pacific Hair Removal Products Market, by Distribution Channel
10.1.1.3 India: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Asia Pacific Hair Removal Products Market, by Product Type
10.1.1.3.2 India: Asia Pacific Hair Removal Products Market, by End User
10.1.1.3.3 India: Asia Pacific Hair Removal Products Market, by Distribution Channel
10.1.1.4 Japan: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Asia Pacific Hair Removal Products Market, By Product Type
10.1.1.4.2 Japan: Asia Pacific Hair Removal Products Market, by End User
10.1.1.4.3 Japan: Asia Pacific Hair Removal Products Market, by Distribution Channel
10.1.1.5 South Korea: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Asia Pacific Hair Removal Products Market, By Product Type
10.1.1.5.2 South Korea: Asia Pacific Hair Removal Products Market, by End User
10.1.1.5.3 South Korea: Asia Pacific Hair Removal Products Market, by Distribution Channel
10.1.1.6 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, By Product Type
10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by End User
10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
12.1 Church & Dwight Co Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Reckitt Benckiser Group Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Oriflame Holding AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 The Procter & Gamble Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Koninklijke Philips NV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SI&D (Aust) Pty Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 American International Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Hair Removal Products Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Australia: Asia Pacific Hair Removal Products Market, By Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Asia Pacific Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Asia Pacific Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Asia Pacific Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Asia Pacific Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Asia Pacific Hair Removal Products Market
LIST OF FIGURES
Figure 1. Asia Pacific Hair Removal Products Market Segmentation
Figure 2. Asia Pacific Hair Removal Products Market Segmentation – By Country
Figure 3. Asia Pacific Hair Removal Products Market Overview
Figure 4. Asia Pacific Hair Removal Products Market, By Product Type
Figure 5. Asia Pacific Hair Removal Products Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Hair Removal Products Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Hair Removal Products Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Hair Removal Products Market Forecast and Analysis, 2020-2028 (US$ Mn)
Figure 11. Asia Pacific Hair Removal Products Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Creams: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Wax Strips: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Razors and Blades: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Epilators: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Asia Pacific Hair Removal Products Market Revenue Share, By End User (2021 and 2028)
Figure 18. Men: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Women: Asia Pacific Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Asia Pacific Hair Removal Products Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 21. Supermarkets and Hypermarkets: Asia Pacific Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 22. Convenience Stores: Asia Pacific Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. Online Retail: Asia Pacific Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 24. Others: Asia Pacific Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 25. Asia Pacific Hair Removal Products Market Share Revenue, by Key Country (2021 and 2028)
Figure 26. Australia: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Asia Pacific: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Asia Pacific Hair Removal Products Market
o American International Inc
o Church & Dwight Co Inc
o Koninklijke Philips NV
o Oriflame Holding AG
o Reckitt Benckiser Group Plc
o SI&D (Aust) Pty Ltd
o The Procter & Gamble Co
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