South & Central America Hair Removal Products Market Forecast to 2028

South & Central America Hair Removal Products Market Forecast to 2028

South & Central America 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

The South & Central America hair removal products market is expected to grow from US$ 677.50 million in 2022 to US$ 873.07 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2022 to 2028.
Rise in Demand for Men’s Hair Removal Products Fuel South & Central America 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.
South & Central America Hair Removal Products Market Overview
The South & Central America hair removal products market is broadly segmented into Argentina, Brazil, and the Rest of South & Central America. The shift in the grooming attitude of men and women in South & Central America to improve appearance has developed business prospects for hair removal product manufacturers. According to the data published by the World Bank Group, the rise in population in Brazil, with an estimated 214.32 million people as of 2021, is expected to boost the demand for hair removal products. Moreover, major market players in the region are focused on developing eco-friendly products and improving marketing campaigns to increase their customer base. The rising disposable income of population, changing demographics, increasing spending power of Brazilian customers, and surging awareness regarding personal hygiene are anticipated to drive the South & Central America hair removal products market during the forecast period.
South & Central America Hair Removal Products Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Hair Removal Products Market Segmentation
The South & Central America hair removal products market is segmented into product type, end user, distribution channel, and country.
Based on product type, the South & Central America 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 South & Central America hair removal products Market in 2022.
Based on end user, the South & Central America Hair removal products market is segmented into men and women. The women segment held the largest share of the South & Central America hair removal products market in 2022.
Based on distribution channel, the South & Central America 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 South & Central America hair removal products market in 2022.
Based on country, the South & Central America hair removal products market is segmented into Argentina, Brazil, and the Rest of South & Central America. Brazil dominated the share of the South & Central America hair removal products market in 2022.
American International Inc, Koninklijke Philips NV, Oriflame Holding AG, Reckitt Benckiser Group Plc, and The Procter & Gamble Co are some of the leading companies operating in the South & Central America hair removal products market.

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At 4.3% CAGR, the South & Central America Hair Removal Products Market is speculated to be worth US$ 873.07 million by 2028, says the research team
According to the research team’ research, the South & Central America hair removal products market was valued at US$ 677.50 million in 2022 and is expected to reach US$ 873.07 million by 2028, registering a CAGR of 4.3% 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 South & Central America hair removal products market.
The beauty & personal grooming industry is growing with a rising emphasis on personal hygiene and appearance. Over the past few decades, rise in disposable income and increasing working population have encouraged buyers and customers to spend more on personal grooming products. According to a survey conducted by Harris Williams in 2022, consumers emphasized majorly on skincare, wellness, and hair health. It also confirmed that the majority of consumers would not reduce spending on health and beauty products if economic conditions declined. The rising emphasis on personal and self-care regimes has further created opportunities for manufacturers to innovate and create product differentiation to meet evolving customer needs. Hair removal product manufacturers have further invested heftily in marketing and advertisement of products to create awareness and increase the demand for hair removal products. 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 South & Central America hair removal products market.
On the contrary, adoption of permanent hair removal method hampers the South & Central America hair removal products market.
Based on product type, the South & Central America hair removal products market is segmented into creams, wax strips, razor and blades, epilators, and others. The razor and blades segment held 46.3% share of South & Central America hair removal products market in 2022, amassing US$ 313.81 million. It is projected to garner US$ 401.71 million by 2028 to expand at 4.2% CAGR during 2022-2028.
Based on end user, the South & Central America hair removal products market is segmented into men and women. The women segment held 80.3% share of South & Central America hair removal products market in 2022, amassing US$ 543.70 million. It is projected to garner US$ 690.60 million by 2028 to expand at 4.1% CAGR during 2022-2028.
Based on distribution channel, the South & Central America hair removal products market is segmented into supermarket and hypermarket, convenience store, online retail, and others. The convenience store segment held 36.7% share of South & Central America hair removal products market in 2022, amassing US$ 248.69 million. It is projected to garner US$ 317.65 million by 2028 to expand at 4.2% CAGR during 2022-2028.
Based on country, the South & Central America hair removal products market has been categorized into the Argentina, Brazil, and the Rest of South & Central America. Our regional analysis states that the Brazil captured 48.5% share of South & Central America hair removal products market in 2022. It was assessed at US$ 328.77 million in 2022 and is likely to hit US$ 440.32 million by 2028, exhibiting a CAGR of 5.0% during 2022-2028.
Key players operating in the South & Central America hair removal products market are 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 South & Central America 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 South & Central America 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 South & Central America 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 South & Central America Hair Removal Products Market, by Product Type
1.3.2 South & Central America Hair Removal Products Market, by End User
1.3.3 South & Central America Hair Removal Products Market, by Distribution Channel
1.3.4 South & Central America 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. South & Central America 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. South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Hair Removal Products Market Overview
6.2 South & Central America Hair Removal Products Market Forecast and Analysis
7. South & Central America Hair Removal Products Market Analysis – By Product Type
7.1 Overview
7.2 South & Central America Hair Removal Products Market, By Product Type (2021 and 2028)
7.3 Creams
7.3.1 Overview
7.3.2 Creams: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wax Strips
7.4.1 Overview
7.4.2 Wax Strips: South & Central America 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: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Epilators:
7.6.1 Overview
7.6.2 Epilators: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others:
7.7.1 Overview
7.7.2 Others: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Hair Removal Products Market Analysis – By End User
8.1 Overview
8.2 South & Central America Hair Removal Products Market, By End User (2021 and 2028)
8.3 Men
8.3.1 Overview
8.3.2 Men: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Women
8.4.1 Overview
8.4.2 Women: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Hair Removal Products Market Analysis – By Distribution Channel
9.1 Overview
9.2 South & Central America 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: South & Central America Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: South & Central America Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: South & Central America Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: South & Central America Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Hair Removal Products Market – Country Analysis
10.1 Overview
10.1.1.1 Brazil: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Hair Removal Products Market, By Product Type
10.1.1.1.2 Brazil: South & Central America Hair Removal Products Market, by End User
10.1.1.1.3 Brazil: South & Central America Hair Removal Products Market, by Distribution Channel
10.1.1.2 Argentina: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Hair Removal Products Market, By Product Type
10.1.1.2.2 Argentina: South & Central America Hair Removal Products Market, by End User
10.1.1.2.3 Argentina: South & Central America Hair Removal Products Market, by Distribution Channel
10.1.1.3 Rest of South and Central America: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South and Central America: South & Central America Hair Removal Products Market, By Product Type
10.1.1.3.2 Rest of South and Central America: South & Central America Hair Removal Products Market, by End User
10.1.1.3.3 Rest of South and Central America: South & Central America 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 Reckitt Benckiser Group Plc
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 Oriflame Holding AG
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 The Procter & Gamble Co
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 Koninklijke Philips NV
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 Revitol Corp
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 American International Inc
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
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America Hair Removal Products Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Brazil: South & Central America Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: South & Central America Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South & Central America Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: South & Central America Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South & Central America Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South and Central America: South & Central America Hair Removal Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South and Central America: South & Central America Hair Removal Products Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South and Central America: South & Central America Hair Removal Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms, South & Central America Hair Removal Products Market

LIST OF FIGURES

Figure 1. South & Central America Hair Removal Products Market Segmentation
Figure 2. South & Central America Hair Removal Products Market Segmentation – By Country
Figure 3. South & Central America Hair Removal Products Market Overview
Figure 4. South & Central America Hair Removal Products Market, By Product Type
Figure 5. South & Central America Hair Removal Products Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: South & Central America Hair Removal Products Market
Figure 8. Expert Opinion
Figure 9. South & Central America Hair Removal Products Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Hair Removal Products Market Forecast and Analysis, 2020-2028 (US$ Mn)
Figure 11. South & Central America Hair Removal Products Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Creams: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Wax Strips: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Razors and Blades: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Epilators: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. South & Central America Hair Removal Products Market Revenue Share, By End User (2021 and 2028)
Figure 18. Men: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Women: South & Central America Hair Removal Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. South & Central America Hair Removal Products Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 21. Supermarkets and Hypermarkets: South & Central America Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 22. Convenience Stores: South & Central America Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. Online Retail: South & Central America Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 24. Others: South & Central America Hair Removal Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 25. South and Central America South & Central America Hair Removal Products Market, by Key Country – Revenue (2021) (US$ Mn)
Figure 26. South and Central America South & Central America Hair Removal Products Market Share Revenue, by Key Country (2021 and 2028)
Figure 27. Brazil: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of South and Central America: South & Central America Hair Removal Products Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies – South & Central America Hair Removal Products Market

o American International Inc
o Koninklijke Philips NV
o Oriflame Holding AG
o Reckitt Benckiser Group Plc
o The Procter & Gamble Co

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