What are the recent trends in market size and growth for the hair removal products market?
The hair removal products market size has grown strongly in recent years. It will grow from $4.38 billion in 2024 to $4.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increase in demand for natural and eco-friendly products, changing fashion trends, rise in awareness about personal grooming, increase in disposable incomes, demand for hair removal products.
The hair removal products market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the rising demand for these products of hair removal, surging traffic on e-commerce sites, increasing awareness regarding personal grooming, increasing spending on personal care products, the rising number of grooming businesses. Major trends in the forecast period include the adoption of the product, advancement and huge investments, introducing innovative products, technology adopted by cosmetic and medical experts, rise in need for easier and more efficient hair removal method.
Get Your Free Sample of The Global Hair Removal Products Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16073&type=smp
Which major factors have contributed to the expansion of the hair removal products market?
The rising number of grooming businesses is expected to drive the growth of the hair removal products market going forward. The grooming business refers to industries and services that provide grooming and personal care for individuals. There is demand for hair removal products due to cultural norms, personal grooming preferences, and aesthetic trends, as individuals seek smooth skin and hair-free areas for reasons such as hygiene, comfort, and self-confidence. Grooming businesses use hair removal products to provide comprehensive services catering to clients’ aesthetic preferences and hygiene needs, enhancing their overall grooming experience. For instance, in April 2024, according to the report published by the International SPA Association (ISPA), a US-based non-profit trade organization, the US spa business saw a rise in overall revenue from $18.1 billion in 2021 to $20.1 billion in 2023, a rise of more than 11%. Therefore, the rising number of grooming businesses is driving growth in the hair removal product market.
How is the hair removal products market segmented?
The hair removal products market covered in this report is segmented –
1) By Product: Waxing, Creams, Electronic Device, Razor
2) By Gender: Men, Women
3) By Distribution Channel: Beauty Clinics, Dermatology Clinics, Other Distribution Channels
4) By Application: Face, Body, Ear, Nose, Other Applications
Subsegments:
1) By Waxing: Hard Wax, Soft Wax, Wax Strips, Roll-On Wax, Sugar Waxing
2) By Creams: Depilatory Creams, Hair Removal Lotions, Sensitive Skin Hair Removal Creams, Gel-Based Hair Removal Creams
3) By Electronic Device: Electric Shavers, Laser Hair Removal Devices, IPL (Intense Pulsed Light) Hair Removal Devices, Epilators, Hair Removal Trimmers
4) By Razor: Manual Razors, Electric Razors, Safety Razors, Disposable Razors, Multi-Blade Razors
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/hair-removal-products-global-market-report
Who are the top competitors in the hair removal products market?
Major companies operating in the hair removal products market are Reckitt Benckiser Group plc, Braun GmbH, Church & Dwight Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc., Alma Lasers, Solta Medical, Fotona D.o.o, Sciton Medical & Aesthetic Laser Technologies, Silkn beauty Ltd., Tria Beauty Inc., Nair, Flamingo, Lynton Lasers, SoftSheen Carson Inc., Sue Ismiel and Daughters, Italwax, Parissa Laboratories Inc., The Darent Wax Company Ltd., Le Club Perron Rigot, Sally Hansen Inc., Starpil Wax Co.
Which key trends are expected to influence the hair removal products market in the coming years?
Major companies in the hair removal product market are innovating solutions, such as Advanced IPL Hair Removal Technology, to provide safe, convenient, and professional-quality hair removal at home. Advanced IPL Hair Removal Technology refers to the use of intense pulsed light (IPL) systems that emit broad-spectrum light to target and heat hair follicles, effectively preventing hair regrowth with repeated treatments. For instance, in April 2024, Ulike, a China-based beauty-tech company, launched the Ulike Air 10, an innovative IPL hair removal device designed for at-home use. The Air 10 features Super Hair Removal (SHR) Mode and Sapphire Ice Cooling Technology for increased effectiveness and enhanced skin safety during treatments. This launch signifies Ulike’s commitment to making professional-grade beauty technology accessible at home, offering users an effective, safe, and convenient alternative to salon hair removal.
Which regional trends are influencing the hair removal products market, and which area dominates the industry?
North America was the largest region in the hair removal products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair removal products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Hair Removal Products Market Report 2025 Offer?
The hair removal products market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A hair removal product is any substance or device designed to remove unwanted hair from the body. Their purpose is to achieve smooth skin by either cutting, dissolving, or pulling out hair from the follicles. Hair removal products are commonly used for aesthetic reasons or cultural norms.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16073
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
