Global Hair Removal Spray Market Growth Rate 2024, Forecast To 2033
11 Sep, 2024
The hair removal spray market has grown steadily, with its size increasing from $4.19 billion in 2023 to $4.39 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.9%. This historical growth is attributed to increased awareness of personal grooming and hygiene, rising disposable income, expansion of e-commerce platforms, urban population growth, and greater availability of unisex products. Looking ahead, the market is expected to continue growing, reaching $5.35 billion by 2028 at a CAGR of 5%. This anticipated growth is driven by the rising popularity of beauty products, increasing beauty salon prices, a growing number of working women, higher demand for dermatologically approved products, and the growing popularity of subscription-based models. Key trends in the forecast period include advancements in technology, natural and organic formulations, unisex products, eco-friendly packaging, and pain-free hair removal solutions.
Global Hair Removal Spray Market Key Driver
The increased consumer spending on personal care products is expected to propel the growth of the hair removal spray market going forward. Personal care products are designed for personal hygiene, grooming, and beautification. The rise in spending is driven by factors such as health awareness, social media influence, product innovation, and increased consumer awareness. Hair removal sprays offer a quick and painless method for removing unwanted body hair. For instance, in December 2023, Statistics Canada reported that Canadian households spent an average of $689 in 2021 on personal care products. Additionally, in May 2022, the International Trade Administration noted that Canada's cosmetics industry, generating $1.24 billion in 2021, is expected to grow annually by 1.45%, reaching $1.8 billion by 2024. Therefore, increased consumer spending on personal care products is driving the growth of the hair removal spray market.
Get A Free Sample Of The Hair Removal Spray Market ReportGlobal Hair Removal Spray Market Segments
The hair removal spray market covered in this report is segmented –
1) By Type: Aelo, Glycerin, Sunflower Oil
2) By Application: Men, Women, Other Applications
3) By Industry Vertical: Cosmetics, Other Industry Verticals
By Geography:The regions covered in the hair removal spray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the Hair Removal Spray market in 2023.
Major Hair Removal Spray Industry Players
L'Oréal S.A., Reckitt Benckiser Group plc, Church and Dwight Co. Inc., Avon Products Inc., Edgewell Personal Care Company, Revlon Inc., St Ives Group, Sirona Hygiene Pvt. Ltd., Helios Lifestyle Pvt. Ltd., Nair, Beardo, HCP Wellness Pvt. Ltd., Bioelements, Veet, Vi-John Group, Parissa Laboratories Inc., Bombay Shaving Company, Bold Care Technologies Pvt. Ltd., Mancode, Sally Hansen, Neomen, Sanfe, Mountainor, Spruce Shave Club Pvt. Ltd., Prolixr Beauty Pvt. Ltd., i-feel Pvt. Ltd., New Moon Cosmetics Pvt. Ltd., Saffron Biotech Pvt. Ltd., Jolen, Wilson Cosmetics Co. Ltd
Purchase The Global Hair Removal Spray Market Report Directly And Get A Swift Delivery
Hair Removal Spray Market Overview
Hair removal spray refers to a cosmetic product designed to remove unwanted body hair quickly and painlessly. These sprays typically contain active ingredients that break down the protein structure of the hair, allowing it to be wiped or washed away from the skin's surface.
Hair Removal Spray Global Market Report 2023 provides data on the global hair removal spray market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hair removal spray market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.