Depilatory Products Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019 - 2029

  • Single User License $1500

Depilatory Products Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019 - 2029

Status : January, 2023 | Consumer Goods

Report Digest

Depilatory Products Market Outlook

Over the last few years, the growing popularity of personal grooming products is gaining attraction among consumers of all age group. Today, continuously development of innovative formulas and frequently launch of novel products making it easy for manufacturers to satisfy the need of customers. Nowadays, men are vigorously engaging in beauty and grooming products for self-care and are seeking for products that can improved their skin. Hairless body is a most popular trend among young men to enhance their skin appearance. This is drawing more attention of the companies to offer new hair removal products apart from shaving creams and deodorants. Depilatory products are one such topical cosmetic product used to remove superfluous and unwanted hair from the skin. People use depilatory products for beautification as well as medical purposes. There is also significant increase in the demand for effective depilatory products with natural and organic claims. However, with the evolution of consumer buying behavior in the digital era due to availability of wide range of brands online, companies in the depilatory products market are facing challenges in e-commerce platform to compete with other brands. Therefore, to overcome these issues companies are incorporating various digital strategies such as building communities of customers through social media and other online opportunities to build brand advocacy and connect with the new customers.

Reasons for Covering Depilatory Products Market Title

Consumers are shifting from visiting salons and spas to do-it-yourself beauty products due to cost effective alternative coupled with rapidly growing adoption of hair removal products among teenagers and young adults. These are some of the trends influencing the growth of the depilatory products market in the near future. Nowadays, men are taking a keen interest in their personal grooming, body image, and hygiene is another factor fueling the growth of the depilatory products market. Companies are seeking for natural and organic certification for personal care products to have a competitive edge and preferring digital advertising platforms to expand customer base globally are predicted to create the substantial potential for depilatory products market in the near future.

Global Depilatory Products: Market Segmentation

On the basis of product type, the global depilatory products market has been segmented as –

  • Creams
  • Gels
  • Aerosols
  • Powder
  • Lotions
  • Waxes
  • Wax Strips
  • Others

On the basis of application, the global depilatory products market has been segmented as –

  • Bikini
  • Brazilian
  • Brows
  • Face & Upper Lip
  • Legs & Body
  • Multi-purpose
  • Underarms

On the basis of skin type, the global depilatory products market has been segmented as –

  • Sensitive
  • Dry
  • Normal
  • Others

On the basis of end-user, the global depilatory products market has been segmented as –

  • Men
  • Women

On the basis of nature, the global depilatory products market has been segmented as –

  • Organic
  • Conventional

On the basis of price range, the global depilatory products market has been segmented as –

  • Economy
  • Mid-Range
  • Premium

On the basis of the sales channel, the global depilatory products market has been segmented as –

  • Direct Sales
  • Supermarkets/Hypermarkets
  • Pharmacies & Drug Stores
  • Specialty Outlets
  • Independent Small Stores
  • Beauty Specialist Stores
  • E-Retailers
  • Other Sales Channel

Among end user, men are likely to grow at a substantial CAGR in the depilatory products market over the forecast period, as they are becoming habitual users of personal care products and not limited to shaving care products and deodorants. Additionally, premium price range is likely to register a substantial revenue growth over the forecast period, as prominent players in the market are introducing products for premium category and adopting premiumization strategies to target new customers. Based on sales channel, e-retailers is booming in the depilatory products market, as it increase customer value, develop sustainable capabilities, and allow easy accessibility to a speedily rising brands to choose from.

Global Depilatory Products Market: Regional Outlook

The depilatory products market is anticipated to register significant growth across all the regions during the forecast period. The depilatory products market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. North America is expected to be the leading markets in the global depilatory products market followed by Europe owing to high penetration of hair removal products and demand for natural ingredients based beauty and personal care products in the region. South Asia and East Asia depilatory products market is expected to account healthy CAGR during the forecast period owing to rise in influence of western culture, growth in urban households, and reducing taboos among men for using personal grooming products. MEA is likely to offer attractive opportunity in the global depilatory products market in the coming years due to consumers are considering depilatory products as a more convenient and affordable option than other removal treatments services at spas and salons.

Global Depilatory Products Market: Key Players

Some of the key players operating in the global depilatory products market are Church & Dwight Co., Inc., L'Oréal S.A., Dabur International Ltd., Andrea, Reckitt Benckiser Group, Sally Hansen Inc., Jolen Beauty, Parissa Laboratories Inc., Nad's, Revitol, Procter & Gamble Co., MOOM Inc., barburys company, and others.

Global Depilatory Products Market: Key Developments

Companies in the depilatory products market are continuous focuses on innovation and strengthening their market position with the introduction of premium depilatory products. They are also aiming to expand their product portfolio by including natural and herbal-based offerings along with significantly shifting to e-commerce platform through various consumer-connect campaigns worldwide.

Brief Approach to Research

TMRR will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the application, skin type, end-user, nature, price range, and sales channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?