The global men’s personal care products market size was valued at USD 45.7 billion in 2020 and is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028.
Personal care products include products used for grooming, styling, and hygiene used by men. Younger generations of men have a strong sense of style, health, and care as they play an important role while they carry themselves and appeal to the world. In today’s world men have to pay attention to their appearance, fashion, and grooming. The misconception that only women can wear makeup does not exist anymore, as more and more men have begun wearing makeup and using other beauty enhancing products. Men’s grooming products involve hair care and skin care products. Grooming kits and skincare products provide added self-confidence and sense of personal hygiene. This is pivotal in the light of self-confidence, as it enhances the looks of a person who might be feeling less confident or insecure about his looks.
The report on the global men’s personal care products market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Report Title | Men’s Personal Care Products Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018 & 2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Hair Care, Shaving, Oral Care, Personal Cleanliness, Skin Care, and Others), Age Groups (18-29 Years, 30-59 Years, and 60 Years and Above), Distribution Channels (Drug Stores or Pharmacies, Mono-brand Stores, Departmental Stores, Specialty Stores, Hypermarkets & Supermarkets, and E-commerce) |
Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report | Johnson and Johnson; Procter and Gamble; L'Oreal S.A; Estee Lauder Companies Inc; Unilever; Avon Products Incorporated; Kao Corporation; Colgate -Palmolive Company; Shiseido Company Limited; and Revlon Inc. |
Based on product types, the men’s personal care products market is segmented into hair care, shaving, oral care, personal cleanliness, skin care, and others. The skin care segment is projected to expand at a robust CAGR during the forecast period owing to product launches, influencer marketing, and rising disposable income of consumers. Awareness regarding the usage of skin care products among the young generation has increased the demand for men’s personal care products. Social media marketing has substantially increased the growth of skin care and personal cleanliness segments. Skin care products such as moisturizers, serums, sunscreens, and face masks have gained popularity, as they tackle various skin problems and help increase self confidence in the user.
On the basis of age groups, the market is segmented into 18-29 years, 30-59 years, and 60 years and above. Rising influence of social media on the younger generation has increased the demand for personal care products to a significant extent. The 18-29 years segment includes the millennial generation; wherein, people belonging to this generation are willing to spend a substantially on their personal grooming and self-care. Increasing prevalence of influencers and aggressive marketing strategies by key players to target the young audience are fueling the 18-29 years segment.
Based on distribution channels, the men’s personal care products market is segmented into drug stores or pharmacies, mono-brand stores, departmental stores, specialty stores, hypermarkets & supermarkets, and e-commerce. E-commerce is expected to be a lucrative segment during the forecast period owing to the wide accessibility of Internet and rising number of online shopping apps. The efficiency and reduction in time and effort has increased preference for online shopping and purchases of personal care items. The hypermarkets segment is projected to expand substantially due to the availability of a wide variety of items and brands. Hypermarkets have a separate department for men’s personal care products, which offer demos and free samples for customers before they make a decision regarding the purchase of a product.
In terms of regions, the global men’s personal care products market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. North America dominated the market due to the presence of a high number of manufacturers and key players present in this region. Additionally, high standard of living and increasing disposable income drive the market in North America. The market in Asia Pacific is growing due to rising awareness among men regarding the importance of using personal care products, increasing population, and rising per capita income in countries such as Japan, China, and India.
Key players in the global men’s personal care products market include Johnson and Johnson; Procter and Gamble; L'Oreal S.A; Estee Lauder Companies Inc; Unilever; Avon Products Incorporated; Kao Corporation; Colgate -Palmolive Company; Shiseido Company Limited; and Revlon Inc. These players are actively engaged in several development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, product launches, and partnerships to increase their market share.
Key players in the global men’s personal care products market include Johnson and Johnson; Procter and Gamble; L'Oreal S.A; Estee Lauder Companies Inc; Unilever; Avon Products Incorporated; Kao Corporation; Colgate -Palmolive Company; Shiseido Company Limited; and Revlon Inc. These players are actively engaged in several development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, product launches, and partnerships to increase their market share.
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