According to a research report published by Spherical Insights & Consulting, the Global Shaving Market Size is Expected to Grow from USD 11.6 Billion in 2023 to USD 15.6 Billion by 2033, Growing at a CAGR of 3.01% during the forecast period 2023-2033.

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Hair removal products are manufactured and offered in the shaving market, including electric and manual razors, shaving creams, gels, foams, pre-shave and after-shave products, and accessories. Men and women are served, and a variety of grooming needs are met with tailored solutions. The personal care, grooming, and beauty industries are the focus of this industry, which includes both individual consumers and companies. In addition, shaving supplies provide a range of personal hygiene requirements for individuals of all ages. They are provided by a variety of platforms, such as internet retailers, supermarkets, pharmacies, specialized shops, retail stores, and subscription services. Additionally, the expanding cosmetics sector, which is fueled by rising demand for razors and personal hygiene items, is driving the shaving market. Increased spending on grooming products is expected to support the growth of the global shaving market due to the growing emphasis on personal grooming, particularly in corporate settings. However, the growing trend of keeping full beards and the widespread use of electronic trimmers may help the market, but they may also hinder its growth over the projection period.

Browse key industry insights spread across 225 pages with 117 Market data tables and figures & charts from the report on the report on the Global Shaving Market Size, Share, and COVID-19 Impact Analysis, By Product (Razors and Blades, Beard Moisturizer, Pre-Shave Cream, and Shave Emulsion), By Distribution Channel (Offline and Online), By End-User (Men and Women), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The razors and blades segment is anticipated to hold the largest market share of the global shaving market through the projected timeframe.                           

Based on the product, the shaving market is classified into razors and blades, beard moisturizer, pre-shave cream, and after-shave emulsion. Among these, the razors and blades segment is anticipated to hold the largest market share of the global shaving market through the projected timeframe. Growing consumer awareness of the need for personal hygiene is a key driver of the market’s expansion throughout the forecast period. In this industry, disposable razors accounted for a significant share. Most people shave as part of their daily routine, particularly those who work in corporations. Razor blades are becoming more and more popular, hence increasing demand for the product.

The offline segment is predicted to grow at the fastest CAGR in the global shaving market through the projected timeframe. 

Based on the distribution channel, the shaving market is classified into offline and online. Among these, the offline segment is predicted to grow at the fastest CAGR in the global shaving market through the projected timeframe. In developed nations such as North America and Europe, the offline market has grown extremely competitive. Customers’ demands for shaving products are rising as a result of physical enterprises’ higher level of sustainability as compared to other channels. Large companies are now displaying their items on a range of offline channels, including supermarkets, hypermarkets, and mass retail outlets, to boost sales and draw in new clients. This is expected to be the primary driver of the offline distribution channel sector’s expansion.

The men’s segment is expected to hold the largest market share of the global shaving market through the projected period.

Based on the end-user, the shaving market is classified into men and women. Among these, the men’s segment is expected to hold the largest market share of the global shaving market through the projected period. Grooming habits are being adopted by men of all ages as a way to express themselves and show concern for others. Owing to this cultural shift, which highlights the value of maintaining a well-groomed appearance, there is a greater need for innovative, premium shaving products that are tailored to the unique needs and preferences of male consumers.

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Asia Pacific is expected to hold the largest share of the shaving market through the forecast period.

Asia Pacific is expected to hold the largest share of the shaving market through the forecast period. Shaving products are widely used throughout the Asia Pacific region, which includes South Korea, China, Japan, and India. More people in these countries may be able to purchase grooming products such as razors, shaving creams, and aftershave lotions as their disposable earnings rise. Shaving market growth in that region is influenced by cultural customs and trends. Demand for innovative shaving techniques and products is fueled by the growing emphasis on personal grooming and appearance, particularly among younger people. Social media’s influence and celebrities’ promotion of a clean-shaven or well-groomed appearance as attractive are contributing factors to this trend.

North America is predicted to grow at the fastest CAGR of the shaving market over the forecast period. In this region, there is a bigger need for shaving supplies. In addition to their hectic and evolving lifestyles, many consumers in this area are using holistic approaches to beauty care, which has increased demand for personal care goods.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global shaving market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major key players in the shaving market include Procter & Gamble, Oriflame Holding AG, GiGi, Koninklijke Philips N.V., Syska India Ltd., Harry’s Inc., Societe BIC S.A. (BIC), Beiersdorf AG, Church & Dwight Co, Inc., Reckitt Benckiser Group plc, and Others.

Recent Developments

• In October 2024, PENSA and OneBlade collaborated to create the OneBlade Dawn Razor, which is geared towards women and body shavers and was made with sustainability in mind. It is made of recyclable aluminum and stainless steel, which reduces plastic waste. Its environmentally friendly design earned it the 2024 Green Good Design Award.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the shaving market based on the below-mentioned segments:

Global Shaving Market, By Product

• Razors and Blades
• Beard Moisturizer
• Pre-Shave Cream
• After Shave Emulsion

Global Shaving Market, By Distribution Channel

• Offline
• Online

Global Shaving Market, By End-User

• Men
• Women

Global Shaving Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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