Feb 07, 2020 (AB Digital via COMTEX) -- The global shaving preparations market was worth $0.45 billion in 2019. Asia-Pacific is the largest region in the shaving preparations market. The shaving preparations market consists of sales of shaving preparations and related services that include shaving cream or foam, which is a frothy cosmetic cream applied to remove body hair – mainly facial hair. Shaving creams comprise of emulsion of oils, soaps or surfactants, and water that helps in lubricating the cutting process, swelling keratin, and desensitizing skin.
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The global shaving preparations market is expected to grow at a rate of about 11% and reach $0.67 billion by 2023. The increasing adoption of self-grooming & personal care products is driving the shaving preparations market. Men and women are well aware of how to get rid of body hair and use of hair removal products as it is extensively shown through advertisements and social media blogs. In addition, the introduction of sensitive razors and shaving creams that are more economical, causing less irritation and softening the beard or making skin smooth & moisturized while reducing cuts helps the market.
However, cosmetic and personal care products suppliers faced uncertain regulatory environment globally.
Increasing demand for wet shaving kits is contributing to the growth of the shaving preparations market. The wet shaving process provides cleaner scrapes than the dry shaving method. Many companies are also offering a wide range of razors, shaving creams or soap, shaving brush and after shaving lotion at an economical rate which keeps skin pores clean and bacteria free and prevent acne.
Major players in the market are The Procter and Gamble Company, L`Oréal Group, Gillette, Johnson & Johnson, Colgate-Palmolive, Energizer Holdings, Godrej, Beiersdorf AG, Unilever PLC, and Perio.
The Colgate-Palmolive Company is an American multinational consumer products company that is headquartered in New York City. It specializes in the production, distribution and provision of household, health care, personal care and veterinary products.
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Few Points From Table of Contents:
1. Executive Summary
2. Shaving Preparations Market Characteristics
3. Shaving Preparations Market Size And Growth
3.1. Global Shaving Preparations Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Shaving Preparations Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Shaving Preparations Market Segmentation
4.1. Global Shaving Preparations Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion