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MEN’S GROOMING PRODUCTS MARKET ANALYSIS

Men's Grooming Products Market, By Type (Skin Care, Hair Styling, Shave/Beard Care, Color Cosmetics, and Others), By Price Range (Mass and Premium), By Distribution Channel (Supermarkets & Hypermarkets, Online, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jun 2024
  • Code : CMI953
  • Pages :150
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Men’s Grooming Products Market Size and Trends

The men's grooming products market is estimated to be valued at USD 236.75 Bn in 2024 and is expected to reach USD 408.39 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

Men's Grooming Products Market Key Factors

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Men are adopting more grooming and self-care routines than ever before. Rising incomes and greater awareness about personal care brands have been major drivers of market growth over the past few years. The men's grooming products market is experiencing a profound shift in trends. An increasing demand for natural and organic personal care products is seen. Products featuring ingredients like argan oil, coconut oil, and aloe vera are gaining popularity. Furthermore, the visibility of men's grooming on social media through influencer marketing has made these products more accessible and encouraged experimentation with different items.

Growing health and wellness trend

There is a noticeable shift in attitude among men towards taking better care of their personal hygiene and grooming. With increasing health awareness, many men are making conscious choices to improve their self-care routines. They are paying more attention to diet, fitness, skincare, and overall wellness. The focus on incorporating efficacious natural ingredients and sustainable products also contributes to this change.  Taking care of one's appearance is no longer seen as feminine. Rather it is recognized as responsible self-care that enhances confidence and overall quality of life. Male grooming and skincare products have evolved considerably to cater to this growing need. The availability of multipurpose natural products that cleanse, nourish and protect the skin without harsh chemicals appeals to health-conscious consumers. Moreover, easy access to product information through digital and social media has made grooming more approachable for men. Busy lifestyles are another factor driving better routine maintenance. Men seek quick fix solutions that fit into their daily schedules without compromising on results. Lightweight, multi-tasking formulations address all the key steps of grooming - from face wash to moisturizer to beard oil - in one simple step. The promise of rejuvenated, healthier looking skin motivates many to incorporate grooming essentials as part of their self-care regimen alongside diet and exercise.

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Changing social values

Societal values around masculinity are evolving with growing acceptance of diversity and alternative definitions of attractiveness. There is less stigma attached to putting effort into personal appearance and displaying natural beauty, which was earlier discouraged as vain behavior. Younger generations especially are challenging old stereotypes and feel empowered to define their grooming needs on their own terms. With normalization of social media documentation of daily lives, putting one's best foot forward has become an integral part of self-expression for many. Visible traits like hair, facial hair, fit bodies, etc. get as much attention as personality traits in shaping perceptions. In this backdrop, grooming has cemented its place as an emblem of confidence and social currency for those who engage in it seriously. Whether it be a date, job interview, or public gathering, men want to put their best self forward by looking polished and groomed.

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