Summary
- • The global hair removal products market size was valued at USD 4.01 billion in 2020
- • The hair removal products market is expected to grow at a CAGR of 6.3% from 2021 to 2028
- • Laser hair removal accounts for approximately 33% of the global hair removal market
- • The at-home hair removal devices market is projected to reach $1.3 billion by 2026
- • Women account for approximately 80% of the hair removal market consumers
- • The Brazilian wax treatment market is expected to grow at a CAGR of 7.6% from 2021 to 2028
- • North America holds the largest market share in the global hair removal industry, accounting for about 35% of the market
- • Electrolysis is the only FDA-approved method for permanent hair removal
- • The global wax strip market size was valued at $1.2 billion in 2020
- • IPL (Intense Pulsed Light) devices account for about 20% of at-home hair removal device sales
- • The men's hair removal market is growing at a CAGR of 8.2% from 2021 to 2028
- • Razor blades and disposable razors account for approximately 50% of the hair removal product market
- • The global depilatory products market is expected to reach $1.5 billion by 2025
- • Asia-Pacific is the fastest-growing region in the hair removal market, with a CAGR of 7.8% from 2021 to 2028
- • The professional hair removal services market is projected to reach $3.4 billion by 2026
Bald is the new black… said no one in the booming hair removal industry! With statistics as wild as a stray eyebrow hair, the global hair removal market seems to be growing faster than unwanted fuzz on a peach. From laser beams conquering a third of the market to men ditching their chest rugs at an 8.2% rate, its clear that smooth skin is in and here to stay. So grab your razors and wax strips as we dive into the hairy details of a market where grooming reigns supreme and hairless is the new black.
Consumer Trends
- The at-home hair removal devices market is projected to reach $1.3 billion by 2026
- IPL (Intense Pulsed Light) devices account for about 20% of at-home hair removal device sales
- The organic and natural hair removal products segment is growing at a CAGR of 9.2% from 2021 to 2028
- The at-home laser hair removal device market is growing at a CAGR of 15.2% from 2021 to 2028
- The subscription-based razor market is growing at a CAGR of 10.5% from 2021 to 2028
- The men's electric shavers market is growing at a CAGR of 5.7% from 2021 to 2028
- The organic hair removal wax market is growing at a CAGR of 9.2% from 2021 to 2028
- The at-home waxing products market is growing at a CAGR of 7.8% from 2021 to 2028
- The subscription-based women's razor market is growing at a CAGR of 11.2% from 2021 to 2028
Interpretation
The Hair Removal Industry seems to be on a growth spurt, with statistics painting a picture of a world where smooth and hair-free skin is not just a trend but a thriving market. From IPL devices shining bright at 20% of at-home sales to organic wax making its way into bathroom cabinets, it's clear that consumers are investing in both technology and natural solutions to achieve the ultimate goal of being hair-free. With subscription-based razors and at-home laser devices leading the charge, the industry is in for a smooth ride towards a billion-dollar future, where even men's electric shavers are getting a slice of the pie. It seems the only thing growing faster than unwanted hair is the hair removal market itself.
Demographics
- Women account for approximately 80% of the hair removal market consumers
- The men's hair removal market is growing at a CAGR of 8.2% from 2021 to 2028
- Approximately 60% of women aged 18-29 remove hair from their underarms regularly
- About 85% of women in the United States remove body hair regularly
- Approximately 40% of men aged 18-29 remove body hair regularly
- About 50% of women aged 30-59 use hair removal creams regularly
- Approximately 25% of men aged 30-59 use hair removal products on their chest
- About 70% of women aged 18-29 remove hair from their legs regularly
- Approximately 30% of men aged 18-29 remove hair from their back regularly
- About 55% of women aged 30-59 remove hair from their bikini area regularly
- Approximately 20% of men aged 30-59 use hair removal products on their arms
- About 40% of women aged 60 and above remove facial hair regularly
- Approximately 15% of men aged 60 and above use hair removal products on their ears and nose
- About 60% of women aged 18-29 remove hair from their eyebrows regularly
- Approximately 35% of men aged 30-59 remove hair from their legs regularly
Interpretation
In a society where smooth skin seems to be the benchmark for beauty, it's no wonder that the hair removal industry is buzzing with activity. With women leading the charge and accounting for a whopping 80% of the market, it's clear that the demand for hair-free skin knows no bounds. Men are also stepping up their grooming game, with a noticeable surge in the men's hair removal market. From underarms to legs, chests to backs, and everything in between, it seems that no hair is safe from the clutches of razors, creams, and wax strips. So, whether you choose to go bare or let it all grow wild, just remember that the hair removal industry is here to cater to your every follicular whim.
Market Growth
- The hair removal products market is expected to grow at a CAGR of 6.3% from 2021 to 2028
Interpretation
It seems the hair removal industry is on a smooth trajectory towards growth, with a momentum that could make even the most stubborn hairs stand on end. With a projected CAGR of 6.3% from 2021 to 2028, it's evident that consumers are keen on keeping up with the latest trends in hair removal products. Whether it's waxing, shaving, or laser treatments, the demand for silky-smooth skin shows no signs of slowing down, proving that in the grand scheme of things, removing unwanted hair is not just a passing phase, but a booming business with legs of its own.
Market Size
- The global hair removal products market size was valued at USD 4.01 billion in 2020
- The global wax strip market size was valued at $1.2 billion in 2020
- The global depilatory products market is expected to reach $1.5 billion by 2025
- The professional hair removal services market is projected to reach $3.4 billion by 2026
- The global laser hair removal equipment market was valued at $518.9 million in 2020
- The global waxing services market is expected to reach $4.7 billion by 2026
- The global hair removal wax market was valued at $8.9 billion in 2020
- The global electric shavers market size was valued at $6.6 billion in 2020
- The global depilatory cream market is expected to reach $1.8 billion by 2027
- The professional waxing services market is expected to reach $2.1 billion by 2026
- The global epilator market size was valued at $1.2 billion in 2020
- The global hair removal wax strip market is expected to reach $1.5 billion by 2027
- The global IPL (Intense Pulsed Light) hair removal devices market was valued at $1.3 billion in 2020
- The global men's grooming products market, including hair removal, is expected to reach $81.2 billion by 2024
- The global razor and blade market size was valued at $17.6 billion in 2020
- The global threading services market is expected to reach $1.2 billion by 2026
- The global depilatory products market for men is expected to reach $1.2 billion by 2026
- The global sugaring hair removal market is expected to reach $1.1 billion by 2027
- The global electric trimmer market for hair removal was valued at $4.2 billion in 2020
- The global permanent hair removal cream market is expected to reach $800 million by 2026
- The global laser hair removal equipment market is expected to reach $1.2 billion by 2026
Interpretation
In a world where the pursuit of smooth skin knows no bounds, the hair removal industry continues to wax strong, with market values that could make your head spin faster than a depilatory cream application. From electric shavers to laser equipment, from wax strips to sugaring services, it's clear that the demand for hairless perfection is a global phenomenon. With projections reaching billions of dollars for everything from men's grooming to threading services, one thing is certain - when it comes to hair removal, the market is buzzing louder than a high-powered IPL device. So, whether you're a smooth operator or a follicle fanatic, one thing's for sure - the hairless future is bright, and the dollars are smooth.
Regional Analysis
- North America holds the largest market share in the global hair removal industry, accounting for about 35% of the market
- Asia-Pacific is the fastest-growing region in the hair removal market, with a CAGR of 7.8% from 2021 to 2028
- Europe accounts for approximately 30% of the global hair removal market share
- The Middle East and Africa hair removal market is expected to grow at a CAGR of 6.8% from 2021 to 2028
- Latin America hair removal market is projected to grow at a CAGR of 7.1% from 2021 to 2028
- The Asia-Pacific laser hair removal market is growing at a CAGR of 8.5% from 2021 to 2028
- The European laser hair removal market is growing at a CAGR of 6.9% from 2021 to 2028
- The North American professional hair removal services market is growing at a CAGR of 6.5% from 2021 to 2028
- The Asia-Pacific at-home hair removal devices market is growing at a CAGR of 7.5% from 2021 to 2028
Interpretation
The hair removal industry seems to be on a smooth glide path to success, with geographies delightfully divided by their dedication to smooth skin. North America is leading the charge, proudly flaunting its 35% market share like a well-groomed trophy. Meanwhile, Asia-Pacific is sprinting ahead with a CAGR of 7.8%, fast-tracking its way to hairless perfection, leaving Europe and its 30% market share not far behind. The Middle East and Africa are proving slow and steady wins the race with a 6.8% growth rate, while Latin America is hot on their heels at 7.1%. Laser hair removal is the shining star, lighting up Asia-Pacific and Europe with impressive CAGRs, and North America is cleaning up the professional services market with finesse. At-home hair removal devices in Asia-Pacific are gaining ground at 7.5%, proving that in the battle against unwanted hair, comfort and convenience are key players. Face it, the hair removal industry is on a growth trajectory smoother than a freshly waxed leg.
Treatment Methods
- Laser hair removal accounts for approximately 33% of the global hair removal market
- The Brazilian wax treatment market is expected to grow at a CAGR of 7.6% from 2021 to 2028
- Electrolysis is the only FDA-approved method for permanent hair removal
- Razor blades and disposable razors account for approximately 50% of the hair removal product market
- The global epilator market is expected to grow at a CAGR of 5.8% from 2021 to 2026
- The threading hair removal method market is growing at a CAGR of 6.5% from 2021 to 2028
- The sugaring hair removal method market is growing at a CAGR of 7.2% from 2021 to 2028
Interpretation
In the ever-evolving world of hair removal, it seems the options are as limitless as unwanted hair itself. From laser beams to traditional razor blades and even exotic treatments like Brazilian waxes and sugaring, consumers have a smorgasbord of choices to cater to their follicle-fighting needs. As the industry blooms with innovations like threading, epilators, and electrolysis - touted as the only FDA-approved method for the bravest of hair haters - one thing is clear: in the battle against body hair, the market is hot, the CAGRs are soaring, and the quest for silky smooth skin will forever remain a hairy affair.
