GITNUX MARKETDATA REPORT 2024

Hair Removal Industry Statistics

The hair removal industry is projected to grow steadily over the next few years, with increasing demand for both traditional and non-traditional methods such as laser hair removal.

With sources from: grandviewresearch.com, mordorintelligence.com, alliedmarketresearch.com, statista.com and many more

Statistic 1

DIY home laser hair removal devices market is projected to grow by 16% CAGR by 2025.

Statistic 2

Asian markets are experiencing rapid growth in the hair removal industry, particularly in China and India.

Statistic 3

Hair removal services constituted more than 20% of the overall beauty salon services industry revenue.

Statistic 4

Sales of hair removal creams and gels are projected to continue growing due to convenience and cost-effectiveness.

Statistic 5

Laser hair removal devices accounted for the largest revenue share in the hair removal industry in 2020.

Statistic 6

About 25% of women prefer professional hair removal services such as salon waxing or laser treatments.

Statistic 7

Nearly 60% of consumers express concerns about hair removal methods' safety and associated side effects.

Statistic 8

The most popular hair removal method among women is shaving, followed by waxing.

Statistic 9

The North American market for hair removal held a dominant market share of around 35% in 2019.

Statistic 10

The average cost for a single laser hair removal session in the U.S. is approximately $285.

Statistic 11

About 82% of women in the U.S. have used hair removal products at some point in their lives.

Statistic 12

The average American woman spends over $10,000 in her lifetime on shaving products.

Statistic 13

The global hair removal market was valued at approximately USD 2.2 billion in 2019.

Statistic 14

Permanent hair removal procedures such as laser and electrolysis are expected to dominate in terms of revenue share.

Statistic 15

Brazil accounts for one of the largest markets for waxing products due to cultural trends.

Statistic 16

Waxing services in Europe are forecast to rise in demand, contributing significantly to the market share.

Statistic 17

The introduction of pain-free laser hair removal technologies is significantly boosting industry growth.

Statistic 18

An estimated 94% of women shave their legs regularly.

Statistic 19

Men are increasingly using hair removal services, with a market growth rate of about 7% annually.

Statistic 20

The hair removal market is expected to grow at a CAGR of 9.0% from 2020 to 2027.

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In this post, we explore the dynamic landscape of the hair removal industry through an array of compelling statistics. From the booming DIY home laser hair removal devices market to evolving trends in different regions around the world, the data paints a vivid picture of the market’s growth trajectory and consumer preferences. Whether it’s the rise of permanent hair removal procedures or the cultural influences shaping product demands, the statistics offer valuable insights into this thriving industry.

Statistic 1

"DIY home laser hair removal devices market is projected to grow by 16% CAGR by 2025."

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Statistic 2

"Asian markets are experiencing rapid growth in the hair removal industry, particularly in China and India."

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Statistic 3

"Hair removal services constituted more than 20% of the overall beauty salon services industry revenue."

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Statistic 4

"Sales of hair removal creams and gels are projected to continue growing due to convenience and cost-effectiveness."

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Statistic 5

"Laser hair removal devices accounted for the largest revenue share in the hair removal industry in 2020."

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Statistic 6

"About 25% of women prefer professional hair removal services such as salon waxing or laser treatments."

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Statistic 7

"Nearly 60% of consumers express concerns about hair removal methods' safety and associated side effects."

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Statistic 8

"The most popular hair removal method among women is shaving, followed by waxing."

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Statistic 9

"The North American market for hair removal held a dominant market share of around 35% in 2019."

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Statistic 10

"The average cost for a single laser hair removal session in the U.S. is approximately $285."

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Statistic 11

"About 82% of women in the U.S. have used hair removal products at some point in their lives."

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Statistic 12

"The average American woman spends over $10,000 in her lifetime on shaving products."

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Statistic 13

"The global hair removal market was valued at approximately USD 2.2 billion in 2019."

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Statistic 14

"Permanent hair removal procedures such as laser and electrolysis are expected to dominate in terms of revenue share."

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Statistic 15

"Brazil accounts for one of the largest markets for waxing products due to cultural trends."

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Statistic 16

"Waxing services in Europe are forecast to rise in demand, contributing significantly to the market share."

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Statistic 17

"The introduction of pain-free laser hair removal technologies is significantly boosting industry growth."

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Statistic 18

"An estimated 94% of women shave their legs regularly."

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Statistic 19

"Men are increasingly using hair removal services, with a market growth rate of about 7% annually."

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Statistic 20

"The hair removal market is expected to grow at a CAGR of 9.0% from 2020 to 2027."

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Interpretation

The hair removal industry is experiencing significant growth and diversification, with various statistics highlighting key trends and consumer behaviors. The rise in sales of home laser hair removal devices, particularly in Asian markets like China and India, coupled with the popularity of professional services such as waxing and laser treatments among women, indicates a dynamic market landscape. Concerns regarding safety and side effects of hair removal methods are prevalent among consumers, yet innovations in pain-free laser technologies are driving industry growth. Men are increasingly engaging in hair removal services, demonstrating a broader market appeal. With a projected market growth rate of 9.0% from 2020 to 2027, the industry is poised for continued expansion and evolution, particularly in permanent hair removal procedures and waxing services.

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