Key Takeaways
- The global shaving products market was valued at USD 17.2 billion in 2023 and is projected to reach USD 22.5 billion by 2030, growing at a CAGR of 3.9%.
- In 2022, the U.S. shaving razor and blades market generated revenue of approximately USD 3.8 billion.
- The men's grooming market, including shaving products, reached USD 81.2 billion globally in 2023.
- 68% of men aged 18-34 prefer safety razors or cartridges over disposables, according to a 2023 survey.
- 42% of global consumers switched to sustainable shaving products in 2023, driven by eco-concerns.
- Women represent 22% of the wet shaving market consumers in 2023, up from 18% in 2020.
- Safety razors hold 28% market share in razors, favored for skin-friendliness (2023).
- Electric shavers with 5+ blades dominate at 34% of electric segment sales in 2023.
- Aftershave balms grew 11% in sales, reaching USD 2.1 billion globally in 2023.
- North America commands 35% of global shaving market share in 2023.
- China’s shaving products market grew 6.8% YoY to USD 2.9 billion in 2023.
- UK men spend average USD 45 annually on shaving products (2023).
- Gillette holds 52% global market share in razors and blades as of 2023.
- Dollar Shave Club acquired 12% U.S. subscription market share in 2023.
- Harry's razors grew 18% YoY in Europe, capturing 8% share in 2023.
The global shaving market is large and growing, driven by trends like premium and sustainable products.
Brand & Competition
- Gillette holds 52% global market share in razors and blades as of 2023.
- Dollar Shave Club acquired 12% U.S. subscription market share in 2023.
- Harry's razors grew 18% YoY in Europe, capturing 8% share in 2023.
- Schick Hydro series accounted for 22% of cartridge sales in U.S. 2023.
- Philips Norelco leads electric shavers with 29% global share in 2023.
- Bevel brand saw 25% growth in Black men's grooming segment 2023.
- Wilkinson Sword holds 15% UK market share for disposables in 2023.
- Braun electric shavers captured 19% premium segment globally 2023.
- Supply chain disruptions reduced Bic's disposable output by 7% in 2023.
- Edgewell Personal Care (Schick) holds 18% U.S. market share 2023.
- Billie razors gained 9% in women's DTC segment in 2023.
- Remington shavers saw 12% decline due to battery issues 2023.
- Treet razors dominate Pakistan with 41% local share.
- OneBlade by Philips grew 28% in trimmer-razor hybrid sales.
- Barbasol aftershave leads budget segment at 23% share U.S.
- Supply drop for Gillette in Asia affected 5% market share.
- New entrant Leaf razor captured 2% premium safety share.
- Proraso brand expanded 15% in natural aftershave Europe.
- Bic's disposable razors hold 27% global low-end market.
Brand & Competition Interpretation
Consumer Trends
- 68% of men aged 18-34 prefer safety razors or cartridges over disposables, according to a 2023 survey.
- 42% of global consumers switched to sustainable shaving products in 2023, driven by eco-concerns.
- Women represent 22% of the wet shaving market consumers in 2023, up from 18% in 2020.
- 55% of millennials use subscription services for razors, per a 2023 YouGov poll.
- Daily shaving frequency among men is 71% in the U.S., compared to 52% in Europe (2023 data).
- 37% of consumers aged 25-44 prioritize blade sharpness in razor purchases (2023 survey).
- Subscription box services captured 15% of U.S. razor sales in 2023.
- 49% of Gen Z men prefer electric shavers for convenience (2023 global survey).
- Female shaving product usage increased by 8% among professionals in 2023.
- 61% of consumers read online reviews before buying shaving products (2023 e-commerce study).
- 72% of U.S. men shave 5+ times per week, per 2023 Harris Poll.
- 31% of women under 30 shave legs weekly, down from 45% pre-2020 (2023).
- 58% prefer hypoallergenic products due to skin sensitivity issues (2023).
- Subscription models retain 84% customer loyalty in shaving DTC brands.
- 44% of consumers aged 35+ value natural ingredients in aftershaves.
- Electric shaver adoption rose 14% among urban millennials in 2023.
- 67% of men cite cost savings as reason for DTC razor switches (2023).
- Body shaving among men increased to 39% from 25% in 2019 (2023).
- 52% of Europeans use beard trimmers alongside razors daily.
Consumer Trends Interpretation
Market Size & Revenue
- The global shaving products market was valued at USD 17.2 billion in 2023 and is projected to reach USD 22.5 billion by 2030, growing at a CAGR of 3.9%.
- In 2022, the U.S. shaving razor and blades market generated revenue of approximately USD 3.8 billion.
- The men's grooming market, including shaving products, reached USD 81.2 billion globally in 2023.
- Europe held 28% share of the global wet shaving market in 2023, valued at USD 4.8 billion.
- Disposable razors accounted for 45% of the total shaving razor market revenue in 2023, generating USD 7.8 billion worldwide.
- The Asia-Pacific shaving market is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching USD 6.3 billion.
- In 2023, cartridge razors generated USD 5.4 billion in global sales, representing 31% of the market.
- The premium shaving segment grew by 7.1% YoY in 2023, valued at USD 4.1 billion globally.
- U.S. online shaving product sales reached USD 1.2 billion in 2023, up 12% from 2022.
- The electric shavers market was worth USD 3.9 billion in 2023, projected to hit USD 5.6 billion by 2030.
- The global shaving products market was valued at USD 17.2 billion in 2023 and is projected to grow at a CAGR of 4.1% from 2024 to 2032.
- North American shaving market revenue stood at USD 5.1 billion in 2022.
- The razors and blades segment dominated with 58% revenue share in 2023.
- Online channels accounted for 32% of shaving product sales globally in 2023.
- The sustainable shaving market subset reached USD 2.4 billion in 2023.
- Latin America's shaving market valued at USD 2.2 billion, growing 3.5% CAGR.
- Aftershave and post-shave products generated USD 3.5 billion in 2023.
- U.K. shaving market size was GBP 850 million in 2023.
- Men's razors alone contributed USD 11.4 billion to global market in 2023.
Market Size & Revenue Interpretation
Product Segments
- Safety razors hold 28% market share in razors, favored for skin-friendliness (2023).
- Electric shavers with 5+ blades dominate at 34% of electric segment sales in 2023.
- Aftershave balms grew 11% in sales, reaching USD 2.1 billion globally in 2023.
- Eco-friendly disposable razors increased by 22% in unit sales in 2023.
- Multi-blade cartridges (4-6 blades) account for 62% of cartridge razor market.
- Shaving creams and gels represent 41% of pre-shave product revenue in 2023.
- Smart razors with app integration saw 150% growth in 2023 sales.
- Bamboo-handled razors captured 5% of premium segment in 2023.
- Foaming gels outsold traditional creams by 3:1 ratio in 2023.
- Refillable razor heads reduced plastic waste by 40% in adopter brands (2023).
- Cartridge razors with lubricating strips hold 55% preference rate.
- Shaving brushes market grew to USD 450 million, up 9% in 2023.
- 6-blade razors saw 20% sales increase post-launch in 2023.
- Alcohol-free aftershaves captured 48% of post-shave market.
- Recyclable packaging in razors reached 27% adoption rate 2023.
- Trimmer attachments for razors boosted sales by 16% in 2023.
- Sensitive skin gels dominated pre-shave with 38% share.
- Vintage-style safety razors surged 35% in e-commerce sales.
- CBD-infused aftershaves entered market with USD 50M sales 2023.
- Biodegradable blades piloted by brands, reducing waste 25%.
Product Segments Interpretation
Regional Analysis
- North America commands 35% of global shaving market share in 2023.
- China’s shaving products market grew 6.8% YoY to USD 2.9 billion in 2023.
- UK men spend average USD 45 annually on shaving products (2023).
- India’s wet shaving market is projected to reach USD 1.5 billion by 2028.
- Brazil holds 12% of Latin America shaving market, valued at USD 800 million in 2023.
- Middle East shaving imports rose 9% to USD 450 million in 2023.
- Australia’s electric shaver penetration is 48% among men (2023).
- Germany’s premium shaving segment is worth EUR 650 million in 2023.
- Japan’s disposable razor usage is 65% of total shaves (2023 survey).
- South Africa shaving market grew 4.2% to ZAR 1.2 billion in 2023.
- Asia-Pacific region to grow fastest at 5.5% CAGR through 2030.
- France's shaving expenditure per capita is EUR 28 annually (2023).
- Mexico shaving market valued at USD 650 million in 2023.
- Russia imports 70% of premium razors from Europe (2023 data).
- Canada's electric shaver market hit CAD 450 million in 2023.
- Indonesia's disposable razor sales up 7% to IDR 1.2 trillion.
- Turkey's grooming market including shaving at TRY 3.5 billion.
- South Korea's high-tech shavers export USD 300M yearly (2023).
- Nigeria's urban shaving spend averages NGN 5,000 per man yearly.
- Scandinavia boasts 62% electric shaver usage rate (2023).
Regional Analysis Interpretation
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