Transcript
Global Market Study on Men’s Grooming Products: Shave Care Products Type Segment Estimated to Account for Significant Market Share Through 2024
R e s e a r c h M a r k e t P e r s i s t e n c e
Report Media Releases Global Men’s Grooming Products Sales Estimated to Reach US$ 104,199.2 Million by 2024 End; Europe’s Revenue Share to Remain Dominant With nearly 40% revenue share, Europe will continue to remain the most attractive market for men’s grooming products. Germany, France, and the UK remain the top three markets, collectively accounting for over half of the revenue share of the Europe men's grooming products market. North America, the second largest market globally, will rake in US$ 29 Bn in revenues by 2024. In terms of market value, the US$ 54 billion global market for men’s grooming products will expand at a CAGR of 8.4% through 2024. Key Regional Findings In North America, shave care products and fragrances will be the top-selling men’s grooming products The market in Asia Pacific will continue to post steady gains on account of rapidly growing sales in China Persistence Market Research’s study on the global men’s grooming products market has been compiled in the report titled “Global Men’s Grooming Products Sales Estimated to Reach US$ 104,199.2 Million by 2024 End; Europe’s Revenue Share to Remain Dominant.” Personalized shopping through e-commerce outlets has been identified as a key driving factor men’s grooming products globally. Increasing FDI in e-tailing businesses is further urging manufacturers of men’s grooming products to intensify their distribution operations through online retail channels. Easy accessibility and low costs are key factors for the rising men’s grooming products sales through e-commerce and online retail websites. Over the forecast period, online distribution channels will give rise to an absolute increment of more than US$ 12 billion. Nevertheless, sales of men’s grooming products through supermarkets and independent retail outlets remain key for companies looking to improve their sales potential by catering to impulsive buying and focusing on customer rapport. Download Sample Report @ http://www.persistencemarketresearch.com/samples/11581 Globally, the sales of men’s shave care products such as trimmers will be way higher than any other types of grooming products. Being the highest-selling products in the global market, consumption of men’s shave care products will be valued at over US$ 40 billion by the end of 2024. Subsequently, men’s grooming products sales under fragrances will account for nearly 35% of the global market over the projected period. Hair care products sales will register a market value share of about 10%, while the demand for men’s toiletries will be pared down as compared to the above types of grooming products.
Global Men's Grooming Products Market 2016-2024
R e s e a r c h
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/mens-grooming-productsmarket/toc Procter & Gamble Co. will retain its competitive position as the global leader in shave care products. Independently, the company will also be dominant in the overall global men’s grooming products market by accounting for more than 10% market share. However, local manufacturers of men’s grooming products will collectively dominate the global market by accounting for nearly one-third of its market value. Accordingly, acquisition of such native players will be a strategic measure of expanding market presence for global leaders in consumer goods. Johnson & Johnson Private Limited, Koninklijke Philips N.V., ITC Limited, Coty Inc., Unilever PLC., ColgatePalmolive Company, and Edgewell Personal Care Co., among others, are some leading manufacturers of men’s grooming products that intend to expand their businesses through acquisitions. Furthermore, L'Oréal S.A. and Beiersdorf AG are also some of the recognized players participating in the growth of the global men’s grooming products market. Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/mens-grooming-products-market.asp
P e r s i s t e n c e
M a r k e t
Higher disposable incomes don’t necessarily instrument higher sales of men’s grooming products in the premium price range. Half of the global men’s grooming products revenues are concentrated in the mid-price range, with over 7,000 million expected to be sold globally over the forecast period.
Global Men's Grooming Products Market 2016-2024
R e s e a r c h
About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to
M a r k e t
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by
P e r s i s t e n c e
transforming data from multiple streams into a strategic asset.
Contact Us: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email:
[email protected] Website: http://www.persistencemarketresearch.com/
[email protected] Stay updated with our official Blog: http://pmrblog.com
Global Men's Grooming Products Market 2016-2024
