The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing adoption of self-grooming and personal care products are expected to drive innovation in shaving preparations manufacturing, thus driving the market during the forecast period.

The global shaving preparations market is expected to grow from $0.88 billion in 2022 to $0.98 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The shaving preparations market size is expected to grow from $1.46 billion in 2027 at a CAGR of 10.7%.

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Global shaving preparations market segments include:

• By Product Type: Shave Foams, Shaving Creams, Shaving Lotions, Shaving Waxes, Shave Gels
• By End User: Salons, Personal Use
• By Sales Channel: Beauty and Drug Stores, Branded and Specialty Outlets, Online Retailers, Convenience Stores, Other Retailing Formats
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global shaving preparations market in 2021.

Major Market Players in the shaving preparations market include The Procter and Gamble Company, L’Oréal Group, Gillette, Johnson & Johnson, Colgate-Palmolive, Energizer Holdings.

Increasing demand for wet shaving kits contributes to the growth of the shaving preparations market. The wet shaving process provides a cleaner shave than the dry shaving method, which often leads to less irritation and softer skin and growth of the beard. Many companies are also offering a wide range of razors, shaving creams or soap, shaving brushes, and after-shaving lotion at an economical rate, which keeps skin pores clean and bacteria-free and prevents acne. According to a survey conducted by Prim & Prep in the USA, aged 18+, 61% of male respondents are concerned about razor burns and bumps, and 58% of male respondents shave at least thrice a week.

The Shaving Preparations Global Market Report 2023  provides a shaving preparations market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The shaving preparations market forecast analyzes shaving preparations market size, shaving preparations market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The shaving preparations refer to products such as shaving items used to remove body hair mainly facial hair. Shaving creams comprise an emulsion of oils, soaps or surfactants, and water that helps in lubricating the cutting process, swelling keratin, and desensitizing skin.

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