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How has the hair removal products market grown in recent years?

The market size for hair removal products has seen significant growth over the past few years. It is projected to increase from $4.38 billion in 2024 to $4.63 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The historic expansion can be credited to a surge in the demand for natural and eco-friendly products, evolving fashion trends, heightened consciousness about personal grooming, rising disposable incomes, and the growing demand for hair removal products.

How is the hair removal products market size expected to evolve during the forecast period?

The market size for hair removal products is projected to experience robust growth in the upcoming years, reaching $5.72 billion in 2029 with a compound annual growth rate (CAGR) of 5.4%. The surge in this forecast period is due to an increased demand for these hair removal products, boosted e-commerce traffic, heightened consciousness about personal grooming, augmented expenditure on personal care items, and the escalating number of grooming businesses. Key trends in this forecast period entail adoption of the product, massive investments and advanced developments, the launch of innovative products, usage of technology by cosmetic and medical experts, and an increased requirement for simpler and more efficient hair removal techniques.

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Which key drivers are propelling the hair removal products market’s growth?

The growth of the hair removal products market is anticipated to be propelled by an increase in grooming businesses. These businesses, which provide personal grooming and care services for individuals, are a key sector driving demand for hair removal products. The desire for hairless skin and grooming needs, influenced by cultural standards, personal preferences, and beauty trends, has contributed to this demand. These products help grooming businesses to deliver comprehensive services that meet their clients’ aesthetic tastes and hygiene requirements, thereby enhancing their overall grooming experience. For instance, the International SPA Association (ISPA), a non-profit trade organization based in the US, reported in April 2024 that the US spa business experienced a substantial revenue boost from $18.1 billion in 2021 to $20.1 billion in 2023, marking an increase of over 11%. As such, the hair removal product market’s growth is being propelled by the increased presence of grooming businesses.

What are the market segments in the hair removal products industry?

The hair removal products market covered in this report is segmented –

1) By Product: Waxing, Creams, Electronic Device, Razor

2) By Gender: Men, Women

3) By Distribution Channel: Beauty Clinics, Dermatology Clinics, Other Distribution Channels

4) By Application: Face, Body, Ear, Nose, Other Applications

Subsegments:

1) By Waxing: Hard Wax, Soft Wax, Wax Strips, Roll-On Wax, Sugar Waxing

2) By Creams: Depilatory Creams, Hair Removal Lotions, Sensitive Skin Hair Removal Creams, Gel-Based Hair Removal Creams

3) By Electronic Device: Electric Shavers, Laser Hair Removal Devices, IPL (Intense Pulsed Light) Hair Removal Devices, Epilators, Hair Removal Trimmers

4) By Razor: Manual Razors, Electric Razors, Safety Razors, Disposable Razors, Multi-Blade Razors

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Which leading companies are shaping the growth of the hair removal products market?

Major companies operating in the hair removal products market are Reckitt Benckiser Group plc, Braun GmbH, Church & Dwight Co. Inc., Rica Group, Lumenis Be Ltd., Cynosure, American International Industries, Cutera Inc., Alma Lasers, Solta Medical, Fotona D.o.o, Sciton Medical & Aesthetic Laser Technologies, Silkn beauty Ltd., Tria Beauty Inc., Nair, Flamingo, Lynton Lasers, SoftSheen Carson Inc., Sue Ismiel and Daughters, Italwax, Parissa Laboratories Inc., The Darent Wax Company Ltd., Le Club Perron Rigot, Sally Hansen Inc., Starpil Wax Co.

What are the key trends shaping the future of the hair removal products market?

Major firms in the hair removal product industry are developing innovative solutions, like Advanced IPL Hair Removal Technology, to ensure safe, handy, and professional-level hair removal in the comfort of one’s home. Advanced IPL Hair Removal Technology involves utilizing intense pulsed light (IPL) systems that produce a broad-spectrum light capable of targeting and heating hair follicles, thereby effectively stopping hair regrowth after recurrent treatments. For example, in April 2024, China’s beauty-tech firm Ulike introduced Ulike Air 10, a groundbreaking IPL hair removal gadget crafted for domestic use. The Air 10 has Super Hair Removal (SHR) Mode and Sapphire Ice Cooling Technology for improved efficacy and boosted skin protection during sessions. This product launch emphasizes Ulike’s dedication to facilitating access to professional standard beauty technology for home use, presenting customers with an efficient, safe, and comfortable alternative to salon-based hair removal.

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Which geographic areas are influencing the growth of the hair removal products market?

North America was the largest region in the hair removal products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair removal products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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