Men’s Grooming Products Market Projected to Reach US$ 54 Bn 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.

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.

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.

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.

Download Report Table of Content, Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/mens-grooming-products-market/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., Colgate-Palmolive 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/market-research/mens-grooming-products-market.asp


Contact Details

Company Name: Persistence Market Research Pvt.Ltd
Issued By: Shreyas Deshmukh
Phone: 6465687751
Address: 305 Broadway,7th Floor
City: New York City
State: New York
Zip: 10007
Country: United States
Website: Visit the website

Keywords : Men’s Grooming Products Market, Men’s Grooming Products, Men’s Grooming Products Market Sales, Men’s Grooming Products Sales,

by Shreyas Deshmukh (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.