Hair Removal Wax Market to grow by USD 375.15 million between 2022 to 2027, Benefits of hair removal wax products to drive growth- Technavio

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The hair removal wax market size is expected to grow by USD 375.15 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 8.86% during the forecast period. The benefits of hair removal wax products are notably driving the hair removal wax market. However, factors such as the Presence of substitutes for hair removal wax may impede market growth. The market is segmented by Distribution Channel (Offline and Online), Product Type (Hard wax, Pre-made wax strip, and Soft wax), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Key Segment Analysis
The market growth in the hard wax segment will be significant during the forecast period. The use of hard wax is much less painful than soft wax for all parts of the body. It can be easily removed without the need for waxing strips. Hard wax can be used for sensitive spots, as it adheres to the hair rather than the skin, giving it an advantage in the hair removal process. Such benefits are driving the growth of the segment. To know additional highlights and key points on various market segments and their impact in coming years, View the PDF Sample Report.

Geographical Market Analysis 

North America will account for 31% of the market growth during the forecast period. The increasing number of salons will be the prime factor driving the growth of the hair removal wax market in North America. Also, factors such as rising disposable income, improved standard of living, and rising number of working women are fueling the growth of the regional market.

Company Insights 
The hair removal wax market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
Church and Dwight Co. Inc., Coty Inc., Edgewell Personal Care Co., Fidelgrow Hellas IKE, FILO BIANCO S.r.l., Harley Waxing, Jax Wax Australia Pty Ltd., JOLEN INC., LOreal SA, Marketing Brokers Australia Pty Ltd., MAYSTAR S.L., Parissa Laboratories Inc., Reckitt Benckiser Group Plc, Rica spa, SI and D Aust Pty. Ltd., Thalgo, The Darent Wax Co. Ltd., Xanitalia srl, Harrys Inc., RDM Care India Pvt. Ltd.

• View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Trends – Increasing demand for pre-made waxing strips is identified as the key trend in the market. 

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The hair styling products market is estimated to grow at a CAGR of 5.6% between 2022 and 2027. The size of the market is forecast to increase by USD 5,331.45 million. This report extensively covers market segmentation by type (HCGP, hair styling spray, and dry shampoo), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The innovation and portfolio extension leading to product premiumization are notably driving the market growth.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Product Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio