The global shaving foam market size is expected to reach USD 578.76 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.08% during the forecast period. Rising consumer spending on men’s grooming products is anticipated to propel the growth. The product features such as reduced friction of the razor blade, ease of application, and additional nourishment and lubrication during shaving are anticipated to drive the product demand.
Increasing
spending power of consumers from developing countries such as China and India
is projected to positively influence the demand for personal care products
including shaving foam. High penetration of leading brands such as Nivea and
Gillette in Asia Pacific is expected to drive the market for shaving foam.
Growing demand of organic shaving products due to reduced side effects is also
anticipated to attract customers. Manufacturers concentrate on new product
development to produce skin and environment friendly shaving foam products.
Introduction
of new organic products for nourishing, rejuvenating, and hydrating the skin is
anticipated to drive the product demand. The product eliminates concerns such
as dryness and rashes after shaving, which in turn is projected to bode well
for product demand. High demand for cosmetic products is expected to drive the
Europe market in the forthcoming years. Moreover, the rise in the sales
observed in the men’s grooming products is expected to further fuel the
regional product demand.
Growing
demand for shaving foam products in developing countries due to the impact of
leading players such as Procter & Gamble Company and Biersedorf AG is
anticipated to fuel the market growth. Rise product launches and mergers and
acquisitions among other business strategies is anticipated to create avenues
for the market in near future. The market is characterized by a few
initiatives, such as, innovations, marketing advertisements and development
endeavors by key players. For instance, In May 2019, Schick and Wilkinson razor
brands of Procter and Gamble acquired the Harry’s Inc. - a manufacturer of
razors, shaving creams, and body wash.
Full Research Report On Shaving Foam Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/shaving-foam-market
Further key
findings from the report suggest:
- In terms of
revenue, organic shaving foam product segment is projected to ascend at a
CAGR of 5.73% over the forecast period of 2019 to 2025
- Offline
distribution channel held the leading market share of over 88% in 2018
- Europe led
the global shaving foam market in 2018 with a value share of 34.24%
- Asia Pacific
is anticipated to witness significant growth over the forecast period,
owing to increasing disposable income in countries such as India, South
Korea, China, and Japan
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/shaving-foam-market/request/rs1
Grand View Research has
segmented the global shaving foam market based on product, distribution
channel, and region:
Shaving Foam
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Organic
- Conventional
Shaving Foam
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Shaving Foam
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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