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The Depilatories Products market refers to the industry that focuses on the manufacturing, distribution, and sale of products designed to remove unwanted body hair. Depilatory products offer temporary hair removal solutions without the need for shaving, waxing, or other more invasive methods. The major driving factors for the Global Depilatories Products Market are rising disposable income and rising consumer awareness. Along with this, the rising cosmetics industry and increasing urbanization and westernization are creating lucrative growth opportunities for the market over the forecast period 2023-2030.
The cosmetics industry plays a vital role in shaping beauty and grooming trends. As people increasingly prioritize personal grooming and body care, the demand for depilatory products has grown. These products offer a convenient and relatively painless method for temporary hair removal, aligning with the preferences of modern consumers. Thus rising cosmetics industry is driving the market growth, For instance, according to Statista, in 2020 the revenue for the cosmetics industry was USD 72,366.20 million which is predicted to increase to USD 1,31,041.20 million in 2026. Along with this, according to The World Bank, the rise in world's net national income per capita is growing over the forecast period. In 2016, the World's Net National Income was calculated to be USD 8,423 which has increased up to USD 9,276 in 2019. However, adverse effects and skin sensitivity of Depilatories Products stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Depilatories Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In North America, the Depilatories Products market is well-established, with a significant presence of market players and high consumer awareness. The market is driven by the growing emphasis on personal grooming, beauty standards, and convenience. The United States and Canada are the major contributors to the market in this region. The Asia Pacific region is witnessing significant growth in the Depilatories Products market due to the increasing disposable income, changing lifestyles, and growing urbanization. Countries such as China, Japan, South Korea, India, and Australia are the major contributors to the market. The market growth is also attributed to the rising beauty consciousness among consumers and the popularity of hair removal treatments.
Major market player included in this report are:
- Procter and Gamble Co.
- Coloris Ltd.
- Loreal S.A
- Reckitt Benckiser Group plc
- Kera-Ban Wax Products
- Jolen Inc.
- American International Industries
- Nads Corporation
- Church and Dwight Co., Inc.
- Edgewell Personal Care
