It is anticipated that the men’s skincare products market for men would expand at a rate never before seen. According to a recent research analysis by Future Market Insights (FMI), the market for men’s skincare products will reach US$ 28,344.8 Mn by the end of 2029, seeing extraordinary development at a double digit CAGR.
Men’s skincare sales are mostly focused on shaving supplies, creams, moisturisers, sunscreen, and cleansers and face washes. However, the primary reasons restricting sales of men’s grooming goods in the near future will continue to be side effects related to the usage of personal care products.
Manufacturers are concentrating on creating innovative goods to ride the current skincare trend of natural and organic products. Additionally, manufacturers have increased their attention on advanced product components and packaging for sharper profit margins.
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List of Key Players Covered in Men’s Skincare Products Market are:
- Procter & Gamble plc
- Beiersdorf AG
- Johnson & Johnson Services, Inc.
- Estee Lauder Companies
- L’Oréal S.A
- Emami Limited
- Brickell Men’s Products Company
- Menaji Worldwide, LLC
Key Takeaways – Men’s Skincare Products Market
- In 2021, ~37% of the world’s skincare products were launched in the U.K., followed by the U.S. with ~25%, and France, close to ~15%.
- Europe will hold significant shares in men’s skincare products market owing to the exceedingly high concentration of beauty & skincare manufacturers in the region.
- East Asia will be a lucrative investment pocket for companies in the men’s skincare products landscape, as the J-beauty and K-beauty cosmetic trends are proliferating in this region at a pace.
- High demand for organic products will be one of the key attributes complementing global men’s skincare products market growth.
- Oily skin issues in men remain the top revenue generator, whereas issues with sensitive skin are hinting at a rapidly emerging category to invest in.
- Online retail would be the significantly profitable sales channel.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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