The global men’s intimate products market is anticipated to surge ahead at a CAGR of 9.5% to reach a market valuation of US$ 451.78 Bn by 2030. The global men’s intimate care products market are currently valued at around US$ 217 Bn in 2022. As per detailed industry analysis,
Being well-groomed has surpassed this trend, even though being tough is still praised as the most important masculine quality. However, manufacturing shortages brought on by COVID-19-related supply chain disruptions could impede near-term growth prospects.
In recent decades, there has been a paradigm shift in gender roles. Existing beliefs about personal hygiene and care are changing at the same time as generations advance. Just as femininity is no longer limited to beautification or docility, masculinity is no longer limited to the idea of simple toughness or muscle building.
In the present era of environmental changes and elevated pollution levels, intimate hygiene is a top priority of all consumers, irrespective of one’s gender. Lack of proper hygiene is a major cause of several skin ailments and fungal or other pathogenic infections. To avoid this, spending on intimate hygiene has increased.
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As cultural norms undergo paradigm shifts, there is greater acceptance of men willing to invest in intimate hygiene products, especially among the millennial generation. While the shift is gradual, the long-run will see an increased number of men extensively utilizing personal care products.
Global Men’s Intimate Care Products Market- Key Takeaways
- Increasing emphasis on digital marketing is anticipated to bolster the men’s intimate care products market, attributed to a large online customer base;
- East Asia emerges as the kingpin in the men’s intimate care products market, attributed to a strong market presence of prominent players in the region; South Asia shall emerge as a lucrative hub due to changing cultural perceptions;
- Shaving care, wipes and creams/moisturizers are expected to sell like hot cakes, attributed to the fact that a majority of the men spend on skincare;
- A CAGR of more than 10% is predicted for the men’s intimate care products market during the forecast period.
Global Men’s Intimate Care Products Market- Key Driving Factors
- Market players are increasingly recruiting male celebrities to expand their product outreach to potential customers and stimulate greater demand.
- Expenditure on innovative marketing strategies and awareness campaigns regarding the importance of maintaining intimate hygiene are leveraging the men’s intimate care products market.
- Specific male grooming clubs and salons are becoming commonplace, driving market demand for male cosmetics and skin care products.
Global Men’s Intimate Care Products Market- Key Restraints
- Although cultural perceptions have changed, several countries still frown upon on the idea of men’s intimate care products owing to the prevalence of conservative notions of masculinity, restricting market penetration.
- Limited shelf space for male care products due to limited production is hindering the growth prospects of men’s intimate care products market.
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Anticipated Impact of the COVID-19 Pandemic
The coronavirus pandemic has leveraged the usage of personal hygiene products. This is in the wake of maintaining a clean, safe and sterile environment in order to contain the spread of the deadly pathogens. Basic hygienic practices such as hand washing and sanitizing and frequent bathing to remove any pathogens attached to the body have become commonplace.
This new awareness has also uplifted the demand for specific personal care products. Demand for products such as intimate wash for skin care, creams and moisturizers have registered an uptick throughout the duration of the pandemic. However, supply chain disruptions have generated shortfalls in the demand-supply equations as manufacturing units have been operating at reduced capacities, resulting in restricted output.
However, with several countries easing lockdown restrictions, factories are reverting to their normal capacity, bridging the demand-supply gap. Moreover, digital marketing has taken precedence over traditional marketing, allowing vendors to reach a wider customer base. Online shopping platforms such as Amazon and eBay have provided a hot bed for the sales of men’s intimate care products.
Additionally, growing e-commerce platforms will provide a greater level of comfort while purchasing these products. Thus, while the short-run projections may stunt growth, the overall forecast for the men’s intimate care products market is slated to remain positive in the future.
Competition Landscape
The global men’s intimate care products market is characterized by the presence of a plethora of vendors, making the market quite fragmented. Domestically, a host of new players are entering the market. Some prominent players include, but are not limited to L’Oréal S.A., Reckitt and Benckiser, Colgate Palmolive, Procter and Gamble, Church & Dwight, Godrej Industries, Coty Inc., and Natura & Co., among others.
Product launches, celebrity endorsements, digital marketing, promotional activities and research & development provide firm foundations for a robust market presence. For instance, L’Oréal S.A. signed up the famous James Bond actor Pierce Brosnan as the company’s male care products brand ambassador since 2008. Due to this, the market penetration of men care products has increased markedly.
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Key Segments Of Men’s Intimate Care Products Industry Survey
Men’s Intimate Care Products Market by Product:
- Washes
- Wipes
- Antiperspirants
- Creams/Moisturizers
- Shaving Care
- Others
Men’s Intimate Care Products Market by Nature:
- Organic Men’s Intimate Care Products
- Conventional Men’s Intimate Care Products
Men’s Intimate Care Products Market by Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Independent Small Stores
- Departmental Stores
- Online Retailers
- Other Sales Channels
Men’s Intimate Care Products Market by Packaging:
- Aerosols
- Sticks
- Roll-ons
- Bottles
- Tubes
- Others
Men’s Intimate Care Products Market by Price Range:
- Premium Men’s Intimate Care Products
- Mid-range Men’s Intimate Care Products
- Economic Men’s Intimate Care Products
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