Asia Pacific Hair Removal Products Market Forecast to 2028 - Regional Analysis By Product type, End User, and Distribution Channel

List of Tables

The Asia Pacific Hair Removal Products Market is expected to grow from US$ 3,784.28 million in 2022 to US$ 5,145.65 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Rise in Demand for Men's Hair Removal Product Fuel Asia Pacific Hair Removal Products Market

The rise in promotional campaigns regarding personal hair removal products has shifted the customer perspective from salon styling to at-home personal care. Moreover, the frequency of facial shaving and undesired body hair removal among men is higher than among women. Men generally use razors and blades for facial hair removal or trimming and prefer hair removal creams or sprays for removing undesired body hair. The shift in men's attitude toward personal or self-care regimes has encouraged manufacturers to develop products specific to men's skin types and requirements. For instance, in 2019, Reckitt Benckiser Group plc launched the Veet hair removal cream range for men, featuring Veet Men Normal and Veet Men Sensitive. Moreover, various companies offer razor or hair removal kit subscriptions to customers, wherein, the company delivers hair removal kits to their doorstep on a regular interval specified by the customer. For instance, companies such as Harry's, Dollar Shave Club, and The Procter & Gamble Company offer hair removal subscription boxes. Rise in demand for men's personal grooming products such as hair clippers, electric shavers, razors, blades, and hair removal creams is driving the hair removal products market.

Customers prefer convenient, hassle-free, and time-saving hair removal products, owing to busy lifestyles and shift in consumer behavior. The hair removal products manufacturers also provide offers, free gifts, launch trials, and other discounts on products to widen their customer base, which, in turn, encourages customers to spend more on hair removal products. Thus, these key factors are responsible for driving the hair removal products market.

Asia Pacific Hair Removal Products Market Overview

The Asia pacific hair removal products market is broadly segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.

The China hair removal products market was dominated by Asia-Pacific which accounted for 35.8% in 2022 and will continue to dominate the market by 2028 accounting for 36.7% of revenue share. India, is the second major contributor to the Asia pacific hair removal products market, followed by Japan, the Rest of Asia Pacific, South Korea, and Australia.

The influence of social media, population growth, and the rise in awareness of trending fashion and style statements are expected to boost the hair removal products market in Asia Pacific during the forecast period. Therefore, major market players in the region focus on developing innovative and affordable hair removal products to meet customer requirements. Moreover, the adoption of various growth strategies such as partnerships, research and development, marketing campaigns, and acquisitions is expected to fuel the regional market growth over the coming years. The growth in population and high emphasis on health in the region are reforming customers' health priorities. In 2022, Panasonic launched a six-blade shaver, featuring Japanese blade technology, as a grooming solution for men's thick facial hair. The growing personal grooming sector and rising product launches are expected to create favorable business opportunities for the hair removal products market in Asia Pacific during the forecast period.

Asia Pacific Hair Removal Products Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Hair Removal Products Market Segmentation

The Asia Pacific hair removal products market is segmented into product type, end user, distribution channel, and country.

Based on product type, the Asia Pacific hair removal products market is segmented into creams, wax strips, razors and blades, epilators, and others. The razors and blades segment held a larger share of the Asia Pacific Hair Removal Products Market in 2022.

Based on end user, the Asia Pacific hair removal products market is segmented into men and women. The women segment held the largest share of the Asia Pacific Hair Removal Products Market in 2022.

Based on distribution channel, the Asia Pacific hair removal products market is segmented into supermarket and hypermarket, convenience store, online retail, and others. The convenience store segment held the largest share of the Asia Pacific Hair Removal Products Market in 2022.

Based on country, the Asia Pacific hair removal products market is segmented into Australia, China, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific hair removal products market in 2022.

American International Inc, Church Dwight Co Inc, Koninklijke Philips NV, Oriflame Holding AG, Reckitt Benckiser Group Plc, SI&D (Aust) Pty Ltd, and The Procter & Gamble Co are some of the leading companies operating in the Asia Pacific hair removal products market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Hair Removal Products Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Hair Removal Products Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00028887

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Hair Removal Products Market, by Product Type
- 1.3.2 Asia Pacific Hair Removal Products Market, by End User
- 1.3.3 Asia Pacific Hair Removal Products Market, by Distribution Channel
- 1.3.4 Asia Pacific Hair Removal Products Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Hair Removal Products Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Asia Pacific Hair Removal Products Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Demand for Men's Hair Removal Products
- 5.1.2 Increased Spending on Personal Grooming Products
5.2 Market Restraints
- 5.2.1 Adoption of Permanent Hair Removal Methods
5.3 Market Opportunities
- 5.3.1 Development of Smart Hair Removal Devices
5.4 Future Trends
- 5.4.1 Preference for Natural and Clean-Label Hair Removal Products
5.5 Impact Analysis of Drivers and Restraints

6. Hair Removal Products - Asia Pacific Market Analysis

6.1 Asia Pacific Hair Removal Products Market Overview
6.2 Asia Pacific Hair Removal Products Market Forecast and Analysis

7. Asia Pacific Hair Removal Products Market Analysis - By Product Type

7.1 Overview
7.2 Asia Pacific Hair Removal Products Market, By Product Type (2021 and 2028)
7.3 Creams
- 7.3.1 Overview
- 7.3.2 Creams: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Wax Strips
- 7.4.1 Overview
- 7.4.2 Wax Strips: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Razors and Blades:
- 7.5.1 Overview
- 7.5.2 Razors and Blades: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Epilators:
- 7.6.1 Overview
- 7.6.2 Epilators: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others:
- 7.7.1 Overview
- 7.7.2 Others: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Hair Removal Products Market Analysis - By End User

8.1 Overview
8.2 Asia Pacific Hair Removal Products Market, By End User (2021 and 2028)
8.3 Men
- 8.3.1 Overview
- 8.3.2 Men: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Women
- 8.4.1 Overview
- 8.4.2 Women: Asia Pacific Hair Removal Products Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Hair Removal Products Market Analysis - By Distribution Channel

9.1 Overview
9.2 Asia Pacific Hair Removal Products Market, By Distribution Channel (2021 and 2028)
9.3 Supermarkets and Hypermarkets
- 9.3.1 Overview
- 9.3.2 Supermarkets and Hypermarkets: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
- 9.4.1 Overview
- 9.4.2 Convenience Stores: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
- 9.5.1 Overview
- 9.5.2 Online Retail: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Hair Removal Products Market- Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Hair Removal Products Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific Hair Removal Products Market, by Key Country - Revenue (2021) (US$ Mn)
  - 10.1.1.1 Australia: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 Australia: Asia Pacific Hair Removal Products Market, By Product Type
    - 10.1.1.1.2 Australia: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.1.3 Australia: Asia Pacific Hair Removal Products Market, by Distribution Channel
  - 10.1.1.2 China: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 China: Asia Pacific Hair Removal Products Market, By Product Type
    - 10.1.1.2.2 China: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.2.3 China: Asia Pacific Hair Removal Products Market, by Distribution Channel
  - 10.1.1.3 India: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 India: Asia Pacific Hair Removal Products Market, by Product Type
    - 10.1.1.3.2 India: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.3.3 India: Asia Pacific Hair Removal Products Market, by Distribution Channel
  - 10.1.1.4 Japan: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 Japan: Asia Pacific Hair Removal Products Market, By Product Type
    - 10.1.1.4.2 Japan: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.4.3 Japan: Asia Pacific Hair Removal Products Market, by Distribution Channel
  - 10.1.1.5 South Korea: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 South Korea: Asia Pacific Hair Removal Products Market, By Product Type
    - 10.1.1.5.2 South Korea: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.5.3 South Korea: Asia Pacific Hair Removal Products Market, by Distribution Channel
  - 10.1.1.6 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, By Product Type
    - 10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by End User
    - 10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Hair Removal Products Market, by Distribution Channel

11. Industry Landscape

11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition

12. Company Profiles

12.1 Church & Dwight Co Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Reckitt Benckiser Group Plc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Oriflame Holding AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 The Procter & Gamble Co
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Koninklijke Philips NV
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 SI&D (Aust) Pty Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 American International Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms