Shaving Lotions and Creams Market Size, Share, Growth, and Industry Analysis, By Type (Aftershave & Pre-shave), By Sale Channel (Hypermarkets/Supermarkets, Drugstores, Online Retails & Independent Retailers and Discounters) and Regional Forecast to 2032

SHAVING LOTIONS AND CREAMS MARKET REPORT OVERVIEW

The global Shaving Lotions and Creams Market Size was USD 93.2 million in 2021 and the market is projected to touch USD 14244.68  million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

The shaving lotions and creams market, covers a wide plethora of products, including preparations that are used by men to improve their shaving experience. The primary differentiation of these products relates to the various types of creams and lotions that are currently used, as well as contemporary gels and foams. They sometimes come with lotions that incorporate aloe vera, witch hazel, or other oils with the purpose of reducing skin inflammation that is caused by shaving as well as promoting skin health. As tools for providing men with a close, comfortable shave, products of this type are part of regular male grooming for many people, as well as being associated with elegance and refinement. Pork vendors are the major influencers of the shaving lotions and creams market as they continue to incubate new products and enhance the marketing and availability of their products. These players invest resources in research and innovation with a view to coming up with improved formulations that meet changing customer tastes, such as organic compounds and products with versatility. Also, increased popularity and advertising campaigns, working with popular accounts, contribute to the growth of brand recognition and market coverage and, thus, the continuous growth of the market.

COVID-19 Impact: Market Growth Restrained Due To Shutdown Of Barber Shops And Salons Amid Lockdown Owing To Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 trend has had a positive impact on the growth of the shaving lotions and creams market due to its increased focus on personal care products and efforts to eliminate hair removal services. Due to the COVID-19 pandemic, most countries implemented strategies such as lockdown and social distancing; this forced the shutdown of barber shops and salons, hence the uptake of more personal grooming products such as shaving lotions and creams. This went a long way in defying any hard market test, especially in terms of sales and revenues for manufacturers and retailers within the sector, proving that the market has indeed bounced back despite the economic challenges posed by the operation of online grocery stores.

LATEST TRENDS

"Consumer preference for natural products drives shaving lotion and cream market growth"

The shaving lotion and cream market evidently indicates that consumers have become more conscious of the products they use and are now in favor of natural and organic products. Consumers are becoming more conscious about their purchases and would want the products to be as natural as possible, without using strong chemicals but instead using oils and plant extracts. It is part of a new trend, Make It Good or Better, when it comes to personal appearance products that are characterized by their eco-packs and cruelty-free popular brands. Natural shaving products are not only for consumers looking after their health but also for those concerned about the earth, so this facet is pushing for more advances and growth in the segment.

SHAVING LOTIONS AND CREAMS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Aftershave & Pre-shave.

• Aftershave: Aftershave lotions and creams are used to calm the skin after shaving, avoid skin inflammation and redness, and give the skin a soothing feeling. It frequently incorporates such components as witch hazel or aloe vera to soothe the skin and minimize pores while having a barely discernible masculine fragrance. In different variations compatible with the specific skin, aftershaves became a tradition that ensured the maintenance of healthy skin and the appearance of grooming.
• Pre-shave: Pre-shave lotions and creams are special types of products made to prepare the face and the beard for a better shave. Moisturizers and lubricants added to the paste ensure that the beard is tenderized and can easily be shaved without risking cuts to the skin. They are versatile in formulation, eliminating the possibility of oiliness on the skin. They have a light texture that gets easily absorbed by the skin, which helps reduce friction and makes the razor glide on the skin more easily, hence improving the shaving process.

By Application

Based on sale Channel the market can be categorized into Hypermarkets/Supermarkets, Drugstores, Online Retails & Independent Retailers and Discounters.

• Hypermarkets/Supermarkets: There are large selections of shaving lotions and creams within easy reach, and hypermarkets and supermarkets provide their customers with easy access to various interesting brands as well as cheaper brands. By attaining significant shelf space and employing advocates’ promotions at retail outlets, these dominant retail players ensure that consumers with differing needs have an easy way to identify the right product for their use.
• Drugstores: Shaving products are placed with other cosmetics to create a drugstore that meets all the grooming requirements of the population. Due to their professional staff, these outlets can advise customers on the choice of certain products. Moreover, such outlets apply frequent sales and attractive discounts to start, and such people can buy really qualitative products at a low cost.
• Online Retails: Due to the development of online sales of products, consumers can easily access a wide variety of shaving lotions or creams. These buying websites provide good merchant information, customer reviews, and sometimes, more often than not, affordable prices, so that the shopper does not have to leave his or her home in order to deal with a buying decision.
• Independent Retailers and Discounters: Specialty shops and discount stores offer a small range of shaving lotions and creams, with the more exotic brands likely to be unavailable to mass merchandisers. Most grooming houses fall into this category owing to their individual approach and exclusive specializations that attract sophisticated clientele in search of differentiated products and personnel attendant services.

DRIVING FACTORS

"Technological grooming advancements and social trends drive shaving product market growth"

With the technological advancement of grooming, many men are now going for style shaving and are therefore willing to pay for superior-quality shaving lotions and creams. This change to more personal care and grooming activities is due to changes in society’s culture towards ‘beautification’ and the improvement of personal health, thereby stimulating market development. At the same time, enhanced attention to grooming products, aided by social networks and grooming videos, leads men to use high-quality shaving products, thus driving the market’s growth.

"Advancements In Formulations And Delivery Systems Drive Shaving Product Market Growth"

The shaving technology, being a very sensitive and crucial domain, especially for the male population, is currently experiencing advancements in formulations and delivery systems in the shaving lotions and creams it involves. From fatty ingredients to skin-calming agents, firms are employing science to develop merchandise that works more effectively than their counterparts. In addition, innovation in packaging and dispensing systems improves the usage of shaving lotions and creams, which in turn creates an increased demand for such products.

RESTRAINING FACTOR

"Overcrowding and competition hinder shaving product market growth significantly"

One major issue that’s restraining the Shaving Lotions and Creams Market Growth is the degree of clustering, where every second brand attempts to grab consumers’ attention and space on store shelves. This overcrowded market means that it is hard for new players to establish themselves, while for already existing brands, it is hard to come up with unique selling points. Further, cutthroat competition increases the tendency for price wars and puts pressure on the margins, thus making it difficult for organizations to post good returns and slowing down the growth of the market. The implications of such trends are that firms are forced to spend money on more creative marketing techniques coupled with product differentiation.

SHAVING LOTIONS AND CREAMS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America's grooming culture and income drive shaving product market growth"

North America has the largest Shaving Lotions and Creams Market Share, followed by the culture of grooming and higher disposable income. Having actual brands that are well-known and the consumers in that area being keen on using high-end products for grooming makes the region take the lead. Also, the easy availability of shaving lotions and creams through supermarkets and drugstore chains and via internet sales has made it easier to place the products on the market, which again contributes to the augmented share of North America.

KEY INDUSTRY PLAYERS

"Key market players drive market growth through innovation and branding"

Innovation is being deployed by key market players in terms of facility ownership, product differentiation, marketing strategies, and distribution channels in the Shaving Lotions and Creams market trend. These players use their funds to conduct their research on the effects and value of the new formulations that meet the changing demands of the consumer: organic products and products with more uses. Moreover, the weekly advertising campaigns and cooperation with branded pages contribute to the recognition of a brand and market expansion in general.

List of Market Players Profiled

• Gillette (U.S)
• Beiersdorf (Germany)
• Unilever (U.K)
• L'Oreal (France)
• Colgate-Palmolive (U.S)

INDUSTRIAL DEVELOPMENT

April, 2024: Harry's, a popular men's grooming company, have introduced an innovation by launching their refreshed razor blade cartridges reportedly integrate post-shave cooling technology directly into the cartridge. This development highlights a focus on user experience by aiming to reduce irritation and provide a more comfortable shave.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Shaving Lotions and Creams Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.