Asia Pacific Razor Market Size, Share & Industry Trends Analysis Report By Consumer, By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, and Online), By Product Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Razor Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
Razors' ease of use, availability and handling are also anticipated to accelerate market expansion. Furthermore, this market is anticipated to generate large amounts of income due to the widespread availability of disposable razors on e-commerce platforms.
In addition, brands that have joined the inclusivity and diversity trend are predicted to emerge, as are portable razor launches, green technology (razors), and the introduction of the gender-neutral idea in beauty items. Additionally, customers are starting to favor businesses that have a social conscience and support charitable causes, and brand preferences are predicted to change in favor of eco-friendly goods. The sustainability strategies used by vendors to boost sales and encourage customers to go green are estimated to propel the women's face razor market in the coming years. The need for women's face razors is pushed by these elements, which function as drivers.
In India, millennials make up the majority of the population. As millennials prioritize their end-use choices today, they are gradually migrating toward high-end and technologically advanced products. In rural areas, a big portion of the millennial generation views it as a potential market. For market players, increasing profits may result from tapping the growing demand for grooming items in rural areas. As millennial customers in India have grown more mindful of their appearance, they are now anticipated to spend more on grooming. Therefore, in the coming years, it is anticipated that a shift in millennial attitudes toward grooming would lead to an increase in the use of razors throughout the nation.
The China market dominated the Asia Pacific Razor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,290 Million by 2028. The Japan market is estimated to grow a CAGR of 3.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5% during (2022 - 2028).
Based on Consumer, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, and Online. Based on Product Type, the market is segmented into Cartridge, Disposable, and Electric. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Razor Market is Projected to reach USD 14.45 Billion by 2028, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter and Gamble Company, Koninklijke Philips N.V., Edgewell Personal Care Company, B. Braun Melsungen AG, Société Bic S.A., Syska LED Lights Private Limited, Harry’s, Inc., and Dorco Co. Ltd., Super-max group, and Nova
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
By Product Type
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Procter and Gamble Company
- Koninklijke Philips N.V.
- Edgewell Personal Care Company
- B.Braun Melsungen AG
- Société Bic S.A.
- Syska LED Lights Private Limited
- Harry’s, Inc.
- Dorco Co. Ltd.
- Super-max group
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