The Europe Hair Removal Wax Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
The leading market companies are focusing their efforts on creating innovative wax products with distinctive scents and colors. Wax comes in a variety of tastes, including chocolate, aloe vera, white chocolate & ricotta. Soft wax strips are yet another hair removal method that is accessible. Owing to its simplicity of usage and adaptation by customers who cannot visit salons due to tight schedules, it may be applied at home and has become quite popular.
Moreover, in response to the rising demand for natural products among consumers who are health-conscious, manufacturers are spending money on R&D to create innovative products like organic hair removal wax containing natural ingredients. The wax used for hair removal surrounds each undesired hair as it softens; as the wax cools, it solidifies its link with the hair. When the wax has cooled, then swiftly pull it off, which would remove the hair from the skin in the process.
Europe is the largest market for hair removal products in the world. They place a high value on cleanliness & personal grooming as a result of their high standard of life, which greatly contributes to this. Due to women's increased propensity for personal care goods like hair removal, it is projected that the high women's employment rate would play a significant role. The cosmetics sector relies heavily on the European market.
The Germany market dominated the Europe Hair Removal Wax Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $299.6 million by 2028. The UK market is anticipated to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.3% during (2022 - 2028).
Based on Gender, the market is segmented into Female and Male. Based on Type, the market is segmented into Soft Wax, Hard Wax, and Premade Wax Strips. Based on Distribution Channel, the market is segmented into Hypermarkets/ Supermarkets, Specialty Stores, Pharmacies, Online Sales Channel, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hair Removal Wax Market will Hit $4.5 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Church & Dwight Co., Inc., American International Group, Inc., Reckitt Benckiser Group PLC, Coty, Inc., SI&D (Aust) Pty Ltd, The Darent Wax Company Ltd., Starpil Wax Co., Rica Group, Marzena Bodycare Australasia, and Filo Bianco S.r.l.
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