Published Date: 16-Oct-2019
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According to a new report Global Shaving Foam Market, published by KBV Research, The Global Shaving Foam Market size is expected to reach $569.3 Million by 2025, rising at a market growth of 4.6% CAGR during the forecast period.
Driven by increasing consumer preference, the conventional shaving foams segment held the largest market share in 2018. Furthermore, the increased preference for fast and convenient shaving products is anticipated to fuel demand for this market, especially among the population of the working class. Major brands like Nivea and Gillette are expected to have high penetrations that will contribute to segment growth.
Offline distribution channel has been the shaving foam market's largest segment, generating remarkable revenue in 2018. Store-based retailers designed specific store layouts that uphold male consumers' shopping needs. Many of the factors driving segment growth are the proliferation of a wide range of products under one roof and easy customer support while shopping. Companies plan to introduce customer retention programs and offers, which would propel the growth of the segment.
The Europe market dominated the Global Shaving Foam Market by Region in 2018. Many providers in the region have been urged to deliver shaving foam because the popularity of organic and natural shaving foams among the customers is growing. Also, suppliers in the region are active in expanding their business with M&A operations. The Asia Pacific market is anticipated to grow with the prominent CAGR of 5.6% during (2019 - 2025). Additionally, The North America market is expected to witness a CAGR of 3.7% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of VI-John Group, Unilever PLC, The Procter and Gamble Company, L'Oréal Group, Johnson & Johnson, Estee Lauder Companies, Inc., Avon Products, Inc., Shiseido Company Limited, Godrej Group (Godrej Consumer Products Limited) and The Colgate-Palmolive Company.
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