According to a new report, published by KBV research, The Global Men Personal Care Market size is expected to reach $238.7 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 10,618.6 million Units experiencing a growth of 6.8% (2019-2022).
The Medium segment is experiencing a CAGR of 7.1% during (2023 - 2030). Medium-priced products offer a balance between quality and affordability. They appeal to consumers seeking better quality formulations, ingredients, and performance without the premium price tag associated with luxury products. They expect higher quality, more advanced formulations, and better efficacy while still being reasonably priced. The men's grooming industry has seen significant expansion, and medium-priced products play a pivotal role in this growth. These products cater to a wider audience, including professionals, young adults, and individuals seeking better quality without high-end prices.
The Skin care segment is generating highest revenue in the Global Men Personal Care Market by Product in 2022; thereby, achieving a market value of $64.6 billion by 2030. There has been a significant shift in societal attitudes towards male grooming. Men today are more open to investing time and resources in their care routines, including skincare. The stigma around men's skincare has diminished, encouraging more men to explore and adopt skincare products. These factors will boost the demand in the segment.
The Specialty Stores segment would exhibit a CAGR of 7.2% during (2023 - 2030). Specialty stores often employ knowledgeable staff who can provide personalized recommendations and guidance tailored to individual needs. This expert advice can assist men in selecting products suitable for their specific skin type, hair concerns, or grooming preferences. Some specialty stores provide loyalty programs, discounts, or special offers for regular customers. This can incentivize repeat purchases and provide additional value to shoppers. These stores often offer trial sizes or samples of products, allowing customers to test items before committing to a full-sized purchase. This practice enables men to explore different products and find what works best for them without investing in full-size products initially.
The North America region dominated the Global Men Personal Care Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $80.4 billion by 2030. The Europe market is anticipated to grow a CAGR of 6.4% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 7.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/men-personal-care-market/
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 Shiseido Company Limited, The Colgate-Palmolive Company, Kao Corporation, Avon Products, Inc. (Natura &Co Holding S.A.), Unilever PLC, The Procter and Gamble Company, The Estee Lauder Companies, Inc., Johnson & Johnson, Reckitt Benckiser Group PLC, and L'Oréal S.A.
By Price Range (Volume, Million Units, USD Billion/Million, 2019-2030)
By Product (Volume, Million Units, USD Billion/Million, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Billion/Million, 2019-2030)
By Geography (Volume, Million Units, USD Billion/Million, 2019-2030)
Companies Profiled
Unique Offerings 
