According to a new report, published by KBV research, The Global Shaving Cream Market size is expected to reach $30.3 Billion by 2031, rising at a market growth of 8.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,119.9 million units (PACK OF 6OZ), experiencing a growth of 9.0% (2020-2023).
The Women segment is anticipating a CAGR of 10.2% during (2024 - 2031). Women increasingly embrace diverse beauty standards and assert autonomy over their grooming choices, including hair removal preferences. While some women opt for traditional methods like waxing or epilation, others choose shaving as a convenient and effective hair removal method, leading to a growing demand for shaving creams among women.
The Specialty Stores segment is leading the Global Shaving Cream Market by Distribution Channel in 2023; thereby, achieving a market value of $10.9 billion by 2031. Specialty stores often curate diverse shaving creams from niche and artisanal brands that may not be readily available in mainstream retail outlets. These stores cater to grooming enthusiasts and fans who seek unique and specialized shaving products with distinctive formulations, fragrances, and packaging designs.
The Medium segment is registering a CAGR of 8.7% during (2024 - 2031). Medium-priced shaving creams offer a balance between affordability and quality. Customers are willing to pay slightly more for goods that offer greater skincare advantages, better performance, and better formulation. Medium-priced shaving creams often contain higher-quality ingredients, moisturizers, and soothing agents, appealing to consumers seeking a more effective and enjoyable shaving experience at a reasonable price.
Full Report: https://www.kbvresearch.com/shaving-cream-market/
The Europe region dominated the Global Shaving Cream Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10 billion by 2031. The Asia Pacific region is experiencing a CAGR of 8.9% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 7.9% during (2024 - 2031).
By End User (Volume, Million Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Million Units, USD Billion, 2020-2031)
By Price Point (Volume, Million Units, USD Billion, 2020-2031)
Unique Offerings 
