Shaving Foam Market: Global Industry Analysis And Forecast (2023-2029)

Global Shaving Foam Market size was valued at US$ 514 Mn. in 2022 and the total Shaving Foam revenue is expected to grow at 4.2 % through 2023 to 2029, reaching nearly US$ 686 Mn.
Shaving Foam Market Overview:
A Shaving foam is often produced with a lot of air to generate a fluffy texture that allows for lathering on the skin. Shaving foam is a foaming cosmetic cream used to shave body hair, primarily facial hair. The Shaving foam consists of a mixture of soaps or surfactants, oils, and water. It softens the hairs, making it easier for razor blades and other shavers to move across the face and removes hairs easily.

The basic shaving ingredients are packed under pressure with a propellant (such as iso-butane) to give the shaving foam a foamy and very fluffy texture. When a person presses the button on top of the bottle, pressure is released, which expands the propellant and rushes the formulation to the top. This is how foam comes from the bottle. Iso-butane also provides additional bubbles to the mixture, resulting in excessive fluffiness.

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In this report, the Shaving Foam market's growth reasons, as well as the market's many segments (Type, Distribution Channel, and Region.), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Shaving Foam market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the Shaving Foam market situation.
Shaving Foam Market Dynamics:
Shaving Foam Market is being driven by an increase in the number of luxury salons and small-scale barbershops. The foam forms a thin layer of protection between the razor and the skin which reduce friction, redness, razor burn, dryness, and irritation. The Shaving Foam nourishes the skin and prevents rashes, resulting in increased product demand during the forecast period.

Men's growing awareness of personal hygiene and grooming will create lucrative market growth prospects over the forecast period. The introduction of new innovative products and the development of new markets will accelerate market Shaving Foam Market growth in the future. Furthermore, the launch of new organic products for nourishing, regenerating, and hydrating the skin is expected to drive product demand.

The addition of ingredients to give fragrance and other benefits to shaving foam is expected to drive demand for shaving foam ly. The effect of advertisements on digital media, celebrity endorsements, and increasing awareness about personal care products among men is also expected to drive the growth of the shaving foam market. Moreover, innovations with the help of advanced technology are projected to increase demand for the shaving foam market.

Manufacturers of shaving foam focus on providing skin-friendly products that contain natural and organic ingredients that have been tested using standard parameters to reduce the risk of allergies and side effects caused by chemicals. Furthermore, product innovation in terms of fragrances and other purifying components for a comfortable shave, such as black carbon and cocoa butter is predicted to drive shaving foam demand during the forecast period. However, the growing popularity of full beards, along with the expanding acceptance of electric shavers, is likely to hinder the growth of the market in the future years.
Shaving Foam Market Segment Analysis:
By Type, the conventional shaving foams segment held the highest market share of around 78 percent in 2022 owing to increased customer needs. Furthermore, the increased preference for quick and comfortable shaving products particularly among the working-class population is expected to drive shaving foam demand. The segment's growth is expected to be increased by the high penetration of top brands like Nivea and Gillette.

The organic shaving foam segment is expected to grow at the fastest rate, with a CAGR of around 5.6 % over the forecast period. Rising consumer awareness about the risks of shaving foams containing toxic chemicals is expected to drive market growth. Furthermore, organic products help to nourish and refresh the skin that attracting a large number of customers.

By Distribution Channel, the Offline segment held the largest market share of shaving foam and it was valued at around USD 396.76 million in 2022. Some of the elements driving category growth include the availability of a diverse selection of items under one roof and convenient client support when purchasing. The introduction of customer loyalty programs and discounts is expected to fuel the segment's expansion over the forecast period.

The online segment is expected to grow at the fastest CAGR of around 7.4 % during the forecast period. The increasing number of online distribution channels such as Amazon, Walmart, Nykaa, Myntra, and Paytm, among others, is likely to boost the segment's growth. The availability of discounts and offers, as well as door-to-door delivery services, are projected to drive segment growth even further. Furthermore, the increasing adoption of smartphones, the internet, and the popularity of online shopping among youngsters are also fuelling the growth of the market.
Regional Insights:
In Europe, Shaving Foam Market is likely to maintain its dominance in terms of revenue share, owing to men growing desire to improve and enhance their appearance and growing demand for using organic products. The Shaving Foam market in the Asia Pacific is likely to reach a considerably high sales volume due to increased demand for these products in countries such as India. Furthermore, increased consumer awareness of personal grooming and the availability of men's grooming products are expected to fuel the regional market. Rising young and urban populations, as well as rising disposable income, are predicted to boost Shaving Foam Market.

The objective of the report is to present a comprehensive analysis of the Shaving Foam market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Shaving Foam market dynamics, and structure by analyzing the market segments and projecting the Shaving Foam market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Shaving Foam market make the report investor’s guide.
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Shaving Foam Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 514 Mn.


Forecast Period 2023 to 2029 CAGR:
4.2 %
Market Size in 2029:
US $ 686 Mn.


 Segments Covered:
by Type
Organic Shaving Foam
Conventional Shaving Foam


by Distribution Channel
Offline
Online


by Application
Exclusive Shop
Supermarket
Online retail
Others



Shaving Foam Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Shaving Foam Market Key Players
1.The Procter and Gamble Company
2.Beiersdorf AG
3.Gillette
4.L'Oréal S.A.
5.AHAVA
6.Biotherm
7.King of Shaves
8.Nivea Men
9.Pierre Fabre Dermo-Cosmetique USA
10.The Colgate-Palmolive Company
11.Mary Kay Inc.
12.Roger & Gallet
13.Godrej Group
14.Avon Products, Inc
15.Estee Lauder Companies, Inc.
16.Johnson & Johnson
17.Shiseido Company Limited
18.Bulldog Skincare
19.Lush North America
20.VI-John Group
21.Unilever PLC
22.NEW AVON COMPANY
23.Super-Max Limited

FAQs:

1. Which is the potential market for the Shaving Foam in terms of the region?
Ans. In the APAC region, increased consumer awareness of personal grooming and the availability of men's grooming products are expected to fuel the regional market.

2. What is the restraint for new market entrants?
Ans. the growing popularity of full beards, along with the expanding acceptance of electric shavers, is likely to hinder the growth of the market in the future years.

3. What is expected to drive the growth of the Shaving Foam market in the forecast period?
Ans. Shaving Foam Market is being driven by an increase in the number of luxury salons and small-scale barbershops.

4. What is the projected market size & growth rate of the Shaving Foam Market?
Ans. Shaving Foam Market size was valued at US$ 514 Mn. in 2022 and the total Shaving Foam revenue is expected to grow at 4.2 % through 2023 to 2029, reaching nearly US$ 686 Mn.

5. What segments are covered in the Shaving Foam Market report?
Ans. The segments covered are Type, Distribution Channel, Application and Region.