Global Personal Care Appliances Market

Personal Care Appliances Market Size, Share, Growth Analysis, By Product(Hair Care, Hair Dryer, Hair Straightener, Hair Styler), By Power Supply(Battery Operated, Electric), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30L2215 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 72 | Figures: 65

Personal Care Appliances Market News

  • In February 2024, PRISM MarketView, known for fair market bits of knowledge, presented its PRISM Emerging Consumer Products Index. This index focuses on new imaginative items from emerging organizations that drive market changes and shape shopper inclinations. These organizations carry new plans to disturb customary standards with their creative contributions, utilizing innovations to improve item quality and usefulness, eventually changing the buyer experience.

     

  • In December 2023, Accenture declared a collaboration with Unilever, a multinational consumer goods company known for its 400+ brands utilized by 3.4 billion individuals every day. This strategic partnership means to use Unilever's skill in AI research and innovation execution to further develop efficiency, and effectiveness, and cultivate disruptive AI-powered innovations for an enormous scope.

  • In October 2023, reasonable LED devices for home use are energizing the following next wave of growth in beauty technology. These devices integrate light therapy technology into buyers' skincare routines, standing out because of the rise of new players and different device designs in the classification, creating fervor among purchasers.
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Personal Care Appliances Market size was valued at USD 33 billion in 2022 and is poised to grow from USD 37.26 billion in 2023 to USD 98.43 billion by 2031, growing at a CAGR of 12.91% in the forecast period (2024-2031).

The personal care appliances market is a battleground where both giants and regional contenders vie for supremacy. While regional players contribute their influence, the likes of Procter & Gamble, Dyson Limited, Koninklijke Philips N.V., Panasonic Corporation, and Conair Corporation command a distinct advantage. These prominent players stand tall in the market landscape. Their strategies for growth encompass an array of approaches, including mergers, acquisitions, strategic partnerships, expansions, and, notably, innovative product development. Among these strategies, it's evident that product innovation holds the most impactful sway. 'Philips N.V. (Netherlands)', 'Procter & Gamble Co. (United States)', 'Conair Corporation (United States)', 'Panasonic Corporation (Japan)', 'Helen of Troy Limited (United States)', 'Remington Products Company (United States)', 'Dyson Ltd. (United Kingdom)', 'Colgate-Palmolive Company (United States)', 'LG Electronics Inc. (South Korea)', 'Spectrum Brands Holdings, Inc. (United States)'

Effective marketing campaigns and endorsements by celebrities and influencers play a crucial role in raising consumer awareness and driving demand for personal care appliances.

Rise in Personal Grooming and Wellness: Growing awareness and emphasis on personal grooming, self-care, and overall wellness are driving the demand for a diverse range of personal care appliances.

The Asia Pacific market for personal care appliances achieved a size surpassing USD 7 billion in 2022, propelled by factors including a burgeoning youth demographic, rising disposable incomes, and swift urbanization. The region's dynamic growth is further fueled by heightened brand awareness and the rapid expansion of social media usage, particularly in India.

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Global Personal Care Appliances Market

Report ID: SQMIG30L2215

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