Razor Market Size, Share, Growth Analysis, By Product Type(Cartridge Razors, Electric Razors, Disposable Razors, Others), By Distribution Channel(Hypermarkets & Supermarkets, Online Stores, Convenience Stores, Others), By Segment(Mass, standard, and premium), By Blade type(stainless steel and carbon steel), By consumer(Men and Women), By Region - Industry Forecast 2024-2031

Global Razor Market size was valued at USD 17405.4 million in 2019 and is poised to grow from USD 17753.51 million in 2023 to USD 21217.09 million by 2031, growing at a CAGR of 2% in the forecast period (2024-2031).

When it comes to grooming, razors are overwhelmingly chosen. The main factor fueling the market's expansion is rising awareness of cleanliness and hygienic conditions. Razor blades may be bought at many convenience stores and are easily changed. Due to this, businesses are able to keep customers' loyalty and faith in their products. Recent razor products for the female market have been introduced, and the female population is increasingly adopting these products, which greatly facilitates the market's growth. The market is expanding primarily due to rising consumer demand for high-end, highly functional grooming products and rising income levels among the populace. The fashion trend among men to maintain various beard styles is also shifting in the global razor market, which is fueling demand for fresher, more creative razor products. The growth of the middle class and the rate of urbanization are two additional factors driving the demand for such goods.

US Razor Market is poised to grow at a sustainable CAGR for the next forecast year.