Shaving Market Size, Share, Growth Analysis, By Product(Razors & Blades, Beard Moisturizer, Pre-shave Cream, After-shave Emulsion), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031

Shaving Market size was valued at USD 4 billion in 2021 and is poised to grow from USD 4.13 billion in 2022 to USD 5.36 billion by 2030, growing at a CAGR of 3.3% in the forecast period (2023-2030).

To deal with growing demand, companies are focusing on developing new products. Due to low entry barriers and a greater market potential, new players are joining the market. Growth in demand presents an opportunity for product development. Small-scale, private enterprises have grown out of men's growing health awareness and need for a connection with personal care products. New product development and market expansion are among the key market participants' main strategies. 'Procter & Gamble', 'Unilever', 'Edgewell Personal Care', 'Gillette (P&G)', 'BIC Group', 'Beiersdorf AG', 'Harry's Inc.', 'Energizer Holdings', 'Dorco Co. Ltd.', 'Super-Max Group', 'Feather Safety Razor Co. Ltd.', 'Société BIC SA', 'Cornerstone Brands Inc.', 'Derby Razor Blades', 'American Safety Razor', 'Schick (Edgewell Personal Care)', 'Panasonic Corporation', 'Wahl Clipper Corporation', 'Koninklijke Philips N.V.', 'S. C. Johnson & Son Inc.', 'In January 2022, L'Oréal purchased American superfood skin care expert Young to the People in a move intended to expand its ethical product options in a highly competitive sector for male grooming products.', 'In April 2022, The Schick Xtreme Men's Bamboo Hybrid Razors were introduced by Edge well Personal Care Company. Flexible blades are constructed of 75% recycled steel, and the product's packaging is 100% recyclable.'

Disposable razors are convenient, affordable, and easy to use, which is contributing to their growing popularity among consumers. The ease of use and lower price point of disposable razors has made them a popular choice for many consumers, especially in emerging markets.

As consumers become more environmentally conscious, there is a growing demand for eco-friendly and sustainable shaving products. This trend has led to the introduction of recyclable and biodegradable materials in the production of shaving products, such as bamboo or metal safety razors.

North America dominated the market in 2021 and had the largest share, at more than 35.00%. The increasing demand for shaving care products in the area is to blame for this. The need for personal care products has grown as a result of consumers' busy and changing lives and the prevalence of holistic approaches to beauty care in this region.