The Mens Skincare Products Market is being driven by Innovation and portfolio extension leading to product premiumization
The Mens Skincare Products Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7195.9 million. The global men's skincare market is witnessing significant growth due to the increasing trend towards natural and organic health and wellness products. Consumers are increasingly seeking superior quality, physician-recommended alternatives that are free from harmful chemicals. This trend presents lucrative opportunities for skincare product manufacturers to introduce herbal or organic product lines. Notable companies, such as Beiersdorf, have already capitalized on this trend by launching natural and organic product lines, like NIVEA PURE NATURAL, which comprises approximately 95% naturally sourced ingredients for face cleansing and moisturizing. These products cater to the demand for safe and effective skincare solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
223 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.5% |
Market growth 2025-2029 |
USD 7195.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.9 |
Key countries |
US, Canada, Germany, UK, France, China, Italy, Japan, The Netherlands, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Mens Skincare Products Market encompasses a range of offerings designed to enhance and maintain healthy, radiant skin. Key products include cleansing balms, exfoliating scrubs, night creams, post-shave balms, shaving oils, beard oils, and beard balms. Addressing concerns such as hair loss and growth, body lotions, essential oils, and botanical extracts are also popular. Glycolic and salicylic acids promote skin elasticity, tone, texture, and radiance, while addressing skin irritation, sensitivity, hydration, firmness, and clarity. Skin care routines and personalization are current trends, with clean, sustainable, eco-friendly, premium, and luxury options available. Skin care influencers and communities play a significant role in marketing and innovation, driving the use of advanced technology and skin care science.
The global personal care products market encompasses the production and research and development of various categories, including skincare items such as face washes, eye creams, and sun protection products. Additionally, this sector covers masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, market growth is attributed to the rise in disposable income, enabling consumers to allocate funds towards luxury and lifestyle-related purchases, such as premium skincare routines and advanced razor burn solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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