Sugaring Hair Removal Market Size is valued at USD 2.86 Bn in 2022 and is predicted to reach USD 4.46 Bn by the year 2031 at a 5.2% CAGR during the forecast period for 2023-2031.
Sugaring is a popular hair removal method for those seeking a natural, chemical-free alternative to traditional waxing or shaving. It's generally well-tolerated, although individual experiences may vary, and it can take some practice to master the technique. An increasing awareness of physical appearance among men and women notably drives this trend. People opt to eliminate unwanted body hair for various reasons, encompassing aesthetic, social, cultural, and even medicinal factors. Various hair removal and reduction methods have been developed to cater to diverse hair growth patterns and accommodate budget constraints.
Over the years, various hair removal treatments have been introduced, encompassing temporary and permanent options. Many of these treatments are readily accessible for home use, while others necessitate professional salon services. The purchasing power of consumers, especially among women, has witnessed significant growth in recent years. This increased financial capacity has afforded individuals the luxury of indulging in salon treatments like wax hair removal, consequently driving sales within the Sugaring Hair Removal market.
Additionally, the growing presence of working women has further stimulated market expansion. The market faces a growth impediment in the form of the elevated expenses associated with Sugaring Hair Removal. Waxing is a temporary hair removal approach, necessitating ongoing maintenance to maintain skin smoothness. This recurring need for waxing appointments can give rise to hesitancy among certain customers who may find the cumulative costs prohibitive, potentially dissuading them from selecting waxing as their preferred hair removal method.
Competitive Landscape
Some Major Key Players In The Sugaring Hair Removal Market:
- Edgewell (Schick Hydro Silk)
- Guangzhou Fourto Sanitary Products Co., Ltd. (WaxKiss)
- Luvspick
- MOOM Inc.
- Nad’s
- Parissa Laboratories Inc.
- Reckitt Benckiser
- Sugar Sugar
- Sugardoh Inc.
- Sugaring NYC
- Other
Market Segmentation:
The sugaring hair removal market is segmented based on product, wax type, application, end users, consumer groups, price and distributional channel. Based on product, the sugaring hair removal market is segmented as strip sugar, hand paste and others (wand, etc.). The market is segmented by wax type into soft sugar wax, medium sugar wax, and hard/firm sugar wax. The sugaring hair removal market is segmented as face and body based on application. Based on end-users, the sugaring hair removal market is segmented as individual, commercial, salons, beauty clinics and others (dermatology centres, beauty centres, etc.). Based on consumer groups, the market is segmented into men and women. The market is segmented as low, medium and high based on price. Based on distributional channels, the market is segmented as online and offline.
Based On Distributional Channels, The Offline Segment Is A Major Contributor To The Sugaring Hair Removal Market.
The offline category will hold a major share of the global Sugaring Hair Removal market. When shopping in physical stores, consumers can handle products physically, examine their packaging, and even seek guidance from store staff before finalizing a purchase. For those who prefer immediate product acquisition rather than waiting for shipping, Sugaring Hair Removal is conveniently accessible over the counter. Brands can strategically direct their products to storefronts based on local consumer preferences and demographic factors.
The Hard Sugar Wax Segment Witnessed Growth At A Rapid Rate.
The hard sugar wax segment is projected to grow rapidly in the global sugaring hair removal market. Hard wax, often known as streakless wax, is a specific type of wax applied to the skin, left to cool, and subsequently removed without needing wax strips. The hard wax segment has consistently developed its formulations, scents, and supplementary ingredients to improve waxing and offer extra skin care advantages. Consequently, the advantages associated with hard wax are expected to amplify the demand for Sugaring Hair Removal products, thereby fostering the expansion of the global Sugaring Hair Removal market throughout the projected period.
The Asia Pacific Sugaring Hair Removal Market Holds A Significant Regional Revenue Share.
The Asia Pacific sugaring Hair Removal market is expected to register a tremendous market share in revenue shortly. The surge towards personal grooming is a prominent driver behind the heightened demand for waxing products. Factors such as increasing disposable incomes, elevating living standards, and a rising number of women in the workforce have collectively bolstered consumers' purchasing power. Consequently, there has been a notable uptick in consumer spending on hair removal treatments, particularly in salons and spas.
In addition, North America is projected to grow rapidly in the global Sugaring Hair Removal market. The future growth of the market is anticipated to be fueled by the escalating demand for home waxing depilatory technology among both the younger and adult demographics. Younger generations, in particular, opt for wax products over creams and razors, which can potentially irritate their skin. In response to this demand, market players continually introduce new wax products for hair removal. Consequently, these factors are poised to propel the regional wax removal market's growth in the forecasted period.
Recent Developments
- In Oct 2023, Sugar Sugar has just announced the growth of its exclusive product line, Skin From Scratch™. This expansion includes the debut of a men's collection of four distinct items. The introduction of this new product line was specifically developed to address the distinct skincare requirements of male individuals while simultaneously adhering to our dedication towards utilising cruelty-free and naturally derived components.
- In April 2023, Sugardoh accelerated its next growth phase by expanding at Ulta Beauty. This thrilling national expansion into Ulta Beauty stores enabled Sugardoh to reach a larger audience as one of the most eco-friendly and sustainable hair removal products available.
Sugaring Hair Removal Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 2.86 Bn |
|
Revenue Forecast In 2031 |
USD 4.46 Bn |
|
Growth Rate CAGR |
CAGR of 5.2% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (Unit) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, By Wax Type, By Application, By End-user, By Consumer Group, By Price, By Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Edgewell (Schick Hydro Silk), Guangzhou Fourto Sanitary Products Co., Ltd. (WaxKiss), Luvspick, MOOM Inc., Nad's, Parissa Laboratories Inc., Reckitt Benckiser, Sugar Sugar, Sugardoh Inc., Sugaring NYC, Other Key Players. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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