DUBLIN, October 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Female Depilatory Products Market 2016-2020" report to their offering.
The report forecasts the global female depilatory products market to grow at a CAGR of 6.04% during the period 2016-2020.
One of the key trends for market growth will be the rise in number of private labels and niche brands and smaller manufacturers. The number of private label brands in the global female depilatory products market is increasing, creating competition for global and regional vendors. Private labels such as Chatters are present in the market; over time, there has also been a rise in the quality of the products offered by these labels. The private label brands contributed more than 5% of global grooming market revenue in 2015. Some of these niche branded players are Conair, Revitol, and Jolen. Some smaller players that are getting market presence in developing markets such as India include Dabur and Vi-John. The brands for depilatory products of these marketers include Fem from Dabur and Feather Touch from Vi-John.
According to the report, consumer emphasis on personal grooming and hygiene will be a key driver for market growth. Increasing emphasis on personal hygiene and grooming is likely to drive the market for depilatory products over the forecast period. In the US, a woman spends an average of $45 per month on beauty products. The Hispanics form a major part of the beauty industry. In 2015, this population segment spent over 3% more on shaving products than it did in 2014. Similarly, spending by this group on personal care products increased by over 4% from that of 2014. In key developing markets like India, demand for personal care products has grown during the period 2010-2015.
Further, the report states that increasing demand for laser hair removal will be a major challenge for the market. The growing demand for alternative solutions such as laser technology will have considerable negative effects on the sales of depilatory products. In December 2006, the US FDA approved the first at-home laser hair remover developed by P&G's Gillette and Palomar Medical Technologies. Other manufacturers have also launched similar products. More consumers are opting for these products, as laser hair removal offer long-term hair removal. This is threatening the sales of traditional depilatories.
- American International Industries
- Church & Dwight
- Procter & Gamble
Key Topics Covered:
PART 01: Executive summary
PART 02: Market summary
PART 03: Scope of the report
PART 04: Market research methodology
PART 05: Introduction
PART 06: Economic indicators
PART 07: Methods of hair removal
PART 08: Market landscape
PART 09: Market segmentation by product category
PART 10: Geographical segmentation
PART 11: Key leading countries
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/vddv97/global_female
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets