What is Global Wet Shave Market?
The Global Wet Shave Market is a comprehensive sector that encompasses a variety of products and services related to wet shaving. Wet shaving is a traditional method of shaving where water is used along with shaving cream, soap, or gel to soften the hair and skin, making it easier to shave. The market includes a wide range of products such as razors, blades, shaving creams, gels, and foams, as well as aftershave lotions and balms. The global wet shave market is a dynamic and competitive one, with several key players vying for market share. In 2022, the market was valued at US$ 6369 million and is projected to reach US$ 7639 million by 2029, growing at a CAGR of 2.6% during the forecast period 2023-2029. The market is dominated by three major players - Gillette, Philips, and BRAUN, who collectively hold about 72% of the market share. The major consumption markets are Europe and the USA, accounting for about 28% and 25% of the market share respectively.
Manual, Ratory Electric, Reciprocating Electric in the Global Wet Shave Market:
The Global Wet Shave Market is segmented based on the type of shaving device used - Manual, Rotary Electric, and Reciprocating Electric. Manual shaving is the traditional method of shaving using a razor and shaving cream or gel. It is still widely used due to its cost-effectiveness and close shave. Rotary Electric shavers have circular blades that rotate to cut hair. They are known for their flexibility as they can easily adapt to the contours of the face, providing a comfortable shave. Reciprocating Electric shavers, on the other hand, have blades that move back and forth. They are known for their precision and are ideal for those with thick and coarse hair. These different types of shaving devices cater to the diverse needs and preferences of consumers, contributing to the growth of the global wet shave market.
Terminal Distribution, Wholesale Business, E-commerce, Direct Sales, Other in the Global Wet Shave Market:
The Global Wet Shave Market finds its application in various areas such as Terminal Distribution, Wholesale Business, E-commerce, Direct Sales, and Others. Terminal Distribution involves the distribution of products to retailers who then sell them to the end consumers. Wholesale Business refers to the sale of products in large quantities, usually to retailers or other businesses. E-commerce has emerged as a significant segment in recent years with the rise of online shopping. It involves the sale of products over the internet, providing convenience and a wide range of options to consumers. Direct Sales involve the sale of products directly to consumers, bypassing any middlemen. Other applications include the use of wet shave products in salons and barber shops. The diverse applications of the products in the global wet shave market contribute to its growth and expansion.
Global Wet Shave Market Outlook:
The global Wet Shave market, which was valued at US$ 6369 million in 2022, is expected to grow to US$ 7639 million by 2029. This represents a compound annual growth rate (CAGR) of 2.6% during the forecast period from 2023 to 2029. The market is largely dominated by three major players - Gillette, Philips, and BRAUN, who together account for approximately 72% of the market share. The primary markets for wet shave products are Europe and the USA, which hold about 28% and 25% of the market share respectively.
| Report Metric | Details |
| Report Name | Wet Shave Market |
| Accounted market size in 2023 | US$ 6369 million |
| Forecasted market size in 2030 | US$ 7639 million |
| CAGR | 2.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Gillette, Philips, BRAUN, Remington, Panasonic, FLYCO, SID, POVOS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
