The global beauty & barber blade market was valued at US$ 2,241.5 million in 2018, according to Global Beauty & Barber Blade Market Report, by Product Type (Shaving Blade, Straight Blade, Half Blade, Hair Trimmer Blade, and Style Blade), by Distribution Channel (Mass Retail and E-commerce), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global beauty & barber blade market is expected to reach US$ 3,216.1 million by 2027, exhibiting a CAGR of 4.1% during the forecast period. Men's grooming products are manufactured and marketed extensively, as increasing number of men are focusing on their aesthetic appeal. Hair grooming products such as shaving blades, and hair trimmers and its blades are of high demand among men’s grooming products. Blades are extensively used by men for shaping and trimming their beards. Moreover, consumers across the globe prefer high end blades, particularly those, which are manufactured using stainless steel. Stainless steel blades have the capability of resisting corrosion and are easy to maintain. Moreover, they do not cause any harm to skin, while shaving and help in preventing skin irritation. Increasing demand for such products is expected to drive growth of the global beauty and barber blade market over the forecast period.
However, lower shaving frequency is expected to hamper growth of the beauty and barber blades market over the forecast period. For instance, in August 2019, P&G announced a loss of US$ 5.24 billion incurred in its Gillette shaving business, because many hirsute men are giving up shaving.
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Browse 24 market data tables* and 17 figures* on "Beauty & Barber Blade Market” - Global forecast to 2027.
Key Trends and Analysis of the Global Beauty & Barber Blade Market:
- Among product type, style blade segment is expected to be the fastest growing segment in the global beauty & barber blade market over the forecast period. Style blades are available with various edge designs such as curved edges, which are used for creating different hair styles and textures. Players operating in the beauty and barber blade market are focused on offering variety of high quality style blades, in order to expand their consumer base. For instance, FEATHER Safety Razor Co. Ltd offers various style blades such as CGEX-10, WG-10, and TG-10. These blades are finely cut having slanted section by which hair tips fit well in the razor blades, which is ideal for creating a variety of hair textures.
Key Takeaways of the Market:
- Asia Pacific is expected to be the fastest growing region in the global beauty & barber blade market over the forecast period. Key players in the market are focused on launching innovative grooming technology in the region, which is expected to drive growth of the beauty & barber blade market over the forecast period. For instance, in July 2019, Philips launched male grooming technology, ‘OneBlade’. The product is hybrid tool, which has dual sided blade and can be used for styling, trimming, and shaving.
- Key players operating in the global beauty & barber blade market are focused on new product launches, in order to strengthen their position in the market. For instance, in 2017, Schick, a brand of Edgewell Personal Care, which deals in personal care & safety razors, launched new Hydro Silk Disposable razor in South Africa market. The new product launch is expected to increase market presence of Edgewell Personal Care in Africa market.
- Major players operating in the global beauty & barber blade market include Astra, Derby, Wilkinson Sword, Dorco Co. Ltd., Feather Safety Razor Co. Ltd., Gillette, Personna, Kai Corporation, and Fromm International