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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