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Global Aftershave Lotions and Creams Market 2021: By Product (Lotions & Balm, Splash), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Pharmacy Store, E-Commerce, Others)Global Aftershave Lotions and Creams Market is a report title, and the target market is currently being tracked and studied at Trusted Business Insights. Various data volumes and information related to the global aftershave lotions and creams market will be presented in the report. An exhaustive range of aspects and parameters, as well as scenarios and factors, are considered to support in presenting the report. Based on current scenarios, future probabilities are examined for concluding and confidently presenting the report. Also, the report includes verified data and information gathered from experts in the field. Exhaustive primary efforts have been conducted to arrive at well-informed and intelligent conclusions in the report. The report also presents deep insights into major trends, growth factors, Y-o-Y growth, restraints, and future forecast & opportunities. In the company profile section, operating segments, details of key players, company details, geographic footprint, and contact details are included. In addition, the report includes mergers, recent developments, effective strategies acquisitions, etc. The global shaving foam market is segmented on the basis of product, distribution channel, and region. The Global Aftershave Lotions And Creams market size was valued at USD $1.6 Billion in 2020, USD $1.66 Billion in 2021, forecasted to reach USD $1.71 Billion in 2022, and is projected to reach USD $2.21 Billion by 2030, and is anticipated to expand at a CAGR of 3.3% over the forecast period from 2020 to 2030.
OverviewAftershave lotions and creams are used to reduce redness and soothe irritation on skin after shaving. In addition, aftershave lotions and creams help to stop bleeding and have other benefits and positive effects such as skincare, hygienic benefits, and soothing effect. Skin of men is comparatively tough and it gets exposed to dust, dirt, bad weather, and environmental pollution easily. Regarding mens skin, it needs more care and this can be done with an aftershave cream or lotion. Shaving makes skin of men rough and tough. Aftershave lotions or creams make it feel fresh, better and keep clean. In addition, aftershave lotions and creams keep skin healthy and maintain an attractive look. Using these products regularly has several hygienic benefits such as preventing various skin diseases and scratching due to bacteria and germs. Although the beard trend has become very popular recently, there are millions of men still shaving every day, thus increasing demand for the product in the global market.
DynamicsIncreasing male awareness regarding hygiene and grooming is the major factor driving demand for aftershave lotions and creams. Increase of product development in the male grooming industry is expected to drive demand for aftershave lotions and creams in the global aftershave lotions and creams market during the forecast period. In addition, innovations in personal care products such as the production of aftershaves with a variety of fragrances and lotions with organic and natural ingredients is expected to increase demand for these products in the global aftershave lotions and creams market over the forecast period. Factors such as influence of social media, digital advertising, and increasing awareness about beauty care products among men are also driving demand for the product globally. Various companies have also started producing aftershave cream and lotions with anti-aging technology, which helps the skin look youthful and have a healthy texture. Increasing production and availability of various such innovative products is expected to drive demand for the product in the global aftershave lotions and creams market over the forecast period. Rapid urbanization and increasing habit of personal grooming are other factors driving the global market.
Global Aftershave Lotions and Creams Market Segment Analysis:By Product: Among the product segments, the Lotions & Balm segment accounts for major revenue share as compared to the splash segment and this is expected to continue over the forecast period. By Distribution Channel: The supermarket & hypermarket segment among the distribution channel segments is expected to account for highest revenue share in the global shaving foam market, and the trend is projected to continue over the forecast period. This is attributed to a wide range of products available in offline channels such as hypermarkets and supermarkets, which enables consumers to make a better purchase decision out of the branded products available.
Global Aftershave Lotions and Creams Market Regional Analysis:Among the regions, the Europe market is expected to maintain its dominance in terms of revenue share, which is attributed to increasing demand for male grooming products in the region. The market in Asia Pacific is also expected to register a significantly high sales volume, owing to increasing demand for these products in countries in the region.
Below are the leading companies profiled in this Aftershave Lotions And Creams Market Report:
Chapter 1 Methodology and Scope