Global Beard Care Products Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Beard Care Products Market 2021: By Product (Wax & Cream, Beard Oil, Shampoo & Conditioner, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online)

Global Beard Care Products Market is the title of an upcoming report, that is currently in the process of study and analysis at Trusted Business Insights. Several factors have been analyzed in terms of study, research, and presentation of our findings on the global beard care products market. Various critical data and information such as market growth, driving factors, key trends, restraints, threats, and potential revenue opportunities in countries and regions are to be presented. In addition, various information on key players in the global market is included in the report. The factors such as recent developments, opportunities, and strategies are also discussed in detail in the report. The global beard care products market is segmented based on product, distribution channel, and region.

The Global Beard Care Products market size was valued at USD $2.73 Billion in 2020, USD $2.95 Billion in 2021, forecasted to reach  USD $3.17 Billion in 2022, and is projected to reach USD $5.73 Billion by 2030, and is anticipated to expand at a CAGR of 7.7% over the forecast period from 2020 to 2030.

Overview

Beard care products hydrate the skin and help to tame and soften beard hair. As a styling agent, beard care products protect beard from being flaky, dusty, and shaggy. Demand for organic and natural beard care products has been growing significantly due to increasing awareness about hair, skin, and other health-related problems as a result of using synthetic beard care products. Organic beard care products are made of organic and natural ingredients such as plant extracts, natural oils and other ingredients such as coconut oil, charcoal, avocado oil, and aloe Vera among others. In addition, natural and organic beard care products maintain and adhere to various high standards of purity, which are set by governing bodies of each country. These factors are expected to drive demand for beard care products in the global beard care products market. As demand for the product is growing, competition between the key players is also increasing and new manufacturers are emerging every year.

Dynamics

Changing lifestyles and rapid urbanization are the major factors expected to drive demand for beard care products in the global beard care products market during the forecast period. In addition, an increasing global target population is projected to further drive demand for beard care products in the global beard care products market during the forecast period. Among some of the factors driving demand for beard care products is growing awareness among men about personal grooming, impact of digital marketing, social media, and celebrity endorsements. In addition, beard care products are achieving significant traction in sectors such as personal grooming, which is also expected to drive growth of the global beard care products market. Due to advancement of technology and endorsement of celebrities, consumers have been becoming more fashion-conscious and adopt the products and trends promoted or used by celebrities. Due to changing lifestyles and consumer demographics, beauty and personal care products have been gaining high demand. In addition, demand for beard grooming products is attributed to men becoming beauty conscious along with women. Beard has become a style statement and has been gaining increased popularity and is projected to drive demand for beard products in the global beard products market. Owing to increasing awareness and advertisements offline and online, demand for beard care products is projected to increase further in the global beard care products market during the forecast period. However, side effects from a few unknown brands of the products are major restraints in increasing demand in the global beard care products market.

Global Beard Care Products Market Segment Analysis:

By Product: Among the product segments, the beard oil segment accounts for major revenue share as compared to other segments such as Wax & Cream and shampoo & conditioner. It is attributed to an increasing trend of growing beard and oil is a necessary item to keep it moisturized.

Distribution Channel: The Supermarkets & Hypermarkets among the distribution channel segments are expected to account for highest revenue share in the global beard care products market, and the trend is projected to continue over the forecast period.

Global Beard Care Products Market Regional Analysis:

The market in the Europe region is projected to maintain its dominance in terms of revenue share, which is attributed to rising beauty consciousness among men in the region. This growth is also attributed to the increasing fashion of growing beard in this region. However, the Asia Pacific market is expected to be fastest growing in the global beard care products market.

Below are the leading companies profiled in this Beard Care Products Market Report:

  
Badass Beard Care (US)
  
Beardbrand (US)
  
Cremo Company LLC
  
Edgewell Personal Care
  
Estée Lauder Companies
  
Honest Amish
  
LOreal S.A
  
Liberty Premium Grooming Co.(US)
  
LOréal S.A.
  
Murdock London (UK)
  
Revlon, Inc.
  
Smoky Mountain Beard Co.(US)
  
Texas Beard Company (US)
  
The American Beard Company
  
The Bearded Bastard, LLC. (US)
  
The Estée Lauder Companies, Inc.
  
The Famous Beard Oil Company, LLC(US)
  
The Man Company(India)
  
The Wahl Clipper Corporation
  
Unilever
  
Wild Willies
  
Zed Lifestyle Pvt. Ltd. (Beardo)
  
Zeus Beard Products (US)

Global Beard Care Products Market Segmentation:

By Product

  
Wax & Cream
  
Beard Oil
  
Shampoo & Conditioner
  
Others

By Distribution Channel

  
Supermarkets & Hypermarkets
  
Convenience Stores
  
Online
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Beard Care Products market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Beard Care Products market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Beard Care Products market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Beard Care Products market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Beard Care Products market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Beard Care Products market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Beard Care Products industry?