US: 1.646.568.9797 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Abstract, Snapshot, Market Analysis & Market Definition: Global Aftershave Lotions & Creams Market The global aftershave lotions and creams market size was valued at USD 1.6 billion in 2018. Increasing male consciousness regarding grooming and hygiene is a key factor fueling demand for aftershave lotions and creams. Product development in the male grooming industry has augmented the demand for aftershave products. Most aftershave products that contain more than 50% of alcohol usually provoke irritation and dehydrate skin. Companies are launching alcohol free products that contain plant extracts, essential oil, and fragrances. For instance, in 2019, Nivea launched Nivea Men Sensitive Aftershave lotion. The product is alcohol free and contains vitamin E and chamomile, which provides immediate skin relief, hydrates skin, and protects from irritation. Some companies are offering products with antiaging technologies as these products helps in making the skin look youthful and promoting a healthy texture. Increasing product visibility of such innovative products will help in the growth of this market over the forecast period. Post shave products are formulated to disinfect freshly shaved skin. Most products contain alcohol that provokes irritation, dehydrates skin, and even accelerates skin ageing. Since, these products are used on a daily basis, men with sensitive skin may suffer from disorders such as skin rash and acne. Since, consumers are becoming aware of harmful effects of synthetic chemicals used in after shave lotions, owing to which, consumers are shifting their preference from chemical to natural and organic ingredients, as these products are safer to use. As a result, many vendors started using natural ingredients such as green tea extracts, cucumber oils, and caffeine in their products as they help in nourishing skin. The global male grooming market has witnessed significant growth in the couple of years. Although, the urge to look good is higher among urban population, the youth in the rural areas is also becoming conscious. In addition, male in urban areas deal with lack of time, as a result they seek convenient, time saving, and multifunctional products. This, in turn, is expected to fuel demand for multifunctional post shave lotions. Market Segmentation, Outlook & Viewpoint: Global Aftershave Lotions & Creams Market Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Lotions & Balm Splash Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Supermarket/Hypermarket Convenience Store Pharmacy Store E-Commerce Others Key Players, Recent Developments & Regional Insights: Global Aftershave Lotions & Creams Market The lotion and balm segment held a leading share of 67.2% in 2018 and is expected to witness the highest growth from 2019 to 2025. As these products are designed to use after wet shave to smooth, moisturized, and nourish skin, owing to which their demand is growing, especially in developing countries including China, India, and Brazil. Moreover, increasing product availability and rising spending on grooming are expected to augment product demand over the forecast period. The segment is driven by rapid urbanization across the globe, increasing importance of personal grooming habits, and growing middle class population over the forecast period. In addition, these products are gaining popularity among millennials, which, in turn, is expected to provide growth opportunity over the forecast period. Distribution Channel Insights The convenience store segment held a leading share of 32.6% in 2018. The growth is attributed by increasing product availability at these stores. The e-commerce segment is anticipated to witness significant growth over the forecast period owing to increasing internet penetration. Developing regions including Asia Pacific are expected to benefit from boosting e-commerce industry, which is attributed to growing urbanization. Companies are entering into partnerships with pureplay giants such as Amazon and Flipkart. For instance, in 2019, Hindustan Unilever launched an Axe and Brylcreem store on Amazon. In addition, Nykaa, one of the beauty product retailers, entered into e-commerce by launching exclusive online store for men called Nykaa Man. The store will offer a wide range of products including shaving, grooming kit, hair care, bread care, bath and body, sexual wellness, and sports nutrition with around 150 - 200 brands including Beardo, the Shave Doctor, Clinique for Men, and Kielh’s. The supermarket/hypermarket segment is anticipated to expand at a CAGR of 4.8% over the forecast period. At these stores, consumer can try products before purchasing them, which, in turn, fuels the demand for hypermarket or retail chains. These retail chains are expanding their reach in tier II and III cities, especially in emerging countries such as India and China owing to rapid urbanization and growing middle class population. Moreover, rise in penetration of internet and internet of things (IoT) is expected to assist the growth of the market. Regional Insights Europe emerged as the largest regional aftershave lotions and creams market in 2018 owing to rising demand for male grooming products, including aftershave lotions and balms. Shifting consumer preferences from conventional to a modern lifestyle is a major factor responsible for the market growth in the region. Asia Pacific is the fastest growing regional market, expanding at a CAGR of 6.5% over the forecast period on account of increasing product penetration and rising middle income households. Men are regular users of body shaving products and skin enhancement cosmetics in the APAC region, thereby boosting the regional market growth. Aftershave Lotions & Creams Market Share Insights The global market is highly competitive in nature due to presence of top players including Procter and Gamble and Unilever. Some of the other key players operating in the market are Beiersdorf; Godrej Consumer Products Limited; L’Oréal; Colgate-Palmolive Company; Coty Inc.; D.R. Harris & Co Ltd.; Vi-john Group; and Herbacin cosmetic GmbH. Increasing demand for natural and organic products and stringent regulations on use of certain synthetic chemicals are providing tough competition to various vendors. The market is identified by several strategic activities such as expansions, mergers and acquisitions, and product and technological innovations, attempted by key manufacturers in the industry. Morgan's Pomade Co Ltd., one of the major aftershave brands, launched Anti-Ageing Aftershave Balm. Key Insights Covered: Global Aftershave Lotions & Creams Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Aftershave Lotions & Creams industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Aftershave Lotions & Creams industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Aftershave Lotions & Creams industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aftershave Lotions & Creams industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Aftershave Lotions & Creams industry. Research Methodology: Global Aftershave Lotions & Creams Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. HCC’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & PublishingChapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive InsightsChapter 3. Aftershav | read more...