In 2021, the global razor market was worth around $17,405.4 million, which is predicted to touch $20,866.6 million by 2030, growing at a 2.0% CAGR from 2021 to 2030. Humans have always been captivated by physical attractiveness, which is related to self-confidence and self-esteem. The increased awareness of personal cleanliness among both men and women, as well as the growing demand for on-the-go grooming options, are driving razor demand even higher.
Above all,most importantly,
In 2021, the cartridge razors category led type segment of the razor market, with a sales share of roughly 40%. This is because cartridge blades are quite simple to replace. This product is also highly marketed by personal care firms, which helps in its widespread usage. Furthermore, cartridge razor demand is particularly strong in Europe, and APAC accounts for the majority of sales. Gillette cartridge razors are by far the most commonly used razors across the world.
Browse detailed report – Razor Market Analysis and Demand Forecast Report
The electric razor category is predicted to have the highest razors market CAGR, of roughly 5%, in the coming years. The rising demand for electric razors in APAC is to attributed for this. Global usage of electric razors has also been fueled by their ease of use and convenience. Additionally, it is expected that the growing fad for growing beards and stubble, particularly among young people, will further fuel the adoption of electric razors throughout the decade.
certainly,That is to say,
In 2021, the stainless-steel category held the biggest razor market share in terms of blade type. This is mostly due to the better construction quality and resistance to corrosion of stainless-steel blades. Manufacturers and customers are transitioning to stainless-steel blades as a result of these factors. Customers are more inclined to purchase these blades since they maintain their sharpness for a longer time. Additionally, the blade heats up rapidly so that users won’t feel the metal’s coldness on their skin.
Cartridge Razors Witnessed Highest Usage Among Consumers
The category of hypermarkets/supermarkets accounted for the biggest revenue share among distribution channels in 2021, with a share of almost 40%. This is mostly because a wide variety of razor goods are readily available, allowing buyers to physically compare and check products before making a purchase. The online distribution channel category, on the other hand, is predicted to develop at the highest CAGR, of 3.0%, during the projection period.
in other words,to clarify,
The APAC region now dominates the worldwide razor market, and this trend is expected to continue in the future. The tremendous requirement for such a product in the region’s growing economies is expected to propel the market ahead. China, India, and Indonesia are one of the most populated nations in APAC, and the regional market is predicted to develop at the fastest rate during the forecast period due to its rapidly rising population and high rate of urbanization.
Therefore,as a result,
Hence, the market is expected to grow at a rapid pace owing to the growing focus on personal grooming among men and women.
Hot Revenue Pocket
The way one looks has always been a tempting feature for humans, which improves their self-confidence. The increasing consciousness about physical hygiene among women and men, the rising requirement for innovative grooming solutions, and the surging disposable income are some of the key factors responsible for the mounting demand for razors. Additionally, celebrity endorsements and technical developments also have a significant role in boosting the sale of these implements.
so,consequently,
With the rising focus on looking elegant, the use of a razor has a major part to play in enhancing the appearance. Since it is a unisex product, the demand for the same is generated by all consumer groups. Thus, the razor market garnered revenue of around $17,405.4 million in 2021, and the size will advance at a CAGR of 2.0% from 2021 to 2030, to ultimately reach $20,866.6 million by 2030.
The APAC region is the leader in the industry, and it is expected to continue on the path in the future. The demand for this product in the emerging economies of the region is high. China, India, and Indonesia are some of the most-populous countries in the world, and because of their fast-growing population, increasing rate of urbanization, and improving purchase power of people for personal care goods, the region is expected to witness the quickest surge in razor sales in the years to come.
In conclusion,to sum up,
The stainless-steel category held the larger share in 2021, based on blade type, in the razor market. This is mainly because this type of blade has superior quality, does not corrode easily, and stays sharp for a longer duration. Because of these reasons, producers and consumers are opting for stainless-steel blades. In addition to these benefits, the blade heats quickly, so users do not feel the coldness of the metal on the skin.
Hypermarkets/Supermarkets Category is the Most Adopted Distribution Channel
The rapid urbanization and increase in the population are driving the adoption of electric razors, owing to their easy and convenient usage. Moreover, due to the large population, India and China are expected to display a rapid increase in the demand for electric razors. Thus, the demand for electric razors is projected to record the fastest growth among all the types in the coming years. Furthermore, the surging fashion of growing beards, primarily among youths, drives the sales of electric razors.
in short
The hypermarkets/supermarkets category held the largest share, of approximately 40%, in the razor market, in 2021, on the basis of distribution channel. This is mainly attributed to the access to an extensive range of razors in these big stores, which helps consumers compare before purchasing. On the other hand, the sales of razors through online channels are likely to record the fastest growth, at a 3.0% CAGR, in the years to come. A better variety, sales offers, round-the-clock shopping, competitive pricing, and free home delivery drive the market growth in this category.
in short
Thus, the demand for razors is increasing with the rise in the disposable income of people and surge in the population across the world.
Key Players in Razor Market Are:
- The Procter & Gamble Company
- Edgewell Personal Care Company
- Dorco Co. Ltd.
- Societe BIC S.A.
- OSCAR RAZOR
- Feather Safety Razor Co. Ltd.
- Harry’s Inc.
- Koninklijke Philips N.V.
- Wahl Clipper Corporation
- Dollar Shave Club Inc.
Market Size Breakdown by Segment
The research offers market size of the global razor market for the period 2015–2030.
Type
- Cartridge Razors
- Disposable Razors
- Electric Razors
- Straight Razors
- Safety Razors
Segment
- Mass
- Standard
- Premium
Distribution Channel
- Supermarkets/Hypermarkets
- Department Stores
- Convenience Stores
- Online
- Others (Drug Stores, Grocery Stores, and Beauty Specialists)
Blade Type
- Stainless Steel
- Carbon Steel
Consumer
- Men
- Women
Geography
- Asia-Pacific (APAC) Razor Market
- By type
- By segment
- By distribution channel
- By blade type
- By consumer
- By country – China, India, Japan, South Korea, Australia, and Rest of APAC
- Europe Razor Market
- By type
- By segment
- By distribution channel
- By blade type
- By consumer
- By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
- North America Razor Market
- By type
- By segment
- By distribution channel
- By blade type
- By consumer
- By country – U.S. and Canada
- Latin America (LATAM) Razor Market
- By type
- By segment
- By distribution channel
- By blade type
- By consumer
- By country – Brazil, Mexico, and Rest of LATAM
- Middle East and Africa (MEA) Razor Market
- By type
- By segment
- By distribution channel
- By blade type
- By consumer
- By country – Turkey, Saudi Arabia, U.A.E., and Rest of MEA
Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short
Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short