The Australian Hair Removal Market size reached US$806.5 million in 2021. By 2027, it will reach a value of US$1,131.8 million, growing at a rate of 5.90% (2022- 2027).
SHERIDAN, WYOMING, USA, September 12, 2022 /EINPresswire.com/ — The latest research study “Australia Hair Removal Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” from IMARC Group concludes that the Australia hair removal market size reached a value of US$806.5 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$1,131.8 million by 2027, with a CAGR of 5.90% in 2022-2027.
Epilation is a process of removing unwanted hair without damaging the surrounding skin. Body hair is removed for cultural, sporting, fashion and medical reasons. Laser hair removal, depilatory creams, spinning, shaving, electric hair removal and waxing are some of the common hair removal techniques. Convenient hair removal products, including electronic devices and ready-to-use wax strips, have gained traction with consumers looking for quick and easy alternatives. As a result, hair removal practices are widely adopted in households, beauty salons and dermatology clinics in Australia.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Australia Hair Removal Market Trends and Drivers:
The market is mainly driven by growing consumer awareness on physical appearances. Additionally, the growing working population of women and improving consumer living standards are driving the need for targeted treatments, such as unwanted body hair removal. This, coupled with the growing awareness of the various benefits associated with dermatological procedures and the increase in personal care expenses, represents another growth factor.
Moreover, the growing influence of social media platforms coupled with several celebrities promoting the use of hair removal products is propelling the demand for the products across the country. Apart from this, the prevalence of metrosexual culture and the introduction of specialized hair removal solutions for the male population also act as other growth inducing factors.
Additionally, many manufacturers are launching easy-to-use automated hair removal products such as trimmers, epilators, and electric shavers, which in turn is expected to increase the demand for the products. Other factors including the advent of cosmetic laser treatments and the growing importance of advanced light-based technologies such as radio frequency, intense pulsed light (IPL), and infrared are expected to accelerate the market in Australia. .
Analysis and segmentation of the hair removal market in Australia 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Abbvie Inc. (Allergan Inc.), Advanced Clinics Australia, Alma Lasers International, Braun GmbH, Candela Corporation, Koninklijke Philips NV, Lumenis Inc., Results Laser Clinics and Silk Laser Clinics.
The report has segmented the market based on region, product type, end user, and gender.
Breakdown of the market by type of product:
• Laser hair removal
• Electric hair removal
Breakdown of the market by end user:
• Beauty clinics
• Dermatology clinics
• Use at home
Market breakdown by gender:
Market Breakdown by Region:
• Western Australia
• New South Wales
• Rest of Australia
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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