The global hair removal wax industry is expected to reach $4.5 billion by 2028

DUBLIN, September 21, 2022 /PRNewswire/ — The “Global Hair Removal Wax Market Size, Share and Trends Analysis Report by Gender (Female and Male), by Type, by Distribution Channel, by Regional Outlook and Forecast, 2022-2028” report has been added to from ResearchAndMarkets.com offer.

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The Global Hair Removal Wax Market Size is Expected to Reach $4.5 billion by 2028, with a market growth of 7.9% CAGR during the forecast period.

Waxing is a method of removing unwanted hair from the roots, using depilatory wax. When applied to the skin, wax is a sticky substance that sticks to body hair. The hair from the follicle is removed by pulling on its covering. Hair removal wax is a semi-permanent way to get rid of unwanted hair. For two to eight weeks after waxing, hair does not grow in this area. Nevertheless, in some people, hair regrowth begins within a week. Almost any area can be treated with hair removal wax, including eyebrows, arms, face, abdomen, intimate area and feet. The skin is covered with a thin layer of wax. After that, a strip of paper or fabric is pushed over the wax layer. The strip of paper or fabric is then torn off in the direction of hair growth. Both hair and wax are removed in this way.

The three major market trends and drivers for hair removal wax are an improving economy, a rapidly aging population, and an increase in disposable income. The hair removal wax market is expected to grow as the hair removal wax industry gradually matures in developed economies. The depilatory wax market has grown due to the increase in the purchasing power of consumers, especially among women, who can now afford certain luxuries such as visiting a salon for hair removal. in wax. Moreover, the increase in the proportion of working women has facilitated the growth of the market.

One of the most widely used waxing techniques on the market today is hot waxing. A strip of paper is used to help remove hair after applying hot wax to the body. Sometimes people confuse warm wax with hot wax, which is applied to the body before it cools and sets on the skin. Depending on their skin type, many people prefer wax because it removes hair directly from the skin. The most popular technique is waxing as it produces a long lasting result and an incredibly smooth finish. During the forecast period, the hair removal wax market is expected to grow due to various waxing techniques and their long-lasting benefits.

COVID-19 Impact Analysis

Almost every industry has been impacted by the COVID-19 pandemic, either favorably or unfavourably. Sales of basic necessities like food, medicine and health equipment have surged. Supply and demand for lifestyle products have been hampered. Daily necessities as well as cleanliness and health items have seen growth due to the spread of the COVID-19 virus around the world. Since hair removal wax has become part of hygiene products, the market for these items has grown tremendously. However, the lockdown situation hampered the production of wax products as well as the supply chain, resulting in a shortage of goods in the market.

Market Growth Factors

Changing lifestyles are expected to increase demand for products

The demand for waxing products is mainly driven by the need to maintain a well-groomed physical appearance. The purchasing power of consumers is increasing due to changing lifestyles, rising standards of living and increasing disposable incomes. This impacts customer spending on hair removal services at salons or spas. Many professional spas and salons purchase hair removal products. In the near future, this is expected to have a continuous impact on the depilatory wax market.

Growing demand for ready-to-use wax strips

Ready-to-use hair removal strips are a hair removal method that already contains wax, eliminating the need to heat and apply wax during hair removal. In the long term, pre-made wax strips are more effective. For the majority of body parts including the bikini area, face, armpits and legs, pre-made wax strips are preferred as they are available in a range of sizes and shapes. These cold wax strips can quickly and easily remove hair from large areas when used at home.

Market restraining factors

Access to alternative products

Due to increasing customer choice, non-invasive and non-surgical hair removal methods are becoming increasingly popular. Alternatives to waxing include shaving, lotions, and laser hair removal techniques, as they are less painful and do not cause skin irritation or abrasion. In order to remove unwanted hair, men and women use shaving techniques such as razors and hair removal creams because they are cheaper and easier to use. This is considered to be a significant factor that can restrain the growth of the depilatory wax market.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview
2.1 Presentation
2.1.1 Presentation
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints

Chapter 3. Global Hair Removal Wax Market by Gender
3.1 Global Female Market by Region
3.2 Global Men’s Market by Region

Chapter 4. Global Hair Removal Wax Market by Type
4.1 Global Soft Wax Market by Region
4.2 Global Hard Wax Market by Region
4.3 Global Wax Strips Market by Region

Chapter 5. Global Hair Removal Wax Market by Distribution Channel
5.1 Global Hypermarket/Supermarket Market by Region
5.2 Global Specialty Stores Market by Region
5.3 Global Pharmacy Market by Region
5.4 Global Online Sales Channel Market by Region
5.5 Global Others Market by Region

Chapter 6. Global Hair Removal Wax Market by Region

Chapter 7. Business Profiles
7.1 Church and Dwight Co., Inc. (Nair)
7.1.1 Presentation of the company
7.1.2 Financial analysis
7.1.3 Segmental analysis
7.1.4 Research and development costs
7.1.5 Strategies and recent developments:
7.1.5.1 Geographic extensions:
7.2 American International Group, Inc. (AIG)
7.2.1 Presentation of the company
7.2.2 Financial analysis
7.2.3 Sectoral and regional analysis
7.2.4 Strategies and recent developments:
7.2.5 SWOT analysis
7.3 Reckitt Benckiser Group PLC (Veet)
7.3.1 Presentation of the company
7.3.2 Financial analysis
7.3.3 Sectoral and regional analysis
7.3.4 Research & Development expenses
7.4 Coty, Inc. (JAB Cosmetics BV) (Sally Hansen Inc.)
7.4.1 Company Overview
7.4.2 Financial analysis
7.4.3 Regional Analysis
7.5 SI&D (Aust) Pty Ltd (Sue Ismiel & Girls)
7.5.1 Presentation of the company
7.5.2 Strategies and recent developments:
7.5.2.1 Geographic expansions:
7.6 Darent Wax Ltd.
7.6.1 Company Overview
7.7 Starpil Wax Co. (Maystar Group)
7.7.1 Company Overview
7.8 Rica Group
7.8.1 Company overview
7.9 Marzena Bodycare Australasia
7.9.1 Company overview
7.10. Filo White S.rl (Italwax)
7.10.1 Company overview

For more information on this report, visit https://www.researchandmarkets.com/r/ngseo0

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