The sugaring hair removal global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sugaring Hair Removal Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The sugaring hair removal market size has grown strongly in recent years. It
will grow from $2.88 billion in 2023 to $3.06 billion in 2024 at a compound
annual growth rate (CAGR) of 6.2%. The growth in the historic period can be
attributed to cultural shift towards natural and organic products, rise of
social media and influencer marketing, demand for pain-free hair removal,
wellness and self-care trends, increased availability of DIY sugaring kits.
The sugaring hair removal market size is expected to see strong growth in the
next few years. It will grow to $3.72 billion in 2028 at a compound annual
growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed
to rising demand for sustainable and eco-friendly beauty products, continued
emphasis on natural ingredients, expansion of e-commerce and online beauty
retail, increased focus on inclusivity and diversity, growing male grooming
market. Major trends in the forecast period include integration of sugaring in
wellness and spa retreats, virtual consultations and DIY support, increased
accessibility through subscription models, diversification of sugaring
products, expansion of male-specific sugaring products and services.
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Scope Of Sugaring Hair Removal Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Sugaring Hair Removal Market Overview
Market Drivers -
The expansion of spa and salon services is expected to propel the growth of the
sugaring hair removal market going forward. Spa and salon services encompass a
variety of beauty and personal care offerings provided by establishments such
as spas, salons, and beauty care centers. As global economies improve, people
have more disposable income to spend on discretionary items such as self-care
and personal appearance. Sugaring hair removal, offered as a service in spas
and salons, provides clients with a natural and effective method for achieving
smooth, hair-free skin. For instance, in May 2023, according to the
International SPA Association, a US-based spa industry association, the total
revenue in the US spa industry experienced growth from $18.1 billion in 2021 to
$20.1 billion in 2023, reflecting an increase of over 11%. Moreover, the number
of spas increased by 280 locations in 2022 over 2021, and spa visits grew from
173 million in 2021 to 181 million in 2022. Therefore, the expansion of spa and
salon services is driving the growth of the sugaring hair removal market.
Market Trends -
Major companies operating in the sugaring hair removal market are focused on
developing innovative solutions such as sugar hair remover and exfoliant to
gain a competitive advantage. These products are designed for individuals to
conduct sugaring hair removal in the comfort of their homes, offering a
cost-effective and convenient alternative. For instance, in February 2021,
Sugar Co., a UK-based cosmetic company, launched glow goop, a sugar hair
remover and exfoliant. It is a natural hair removal and exfoliating paste made
with just three simple ingredients: cane sugar, water, and organic lemon juice.
Glow Goop's sugar formula clings just to hair and dead skin cells, not to the
skin like standard waxes do. It exfoliates the skin, removing dead skin cells
and leaving it feeling silky and smooth in addition to removing undesirable
hair.
The sugaring hair removal market covered in this report is segmented –
1) By Product Type: Strip Sugar, Hand Paste, Other Product Types
2) By Wax Type: Soft Sugar Wax, Medium Sugar Wax, Hard Or Firm Wax
3) By Consumer Group: Men, Women
4) By Application: Face, Body
5) By End-User: Individual, Commercial
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Report @
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Regional Insights -
North America was the largest region in the sugaring hair removal market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the sugaring hair removal market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the sugaring hair removal market are Reckitt
Benckiser Group plc., Alexandria Professional LLC, Schick, Sugaring NYC, Eva’s
Esthetics, L.A. Bikini, Sugaring LA, Skin Inc., Parissa Laboratories Inc.,
Sugar Sugar, Nad’s, Radeq Lab, Sweet & True Sugaring Co., Nacach Wax,
Sugaring Factory, MOOM Inc., Sweet Sensation Body Sugaring, The Sweet Spot
Sugaring, Sweet Success Sugaring Training, Sweet Solutions Sugaring Studio, The
Sugaring Lounge, Sugar of the Nile, Luvspick, Guangzhou Fourto Sanitary
Products Co. Ltd., Sugardoh Inc., Sugar Cove, Sugaring London
Table of Contents
1. Executive Summary
2. Sugaring Hair Removal Market Report Structure
3. Sugaring Hair Removal Market Trends And Strategies
4. Sugaring Hair Removal Market – Macro Economic Scenario
5. Sugaring Hair Removal Market Size And Growth
…..
27. Sugaring Hair Removal Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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