India Shaving Cream Market Size Booming at Significant CAGR of 6.1% to Surpass USD 2.6 Billion by 2030

Published | 12 March 2024

India Shaving Cream Market is flourishing due to the growing awareness about personal hygiene and grooming, proliferation of e-commerce platforms, rising popularity of beard grooming products, and an increasing number of female consumers using shaving cream for hair removal and skincare.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Shaving Cream Market size at USD 1.27 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Shaving Cream Market size to expand at a CAGR of 6.1% reaching a value of USD 2.66 billion by 2030. Shaving Cream Market in India is propelled by the rising awareness of personal hygiene, coupled with an increasing emphasis on natural ingredients in personal care products. The market is expected to further benefit from heightened consumer demand for natural shaving creams and other shave care products, driven by a parallel increase in spending on personal care items and continuous innovation in the shaving care sector. Additionally, the positive impact of rising consumer income and standards of living is expected to contribute to market expansion. Noteworthy trends such as the growing e-commerce industry and innovative razor designs are poised to further boost the sales of shaving care products. Manufacturers are responding to consumer preferences by introducing shaving creams and gels that are free from dyes, alcohol, sulfates, and parabens, thereby fostering market growth throughout the forecast period.

Opportunity: Preference for natural and organic grooming products

The growing awareness about the detrimental effects associated with chemical compounds used in grooming products, particularly shaving creams, has led to an increased demand for natural, clean-label, and organic alternatives in the shaving care products market. Consumers are increasingly opting for grooming items that prioritize safety, natural ingredients, organic formulations, and cruelty-free practices. This shift reflects a strong preference for products aligned with health and environmental consciousness in recent times.

Sample Request @ https://www.blueweaveconsulting.com/report/india-shaving-cream-market/report-sample

Impact of Escalating Geopolitical Tensions on India Shaving Cream Market

Geopolitical tensions can have a multifaceted impact on the India Shaving Cream Market. Such tensions often lead to economic uncertainties, affecting consumer spending patterns and market dynamics. The shaving cream market may witness fluctuations in demand due to shifts in consumer behavior prompted by geopolitical concerns. Factors like increased commodity prices, currency volatility, and trade disruptions can influence manufacturing costs and supply chains, potentially leading to price fluctuations. Moreover, heightened geopolitical tensions may contribute to an overall economic slowdown, impacting the purchasing power of consumers and their willingness to spend on non-essential products like grooming items. Adapting to these challenges will be crucial for stakeholders in navigating the uncertainties posed by geopolitical developments in the region.

India Shaving Cream Market

Segmental Information

India Shaving Cream Market – By Distribution Channel

By distribution channel, the India Shaving Cream Market is divided into Supermarkets, Convenience Stores, and Other (including E-commerce) segments. The supermarkets segment holds the highest share in the India Shaving Cream Market by distribution channel, primarily due to their convenient accessibility, extensive product range, and streamlined payment processes, along with hassle-free product replacements. These retail outlets offer customers a comprehensive shopping experience, featuring in-person product demonstrations, enabling individuals to choose from a diverse array of brands, enticing combos, and promotional offers. Notably, many brands now maintain dedicated sections for men's grooming products within these establishments. The generally lower price points compared to specialty stores further contribute significantly to the growing sales of men's grooming products in India, thereby propelling overall market expansion. Meanwhile, the others segment is expected to witness the fastest growth rate during the forecast period. The others segment includes e-commerce, which is expected for substantial growth fueled by the widespread use of mobile devices globally. The surge is attributed to shifting consumer preferences and an increasing number of suppliers entering the online sales market. E-commerce platforms like Amazon, eBay, and Flipkart, along with specialized regional websites, play a crucial role in the trade and sale of shaving products.

India Shaving Cream Market – By Region

Geographically, the India Shaving Cream Market is divided into North India, South India, East India, and West India regions. North India holds the highest share in the India Shaving Cream Market and is expected to maintain its dominance during the forecast period. This dominance is attributed to the region's substantial population, high urbanization rates, and a strong cultural emphasis on personal grooming. Also, the thriving retail infrastructure and increased consumer purchasing power contribute to North India's continued prominence in shaping the market landscape for shaving cream products.

Competitive Landscape

The India Shaving Cream Market is fragmented, with numerous players serving the market. The key players dominating the India Shaving Cream Market include L’Oreal, Colgate-Palmolive Company, Revlon Consumer Products LLC, NIVEA (Beiersdorf AG), Vi-john Group, Johnson and Johnson, Vasa Global Cosmetics, Hindustan Unilever Limited, Gillette India (Procter & Gamble), Bombay Shaving Company, The Man Company (Helios Lifestyle Private Limited), A.M. Enterprises, and Truefitt & Hill. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the India Shaving Cream Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Shaving Cream Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Shaving Cream Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com