Global Hair Removal Wax Market by Product Type (Soft Wax and Hard Wax); By Application (Individual and Commercial); By Distribution Channel (Online and Offline); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: May 2021
- Report ID: BWC20346
- Available Format: PDF
- Page: 158
Report Overview
The global Hair removal wax market was worth USD 7.45 billion in 2020 and is further projected to reach USD 15.0 billion by 2027 at a CAGR of 10.8% during the forecast period (2021-2027).
Global Hair Removal Wax Market- Industry Trends & Forecast Report 2027
The global Hair removal wax market was worth USD 7.45 billion in 2020 and is further projected to reach USD 15.0 billion by 2027 at a CAGR of 10.8% during the forecast period (2021-2027). The rising importance of beauty, fashion trends, along with personal hygiene are the major factors driving the growth of the global hair removal wax market. Additionally, growing innovation in hair-removing products, such as pre-prepared strips, has also accelerated the market growth. Moreover, the global adoption of beauty products like hair removal wax has risen in tandem with the increase in disposable income. Other factors that are expected to drive the growth of the hair removal wax market include a shift in lifestyle and improved living standards.
Global Hair Removal Wax Market Overview:
Hair Removal wax is a specialized wax that is used to remove unwanted body and facial hair. It also helps to smooth out the skin and remove dead skin cells. Because of the changing perceptions of beauty over the last few decades, the global population has vigorously embraced hair removal wax. The product has grown in popularity over the years, especially among women, as a result of the promotion of flawless skin by social media, celebrities, and various fashion magazines. Also, with the innovation of at-home depilating products like wax stripes, the market is estimated to undergo growth in the coming years.
Source: Blueweave consulting
Global Hair Removal Wax Market Trend
Growth drivers
The rise in the standard of living and per capita disposable income
The purchasing power of the consumers, especially women, has increased significantly in recent years, enabling them to indulge in certain luxuries such as spending money in the salon for wax hair removal, which in turn increases the sales of wax in salons. These commercial salons, spas, and parlors catering to the needs of the millennial population buy a large portion of the hair removal wax sold in the industry. Furthermore, the increase in the number of working-class women has also aided market growth. Lifestyle changes, combined with millennials' desire to look beautiful, and adhere to modern beauty standards drive the growth of the hair removal wax industry, along with a rise in awareness for personal hygiene.
Launch of new innovative products
The major industry players are focusing their efforts on creating new products with unique fragrances and colors. Thus, continuous development of the product acts as a major growth driver of the global hair removal wax market. Soft wax strips, which can be used at home, have witnessed immense popularity due to their ease of use and suitability for customers who have a busy schedule and cannot afford salon visits.
Moreover, due to the growing demand for natural products among wellness-conscious consumers, manufacturers are now investing in R&D to develop new products such as organic hair removal wax with natural ingredients. At-home beauty kits, which include other grooming items in addition to hair removal wax, have also contributed to the market's substantial growth.
Restraints
The rise in the number of substitute depilating methods.
Waxing is the method of removing hair from the root. The procedure is no doubt, incredibly painful. As a result, less painful solutions, such as chemical hair removal creams and razors, are gaining popularity. These methods are often less time-consuming and easier to use, and therefore, ideal for people who cannot spare enough time for self-maintenance. Also, methods like sugaring are gaining popularity worldwide due to customer preference for natural ingredients. Furthermore, the rising popularity of permanent hair removal by laser hair removal treatments poses a challenge to this industry.
Impact of COVID-19
COVID-19 has impacted almost industry, including beauty and hygiene. The implementation of lockdown has resulted in the closing of the spas and salons all over the globe. Since salons and spas were among the most frequent users of hair removal wax, their closure has resulted in a drop in the price of commercially purchased wax. Moreover, as a result of the lockdown, the wax supply chain has been disrupted, resulting in product shortages throughout the economy. However, ready-to-use waxing strips for home use have grown in popularity as a result of the pandemic as customers now choose to groom themselves in the comfort of their homes.
Global Hair Removal Wax Market by Product Type
This segment is divided into soft wax and hard wax. The soft wax segment can be further categorized into heated, cold, and pre-made. The hard wax segment is the largest owing to its commercial application in salons and spas. The majority of salons hard wax beads because they are available in bulk and are easier to store. A wax melting machine has to be purchased alongside these hard wax beads to melt them and use them appropriately.
The soft wax type, on the other hand, is the fastest-growing category, owing to the development of pre-made wax strips, which have become common among the working class of people who do not have enough time to visit a parlor. These strips are more convenient to use and come in a handy package. Over the pandemic, the demand for pre-made wax strips has risen dramatically.
Global Hair Removal Wax Market by Distribution Channel
Based on distribution channels, the global hair removal wax market can be divided into offline and online. Between these two, the offline segment holds the largest share due to the extremely effective distribution methods by the manufacturers. This effective distribution has led to the prompt availability of such waxes in beauty stores, supermarkets, and convenience stores. However, with the onset of the pandemic, the online segment has been growing at a rapid rate as customers are now relying on online buying platforms for the majority of their needs.
Global Hair Removal Wax Market by Application
Based on applications, the market can be grouped into two segments—individual and commercial. The commercial segment can further be divided into salons and spas. Owing to the massive increase in the number of salons and spas worldwide, the commercial segment holds the largest share. Because of the rise in the standard of living and the need for self-care, the number of such salons has increased, making the commercial segment the largest.
However, the fastest-growing segment is the individual segment due to the availability of innovative home waxing kits and pre-made wax strips which are perfect for those who do not have time for salon visits.
Global Hair Removal Wax Market by Region
Based on region, the global hair removal wax market is segmented into North America, Europe, Asia-Pacific, Latin America, and The Middle East. Due to increasing advancements in hair removal methods, North America is projected to retain the largest share of the market. Also, the rising disposable income of the population is a major driver of market growth. Moreover, North America is also home to Hollywood—the world's entertainment capital, which is a major market for such products. Hollywood not only acts as a consumer but also as an important promoting agent for beauty standards not only domestically but globally.
Nevertheless, the fastest-growing market is The Asia-Pacific, owing to its large population in countries like India and China. Hair removal waxes are becoming increasingly popular in countries such as Japan, South Korea, and Australia as people are becoming more conscious about their personal appearance and maintenance.
Competitive Landscape
The hair removal wax market is very lucrative and attract s a lot of competitors. The major players in the global hair removal wax market are Church & Dwight Co., Inc., Coloris Cosmetics, FILO BIANCO S.r.l., GiGi, Harley Wax, Jax Wax Australia, Karaver, Kera-Ban Wax Products, Lee-Chem Laboratories, Marzena BodyCare, Inc., Parissa Laboratories Inc., PerronRigot, Reckitt Benckiser, Sally Hansen, Starpil Wax Co., Sue Ismiel and Daughters, The Darent Wax Company Ltd., Veet, Xanitalia, and other prominent players.
Recent Developments
- In March 2021, American International Industries announced plans to launch its new innovative product “Italwax Solo Glowax Kit” for facial hair removal, which is suitable for both home and professional use.
- In November 2019, Reckitt Benckiser (RB) has launched a hair removal cream for men under its brand Veet in India.
Scope of report
| Attribute | Details |
| Years Considered | Historical Data – 2017-2020 |
| Base Year- 2020 | |
| Forecast 2021-2027 | |
| Facts Covered | Revenue in USD Billion |
| Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Mexico, Brazil, Japan, South Korea, China, India, Australia. UAE, South Africa, Saudi Arabia |
| Product/Service Segmentation | By Product Type, By Distribution Channel, By Application, By Region |
| Key Players | Church & Dwight Co., Inc., Coloris Cosmetics, FILO BIANCO S.r.l., GiGi, Harley Wax, Jax Wax Australia, Karaver, Kera-Ban Wax Products, Lee-Chem Laboratories, MarzenaBodyCare, Inc., Parissa Laboratories Inc., PerronRigot, Reckitt Benckiser, Sally Hansen, Starpil Wax Co., Sue Ismiel and sssDaughters, The Darent Wax Company Ltd., Veet, Xanitalia., and other prominent players. |
1. By Product Type
- Soft Wax
- Heated
- Cold
- Pre-made strips
- Hot Wax
2. By Distribution Channel
- Offline
- Online
3. By Application
- Commercial
- Salon
- Spa
- Individual
4. By Region
North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Latin-America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- U.A.E
- South Africa
- Rest of MEA
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Hair Removal Wax Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Recent Development/Technological Advancements
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Application of Suppliers
4.4.2. Bargaining Application of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Intensity of Rivalry
5. Global Hair Removal Wax Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.1.1. Soft Wax
5.2.1.1.1 Heated
5.2.1.1.2 Cold
5.2.1.1.3 Pre-made
5.2.1.2. Hard Wax
5.2.2. By Distribution Channel
5.2.2.1. Offline
5.2.2.2. Online
5.2.3. By Application
5.2.3.1. Commercial
5.2.3.2. Individual
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. the Asia-Pacific
5.2.4.4. Latin America
5.2.4.5. the Middle East and Africa
6. North America Hair Removal Wax Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Distribution Channel
6.2.3. By Application
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe Hair Removal Wax Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Distribution Channel
7.2.3. By Application
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. United Kingdom
7.2.4.3. Italy
7.2.4.4. France
7.2.4.5. Spain
7.2.4.6. Rest of Europe
8. the Asia-Pacific Hair Removal Wax Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Distribution Channel
8.2.3. By Application
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Singapore
8.2.4.5. South Korea
8.2.4.6. Rest of Asia Pacific
9. Latin America Hair Removal Wax Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Distribution Channel
9.2.3. By Application
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Columbia
9.2.4.4. Mexico
9.2.4.5. Rest of Latin America
10. the Middle East & Africa Hair Removal Wax Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Distribution Channel
10.2.3. By Application
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. Iran
10.2.4.3. UAE
10.2.4.4. Turkey
10.2.4.5. South Africa
10.2.4.6. Rest of The Middle East & Africa
11.Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2020
11.3. Competitive Benchmarking, By Operating Parameters
12.Impact of Covid-19 on Global Hair Removal Wax Industry
13.Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, SWOT Analysis, Contact Address, and Strategic Outlook)**
13.1 Church & Dwight Co., Inc. (Nair),
13.2 Coloris Cosmetics,
13.3 FILO BIANCO S.r.l.,
13.4 GiGi, Harley Wax,
13.5 Jax Wax Australia,
13.6 Karaver,
13.7 Kera-Ban Wax Products,
13.8 Lee-Chem Laboratories (Mandy’s),
13.9 MarzenaBodyCare, Inc.,
13.10 Parissa Laboratories Inc.,
13.11 PerronRigot,
13.12 Reckitt Benckiser (Veet),
13.13 Sally Hansen,
13.14 Starpil Wax Co.,
13.15 Sue Ismiel and Daughters (Nad's),
13.16 The Darent Wax Company Ltd.
14.Key Strategic Recommendations
*Financial details of unlisted companies will be available as per data availability in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Fig: Global Hair Removal Wax Segmentation
Fig: Global Hair Removal Wax Market Value Chain Analysis
Fig: Company Market Share Analysis, 2020
Fig: Global Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: Global Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: Global Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: Global Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: Global Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
Fig: North America Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: North America Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: North America Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: North America Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: North America Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: Europe Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: Europe Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: Europe Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: Europe Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
Fig: the Asia-Pacific Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: the Asia-Pacific Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: the Asia-Pacific Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: the Asia-Pacific Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: the Asia-Pacific Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: Latin America Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: Latin America Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: Latin America Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: Latin America Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
Fig: the Middle East & Africa Hair Removal Wax Market Size, By Value (USD Billion), 2017-2027
Fig: the Middle East & Africa Hair Removal Wax Market Share (%), By Product Type, By Value, 2017-2027
Fig: the Middle East & Africa Hair Removal Wax Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig: the Middle East & Africa Hair Removal Wax Market Share (%), By Application, By Value, 2017-2027
Fig: the Middle East & Africa Hair Removal Wax Market Share (%), By Country, By Value, 2017-2027
List of tables
Table: North America Hair Removal Wax Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table: North America Hair Removal Wax Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table: North America Hair Removal Wax Market Size, By Application, By Value (USD Billion), 2017-2027
Table: Europe Hair Removal Wax Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table: Europe Hair Removal Wax Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table: Europe Hair Removal Wax Market Size, By Application, By Value (USD Billion), 2017-2027
Table: the Asia-Pacific Hair Removal Wax Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table: the Asia-Pacific Hair Removal Wax Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table: the Asia-Pacific Hair Removal Wax Market Size, By Application, By Value (USD Billion), 2017-2027
Table: Latin America Hair Removal Wax Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table: Latin America Hair Removal Wax Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table: Latin America Hair Removal Wax Market Size, By Application, By Value (USD Billion), 2017-2027
Table: the Middle-East & Africa Hair Removal Wax Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table: the Middle-East & Africa Hair Removal Wax Market Size,By Distribution Channel ,By Value (USD Billion), 2017-2027
Table: the Middle-East & Africa Hair Removal Wax Market Size,By Application ,By Value (USD Billion), 2017-2027
Table: Church & Dwight Co., Inc. Financial Analysis
Table: Church & Dwight Co., Inc. Business Overview
Table: Coloris Cosmetics Financial Analysis
Table: Coloris Cosmetics Business Overview
Table: FILO BIANCO S.r.l. Financial Analysis
Table: FILO BIANCO S.r.l. Business Overview
Table: GiGi, Harley Wax Financial Analysis
Table: GiGi, Harley Wax Business Overview
Table: Jax Wax Australia Financial Analysis
Table: Jax Wax Australia Business Overview
Table: Karaver Financial Analysis
Table: Karaver Business Overview
Table: Kera-Ban Wax Products Financial Analysis
Table: Kera-Ban Wax Products Business Overview
Table: Lee-Chem Laboratories Financial Analysis
Table: Lee-Chem Laboratories Business Overview
Table: Marzena BodyCare, Inc. Financial Analysis
Table: Marzena BodyCare, Inc. Business Overview
Table: Parissa Laboratories Inc. Financial Analysis
Table: Parissa Laboratories Inc. Business Overview
Table: PerronRigot Financial Analysis
Table: PerronRigot Business Overview
Table: Reckitt Benckiser Financial Analysis
Table: Reckitt Benckiser Business Overview
Table: Sally Hansen Financial Analysis
Table: Sally Hansen Business Overview
Table: Starpil Wax Co. Financial Analysis
Table: Starpil Wax Co. Business Overview
Table: Sue Ismiel and Daughters Financial Analysis
Table: Sue Ismiel and Daughters Business Overview
Table: The Darent Wax Company Ltd. Financial Analysis
Table: The Darent Wax Company Ltd. Business Overview
Table: Xanitalia. Financial Analysis
Table: Xanitalia. Business Overview
Market Segmentation
By Product Type
- Soft Wax
- Heated
- Cold
- Pre-made strips
- Hot Wax
By Distribution Channel
-
-
-
- Offline
- Online
-
-
By Application
-
-
-
- Commercial
- Salon
- spa
- Individual
-
-
By Region
-
-
-
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin-America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E
- South Africa
- North America
-
-
-
-
-
-
- Rest of MEA
-
-
-
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.