Beard Care Products Market - Growth, Statistics, COVID-19 Impact, and Forecasts (2021 - 2027)
Market Highlights
Men are becoming beauty and appearance conscious, so
the sales of the men’s grooming products are increasing at a rapid pace. Men’s
grooming products are popular personal care products in the North America and
Europe. However, it is gaining massive popularity in the Asia-Pacific
region. The sale of the beard care products is rising at a rapid pace
owing to the increasing consumer trends to keep beard. So, manufacturers come
up with various beard care products to enhance the revenues of the company.
The market of global beard care products
has been divided on the basis of category into conventional, and organic. Among
the category, conventional segment is expected to account for the maximum
market proportion in the global beard care products market and projected to
witness a moderate growth rate during the forecast period. The growth of the
conventional segment is attributed to various factors. Economical pricing of
conventional beard care products is considered to be one of the significant
factors for the maximum market share of conventional beard care products.
However, organic segment is projected to witness high growth rate as compared
with the conventional segment. Rising awareness among the consumers regarding
the adverse effects of chemical ingredients is the major factors for the rising
adoption of organic beard care products.
Based on the distribution channel, the global beard
care products market has been segmented into store-based, and non-store based.
Store-based distribution channel is estimated to hold significant market share
both in developed and developing economies. Store-based distribution channel is
further segmented into supermarkets & hypermarkets, convenience stores,
specialty retailers, and others. However, non-store based distribution channel
is projected to expand at a high pace in the near future. Companies are
launching new products, which cannot be made available to consumers across
different regions. Thus, there is more preference for e-commerce channels to
expedite the process. Also, this mode is easier for vendors to create brand
awareness.
Regional Analysis
The global beard care products market has been
segmented by North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to retain its dominance
throughout the forecast period in the global beard care products market. New
product launch is one of the major trends in the US. Manufacturers of beard
care products are highly emphasizing in the new product launches in order to
gain a competitive edge in the North America region. However, Asia Pacific
market is expected to grow at the fastest rate during the forecast period.
Ever-growing population and increasing disposable in the region are expected to
fuel the beard care products market in the region during the forecast period.
Other factors propelling the regional market growth include wide acceptance of
technological advancements and awareness about beauty products.
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Key Players
Some of the key players in the global beard care
products market are The Famous Beard Oil Company, LLC(US), The Man Company
(India), Beardbrand (US), The Bearded Bastard, LLC. (US), Texas Beard Company
(US), Liberty Premium Grooming Co. (US), Smoky Mountain Beard Co. (US), Murdock
London (UK), Badass Beard Care (US), Zeus Beard Products (US).
Segmentation
The global beard care products market has been
segmented based on product type, category, distribution channel, and region.
By product type, the global beard care products
market has been segregated into beard wash, beard oil, beard wax, and others.
The global beard care products market has been
classified on the basis of category into conventional, and organic.
The global beard care products market has been
classified on the basis of distribution channel into store based, and non-store
based. Store-based distribution channel has been further segmented into
supermarkets & hypermarkets, convenience stores, specialty retailers, and
others.
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Covid19 and its Impact on Various Industry Verticals and wherever required we
will be considering Covid19 Footprints for Better Analysis of Market and
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