Market Forecast by Countries (United States, Canada), By Types (Hair Care, Shaving, Oral Care, Personal Cleanliness, Skin Care, Others), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC059250 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Men Personal Care Market |
Forecast Period | 2024-2030 |
Market Size | USD 17.5 billion by 2030 |
CAGR | 6.8% |
Growing Sector | Skin Care |
North America Men Personal Care Market report thoroughly covers the market by distribution channel, by types, by countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Men Personal Care Market is projected to witness steady growth between 2024 and 2030, driven by increasing awareness about grooming and wellness, as well as a growing preference for premium and natural products. The market size is expected to grow from approximately USD 11.5 billion in 2024 to USD 17.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.8%. This expansion is fueled by the increasing awareness of men grooming, changing attitudes towards self-care, and the rising adoption of skincare and haircare products in the United States and Canada.
North America Men Personal Care Market is experiencing significant growth, driven by shifting consumer attitudes toward grooming and personal well-being. The increasing acceptance of self-care among men, driven by changing societal norms and media influences, is playing a major role in market expansion. Rising disposable incomes in the region, along with a growing middle class, are contributing to the increased uptake of high-quality and natural personal care products. Online retail, influencer endorsements, and e-commerce platforms are further accelerating the growth of the market.
According to 6Wresearch, the North America Men Personal Care Market is anticipated to grow at a CAGR of 6.8% during the forecast period 2024-2030. As men increasingly recognize the importance of grooming and personal care, this market is expected to witness significant growth, driven by factors such as changing perceptions of masculinity, rising disposable income, and a growing emphasis on self-care and wellbeing. This presents a promising opportunity for businesses operating in the men personal care industry to tap into the evolving needs and preferences of the male consumer demographic.
However, the North America Men Personal Care industry faces several significant challenges that must be addressed to fully capitalize on the market growth potential. One of the primary obstacles is the traditional mindset surrounding men grooming, which often associates extensive personal care routines with femininity. Overcoming this stigma and redefining societal norms around men self-care will be crucial for encouraging wider acceptance and adoption of men personal care products.
Moreover, the industry needs to focus on catering to diverse consumer needs and preferences, ensuring product availability, affordability, and efficacy. By addressing these challenges head-on, businesses can position themselves to seize the immense opportunities presented by the growing demand for men personal care products in North America.
North America Men Personal Care Industry is witnessing notable trends that are shaping the industry's landscape. Firstly, there is a growing emphasis on natural and organic ingredients, as consumers prioritize products that are sustainable, eco-friendly, and free from harmful chemicals. Secondly, the rise of e-commerce and digital platforms has facilitated easier access to a wide range of personal care products, enabling consumers to explore and make informed choices.
Lastly, personalized and targeted marketing campaigns tailored to the specific needs and preferences of male consumers have gained momentum, as brands recognize the importance of connecting with their target audience on a deeper level. These trends are driving innovation and fueling the growth of the North America Men Personal Care market, opening up opportunities for both established brands and new players in the industry.
The North America men personal care market presents a wealth of investment opportunities for companies aiming to tap into this growing industry. As societal norms shift and men increasingly prioritize self-care and grooming, the demand for high-quality personal care products tailored specifically to men is on the rise. Investing in this market can offer significant potential for growth and profitability. Here are a few key areas to consider:
Investing in research and development to create innovative and effective personal care products specifically designed for men can set companies apart in this competitive market. Opportunities lie in formulating products that cater to diverse needs, such as skincare, haircare, and grooming.
With the increasing popularity of e-commerce and online shopping, investing in expanding digital presence and online distribution channels can help reach a broader customer base. Additionally, exploring partnerships with brick-and-mortar retailers and exploring new markets can enhance market penetration.
Investing in sustainable and environmentally-friendly practices can be a differentiating factor in the men personal care market. Consumers are increasingly conscious of the environmental impact of their purchases, making investments in eco-friendly packaging, responsible sourcing of ingredients, and promoting sustainability a strategic move.
Investing in effective digital marketing strategies and building a strong brand presence can drive awareness and capture the attention of the target audience. Leveraging social media, influencer collaborations, and engaging content can help establish a loyal customer base.
The North America men personal care market share is dominated by several major players. Leading brands like Procter & Gamble, Unilever, Colgate-Palmolive, and Estée Lauder have a strong presence in the region, leveraging their extensive product portfolios to meet the increasing demand for men grooming products. Local and regional players such as Harry’s, Bevel, and Bulldog Skincare have also gained market traction, offering specialized products tailored to male consumers. These companies continue to invest in research and development to innovate and meet the diverse needs of male consumers in North America, from skincare and haircare to shaving and grooming tools.
Government regulations play a crucial role in shaping the landscape of the North America men personal care market. These regulations aim to ensure consumer safety, product efficacy, and fair practices within the industry. Here are some examples of government regulations that impact the North America Men Personal Care Market Growth:
The U.S. Food and Drug Administration (FDA) regulates personal care products, including those targeted towards men. They enforce labeling requirements to ensure accurate and clear information for consumers about product ingredients, usage instructions, and potential risks.
FDA regulations also monitor the safety of ingredients used in personal care products, restricting or banning certain substances that are deemed harmful or unsafe for consumer use.
Government agencies set product safety standards to protect consumers from potential harm. These standards may include regulations on the use of certain chemicals, limits on potentially hazardous ingredients, and guidelines for product testing and quality control.
Government regulations also address environmental concerns in the personal care industry. These regulations may focus on reducing the use of non-biodegradable ingredients, promoting sustainable packaging practices, and encouraging eco-friendly manufacturing processes.
Government bodies often have guidelines in place to regulate advertising and marketing practices within the personal care industry. These regulations aim to ensure that companies do not make false or misleading claims about their products, protecting consumers from deceptive marketing tactics.
The North America men personal care market is poised for significant growth in the coming years, driven by shifting consumer preferences and a growing awareness of the importance of personal grooming and self-care among men. As societal norms continue to evolve, the stigma surrounding men's personal care products is diminishing, leading to increased acceptance and adoption of these products. This trend is expected to shape the future landscape of the market, with several key insights and opportunities on the horizon:
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, Online retail is expected to dominate the market in North America, with a steady rise in e-commerce platforms providing greater convenience, competitive pricing, and a wide range of products.
Skin care products are currently dominating the North America Men Personal Care Market Share, with more men focusing on anti-aging, moisturizing, and sun protection solutions. Men skincare routines are becoming an essential part of their grooming practices.
The United States remains the largest market, followed by Canada, where an increasing focus on wellness and self-care continues to shape grooming habits.
The report provides a detailed analysis of the following market segments: