Shaving Cream comes under the category of personal care products and is used for shaving of hair. This cream provides lubrication as the main purpose of the shaving cream is to soften the hair for easy shave. Shaving creams are generally available in tubes and are applied on the skin with the help of shaving brush. It has gained lot popularity worldwide as it is very important product for men’s grooming.
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COVID-19 Scenario Analysis:
- The closure of factories due to COVID-19 led to decline in the production of the shaving cream in the industries. This not only affected the scale of production but also the growth of these industries.
- The online platforms, shops, and retail stores were shut due to lockdown observed worldwide. This affected the trade of these products which in turn hampered the sales of shaving creams in various countries around the world.
- Shaving cream is a necessity in every household, therefore, the growth of the market is expected to increase post COVID-19
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Surge in demand from teenagers and adult men for personal hygiene and proper grooming, introduction of new technology to drive the market, and increase in consumer spending on personal care are some of the major factors that contribute toward the growth of the market.
Growth of the distribution channels and easy accessibility to e-commerce websites help products reach to wider population. Increase in number of salons is expected to boost to global shaving creams market.
However, introduction and increase in adoption of electric trimmers and shavers in the market hamper the growth of the market.
The global shaving cream trends are as follows:
Innovative Products
To gain the maximum consumer base, major players are continuously launching innovative products in the domain of shaving creams. Innovation in terms of ingredients used in the shaving cream like cocoa and black carbon is expected to boost the market growth in the coming years.
Regional insights:-
The key markets for shaving cream are Europe, Asia Pacific, Middle East & Asia, Latin America and North America. The growth of the market in these regions is due to huge and growing population coupled with their increase in purchasing power of cosmetics and personal care goods.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global shaving cream industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global shaving cream market share.
- The current market is quantitatively analyzed to highlight the global shaving cream market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global shaving cream market analysis based on competitive intensity and how the competition will take shape in the coming years.
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