NEW YORK, April 6, 2023 /PRNewswire/ -- The global hair removal wax market size is estimated to increase by USD 321.22 million from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 8.31% during the forecast period. The growth of the market is driven by the benefits of hair removal wax. Hair waxing removes hair from the root, which leaves a smooth finish. As the hair is removed from the follicle, it promotes the healthy regeneration of hair. It also cleans up grime and dead skin cells that can cause skin rashes, blemishes, and dryness. Thus, waxing results in smooth, radiant, clean, and fresh skin. Many such benefits are increasing the use of hair removal wax among consumers, which is driving the market growth. Discover some insights on market size before buying the full report - Request a sample report

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Global Hair Removal Wax Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on product type (hard wax, pre made wax strip, and soft wax) and geography (North America, Europe, APAC, Middle East and Africa, and South America).

• The market growth in the hard wax segment will be significant during the forecast period. The use of hard wax is much less painful than soft wax for all parts of the body. It can be easily removed without the need for waxing strips. Hard wax can be used for sensitive spots, as it adheres to the hair rather than the skin, giving it an advantage in the hair removal process. Such benefits are driving the growth of the segment.

Geography Overview

The report provides actionable insights and estimates the contribution of all regions to the growth of the global hair removal wax market.

• North America will account for 31% of the market growth during the forecast period. The increasing number of salons will be the prime factor driving the growth of the hair removal wax market in North America. Also, factors such as rising disposable income, improved standard of living, and rising number of working women are fueling the growth of the regional market.

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Global Hair Removal Wax Market – Vendor Analysis

The global hair removal wax market is fragmented due to the presence of leading global, regional, and local/domestic vendors. Vendors focus on major factors, such as brand, labor, quality, and innovation, to compete in the market. In addition, they emphasize innovating new products to sustain themselves in the competitive market. Vendors also focus on building brands and brand equity to differentiate themselves from other competing brands. Some of the key vendors covered in the report include:

• Church and Dwight Co. Inc. - The company offers hair removal wax that is blade free and easy to use under the brand name Nair.

• Coty Inc. - The company offers hair removal wax as strips, sprays, and creams for the face and body under the brand name Sally Hansen.

• Parissa Laboratories Inc. - The company offers hair removal wax in various categories, from hard wax and soft wax to roll-on, pre, and post, for professional salons.

• PERRON RIGOT - The company offers hair removal wax such as hot wax, sugar wax, warm wax, and wax strips.

• American International Inc.

• Edgewell Personal Care Co.

• Fidelgrow Hellas IKE

• FILO BIANCO S.r.l.

• Harley Waxing

• Jax Wax Australia Pty Ltd.

• Jolen Inc.

• Marketing Brokers Australia Pty Ltd.

• Reckitt Benckiser Group PLC

• Rica spa

• SI and D Aust Pty. Ltd.

• The Darent Wax Company Ltd.

• Xanitalia srl

• Maystar SL

Global Hair Removal Wax Market – Market Dynamics

Key Trends – 

Increasing demand for pre-made waxing strips is identified as the key trend in the market. The demand for ready-to-use waxing strips is increasing among end-users. It is a hair removal technique with wax pre-pasted on strips. The technique avoids the hassle of heating and applying wax while removing hair. These waxing strips are more efficient in the long run, easy to carry while traveling, and easy to use at home. They come in various shapes and sizes to suit end-user requirements. This trend will positively influence the growth of the market.

Major challenges – 

The presence of substitutes such as razors, hair removal creams, shaving, and laser-based hair removal procedure will challenge the growth of the market. Hair removal devices and treatments such as non-surgical and non-invasive procedures are gaining popularity among consumers. These substitute options require a one-time investment, which reduces the need for repetitive treatment after the procedure. Also, these options are more convenient, less expensive, and easy to use. Such factors will hinder the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this hair removal wax market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the hair removal wax market between 2022 and 2026

• Precise estimation of the size of the hair removal wax market size and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the hair removal wax market across North America, Europe, APAC, Middle East and Africa, and South America

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of hair removal wax market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

• 4.1 Five forces summary

• 4.2 Bargaining power of buyers

• 4.3 Bargaining power of suppliers

• 4.4 Threat of new entrants

• 4.5 Threat of substitutes

• 4.6 Threat of rivalry

• 4.7 Market condition

5 Market Segmentation by Product Type

• 5.1 Market segments

• 5.2 Comparison by Product Type

• 5.3 Hard Wax - Market size and forecast 2021-2026

• 5.4 Pre Made Wax strip - Market size and forecast 2021-2026

• 5.5 Soft Wax - Market size and forecast 2021-2026

• 5.6 Market opportunity by Product Type

6 Customer Landscape

• 6.1 Customer landscape overview

7 Geographic Landscape

• 7.1 Geographic segmentation

• 7.2 Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026

• 7.4 Europe - Market size and forecast 2021-2026

• 7.5 APAC - Market size and forecast 2021-2026

• 7.6 Middle East and Africa - Market size and forecast 2021-2026

• 7.7 South America - Market size and forecast 2021-2026

• 7.8 US - Market size and forecast 2021-2026

• 7.9 UK - Market size and forecast 2021-2026

• 7.10 China - Market size and forecast 2021-2026

• 7.11 Japan - Market size and forecast 2021-2026

• 7.12 France - Market size and forecast 2021-2026

• 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• 9.3 Landscape disruption

• 9.4 Industry risks

10 Vendor Analysis

• 10.1 Vendors covered

• 10.2 Market positioning of vendors

• 10.3 American International Inc.

• 10.4 Church and Dwight Co. Inc.

• 10.5 Coty Inc.

• 10.6 FILO BIANCO S.r.l.

• 10.7 Maystar SL

• 10.8 Parissa Laboratories Inc.

• 10.9 PERRON RIGOT

• 10.10 Rica spa

• 10.11 SI and D Aust Pty. Ltd.

• 10.12 The Darent Wax Company Ltd.

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist

• 11.3 Currency conversion rates for US$

• 11.4 Research methodology

• 11.5 List of abbreviations

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