The global men’s personal care market is expected to garner US$166 billion by 2022, growing at a CAGR of 5.4% from 2016 to 2022. (Figure 10)
Global Men’s Personal Care Market to Reach US$166 Billion by 2022
Remarkable Market Growth by Launch of Natural Herbal Product
Skin Care Leads the Market
launch of herbal products with low chemical content has witnessed remarkable growth in the men personal care market.
The men’s skin care segment accounted for the maximum market share in 2015, due to wide-spread popularity of face creams and moisturizers among the consumers.
The segment is anticipated to lead the market throughout the analysis period,
with a CAGR of 4.5% from 2016 – 2022
North America is presently the largest market of men personal care products, with a revenue of US$36 billion in 2015.
In parallel, Asia-Pacific accounts for the highest growth rate in the overall market throughout the forecast period, owing to the upsurge in demand from countries such as China and India.