Global Hair Removal Cream Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Creams, Ready To Use Wax Strips, Electronic Devices, and Razors.

By Distribution Channel;

Supermarkets & Hypermarkets, Online Stores, Department Stores, and Drug Stores.

By Formulation;

Sensitive Skin Formulations, Regular Formulations, and Natural/Organic Formulations.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn248068845 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hair Removal Cream Market (USD Million), 2021 - 2031

In the year 2024, the Global Hair Removal Cream Market was valued at USD 1,372.73 million. The size of this market is expected to increase to USD 2,036.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The market for hair removal creams is driven by factors such as changing beauty standards, increasing grooming habits, and advancements in product formulations.One of the key drivers of the global hair removal cream market is the evolving beauty standards and grooming preferences of consumers worldwide. With the rise of social media and the influence of celebrities and influencers, there is heightened pressure to maintain smooth and hair-free skin. As a result, consumers are seeking convenient and pain-free solutions for hair removal that can be easily incorporated into their daily grooming routines. Hair removal creams offer a quick and hassle-free way to achieve smooth skin without the risk of nicks, cuts, or ingrown hairs commonly associated with shaving.

Advancements in hair removal cream formulations have contributed to the market's growth by addressing consumer concerns such as skin sensitivity, odor, and efficacy. Manufacturers are continuously innovating to develop products that offer gentler formulations, pleasant fragrances, and longer-lasting results. This includes the introduction of hypoallergenic and dermatologist-tested formulas suitable for sensitive skin, as well as scented options that mask the unpleasant odor often associated with depilatory creams. By improving product efficacy and enhancing the overall user experience, manufacturers are attracting new consumers and driving market expansion.

The global hair removal cream market is also influenced by factors such as changing lifestyles, urbanization, and increasing disposable incomes. As more people lead busy and hectic lifestyles, they seek convenient solutions that save time and effort. Hair removal creams offer a quick and efficient way to achieve smooth skin without the need for professional treatments or salon visits. Moreover, as disposable incomes rise, consumers are more willing to spend on personal care products that offer convenience and efficacy. This growing consumer affluence, coupled with the availability of a wide range of hair removal cream options across various price points, is fueling market growth globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Formulation
    4. Market Snapshot, By Region
  4. Global Hair Removal Cream Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Evolving Beauty Standards
        2. Increasing Grooming Habits
        3. Advancements in Product Formulations
        4. Changing Lifestyles
        5. Urbanization
      2. Restraints
        1. Skin Sensitivity
        2. Unpleasant Odor
        3. Product Concerns
        4. Competition from Alternative Hair Removal Methods
        5. Potential Skin Irritation
      3. Opportunities
        1. Growing Demand for Hypoallergenic Formulations
        2. Development of Dermatologist-Tested Products
        3. Expansion into Emerging Markets
        4. Innovation in Product Fragrances
        5. Targeting Specific Consumer Segments
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hair Removal Cream Market, By Type, 2021 - 2031 (USD Million)
      1. Creams
      2. Ready To Use Wax Strips
      3. Electronic Devices
      4. Razors
    2. Global Hair Removal Cream Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets & Hypermarkets
      2. Online Stores
      3. Department Stores
      4. Drug Stores
    3. Global Hair Removal Cream Market, By Formulation, 2021 - 2031 (USD Million)
      1. Sensitive Skin Formulations
      2. Regular Formulations
      3. Natural/Organic Formulations
    4. Global Hair Removal Cream Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Reckitt Benckiser
      2. Vi-John Group
      3. Procter & Gamble
      4. Nads
      5. Revitol
      6. Sally Hansen
      7. Church & Dwight
      8. Skin Doctors Cosmeceuticals
      9. Jolen
  7. Analyst Views
  8. Future Outlook of the Market