NEW YORK, NY -- (MARKET WIRE) -- 10/14/09 --
Men's grooming is one of the few product
markets equipped to maintain positive growth during the recession,
according to leading market research publisher Packaged Facts in its latest
study, "Men's Grooming Products: A Global Analysis."
The report identifies four factors driving the market: the ongoing rise of
middle-class sectors in fast growing nations such as Brazil, Russia, India,
and China; the Internet and similar technology providing enhanced access to
new consumer bases outside wealthy industrialized regions; marketers'
increasingly sophisticated appeals to men, including creating or
repositioning brands that flatter the male sense of national and/or ethnic
identity; and the universal appeal of naturally or organically formulated
toiletries that satisfy growing consumer consciousness regarding
environmentalism and potential health problems originating from
chemical-laden products.
By the close of 2009, Packaged Facts projects that the global retail value
of all grooming products used by men -- including bath products, deodorant,
haircare, shaving products, and skincare products -- will exceed $61
billion, with grooming products positioned specifically to men accounting
for a third of the total. Within five years, the global market for all
male-consumed grooming products is forecast to mushroom to $85 billion,
compared to $28 billion for male-specific products.
"It has only been in the 2000s that the men's grooming market has become a
steadily strong performer, in large part because marketers have finally
assembled the essential keys to marketing to men, typically through
humorous advertising that emphasizes the multifunctionality of products
that work fast and efficiently," says Don Montuori, publisher of Packaged
Facts. "But men are becoming more adventurous in their personal care
regimens. Not only are many of the world's men trying premium male-specific
hair gels or skin creams for the fist time, but some are also trying a
greater range of grooming products, including unisex items."
"Men's Grooming Products: A Global Analysis" investigates the world
consumer marketplace for personal care products used by men in their daily
grooming routines. The world market is discussed as a whole; according to
country and region; according to five product categories -- bath products,
deodorant, haircare, shaving products, and skincare; according to rival
marketers' competitive strategies; and according to retail sell-through
contexts. In addition, the report provides valuable demographic
information on men's grooming consumer bases in the United States and
selected other markets. For further information, please visit:
http://www.packagedfacts.com/redirect.asp?progid=761790&productid=2293646
About Packaged Facts - Packaged Facts, a division of MarketResearch.com,
publishes market intelligence on a wide range of consumer market topics,
including consumer goods and retailing, foods and beverages, demographics,
pet products and services, and financial products. Packaged Facts also
offers a full range of custom research services. To learn more, visit:
www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.
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Contact:
Jenn Tekin
Packagedfacts.com
(240) 747-3015
jtekin@packagedfacts.com
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