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Razor Market Size, Growth Trends, Top Players and Potential Forecast Research Report

Razor Market Report 2021 Outlook

The growing preference for personal grooming and rising disposable income are driving people around the world to purchase razors. Resulting, from $18.0 billion in 2019, the razor market is expected to experience a 2.1% CAGR during 2020–2030 (forecast period), to reach $22.5 billion by 2030. Such instruments comprise a blade, an apparatus that holds the blade, and a handle. These have been some of the oldest tools used by people, starting from when early humans used sharpened stones to groom themselves.

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Presently, APAC is the largest razor market, and it would also experience the fastest growth during the forecast period. It is home to the most people on earth, which is why the demand for personal care and grooming products has always been high here. Additionally, the rapid urbanization is leading to economic prosperity, which is, in turn, allowing more people to spend more than before on grooming and personal care products.

Therefore, with the growing Westernization, the demand for grooming products, including razors, will continue to increase.

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Market Segmentation by Geography

  • Asia-Pacific (APAC) razor market
    • By type
    • By segment
    • By distribution channel
    • By razor blade type
    • By consumer
    • By country – China, India, Japan, South Korea, Australia, and Rest of APAC
  • Europe razor market
    • By type
    • By segment
    • By distribution channel
    • By razor blade type
    • By consumer
    • By country – Germany, U.K., France, Italy, Spain and Rest of Europe
  •  North America razor market
    • By type
    • By segment
    • By distribution channel
    • By razor blade type
    • By consumer
    • By country – U.S., and Canada
  • Latin America (LATAM) razor market
    • By type
    • By segment
    • By distribution channel
    • By razor blade type
    • By consumer
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa (MEA) razor market
    • By type
    • By segment
    • By distribution channel
    • By razor blade type
    • By consumer
    • By country- Turkey, Saudi Arabia, U.A.E., and Rest of MEA
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