Market Size of Household Beauty Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Household Beauty Appliances Market Analysis
Evolving fashion trends and growing fashion consciousness among consumer are influencing the market’s growth. The introduction of smart household beauty appliances is also a trend affecting the market.
- Millennials are the prime focus consumers of household beauty appliances. Some of the household beauty appliances manufacturers have introduced smart household appliances due to their user-friendly interface, advanced features, and aesthetic designs.
- The growing penetration of home-use grooming devices for men is one of the key trends observed in the market. In recent years, the home-use beauty devices industry has witnessed introduction of men’s grooming devices by key players.
- Increasing interest of consumers towards easy-to-use home-use beauty devices, rising prevalence of skin diseases, and surge in disposable income are the factors driving the growth of the market.
- Increasing demand of multi-functional devices is a growth opportunity for the players in the market.
- Constantly changing fashion trends, including hairstyles is driving the demand for personal care products and personal care appliances globally.
- Technological advances in household beauty appliances have raised the expectation of individuals who are demanding for better quality beauty appliances. Along with developing markets, emerging economies also have reflected higher adoption of beauty appliances.