The depilatory products market may swing high on growth across the forecast period of 2019-2029 owing to the growing demand for depilatory products across the general populace. The use of beauty and grooming products for self-care is on a rise. The influence of organic depilatory products may also have a positive impact on the growth of the depilatory products market. Sensitive skin is one of the prominent factors for the escalated demand of organic depilatory products.
Depilatory products are available in the form of gels, aerosols, powders, waxes, lotions, wax strips, and others. The depilatory products market is also segmented on the basis of skin type such as normal, dry, sensitive, and others.
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Novel Coronavirus Pandemic to Bring Good Growth Prospects for Depilatory Products Market
The SARS-CoV-2 outbreak has led to the shutdown of various businesses across the globe including beauty parlors and salons. This aspect has led to a surge in the demand for depilatory products. Many people are incorporating self-grooming mechanisms due to the global shutdown of beauty parlors and salons. Even though, grooming stores are gradually reopening in some parts of the world, people are unlikely to schedule an appointment at a salon or beauty parlor due to the threat of COVID-19 transmission. Therefore, the depilatory products market may experience good growth across the forecast period.
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Depilatory products filled with chemicals to break down keratin proteins in the hairs to dissolve them are seeing a decline in sales due to disadvantages like skin inflammation. Hence, manufacturers are concentrating on producing depilatory products that have a gentle formulation and is less painful for the skin. Also, the foul smell emitting from the depilatory products is being looked upon. Manufacturers are trying to inculcate fragrance in depilatory products to attract a good consumer base. Therefore, the aforementioned factors can bring excellent growth opportunities for the depilatory products market