Market Overview
The United Kingdom hair removal wax market size was valued at USD 630 million in 2021 and is projected to reach a value of USD 953 million by 2031, registering a CAGR of 4.0% during the forecast period (2022-2031).
Highlights
- Soft wax dominates the market by Type.
- By ingredient, the Organic segment dominates the market.
- Normal skin dominates the market by skin type.
- Body/arms/legs dominate the market by coverage.
- By price, medium price dominates the market.
- Hypermarkets and supermarkets dominate the market by distribution channel.
Waxing is a way to get rid of hair that uses wax strips to remove hair from the root. Wax is either a cream or a product, and it is used to wax. It is warmed slowly and put on the face in a thin layer. When a strip of cloth is put on and pushed down, the hair comes off with it. Also, the personal care and grooming business has grown steadily worldwide because more and more women are concerned with their looks. Many other things have led to the growth of the hair removal wax market, such as more women going to work, more people caring about staying beautiful longer, and lifestyle changes.
Market Dynamics
The U.K. Hair Removal Wax Market Drivers
Demand for Personal Grooming Products
Fashion trends and growing self-consciousness increase the market for personal grooming products. European youth are increasingly shaving. Euromonitor International showed that 72% of 18–24-year-old British women shave their underarms and 60% their legs.
The U.K grooming product demand hair removal waxes including Veet. It has many delicate skin and hair products. The Veet EasyWax Electrical Roll-On Kit lets consumers heat and apply wax at home quickly and easily.
The U.K. Hair Removal Wax Market Restraints
Availability of Alternatives
Shaving, depilatory creams, and laser hair removal are popular alternatives to hair removal wax that are widely accessible and utilized by customers in Europe. According to a Mintel poll, shaving was the most common hair removal method for men and women in the U.K. in 2019, with 80% of women and 57% of men using a razor. The second most popular method was depilatory creams, used by 37% of women and 16% of men.
The U.K. Hair Removal Wax Market Opportunities
Demand for Premade Waxing Strips
Premade waxing strips are popular among customers who prefer a hassle-free hair removal approach because they are practical and simple. Premade waxing strips from companies like Veet, Nair, and Sally Hansen are available in Europe. These products are simple to use and provide step-by-step instructions. For instance, Veet has various waxing strips already built for various body regions, including the legs, underarms, and bikini line. These waxing strips are made to last and are gentle enough for delicate skin.
Regional Analysis
The United Kingdom places a high value on sanitation and personal hygiene due to its high standard of living, which significantly aids market expansion. The rising employment rate of women is anticipated to significantly impact the expansion of the market due to women's increased demand for personal care products such as hair removal wax. Throughout the forecast period, rising health consciousness among the local populace will likely benefit the hair removal wax market in the United Kingdom. In addition, it is anticipated that the demand for hair removal products will increase due to government initiatives in developing nations that encourage businesses to create innovative and cutting-edge solutions. Improved wax products are readily available, which facilitates market growth. These factors will propel the U.K. hair removal wax market in the coming years. On the other hand, a substantial increase in disposable income and a higher standard of living are anticipated to stimulate market growth.
Segmental Analysis
The United Kingdom hair removal wax market is segmented based on Type, ingredient, skin type, coverage, price, distribution channel, and region.
The Type is further segmented into soft and hard wax.
Soft wax dominated the market and is expected to register a CAGR of 4.4% over the forecast period.
By ingredient, the market is further segmented into organic and synthetic.
The organic segment dominates the market and is expected to grow at a CAGR of 3.6% during the forecast period.
The skin type is further segmented into dry skin, oily skin, normal skin, sensitive skin, and others.
The normal skin type dominated the market and is expected to register a CAGR of 3.9% over the forecast period.
The market is further segmented by coverage into face, body/arms/legs, and bikini.
The Body/arms/legs segment dominates the market and is expected to grow at a CAGR of 3.8% during the forecast period.
The market is divided into low, medium, and high based on price.
Medium price is expected to dominate the market, registering the highest CAGR of 4.2% over the forecast period.
Based on distribution channels, the market is sub-segmented into company-owned websites, e-commerce websites, hypermarkets and supermarkets, specialty stores, and others.
Hypermarkets and supermarkets are expected to dominate, registering the highest CAGR of 3.9% over the forecast period.
