Research Methodology – Men’s Personal Care Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Men’s Personal Care Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Men’s Personal Care Market is developed by integrating key market indicators and macroeconomic variables. These include:
1 Factors considered while calculating market size and share
- Consumer demographics: Age, income level, lifestyle, and geographical location.
- Product range: Different types of personal care products like grooming products, skincare, haircare, etc.
- Consumer trends: Preferences for organic, natural products, or luxurious brands, etc.
- Competition: Number of competitors in the market, their product offerings, pricing strategy, etc.
- Purchasing power of consumers: Analyzing the disposable income and spending habits of consumers.
- Existing and potential market: Understanding the current market and potential growth areas.
2 Key Market Indicators
- Sales volume and revenue: Current and past sales figures and revenue generated by men's personal care products.
- Market penetration: Level to which a product is known and/or used in a particular market.
- Consumption rate: Frequency of use or consumption of different types of male grooming products.
- Market growth rate: Rate at which the market for men's personal care products is expanding.
- Market trends: Identifying popular product types and consumer behavior.
3 Growth Trends
- Increase in demand for organic and natural personal care products.
- Rise in e-commerce sales of men's personal care products.
- Growth in demand for men's skincare products, particularly anti-aging and sun protection products.
- Increase in the days of men casting their focus on personal grooming and wellness.
- Increased demand for multi-purpose products like BB and CC creams among men.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Men’s Personal Care Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Men’s Personal Care Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights