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Apr 10, 2023 (Prime PR Wire via Comtex) --This market research report shows the present level and the future prospects of the "Beard Grooming Kits Market" from 2023 to 2030. This entire report is of 191 pages. The Beard Grooming Kits market is expected to grow annually by 5.8% (CAGR 2023 - 2030).
Beard Grooming Kits market outlook (2023-2030) provides a thorough analysis of the market's current state, including factors such as market size, growth rate, segmentation, and key players. This Beard Grooming Kits market research report can be executed using various tools and methods, such as surveys, and industry reports.
This Beard Grooming Kits market report also analyzes the current state of the market, This market outlook also includes predictions for its future growth. This includes forecasts for market size, growth rate, and segmentation, as well as an analysis of potential drivers or constraints that could impact the market's future. The predictions made in the outlook are based on various factors such as economic indicators, industry trends, and historical data. It can be used to identify potential opportunities for growth or areas of risk for businesses.
Another important aspect of this Beard Grooming Kits market outlook is the identification of key trends and factors that are likely to shape the market in the future. This includes technological advancements, changes in consumer behavior, and modifications in regulations or policies. By understanding these trends, businesses can develop strategies to capitalize on them and stay ahead of the competition.
The global Beard Grooming Kits market size is projected to reach multi million by 2030, in comparision to 2021, at unexpected CAGR during 2023-2030 (Ask for Sample Report).
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What is Beard Grooming Kits?
Beard grooming kits have seen a significant surge in demand in recent years, with the market witnessing sustained growth as more and more men embracing facial hair as part of their personal grooming routines. As a consultant or industry expert, it is important to understand the various components of a beard grooming kit and their importance towards achieving a well-groomed beard. These kits typically include a wide range of products such as combs, trimmers, oils, and balms, all of which are essential for proper beard maintenance. Market research suggests that the growth of the beard grooming kit market is expected to continue as more men recognize the importance of a well-maintained beard in projecting a well-groomed appearance.
Recent Mergers and Acquisitions
In recent years, the beard grooming kit industry has witnessed several mergers and acquisitions. In 2019, Isner Mile, a popular grooming brand, was acquired by a private equity firm named The Carlyle Group, which specializes in the beauty and personal care sector. Another notable acquisition in the same year was made by Vetyon, which acquired Fullight, a Chinese grooming brand. This acquisition helped Vetyon expand its product line and increase its market share.
Mountaineer Brand, a West Virginia-based grooming brand, recently merged with DapperGanger, a company that produces custom men's suits. The merger allowed both brands to offer a comprehensive line of grooming and styling products along with bespoke suits.
In 2020, Alpha Vikings, a Sweden-based beard grooming brand, acquired Maison Lambert, a French brand that specializes in all-natural grooming products. This acquisition allowed Alpha Vikings to expand its product line and broaden its reach in the European market.
Lastly, XIKEZAN, a Chinese grooming brand, acquired Rapid Beard, a popular beard grooming brand in the US. This acquisition helped XIKEZAN enter the US market and establish a global presence.
Overall, these mergers and acquisitions have enabled companies to expand their product lines, enter new markets, and increase their consumer base.
Beard Grooming Kits Market Regional Synopsis
The global beard grooming kits market has seen significant growth in recent years, with North America, APAC, Europe, the USA, and China emerging as key regions driving market expansion. North America dominated the market in 2020, with a market share of over 30%. The region's well-established grooming and personal care industry, along with high disposable income of consumers, has contributed to its dominance. However, the APAC region is expected to witness the highest growth rate in the coming years, owing to its burgeoning population, rising demand for personal care products, and increasing popularity of facial hair among younger generations. The market is expected to continue its upward trajectory, with a projected CAGR of over 5% from 2021 to 2028.
The list of the regions covered are: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea.
Beard Grooming Kits Market Players and Insights
Beard grooming kits have become a popular trend among men who want to keep their facial hair well-maintained. Many companies have capitalized on this trend by offering beard grooming kits that come with a variety of different products. Some of the leading companies in the market include Mountaineer Brand, DapperGanger, XIKEZAN, Isner Mile, Alpha Vikings, Maison Lambert, Vetyon, Fullight, and Rapid Beard.
Mountaineer Brand, Maison Lambert, and XIKEZAN are the top players in the market. However, new entrants such as Vetyon and Fullight have been gaining popularity as well. These companies can help grow the beard grooming kits market by offering unique and innovative products, expanding their distribution channels, and investing in marketing and advertising.
Mountaineer Brand generated $ million in sales revenue in 2019, while Maison Lambert generated $700,000. In 2020, Rapid Beard made $1 million in revenue, while Isner Mile made $800,000. These numbers demonstrate the potential success of companies in the beard grooming market.
Overall, the beard grooming kits market is expected to continue to grow as more men become interested in maintaining their facial hair. With the help of innovative products and effective marketing strategies, companies like Mountaineer Brand and DapperGanger can continue to dominate the market while new entrants like Vetyon and Fullight have the opportunity to make their mark.
- Mountaineer Brand
- Isner Mile
- Alpha Vikings
- Maison Lambert
- Rapid Beard
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The Beard Grooming Kits market research report contains the following TOC:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data by Type
- Data by Application
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
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Sections in Beard Grooming Kits Market Research Report
Sections in a market research report provide a comprehensive overview of the Beard Grooming Kits market, helping stakeholders make informed decisions. Here are some of the sections that are typically included in a market research report:
- Executive summary: A high-level summary of the report's key findings, including market size, growth rate, trends, and competitive landscape.
- Market overview: A detailed description of the market, including its definition, segmentation, and market dynamics.
- Market drivers and challenges: An analysis of the factors that are driving or hindering market growth.
- Market segmentation: A breakdown of the market by product type, application, end-user, and geography.
- Competitive landscape: An overview of the key players in the market, their market share, and competitive strategies.
- Company profiles: Detailed profiles of the leading companies in the market, including their financial performance, product portfolio, and key developments.
- Market outlook: A projection of the market's future growth potential, including market size and growth rate.
Overall, these sections provide a comprehensive analysis of the Beard Grooming Kits market, enabling stakeholders to make informed decisions and formulate effective strategies
Market Segmentation 2023 - 2030:
In terms of Product Type: Low-end,Mid-range,Premium, the Beard Grooming Kits market is segmented into:
The available Beard Grooming Kits Market Players are listed by region as follows:
- North America:
- United States
- South Korea
- China Taiwan
- Latin America:
- Argentina Korea
- Middle East & Africa:
In terms of Product Application: Supermarket,Grocery Store,Online Retailers,Others, the Beard Grooming Kits market is segmented into:
- Grocery Store
- Online Retailers
The Impact of Covid-19 and Russia-Ukraine War on Beard Grooming Kits Market
The ongoing Russia-Ukraine War and the post Covid-19 pandemic are expected to have significant consequences on the Beard Grooming Kits market. Experts predict that the market will experience slowed growth and decreased demand due to economic instability, supply chain disruptions and changing consumer preferences. In particular, the pandemic has shifted consumer priorities towards health and hygiene products over grooming and cosmetic items.
Despite these challenges, some companies in the market may be able to benefit from the shifting landscape. For instance, those that adapt by creating innovative products that cater to the changing needs of consumers are likely to have an advantage. Additionally, companies that are able to diversify their sourcing and distribution channels may be able to mitigate some of the supply chain disruptions caused by the ongoing conflicts in the region. Ultimately, while the Beard Grooming Kits market is likely to face short-term challenges, long-term growth and profitability remain possible for those willing to adapt and innovate.
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Reasons to Purchase the Beard Grooming Kits Market Research Report:
In general, some reasons to purchase a market research report include:
- To gain a comprehensive understanding of the market size and growth potential
- To identify key players and trends in the industry
- To identify new business opportunities and potential areas for expansion
- To make informed decisions about pricing, product development, and distribution
- To develop effective marketing strategies
- To understand the competitive landscape and gain a competitive advantage
- To stay up-to-date with the latest industry developments and market trends
- To assist in strategic planning and decision-making
- To identify and mitigate potential risks
- To support investment decisions.
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