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Business
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Men's grooming industry is where the money is at now.

By
BO Desk
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Progress
January 21, 2024
The conversation around self-care has evolved dramatically over the past decade. Once weighed down by outdated notions that equated grooming with vanity, men are now embracing self-care as a symbol of confidence, health, and personal growth. It’s no longer seen as a “feminine” practice but as an essential part of modern masculinity. In fact, a Dove study revealed that 80% of men admit to using their partner’s products in the shower—a telling sign that the grooming aisle is no longer off-limits.
But why are men suddenly “pookie”-fying themselves? Let’s break it down.
  1. A Shift in Perception:
    A growing 70% of men now believe their face is their real “money-maker”, recognizing the connection between appearance and opportunities, whether personal or professional. Grooming is no longer just about looking good—it’s about feeling confident, staying healthy, and keeping up in a competitive world.
  2. Cultural Influence:
    Social media, dating apps, and celebrity culture play a massive role, influencing 45% of Gen Z men to invest in their appearance. Young men aim to attract partners (33%), while older men focus on looking younger (44%). This generational divide underscores the universal appeal of self-care, albeit with different motivations.
  3. Rising Awareness of Health Risks:
    Men are 40% more likely to develop skin cancer than women, highlighting the importance of proper skincare. As conversations around health become mainstream, grooming is increasingly seen as a preventive measure rather than a luxury.
  4. Exploding Interest Online:
    Search volumes tell the story: Google searches for “men’s skincare routine” have surged 857% in the last five years. This explosion reflects a growing curiosity and willingness to learn about grooming essentials.

What’s Happening in the Grooming Aisle?

The transformation is visible in the numbers:

  • 1 in 2 men are buying more skincare products than they did five years ago.
  • 56% of young men and 7 in 10 men aged 51+ now follow daily skincare routines.
  • The average man spends ₹500/month on grooming and dedicates 10 minutes/day to their skincare routine.

This shift isn’t limited to urban centers. Tier 2 and Tier 3 cities in India are also witnessing a surge in demand, driven by affordable options and increased internet penetration.

A Booming Market: By the Numbers

The men’s grooming market is growing faster than ever, fueled by rising disposable incomes, social acceptance, and innovation. Globally:

  • The market reached $202 billion in 2022 and is expanding at a CAGR of 8%.
  • Shaving products still dominate with a 43% market share, but premium grooming products are the fastest-growing segment, with a 10.5% CAGR.

In India, the numbers are equally impressive:

  • The market generated $13,007 million in 2022 and is projected to hit $25,893 million by 2030, growing at a 9% CAGR.
  • Digital-first shopping channels are surging at a 12.6% CAGR, with D2C brands leading the way.

Key Players Shaping the Market

  1. Homegrown Startups:
    • Bombay Shaving Company and USTRAA are thriving with their unique blend of offline and e-commerce strategies.
    • These brands cater to men with affordable yet high-quality products, often leveraging influencer marketing and social media to attract younger audiences.
  2. Big Retailers Adapting:
    • Nykaa launched Nykaa Man in 2022, directly addressing the growing demand for men’s grooming products.
    • This move has positioned Nykaa as a one-stop shop for modern men looking to upgrade their routines.
  3. Established Players Expanding:
    • Emami Ltd’s acquisition of The Man Company reflects the growing interest in premium grooming products.
    • Similarly, Marico Limited’s Beardo has crossed the ₹100 crore revenue mark, a milestone that underscores the profitability of this sector.

The Psychology Behind the Boom

This grooming revolution is more than skin deep. Men are rewriting what self-care means in the modern era:

  • Confidence and Control: A well-groomed appearance is often linked to higher self-esteem and a sense of control in an unpredictable world.
  • Breaking Taboos: Grooming was once stigmatized as “feminine,” but today, it’s celebrated as a form of self-expression and personal investment.
  • Social Expectations: From polished LinkedIn profiles to Instagram-worthy selfies, looking good is now part of the modern man’s toolkit for success.

What’s Next for Men’s Grooming?

As the industry grows, a few trends are shaping its future:

  1. Sustainability: Eco-friendly packaging and vegan products are gaining traction, as environmentally conscious consumers demand more ethical options.
  2. Personalization: AI and tech-driven solutions, such as skincare quizzes and subscription boxes, are making grooming highly tailored and convenient.
  3. Premiumization: With rising disposable incomes, men are willing to spend more on niche, high-quality products like premium colognes, serums, and beard care kits.

The men’s grooming industry is no longer just a niche—it’s a thriving market segment that’s redefining masculinity and self-care. From skincare routines to premium colognes, grooming is more than a trend; it’s a lifestyle shift that’s here to stay. For men, it’s about more than looking good—it’s about feeling good, staying healthy, and owning their confidence in a rapidly changing world.

As brands innovate and men embrace self-care without hesitation, the grooming aisle will only continue to expand—both in size and significance.

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