The Latin America, Middle East and Africa Razor Market would witness market growth of 5.7 % CAGR during the forecast period (2022-2028).
By including coatings that enhance a particular blade's shaving qualities, manufacturers have significantly diversified their offerings of blades. In an effort to capitalize on the growing push to re-right the laws governing hair on the skin, manufacturers and suppliers are constantly improving their blade offers and introducing eco-friendly razors as well as body hair solutions. The two major types of blades are carbon steel and stainless-steel razors. Furthermore, stainless-steel razors are also a popular trend across the market. While the vast majority of suppliers are engaged in the production of stainless-steel razors, various manufacturers continue to manufacture carbon steel razors. Hence, the demand for various types of razors is surging.
Brazil's market for razors is developing at a competitive rate. Overall sales in the region are being driven by rising disposable razor usage and adoption. For example, Brazilian men today are comparatively more interested in grooming. They devote more time to maintaining their appearance and skin. It is anticipated that this shift in Brazilian men's grooming attitudes would present new business prospects for firms in the razor market. Moreover, the demand for electric razors is expediting in the region. Electric razors are very easy as well as safe to use, which is increasing their popularity among the regional population.
The Brazil market dominated the LAMEA Razor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $275.3 Million by 2028. The Argentina market is exhibiting a CAGR of 6.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.5% during (2022 - 2028).
Based on Consumer, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, and Online. Based on Product Type, the market is segmented into Cartridge, Disposable, and Electric. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Razor Market is Predict to reach $14.45 Billion by 2028, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter and Gamble Company, Koninklijke Philips N.V., Edgewell Personal Care Company, B. Braun Melsungen AG, Société Bic S.A., Syska LED Lights Private Limited, Harry’s, Inc., and Dorco Co. Ltd., Super-max group, and Nova
By Consumer
By Distribution Channel
By Product Type
By Country
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