Over the years, the male grooming sector has experienced exponential growth and is now a multibillion dollar industry. The global market for male grooming was estimated to be worth USD 54.7 billion in 2019 and is projected to increase at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2027, according to a Grand View Research analysis. An greater emphasis on personal grooming, rising disposable money, and an increase in the availability of male-specific grooming products are all factors contributing to this trend.
The need for grooming products has grown as more men are mindful about their looks. Men’s grooming was once only concerned with haircuts and shaving, but it has since grown to include skincare, body care, hair care, and perfumes. Skincare, hair care, hygiene, and shaving items are just a few of the market’s subcategories.
Men’s grooming now includes maintaining their beards as well. A product that has grown in popularity recently is beard oil. Despite the market’s abundance of beard oils, some men prefer to use olive oil as a stand-in because it is a natural oil that is common in most households. Olive oil has moisturizing qualities that might aid in softening and hydrating the beard.
Grooming a beard can be a little more challenging for black males. Black men’s facial hair frequently has a rougher and thicker texture than that of other races. Because of this, black men frequently need to use beard oils that are created just for their hair type. Natural oils that are known to soften and nourish hair, such coconut oil, jojoba oil, and argan oil, can be used to make beard oil for black men.
Additionally, maintaining a well-groomed beard might provide revenue. Selling beard oils, offering beard grooming services, or even modeling are all viable sources of income. There are more opportunities for entrepreneurs to tap into this market and build successful enterprises as the male grooming sector continues to expand.
In conclusion, the billion-dollar male grooming market is predicted to expand further in the years to come. Men’s grooming now includes beard care, and there are numerous products on the market to accommodate various hair types. Black guys can produce their own beard oil using natural oils, or they can use olive oil for it. There is a chance to generate money through beard grooming services, selling beard oils, or modeling as a result of the rising demand for grooming items.
No, there is no mention of selling virgin hair in the article. The article’s main goal is to give readers a broad overview of the male grooming market and explain its value.
Beard oil has been used for generations, although no one is really sure where it came from. To keep their beards silky and lustrous, the ancient Egyptians are thought to have employed a combination of oils and herbs. Beard oil has recently gained popularity and entered the mainstream, with numerous businesses and brands making their own versions of the product. As a result, it is challenging to identify a particular person or cultural group as the inventor of beard oil.