December 5, 2013 1:21 am
This is in stark contrast to the 32 percent of those aged 55-64 and 29 percent of men over 65 from other age demographics claiming to do the same thing.
"That younger men are more participative in the facial skincare category bodes well for the future growth of the men's skincare segment as younger men will likely continue using products as they age," says Gabriela Elani, home and personal care analyst at Mintel. "The fact that sales of men's personal care products have risen so sharply over the past five years highlights the growth in product categories that have traditionally been segmented by gender, such as antiperspirant/deodorant (APDO), shaving, and shower products."
The men's personal care market will reach $3.9 billion this year, enjoying growth of 15 percent since 2008. Despite the increased use of facial skincare among young men, toiletry products, such as APDO, shower gel, and haircare products enjoy the highest market penetration, as male consumers use these products on a daily basis to maintain their personal hygiene.
The men's APDO segment has increased by 13 percent during 2008-13 and is now worth 1.4 billion. Mintel projects that this segment will continue to grow steadily year to year into 2018. The continued growth is not surprising as some 95 percent of men report that they use an APDO product, making it the most commonly used product among all male respondents.
When it comes to personal care products, men are nothing if they're not loyal. More than half of all men (52 percent) say they tend to stick to the same brands of toiletries and grooming products. In addition, 34 percent of men like to smell their personal care products before buying them and 20 percent favor 2-in-1 products to save time.
"It will be a challenge for companies and brands to expand the current market, as men don't have a strong interest in trying out new product forms. In order to accelerate category growth, companies should focus on improving the functionality of male-specific haircare and facial skincare products in order to persuade men to switch over from general market products. Improved functionality could also influence nonusers to try out products in these categories," concludes Gabriela Elani.
Published with permission from RISMedia.