Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - Hong Kong

Hong Kong

In Hong Kong, the revenue in the Shaving market for the year 2024 reaches €91.06m.
Looking ahead, the market is projected to experience an annual growth rate of 1.66% (CAGR 2024-2029).
When comparing globally, it is worth noting that in China generates the highest revenue in this market, amounting to €5,853m in 2024.
Considering the population, per person revenues of €12.15 are generated in Hong Kong in 2024.
Hong Kong's growing demand for luxury shaving products reflects its affluent population and emphasis on grooming and personal care.

Key regions: Canada, Indonesia, United States, United Kingdom, Singapore

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.