The men's personal care industry is predicted to hit $166 billion by 2022, according to Allied Market Research. Just last year, men's skin-care products alone saw a more than 7% jump in sales and with the category currently valued at $122 million, according to market researcher NPD Group.
"In recent years, the notion that men can't or shouldn't be using skin-care products or caring more in general about all aspects of their appearance has been receding," said Andrew Stablein, research analyst at Euromonitor International in a research note.
The success of digitally native brands catered directly to men such as Harry's and popular subscription service Dollar Shave Club reveal "the average men's grooming routine isn't about just shaving, but can be aided by using skin-care products," Stablein said.
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