Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - Canada

Canada

In Canada, the revenue generated in the Shaving market in 2024 reaches a significant amount of US$0.45bn.
According to market forecasts, this segment is projected to experience an annual growth rate of 0.44% (CAGR 2024-2029).
When comparing in Canada to other countries on a global scale, it is important to note that in China generates the highest revenue in the Shaving market, with a staggering US$6,378m in 2024.
In terms of per capita income, the revenue generated per person in Canada is approximately US$11.50 in 2024.
With the rise of eco-consciousness in Canada, there is a growing demand for sustainable and plastic-free shaving products.

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.