Men's Skincare Spending Trends: Average Amount Spent and Common Products
Summary
- Men spend an average of $119 per year on Skincare Products.
- The most commonly purchased types of products by men for everyday self-care include cleansers, moisturizers, and sunscreen.
- There has been a growing trend of men investing more in Skincare Products and routines.
Introduction
Skincare is an essential part of self-care for both men and women. While the skincare industry has traditionally been marketed more towards women, there is a growing trend of men taking more interest in their skin health and investing in Skincare Products. In this article, we will explore the average amount of money spent by men on Skincare Products each year and the most commonly purchased types of products in the context of everyday self-care routines.
Average Amount Spent by Men on Skincare Products Each Year
According to a survey conducted by Statista in 2020, men in the United States spend an average of $119 per year on Skincare Products. This amount has been steadily increasing over the years as men become more conscious of their skin health and appearance.
Factors Influencing Spending
Several factors influence the amount of money spent by men on Skincare Products each year. These factors include:
- Age: Younger men tend to spend more on Skincare Products compared to older men.
- Income: Men with higher incomes are likely to spend more on Skincare Products.
- Education: Men with higher levels of education are more inclined to invest in skincare.
- Lifestyle: Men with active lifestyles or who spend more time outdoors may invest more in skincare for sun protection.
Most Commonly Purchased Types of Skincare Products
When it comes to everyday self-care routines, men tend to gravitate towards certain types of Skincare Products. The most commonly purchased products include:
- Cleansers: Cleansers are essential for removing dirt, oil, and impurities from the skin.
- Moisturizers: Moisturizers help hydrate and nourish the skin, keeping it looking healthy and vibrant.
- Sunscreen: Sunscreen is crucial for protecting the skin from harmful UV rays and preventing premature aging.
- Anti-aging creams: As men become more conscious of aging, anti-aging creams are becoming increasingly popular.
Trends in Skincare Spending
There has been a noticeable shift in recent years towards men investing more in Skincare Products and routines. According to a report by Grand View Research, the global men's skincare market is expected to reach $18.92 billion by 2027, driven by the increasing awareness of skincare benefits and the influence of social media.
Conclusion
In conclusion, men are spending an average of $119 per year on Skincare Products, with cleansers, moisturizers, and sunscreen being the most commonly purchased types of products for everyday self-care routines. With the skincare industry continuing to evolve and cater more towards men, it is evident that skincare is becoming an essential aspect of self-care for men of all ages.
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