Global hair care market expected to reach USD 110.70 billion in 2024, growing at a CAGR of slightly above 3.15% between 2018 and 2024. The global hair care market has a huge industry potential comprising of both men and women hair care products.
The report covers forecast and analysis for the hair care market on a global and regional level. The study provides historic data for 2015-2017 along with the forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the hair care market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hair care market on a global level.
This report offers comprehensive coverage on global hair care market along with, market trends, drivers, and restraints of the hair care market. This report includes a detailed competitive scenario and the product portfolio of key vendors. To understand the competitive landscape of the market, an analysis of Porter’s Five Forces model for the hair care market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view of the hair care market by segmenting the market based on product and distribution channel. The product segment is divided into hair oils, colorants, shampoos, conditioners, hair styling products, and others (hair loss treatments, hair accessories). The distribution channel segment is further bifurcated into direct selling, e-commerce, pharmacies, and hypermarkets & retail stores. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country wise division into the U.S., the UK, France, Germany, China, Japan, India, and Brazil.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global hair care market. The market players involved in the hair care market include Oriflame Holding AG, L'Oreal Group, Amway, Johnson & Johnson, Unilever, Shiseido Company Ltd., Beiersdorf AG, Church & Dwight Co. Inc., NaturaCosmeticos SA, and Procter & Gamble Co., among others.
The report segments the global hair care market as follows:
Hair Care Market: Product Segment Analysis
Hair Care Market: Distribution Channel Segment Analysis
Hair Care Market: Regional Segment Analysis
In today’s glamorous world, the major portion of the global population has become beauty conscious and thus people are opting for various beauty-enhancing products available in the market. Hair care products repair and reduce hair damage, as well as protect and nourish the hair from pollution, dryness, and several other factors. Hair care products have come a long way over the years and there are a number of brands offering hair oils, hair colorants, shampoos, and other hair styling products. All these products are mainly composed of natural and synthetic ingredients. The major consumption of these products is by hair care professionals in salons, beauty parlors, and at homes by individuals.
The hair care market is projected to maintain a steady growth rate throughout the forecast period with a CAGR of 3.15% for the forecasted period. The factors that are contributing to the growth of the hair care market are continuously increasing the number of fashion conscious customers, availability and launch of many customized products as well as growing penetration of hair salon services across the globe. The growing concerns related to hair damage and hair falls is a major factor propelling the growth of the market. Growing trends in the ever-changing fashion industry such as surging demand for professional products and changing grooming patterns especially in male consumers are the factors driving the growth of the market.
The rise in customer spending on beauty and hair care products, increasing disposable income of people in developing nations, and concerns of customers related to grey hairs are some of the factors accounting for the rapid growth of hair care products in the global market. Factors restraining the growth of the hair care market are expensive product cost along with high manufacturing and marketing costs. Expansion of the organized retail business in various parts of the world and growing demand for organic and environment-friendly products are expected to offer various opportunities in the global hair care market.
Market segmentation of the global hair care market is based on the product and distribution channel. The product segment is categorized into shampoos, conditioners, hair oils, colorants, hair styling products, and others (hair loss treatments, hair accessories). The distribution channel segment is further bifurcated into direct selling, pharmacies, e-commerce, and hypermarkets & retail stores. Regional segmentation of the hair care market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation into major countries such as the U.S., UK, France, Germany, China, Japan, India, and Brazil.
The major players operating in the global hair care market are Oriflame Holding AG, L'Oreal Group, Amway, Johnson & Johnson, Unilever, Shiseido Company Ltd., Beiersdorf AG, Church & Dwight Co. Inc., NaturaCosmeticos SA, and Procter & Gamble Co., among others.
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