Luxury Hair Care Market Size, Share & Products 2030

Luxury Hair Care Market

Luxury Hair Care Market - By Product (Shampoos and Hair Coloring Products), By Distribution Channel (Specialty Stores and E-Commerce), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 120 Report Code: ZMR-6481 Published Date: Jul-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 20.1 Billion USD 32.6 Billion 6.1% 2022

Introduction

The global Luxury Hair Care market accrued earnings worth approximately 20.1 (USD Billion) in 2020 and is predicted to gain revenue of about 32.6 (USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Luxury Hair Care market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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Luxury Hair Care Market: Outlook

Luxury hair care products are set to highlight more on packaging of hair products for appealing millennial population and new generation of people. Social media and internet as well as smartphones have played a major role in influencing demand for luxury hair care items in recent years. Citing an instance, OUIA – a U.S. based luxury hair care product manufacturing firm-studied consumer perceptions & purchasing behavior comprehensively on social media for improving its product marketing/promotional strategies. End-users in emerging economies view luxury hair care products as items that elevates their social status. In addition to this, high-end customers in some Asian countries prefer luxury cosmetic brands as it forms a part & parcel of their cultural heritage. Reportedly, most of the global participants in luxury hair care production business focus on launching new products incorporating unique features for enhancing aesthetic value of luxury products along with expediting product appeal. This will drive market trends.

Luxury Hair Care Market: Growth Drivers

Surge in end-user inclination towards natural product use has resulted into massive demand for luxury hair care items, thereby steering growth of luxury hair care industry. With luxury haircare firms targeting gender-neutral items, the market for luxury hair care items is anticipated to gain momentum over the assessment period. Novel concepts such as affiliate marketing & drop-shipping is anticipated to bring paradigm shift in luxury hair care market overestimated timespan. In addition to this, natural packaging and need for improving brand equity as well as product awareness has translated into product penetration, thereby driving market demand in recent years. Nonetheless, outbreak of COVID-19 pandemic has retarded growth of luxury hair care industry in the last two years.

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Product Landscape

Luxury Hair Care Shampoo Market To Witness Massive Growth By 2028

The humungous growth of shampoo segment over forecast timespan can be credited to massive customer demand for luxury shampoos made from organic constituents. In addition to this, large-scale popularity of green products will drive segmental growth over the assessment period.

Distribution Channel Insights

Specialty Stores Segment To Dominate Distribution Channel Segment During 2021-2028

The domination of specialty stores sector can be credited to customer's growing preference for physically verifying luxury cosmetic products before making purchases.

Luxury Hair Care Market Report Scope :

Report Attributes Report Details
Report Name Luxury Hair Care Market Research Report
Market Size in 2020 USD 20.01 Billion
Market Forecast in 2028 USD 32.6 Billion
Compound Annual Growth Rate CAGR of 6.1%
Number of Pages 144
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered ’Oréal, SEVEN, LLC, Alcora Corporation, Estee Lauder Companies, Kao Corporation, KOSE Corporation
Segments Covered By Distribution Channel, By Product and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2018 - 2022
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Trends

Asia Pacific To Make Notable Contributions Towards Overall Market Size By 2028

The growth of luxury hair care industry in Asia Pacific during forecast timeline is owing to escalating demand for organic luxury hair care items in countries of Asia Pacific. In addition to this, large number of luxury cosmetic items consumers in the sub-continent have become aware about benefits accrued due to use of luxury personal care & cosmetics products, thereby catapulting regional market trends. Increase in consumer per capita expenditure and growing preference for skincare items will catalyze expansion of luxury hair care market in APAC region during anticipated timeframe.

Global Luxury Hair Care Market SizeRequest Free Sample

Competitive Insights

Key participants profiled in study include L’Oréal, SEVEN, LLC, Alcora Corporation, Estee Lauder Companies, Kao Corporation, and KOSE Corporation.

The global Luxury Hair Care Market is segmented as follows:

By Distribution Channel

  • Specialty Stores
  • E-Commerce

By Product

  • Shampoos
  • Hair Coloring Products

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surge in end-user inclination towards natural product use has resulted into massive demand for luxury hair care items, thereby steering growth of luxury hair care industry. With luxury haircare firms targeting gender-neutral items, the market for luxury hair care items is anticipated to gain momentum over assessment period. Novel concepts such as affiliate marketing & drop shipping is anticipated to bring paradigm shift in luxury hair care market over estimated timespan. In addition to this, natural packaging and need for improving brand equity as well as product awareness has translated into product penetration, thereby driving market demand in recent years.   

 

According to Zion market research report, The global Luxury Hair Care market accrued earnings worth approximately 20.1(USD Billion) in 2020 and is predicted to gain revenue of about 32.6(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to escalating demand for organic luxury hair care items in countries of Asia Pacific. In addition to this, large number of luxury cosmetic items consumers in the sub-continent have become aware about benefits accrued due to use of luxury personal care & cosmetics products, thereby catapulting regional market trends. Increase in consumer per capita expenditure and growing preference for skincare items will catalyze expansion of luxury hair care market in APAC region during anticipated timeframe.

The key market participants include L’Oréal, SEVEN, LLC, Alcora Corporation, Estee Lauder Companies, Kao Corporation, and KOSE Corporation.

Shampoo segment is predicted to dominate overall market share during forecast period subject to massive customer demand for green products that include skin care, cosmetics, and personal care products.

Specialty stores is expected to be leading distribution channel slated to drive market growth during 2021-2028. The growing customer tendency towards physically verifying luxury cosmetic & personal care products before buying them will drive growth of specialty stores segment, thereby adding to growth of luxury hair care market.

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