The global hair
care market is expected to reach USD 211.1 billion by 2025,
according to a new report by Grand View Research, Inc. The increasing demand
for hair color products, owing to the growing aging population base and
increasing air pollution, are the major factors contributing toward significant
market growth.
Growing trend in fashion industry and rising
hair-related problems coupled with technological innovation in product
manufacturing are one of the high impact rendering factors contributing to the
demand of products and services, which thus propel the growth of the market. In
addition, high penetration of salon services across the globe along with
increasing demand for professional products, and changing grooming pattern
especially among male consumers are another drivers accelerating the market
growth.
Moreover, the increasing migration of rural population
to metropolitan areas and rising expenditure on beauty and personal care
products are anticipated to accelerate the market growth. Thus, resulting in
the introduction of modified products sustaining the various needs of the
consumers based on different cultures, regions and hair types.
Browse full research report on Hair Care Market: https://www.grandviewresearch.com/industry-analysis/hair-care-market
Further
Key Findings From the Report:
- Services held the largest market share owing to the growing
popularity of hair extensions in countries such as the UK, and the U.S.,
and the inclination towards enhanced appearance coupled with growing
population base.
- Shampoo held the largest share in the product segment due to rising
consumer awareness on the benefits of organic and natural shampoo. The
increasing air pollution coupled with high adoption rate of shampoo in
daily use is attributed to the largest market share.
- Hair color is expected to witness fastest growing product over the
forecast period owing to the changing fashion trend. The increasing
penetration of national and international salons in tier II and tier III
cities in Asia Pacific, EMEA and North America region and rising product
visibility across multi-retail outlets contribute to the fastest growth of
the product.
- U.S. dominated the hair care market owing to the presence of large
multinational companies focusing on providing superior quality hair care
products such as styling products, conditioner, color and shampoo.
- India is expected to be the fastest growing country with a CAGR of
9.73% due to the presence of wide range of hair oil products.
- Some of the key players are L’Oreal, Hindustan Unilever Ltd.,
P&G, Kao Corporation, Marico Limited, Aveda Corporation, Henkel
Corporation, Combe Incorporated, Johnson & Johnson, and Avon.
- Most of the companies are engaged in adopting strategies such as
mergers and acquisition, collaborations, and new product development to
increase their market share. For instance, in September 2017, L’Oréal and
Natura Cosmeticos SA signed an agreement for the sale of The Body Shop to
Natura.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the global hair care market on the basis of type
and product:
Hair
Care Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Product
- Services
Hair
Care Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Shampoo
- Hair Color
- Conditioner
- Hair Styling
Product
- Hair Oil
Hair
Care Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- U.S.
- UK
- India
- Brazil
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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