Hair Care Products Market is anticipated to worth USD 116,345 million by 2025
Published | 03 April 2019
According to BlueWeave
Consulting, the global Hair Care products market is anticipated to worth USD
116,345 million by 2025, with a CAGR of 3.39% during 2019-2025. Hair care
products help to control the properties and behavior of one’s hair so that it
can be maintained and styled desirably. The global market of hair care products
is growing with a healthy growth rate owing to the increasing number of
fashion-conscious consumers and the rise in male grooming, coupled with
increasing demand for healthy, lustrous, and manageable hair.
Moreover, the expanding
aging population and subsequent adoption of hair colors and dyes have also
provided thrust to the market growth. Also, a surge in hair and scalp related
problems among the consumers has led to several product innovations by
manufacturers accommodating the prevalent and changing consumer tastes and
preferences, thereby facilitating the demand for hair care products in the
coming years.
Browse Detailed Analysis
with TOC, “Global Hair Care Products
Market, By Product Type (Shampoo, Hair Color, Conditioner, Hair Styling
Products, Hair Oil, And Others) By Distribution Channel (Hypermarket, Salons,
E-Commerce, Pharmacy, Specialty Store, And Others) By Region (North America,
Europe, Asia Pacific, Middle East & Africa), Size And Forecasts, 2015 –
2025”
At
Growing urbanization coupled
with increasing beauty consciousness among men is expanding the demand for
grooming products such as hair gels, hair spray among the male population,
which in turn is fueling the growth of the hair care products market. Besides,
climate variations are another driving factor that tends to hamper the hair conditions
living in a certain geographic condition, thus augmenting the demand for proper
hair care products to adapt to such locations. Another key factor supporting
the growth of the global haircare market includes the growing popularity of
hair care treatments such as hair spa and deep nourishment. Also, a rising
number of mergers and acquisitions between companies, along with the increasing
focus on personal grooming and online retail for hair care products, are some
of the latest trends for the global haircare market.
Shampoo
Segment is expected to hold the dominant position in the global hair care
products market during the anticipated period.
Among all the hair care
products types, the shampoo segment held a dominant position in the hair care
products market. It is expected to retain its dominance over the forecast
period due to the huge availability of specialized products such as herbal
shampoo, baby shampoo, anti-dandruff shampoo, gluten-free shampoo, and shampoo
for color-treated hair. Furthermore, dry shampoo is gaining significant
traction due to its advantages, such as increased ease and convenience over
liquid shampoo, which, in turn, is driving the growth of the shampoo segment in
the coming years. Additionally, creative advertising campaigns of hair care
products is increasing the popularity of herbal hair care products, technology
innovations in product manufacturing, rising disposable income with the
increase in spreading power on hair care are some of the major key factors
driving the growth for global haircare market.
Asia
Pacific is expected to be the fastest-growing region in the global hair care
products market during the anticipated period.
The global Haircare products
market is categorized into five regions North America, Europe, Asia Pacific,
and Middle East & Africa. The Asia Pacific is expected to witness high
growth rates in the coming years due to an emerging economy, improvement in
living standards, rising hygiene awareness and increasing hair related problems
due to an unhealthy lifestyle, seasonal and climatic factors. Meanwhile, North
America holds the largest haircare market share, followed by Europe, owing to
the new hair care products innovations and increasing demand for natural and
organic hair care products in these regions. Besides, the United States has
developed in population demographics that have opted for better hair care
solutions along with independent movements within communities, such as the
Natural Hair Movement, which emphasizes that African descent populations retain
their conventional hairstyles.
Global
Hair Care Products Market: Competitive Landscape
The key players operating in
the global hair care products industry include L’Oreal Group, Henkel AG &
Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda
Corporation (Estee Lauder), Avon Products Inc., Revlon Inc., Olaplex, and Pai
Shau. Most of the key players are engaged in adopting strategies such as
mergers and acquisitions, collaborations, and new product development to
increase their global market share.
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Related Report
Publish Date: November 2021
The global hair care products market is expanding rapidly as a result of deteriorating hair quality caused by air pollution and excessive use of chemicals on the hair. Additionally, rising beauty consciousness among consumers, is also increasing demand for grooming products, such as hair gels, colour, and so on.
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