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.
Access Full research report on hair care market analysis:
https://www.grandviewresearch.com/industry-analysis/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’OrĂ©al and Natura Cosmeticos SA signed an agreement for the sale of The
Body Shop to Natura.
View more reports
of this category by Grand View Research at: 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
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-hair-care-market
https://www.grandviewresearch.com/press-release/global-hair-care-market
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.
For more information: https://www.grandviewresearch.com/