Hair Care Market has grown exponentially and is expected to growth at a considerable CAGR of 4.1% during the forecast period. The increase in disposable income, changing lifestyle, and various hairstyle trends are major factors that are responsible for driving the market growth. Beauty services as a profession have been raised over the century from the 90s. The popularity has been further driven by the development of technological innovations which has created lucrative demand for hairstyles. Various technology advancements include novel antimicrobial materials, volume enhancement, controlled release & encapsulation of actives, stability enhancement, and fiber strengthening and thickening among others, which will accelerate the growth of the hair care market. Although, these hair treatment methods are expensive which cannot be afforded by every individual, which may hinder the growth of the hair care market.
Moreover, the major factor that contributes to the market growth is the rising hair-related problems along with the technological innovations in the manufacturing of the product. For instance, over 250 million of the Chinese population is suffering from hair loss problems. As per the survey report released in August 2019 by the China Association of Health Promotion and Education (CAHEP), men between the age group of 20 and 40 years are the major group which is suffering from hair loss issues. In addition, men are more likely to experience hair loss as compared to women. The rise in hair loss issues across the globe has accelerated the sales of shampoo by 387% in the year 2019. Majorly the shampoo helps in preventing and reducing hair loss.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Product Type
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Kao Corp., L'oreal SA, The Procter & Gamble, inc., Unilever Group, Johnson & Johnson Services, Inc., Revlon Inc. Oriflame Holding AG, Shieseido Co. Ltd, and Amway Corp., among others.
Hair Care Market Segmentation
By Product Type
Shampoo
Conditioner
Hair Oil
Hair Colorants
Hair Styling Products
Others (Waxes, Paste, Mousses, Hair Treatment Products)
By Distribution Channel
Offline
Supermarket/Hypermarket
Convenience Stores
Specialty Stores
Pharmacies/ Drug Stores
Online
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Hair Care Market – Segmentation by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Amway Corp.
Aveda Corp.
Avon Products, Inc.
Beiersdorf AG
Church & Dwight Co., Inc.
Conair Corp.
Combe, Inc.
Coty, Inc.
Deciem Beauty Group Inc.
FANCL Corp.
Goody Products, Inc.
Henkel AG & Co. KGaA
Hoyu Cosmetics (Nederland) B.V.
Johnson & Johnson Services, Inc.
John Frieda (Kao USA LLC)
KOSE Corp.
L'oreal S.A.
Marico, Ltd.
MONAT Global Corp.
Nalynna Co., Ltd.
Natura International, Inc.
Neutrogena Corp.
Oriflame Holding AG
Procter & Gamble Co.
Revlon, Inc.
Unilever plc
Vogue International LLC
Wella Operations US LLC
Yves Rocher Amérique du Nord, Inc.
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