23 Dec 2020
Hair care products helps to protect and nourish the hair and shrink hair damage. They keep hair healthy by improving the texture and quality of the hair. Hair care products can be made of synthetic or natural ingredients, combined with other additional substances such as preservatives, agents, surfactants and emulsifiers. Hair care products are used by hair care professionals in salons and by individually at home. According to the type of hair and its requirements, there are different types of hair care products are available in the market such as shampoo, conditioner, hair styling gels, colorants, serums, hair spray, glazes, hair growth products and hair accessories. Modern hair care products provide multiple treatments for damage include split ends, rough, weak, dull and dehydrated. Moreover, professional hair care products are available in different forms to cater to the customer requirements. For instance, volumizing shampoo, oily hair shampoo, colored hair shampoo are some of the variants of shampoos that are formulated to provide solution to different hair problems.
Increasing consumers’ awareness about the hair care and shifting focus towards hair care and styling products are driving the growth of Global Hair Care Market.
"Hair Care Market is valued at USD 93.72 Billion in 2018 and expected to reach USD 115.73 Billion by 2025 with the CAGR of 3.06% over the forecast period."
Global Hair Care Market Dynamics– Increasing hair and scalp problems, rising intelligent advertising campaigns of hair care products, growing popularity of herbal hair care products, technology innovations in product manufacturing, rising disposable income and increasing spending on hair care are some of the major factors driving the growth for global hair care market. Additionally, rising aging population and growing trend in the fashion industry are also anticipated to accelerate the market growth. In the U.S., there are around 80,000 salons among which 4,000 are barber shops and 76,000 are beauty salons. Major salons in this country are Sports Clips, Premier Salons, Ratner Companies and Regis. Also, according to WHO, the global
causes loss of volume, hair thinning, and dryness due to less oil production which is also supplementing the market demand for hair care products. However, high cost involved and economic slowdowns may hamper the market growth.
Global Hair Care Market Regional Analysis– Asia-Pacific is expected to dominate the global hair care market within the forecast period. This region have huge opportunities for the development of hair care market due to the presence of developing economies such as India, Australia, China, and others. In the recent years, the Fast-Moving Consumer Good (FMCG) sector of India witnessed a huge growth. This boosted the market for various hair care products such as shampoo, hair oil, conditioners, and others within the region. According to the Indian Brand Equity Foundation in 2017, the Indian FMCG sector is estimated to register a CAGR of 20.6% and is estimated to reach USD 103.7 billion by 2020 from USD 49 billion in 2016.
North America is anticipated to show a significant growth in the global hair care market over forecast period due to increasing hair related problems among consumers, new hair care products innovations and increasing demand for natural and organic hair care products in this region. In addition, rising number of mergers and acquisitions between companies, increasing focus on personal grooming and online retail for hair care products are some of the latest trends for this regional market growth.
BRANDESSENCE MARKET RESEARCH HAS ANNOUNCED Top Hair Care Companies:
Amway is an American multi-level marketing company established in 1959 and headquartered in Michigan, 49355, United States. Specialties in Direct Selling and eCommerce, Beauty, Nutrition, Home Care Products, Personal Care Products, and Health and Wellness. Amway had 19000 Employees and a revenue of $ 8 Billion.
Avon established in 1886 and headquartered in Greater London, W4 5HR, United Kingdom. Specialties in Beauty, Micro-entrepreneurship, Supporting Women, and Inspiring Careers. Avon had 19500 Employees and a revenue of $ 4 Billion.
Beiersdorf AG is a German multinational company headquartered in Hamburg, 20245, Germany. Specialties in Skin Research, Cosmetics, Marketing, Skin Care, and FMCG. Beiersdorf had 20000 Employees and a revenue of $ 9 Billion.
Church & Dwight Co., Inc., is a major American Manufacturer Company established in 1846 and headquartered in Ewing, New Jersey. Specialties in Consumer Products Manufacturing Company and Specialty Products Manufacturing Company. Church & Dwight Co had 4800 employees and a revenue of $ 4 Billion.
Combe Incorporated, is an American privately owned personal-care company established in 1949 and headquartered in White Plains, New York. Specialties in Personal Care and Brand Management. Combe had 500 Employees and a revenue of $ 250 Million.
Key Benefits for Global Hair Care Market Report–
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.