- Report ID: BMRC 1330 | Number of pages: 200 | Publish Date: Jan 2021
Status: Published | Category: Chemical And Materials | Delivery Timeline:
Haircare Market is valued at USD 102.11 Billion in 2020 and expected to reach USD 131.14 Billion by 2027 with the CAGR of 3.64% over the forecast period.
Global Hair Care Industry: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2026- Increasing demand for improved personal care and people inclining towards beauty-enhancing products coupled with increasing cases of baldness are some of the major factors anticipated to propel the growth of Global Hair Care Market.
Hair care is a general term for hygiene and cosmetology involving the hair which grows from the human scalp and to a lesser extent facial, pubic and other body hair. Hair care routines differ as per an individual's culture and the physical characteristics of one's hair. Professional hair and scalp treatments are effective to address multiple problems of the scalp and degrading hair quality, including hair loss. These treatments work by tackling the issues from the roots, promoting blood circulation and revitalizing the follicles. Hair Care products help to control the properties and behavior of the hair so that it can be maintained in a controlled and desirable manner. It mainly includes hair sprays, hair conditioners, hair straighteners and relaxers, shampoos, rinses, permanent waves, tonics and dressings.
Global Haircare Industry report is segmented on the basis of product, application, distribution channel and region & country level. Based upon product, hair care industry is classified into hair styling, shampoo, hair colorant, conditioners and hair oil. Based upon application, haircare industry is classified into hair treatment and scalp treatment. Based upon distribution channel, haircare industry is classified into hypermarkets, E-commerce and pharmacies.
The regions covered in this Global Haircare Industry report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Haircare is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Haircare Industry Report covers prominent players are like Unilever, Shandong Baisheng Biotechnology Co.Ltd, L’ORÉAL, OLVEA Group, REVLON Inc, Oriflame Cosmetics AG, Johnson and Johnson ServicesInc., Shiseido Company, Limited, Kao Corporation, Henkel Corporations (Schwarzkopf Professional), Amway and Procter and Gamble Co. and others.
Henkel Opened Professional Hair Care Headquarters in Los Angeles Area
January 17th, 2018; Henkel announced the official opening of the company’s Beauty Hair Care Professional Headquarters located at 5800 Bristol Parkway in Culver City, California. This new location is the culmination of bringing several key brands into one cohesive technology-rich location. Henkel’s North American professional hair care brands, intended for both professional hairdresser/salon use as well as consumer use.
Increasing Demand for Improved Personal Care and People Inclining Toward Beauty-Enhancing Products Coupled with Increasing Cases of Baldness are some of the Factors Anticipated to propel the Market Growth.
Major factors driving the growth of global hair care market include the increasing demand for improved personal care and people inclining toward beauty-enhancing products coupled with increasing cases of baldness are the factors. Growing consumer concern about the safety of preservatives in personal care and cosmetic products has led to their increased scrutiny by regulatory bodies. According to Health and Beauty Industry Statistics, Over 80% of Generation Z-ers purchase organic and natural skincare products. Teenagers spend over USD 40 billion on beauty products. Increasing number of consumers inclining towards beauty-enhancing products coupled with increasing cases of baldness is also supplementing the market of hair care growth. By 50 years of age, about 85 percent of men are balding, according to the American Hair Loss Association (AHLA). And More than 50 percent of women experience balding. Also, According to national library of medicine, the proportion of men with moderate to extensive hair loss was 42%. The proportion of men with moderate to extensive hair loss increased with increasing age, ranging from 16% for men 18-29 years of age to 53% of men 40-49.
However, stringent rules and regulation for hair care products approval by regulatory authority such as FDA and adverse effect of some harmful chemicals may hinder growth of the global hair care market. In spite of that, growing demographics and economies in the developing countries, rising number of mergers and acquisitions between companies, increasing focus on personal grooming and online retail for hair care products are some of the factors can provide various growth opportunities for the further growth of the global hair care market.
Asia Pacific is Expected to Dominate the Global Haircare Industry
Asia pacific is expected to dominate the global haircare market. Increasing number of hair related issues among men and women is expected to drive the hair care market growth in this region. Therefore issues such as dryness, spilt ends, excess oiliness and hair fall among others have increased the awareness regarding hair care products which will boost its demand. Baldness is becoming more common in China, with a new survey showing that one out of six Chinese people, or about 250 million people, are suffering from hair loss. According to a survey released by the China Association of Health Promotion and Education (CAHEP), men aged 20 to 40 are the main group with the problem. Another fact is that men are more likely to experience hair loss than women. A survey from China's medical doctor association concludes that the incidence of hair loss among Chinese men is 25 percent.
North America is expected to witness a significant growth in the global haircare industry owing to rising health awareness among the population, growing geriatric population, high disposable income and increasing demand for improved personal care in this region. Additionally, Europe is also expected to witness a significant growth owing to increasing number of fashion conscious consumers and growth in male grooming, coupled with demand for healthy, lustrous, and manageable hair in this region.
By Product: Hair Styling, Shampoo, Hair Colorant, Conditioners, Hair Oil
By Application: Hair Treatment, Scalp Treatment
By Distribution Channel: Hypermarkets, E-Commerce, Pharmacies
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Key Benefits for Global Haircare Industry Analysis Report–
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Haircare Industry Size By Product (Hair Styling, Shampoo, Hair Colorant, Conditioners, Hair Oil), By Application (Hair Treatment, Scalp Treatment) Forecast 2021-2027