Hair Care Market Analysis, Market Status, Competitive Landscape, Growth Opportunities and Forecast By 2023
The hair care market has increased significantly with rising emphasis on grooming globally. Market reports associated with the healthcare industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to grow at a stable CAGR of 3.40% in the forecast period.
The market for hair care products shows increased potential for growth due to the escalating demand perceived from the consumer end. Growing cosmetic expenses, increasing incidence of hair related diseases, strengthening hair and beauty industry, and presence of robust marketing strategies by the players is expected to buoy the development of the market in the forecast period.
Top Market Players:
- Shandong Baisheng Biotechnology Co., Ltd,
- OLVEA Group,
- REVLON Inc,
- Shiseido Company, Limited,
- Henkel Corporations (Schwarzkopf Professional),
- Oriflame Cosmetics AG,
- Kao Corporation,
- Johnson & Johnson Services, Inc.,
- Procter & Gamble Co.
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By product, the global hair care market has been segmented into hair styling, shampoo, hair colorant, conditioners, and hair oil.
By application, the global hair care market has been segmented into hair treatment and scalp treatment.
By gender, the hair care market has been segmented into male and female.
By distribution channel, the global hair care market has been segmented into hypermarkets, e-commerce, and pharmacies.
By end-user, the hair care market has been segmented into home care and salons.
Table of Figures:
TABLE 1 GLOBAL HAIR CARE MARKET, BY PRODUCT 2014-2023 (USD MILLION) 32
TABLE 2 GLOBAL HAIR CARE MARKET FOR HAIR STYLING 2014-2023 (USD MILLION) 33
TABLE 1 GLOBAL HAIR CARE MARKET FOR SHAMPOO 2014-2023 (USD MILLION) 33
TABLE 2 GLOBAL HAIR CARE MARKET FOR HAIR COLORANT 2014-2023 (USD MILLION) 34
TABLE 3 GLOBAL HAIR CARE MARKET FOR CONDITIONERS 2014-2023 (USD MILLION) 34
TABLE 4 GLOBAL HAIR CARE MARKET FOR HAIR OIL 2014-2023 (USD MILLION) 34
TABLE 5 GLOBAL HAIR CARE MARKET, BY APPLICATION 2014-2023 (USD MILLION) 36
TABLE 6 GLOBAL HAIR CARE MARKET FOR HAIR TREATMENT 2014-2023 (USD MILLION) 37
TABLE 7 GLOBAL HAIR CARE MARKET FOR SCALP TREATMENT 2014-2023 (USD MILLION) 37
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The haircare market’s regional analysis comprises of Europe, Asia Pacific, Americas, the Middle East, and Africa.
The European region is responsible for the significant market portion of about 34.5% in the haircare market. The large share is chiefly attributed to the incidence of advanced economies such as Italy, the U.K., coupled with a growing cosmetic industry within the region.
The Americas region is responsible for the next principal market share whereas the Asia Pacific region is projected to develop at the incremental CAGR of 3.81% during the forecast period. The existence of enormous opportunities and endlessly developing economies will boost the market within the region.
The Middle East and African region with the prevalence of low-income countries is responsible for the least market share in 2016. Further, the Asia Pacific region have enormous opportunities for the growth of hair care market owing to the incidence of emerging economies such as Australia, China, India, and others.
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