Hair Care Market Size Worth $86.3 Billion By 2025 | CAGR: 5.4%
Published Date : 20 / 06 / 18 | Report Format: PDF
The global hair care market is expected to grow at growth rate of 5.4% to reach USD 86.3 billion by 2025.
The industry covers the retail sale of products such as hair colorants, conditioners, shampoo, perms & relaxers, styling agents etc. Hair care has been among the best performing service sector in personal care and beauty category. Growing number of key players investing in this industry coupled with increasing luxury barbershop chains in developed as well as developing regions support the market growth to great extent. Product segment is further divided into Shampoo, Hair Color, Conditioner, Hair Styling Products and Hair Oil. The distribution channel is divided into Hypermarkets & Supermarkets, Health & Beauty Stores, and others.
- In terms of different products, shampoo captured the highest share, over 40% throughout the forecast period.
- Regionally, North America and Europe recorded highest revenue share, captured above 50% collectively. Due to the relatively low barriers to entry, the hair care industry in these regions is highly fragmented and a number of key companies are investing increasingly to capture large customers.
- Avon Products, Inc., L’Oréal, Marico Limited, Kao Corporation, Procter & Gamble, Hindustan UniLever are some of the prominent players operating in this market. Among which, L’Oréal and Procter & Gamble are two major players, accounted for significant revenue share.
- Continuous product innovation coupled with the introduction of new hair care products are considered to be the key strategies adopted by key players. For example, L’Oréal expanded its natural hair care category, Botanicals Fresh Care range in June 2017 with an aim to offer premium experience with high-quality
KEY BENEFITS OF THE REPORT:
- In-depth analysis of the key market dynamics
- Granular analysis of the current market scenario and expected factors to affect the market
- Detailed analysis of the geographic region, regional and county wise analysis
- Highlight on the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the market
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
- Hair Colour
- Hair Styling Products
- Hair Oil
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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