According to a new report published by UnivDatos the Hair Care Market is expected to grow at a CAGR of around 4% from 2022-2028.
The analysis has been segmented into Product Type (Shampoo, Hair Colorant, Conditioner, Hair Styling Product, and Hair Oil); Distribution Channel (Supermarkets/Retail Stores, Salons, E-Commerce, Pharmacies, Specialty Stores, and Others); Region/Country.
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The hair care market report has been
aggregated by collecting informative data on various dynamics such as market
drivers, restraints, and opportunities. This innovative report makes use of
several analyses to get a closer outlook on the hair care market. The hair care market report offers a
detailed analysis of the latest industry developments and trending factors in
the market that are influencing the market growth. Furthermore, this statistical market research
repository examines and estimates the hair care market at the global and regional levels.
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Market Overview
Hair care is
an overall 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 according to an individual's culture and the physical
characteristics of one's hair. In addition, hair care products come under the
category of cosmetics and personal care products. Hair care products assist men
and women in maintaining the health and cleanliness of their hair while also
protecting it from injuries. Moreover, the range of products available in the
market for various applications depends on the type of hair. In recent years,
the demand for hair care has risen dramatically due to the rising awareness
among consumers of their hygiene, and lifestyle. For instance, in October 2021,
Lov'n Ur Hair launched an all-natural hair growth system that
promotes growth, health, education, and long-lasting results. For individuals
who anticipate positive returns from careful investments, a hair care system
experience.
The Hair Care Market is expected to grow at a steady rate of around 4.50% owing to the increasing rise in the demand
for hair color products, changing lifestyles, hairstyle trends, and the rise in
the aging population coupled with increasing air pollution is affecting the quality of hairs. Major companies in the market offer hair care for consumers with technologically
advanced features. For instance, In July 2021, Adon
Hair Care Clinic, an India-based hair transplant brand, launched Grow dense
Hair Serum, which is approved by the FDA and designed for hair and scalp care.
Some of the major players operating in the market include Amway Corporation, L'Oréal S.A., Henkel, Procter &
Gamble Co., Unilever plc, Kao Corporation, Oriflame Holding AG, Revlon Inc., Avon Products Inc., Johnson &
Johnson.
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COVID-19 Impact
Due to travel
limitations and the projected dismal financial performance of market players in
2020, the spread of the COVID-19 pandemic has hurt the hair care industry. Supply chain
execution, regulatory and policy changes, labor reliance, working capital management, and liquidity and
solvency management are all major concerns for hair care product
manufacturers. Since the COVID-19 epidemic has considerably diminished by
the beginning of 2021, a lot of businesses are resuming operations. In addition, the hair
care market seems to have a moderate impact on the market. Many other options were adopted during the face such as home remedies or do-it-yourself
making of products. India, which is known for its home remedies is controlling the global cosmetic industry. India's supply shortages have triggered a chain reaction
throughout the world.
The global hair care market report is studied thoroughly with several aspects
that would help stakeholders in making their decisions more curated.
Based on product type, the market is segmented into shampoo, hair
colorant, conditioner, hair styling product, and hair oil. The shampoo category
is to witness higher CAGR during the forecast period owing to its different
hair enrichment content, which includes vitamins, botanical extracts, minerals,
oils, and other ingredients that assist stimulate hair growth from the scalp
follicles. The changing consumer perception toward organic products, coupled
with the growing utilization of environmentally sustainable products, has
fueled the demand for naturally derived products. In addition, with the use of
shampoos consumers can remove the unwanted buildup without shedding hair or
sebum. Furthermore, the entry of global players into emerging markets
adds to the growth of the market. For instance, Atulya, the highly acclaimed
brand of Beacon Bio Life Sciences Private Limited, has launched its new Veg
Keratin and Wheat Protein range of products, which includes hair shampoo, hair
conditioner, hair oil, and hair mask.
On the basis of distribution channel, the market is categorized into
supermarkets/retail stores, salons, e-commerce, pharmacies, specialty stores,
and others. Among these, the supermarkets/retail stores to hold a significant
share in the market in 2020. This is mainly due to the availability of a wide
range of goods under a single roof, eliminating the need to browse in multiple
stores. Similarly, the consumers' ability to physically see the item reduces
the chance of purchasing counterfeit goods. In addition, supermarkets/ retail
stores are working as the biggest distribution channel due to changes in living
standards and shifts in consumers' buying behavior.
Have a Look at the Chapters
Hair Care Market Geographical Segmentation Includes:
North America (U.S., Canada, and Rest of North
America)
Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
Rest of the World
Asia-Pacific is anticipated to
grow at a substantial CAGR during the forecast period. This is mainly due to the rising awareness about personal hygiene and well-being along with the
gradually increasing disposable income levels and standards of living. Furthermore,
hair care has always been a top priority for both men and women. Over 30% of
men and around 22% of women, globally, prioritize hair care over skin, face,
and physique. In addition, the countries like China, South Korea, Japan,
and others are showing rapid progress due to which consumers in these regions
experience extreme air pollution will lead to the cleaning of hair. Also, major players in the market continue to invest in launching new products for hair care. For instance, Adon Hair Care
Clinic, an India-based hair transplant firm, launched Growdense Hair Serum in July
2021, which is FDA-approved and developed for hair and scalp care. This serum
treats hair loss problems without any side effects and helps in hair regrowth.
Click here to view the Report Description & TOC: https://univdatos.com/reports/hair-care-market
The major players targeting the market include
Amway Corporation
L'Oréal S.A.
Henkel
Procter & Gamble Co.
Unilever plc
Kao Corporation
Oriflame Holding AG
Revlon Inc.
Avon Products Inc.
Johnson & Johnson
Competitive Landscape
The degree of
competition among prominent global companies has been elaborated by analyzing
several leading key players operating worldwide. The specialist team of
research analysts sheds light on various traits such as global market
competition, market share, most recent industry advancements, innovative
product launches, partnerships, mergers, or acquisitions by leading companies
in the hair care market. The major players have been analyzed by using research
methodologies for getting insight views on global competition.
Key questions resolved through this analytical market
research report include:
• What are the
latest trends, new patterns, and technological advancements in the hair care market?
• Which
factors are influencing the hair care market over the forecast
period?
• What are the
global challenges, threats, and risks in the hair care market?
• Which
factors are propelling and restraining the hair care market?
• What are the
demanding global regions of the hair care market?
• What will be
the global market size in the upcoming years?
• What are the
crucial market acquisition strategies and policies applied by global companies?
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