Hair Care Market 2018 to 2023 Along with Unilever, L’ORÉAL, Shandong Baisheng Biotechnology Co., OLVEA Group, Oriflame Cosmetics AG, etc. by MRFR – till 2023

Market Research Future announced a cooked research report with titled “Global Hair Care Market Research Report - By Major Industry Trends, Worldwide Business Analysis, Major Segments and Sub segments. Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.

Hair Care Market - Overview:

The Global Hair Care Market is set to grow from USD 69,786.3 million in 2016 to USD 87,654.5 Million in 2023. This projects that the market will expand at a modest rate during the forecast period. Expanding hair and beauty industry is growing the exploitation of hair care products and is creating growth opportunities for suppliers and manufacturers of Hair care products. Market players are expanding their operations in developing countries such as China and India, as the hair care industry in these countries are witnessing a boom.

Request Premium Sample Copy at https://www.marketresearchfuture.com/sample_request/6020

A variety of products are available in the global haircare market. On the basis of product, the market is segmented into hair styling, shampoo, hair colorant, conditioners, and hair oil. Under the shampoo segment, the major products offered in the market are inclusive of botanical/herbal, vitamin/mineral fortified, and moisturizing/ hydrating shampoos. Shampoos have been popular in the hair care market. This can be attributed to their dual function of cosmetology and therapeutics. A variety of the shampoos available in the market performs both the cleansing of hair as well as can also be used for the treatment of conditions like dandruff. Thus, the shampoo segment held the largest market in 2016 and is estimated to reach USD 30,780.1 million by 2023 from USD 24,164.4 million in 2016.

However, the use of chemicals in hair care products such as shampoos, colorants, and others is estimated to restrain the market growth during the forecast period.

Competitive Analysis:

Unilever

L’ORÉAL

Shandong Baisheng Biotechnology

OLVEA

Oriflame Cosmetics, etc.

Hair Care Market - Segmentation

The global Hair Care market is segmented by product, application, gender, distribution channel and end-user.

By product, the Hair Care Market is segmented into hair styling, shampoo, hair colorant, conditioners, and hair oil. By application, the market is categorized into hair treatment and scalp treatment. On the basis of gender, the market is segmented male, female. By distribution channel, the market is segmented into hypermarkets, e-commerce, and pharmacies. By end-user, the market is segmented into home care, salons

Regional Market Summary:

The global hair care market, on the basis of region, is divided into the Americas, Europe, Asia Pacific, and the Middle East and Africa. Europe accounted for the largest market share of about 34.5% in the global hair care market. The large share is majorly attributed due to the presence of developed economies like U.K, Italy, & others, and growing cosmetic industries, and within the region.

Get Prime Discount at https://www.marketresearchfuture.com/check-discount/6020

Americas accounted for the second largest market share whereas Asia Pacific is expected to grow at the fastest CAGR of 3.81% during the forecast period. The presence of huge opportunities and continuously developing economies drive the market within the region. The Middle East and Africa with the presence of low-income countries accounted for the least market share in 2016.

Further, the global GDP followed a rough course from the year 2014 to 2016. As a result, the global growth is expected to increase by 3.6% by the end of 2018. Followed by this, the total share of disposable income being spent on personal care products is also increasing. Personal care spending in North America showcased a positive growth due to increasing disposable income.

According to the United States Census Bureau, the median household income in the U.S. increased by 2.4% from 2015 to 2016. Moreover, it was estimated that the median household income was USD 57,617 within the U.S. in 2016. Europe also showed positive growth in the disposable household income from 2016-2017. According to the Office for National Statistics, the median disposable household income in the U.K. was about USD 33,787 in the fiscal year 2017.

This suggested an increase of 2.3% from the previous year. Cosmetic spending in the Asia Pacific region also expanded in 2016 due to positive growth in the regional disposable income and changing lifestyle. According to the Indian Brand Equity Foundation in 2017, India’s rural per capita disposable income was estimated to increase and reach USD 631 by 2020 with a CAGR of 4.4%. Rapid growth in cosmetic expenditure is expected in the Middle East & Africa region due to growing penetration of the cosmetic industries and rising per capita income within the region.

Inquire more about this Report at https://www.marketresearchfuture.com/enquiry/6020

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.