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Professional Hair Care Market Growing at a CAGR of 4.1% - In -Depth Analysis of Leading Players L'Oreal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc.,

02-11-2019 05:35 PM CET | Fashion, Lifestyle, Trends

Press release from: Allied Market Research

Professional Hair Care Market

Professional Hair Care Market

According to a new report published by Allied Market Research titled, "Professional Hair Care Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2024," the global professional hair care market was valued at $18,072 million in 2017, and is expected to reach $23,601 million by 2024, registering a CAGR of 4.1% from 2018 to 2024. North America dominated the global market in 2017, accounting for more than one-third share of the total revenue.

Wide availability of products and premium brands in the developed regions has propelled the consumption of professional hair care products. Additionally, increase in air pollution in the developed regions and its adverse effects on hair and scalp of the consumers has exponentially increased the demand for professional hair care products in developed regions.

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The adoption of professional hair care therapies and products in the world has increased over the last four to five years, because of the rapid increase in the disposable income of consumers. The use of professional products ensures damage-free scalp and hair, which further enhances the overall personality and thus, confidence of a person. This has resulted in the growth of the global professional hair care market.

The professional hair care market size is witnessing notable growth across the world. This is attributed to the consumers following the celebrities and various leaders, and presence of a substantial number of youth population on social media platforms, which exposes them to the changing hairstyle trends and grooming methods. The wide fluctuations in hair styling trends are driving the global professional hair care market. Also, the popularity of the do it yourself" hair styling trend among consumers has drastically increased the consumption of professional hair care products in the developed markets.

Geographically, the professional hair care market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue in 2017. The market growth in North America is driven primarily by innovations in the emerging professional hair care products such as dry shampoo, professional smoothing conditioner, dye protecting agents, and dry hair styling products. Despite the 2008 recession in the U.S, the professional hair care market witnessed exponential growth in this country, which has continued till date.

The prominent players operating in the global professional hair care market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the global professional hair care industry include L'Oreal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc., Olaplex, and Pai Shau.

Analyst Review:

Professional hair care products are witnessing a significant adoption across the millennial and urban population as the use of professional and salon products ensures a healthy scalp. The demand for these professional hair care products is on the rise owing to growth in population, surge in disposable income, and increase in air pollution across the world.

Improvement in the economic condition and growth in disposable income are substantial factors that impelled the growth of the professional hair care market. Additionally, people who are conscious about scalp condition, hair styling, and hair color, to enhance their appearance, have started giving preference to professional hair care products. Professional hair care products contain high quality ingredients and provide better results than alternative counterparts. Owing to an inflated cost of these products, people with high disposable income mostly prefer professional hair care products that augments the global professional hair care market.

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Based on product type, hair coloring products are likely to grow at the fastest rate. Hair coloring is an artificial coloring agent used to modify or completely change the natural hair color. Nowadays, hair dying is no more considered as an anti-aging hair treatment, owing to increase in popularity of hair highlighting and coloring trend among the young population. Hair fashion trends and evolving consumer lifestyles drive the demand for hair dying products. The need among ageing consumers for constant coloring/dying of grey hair, fuels the demand for the hair coloring component in the global professional hair care industry.

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR, 2016–2018*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2018* (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY, 2016–2018*
FIGURE 07. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 08. LOW BARGAINING POWER OF BUYER
FIGURE 09. LOW THREAT OF NEW ENTRANTS
FIGURE 10. LOW THREAT OF SUBSTITUTE
FIGURE 11. MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 12. TOP PLAYER POSITIONING, 2017
FIGURE 13. PROFESSIONAL HAIR CARE MARKET, BY PRODUCT TYPE, 2017 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF HAIR COLORING IN PROFESSIONAL HAIR CARE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF SHAMPOOS IN PROFESSIONAL HAIR CARE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF STYLING AGENTS IN PROFESSIONAL HAIR CARE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF STRAIGHTENING AND PERMING PRODUCTS IN PROFESSIONAL HAIR CARE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 18. PROFESSIONAL HAIR CARE MARKET, BY DISTRIBUTION CHANNEL, 2017 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM HYPERMARKETS, BY COUNTRY, 2017 & 2024 (%)
FIGURE 20. ONLINE EXPENDITURE PER E-SHOPPER (YEAR 2015)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM E-COMMERCE, BY COUNTRY, 2017 & 2024 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM SPECIALTY STORE, BY COUNTRY, 2017 & 2024 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM PHARMACIES, BY COUNTRY, 2017 & 2024 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM SALON, BY COUNTRY, 2017 & 2024 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL HAIR CARE MARKET FROM OTHERS, BY COUNTRY, 2017 & 2024 (%)
FIGURE 26. PROFESSIONAL HAIR CARE MARKET, BY REGION, 2017 (%)
FIGURE 27. U.S. PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 28. CANADA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 29. MEXICO PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 30. UK PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 31. GERMANY PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 32. FRANCE PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 33. REST OF EUROPE PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 34. CHINA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 35. INDIA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 36. JAPAN PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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