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Professional Hair Care Market Expected to Reach $23,601 Million, Globally, By Top Key Players: L'Oreal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc.,

04-11-2019 09:42 AM CET | Advertising, Media Consulting, Marketing Research

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.

Nowadays, numerous consumers are more concerned about the hair aesthetics and scalp nourishment. There is an increase in demand for hair styling, dyeing, straightening and other hair treatments by the consumers without compromising the hair and scalp health. These factors have significantly increased the demand for professional hair care products thereby spurring the professional hair care market.

The growth of the global professional hair care market is driven by fluctuation in hair style trends, rapid increase in disposable income, population growth, and rise in air pollution across the world. Moreover, increase in use of professional hair care products in developed regions and growth in adoption of organic ingredients are expected to create a lot of opportunities for the hair coloring products, and shampoo manufacturers to create a mass customer base. However, the high cost of such premium and professional products, and involvement of hazardous chemicals to soften hair hampers the global professional hair care market.

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The global professional hair care market is segmented based on product type, distribution channel, and geography. Based on product type, the professional hair care market is classified into hair coloring, shampoo, styling agent, and straightening and perming product. Shampoos generated the maximum revenue in 2017, and is expected to remain dominant throughout the analysis period, as shampoos are tailored according to variations associated with hair quality, age, hair care preferences, and specific scalp related problems, which significantly increases the demand for shampoos.

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.

Key Findings of the Professional Hair Care Market:

• In terms of value, the hair coloring is expected to grow at the fastest CAGR of 4.6% during the forecast period.
• The salons distribution channel accounted for the maximum share in 2017 and is likely to remain dominant throughout the period, 2018-2024.
• North America is expected to dominate the professional hair care market, registering a CAGR of 3.6% in terms of value.
• Asia-Pacific is projected to show exponential growth throughout 2024, registering a CAGR of 5.5%, in terms of value.
• In the global professional hair care market, India is expected to grow at a CAGR of 6.8%.

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)
FIGURE 37. SOUTH KOREA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 38. REST OF ASIA-PACIFIC PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 39. BRAZIL PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 40. UAE PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 41. SAUDI ARABIA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 42. TURKEY PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 43. SOUTH AFRICA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 44. REST OF LAMEA PROFESSIONAL HAIR CARE MARKET, 2017-2024 ($MILLION)
FIGURE 45. AVON PRODUCTS, INC.: REVENUE, 2015–2017 ($MILLION)
FIGURE 46. AVON PRODUCTS, INC.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 47. L'OREAL SA: REVENUE, 2015–2017 ($MILLION)
FIGURE 48. L'OREAL SA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. L'OREAL SA: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 50. PROCTER & GAMBLE COMPANY: REVENUE, 2015–2017 ($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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