Hair Care Market Size, Price, Demand, Growth, Revenue Statistics and Forecast 2020-2025

A new research report titled “Hair Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” by IMARC Group estimates that the market reached a value of US$ 91 Billion in 2019. Hair care forms one of the most important parts of the day-to-day beauty regime. There are several products that are being manufactured in order to maintain healthy hair. These products are made up of natural or synthetic ingredients including agents, emulsifiers, preservatives and surfactants. Hair care products are extensively used by individuals as well as professionals in salons for the purpose of preventing damage, and enhancing texture and quality of hair. Looking forward, IMARC Group expects the hair care market to exhibit moderate growth during 2020-2025.

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Global Hair Care Market Drivers/Constraints:
The rising trend of personal care and grooming coupled with the growth in the organised retail sector has facilitated the demand for hair care products, particularly in developing regions.

Market Breakup by Styling Product:
• Gels
• Dyes
• Serums
In order to formulate more effective and safer products, manufacturers are engaging in increasing number of activities related to research and development which, in turn, is contributing towards the market growth.

Market Breakup by Product Type:
• Shampoo
• Hair Color
• Conditioner
• Hair Styling Products
• Other
On the basis of type, there are a large number of hair care products available in the market for the varying needs of the consumers. There has also been a rise in the aging population across various developed nations such as the United Kingdom and the United States, which has created a huge opportunity for the sales of hair products.

Market Regional Summary:
On a geographical front, North America enjoys a leading position in the global hair care market. This is due to the increasing male grooming and a high demand for hair treatment or scalp treatment products in the region. Other major markets include Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:
• Kao Corporation
• L’Oréal
• Procter & Gamble
• Unilever
• Johnson & Johnson

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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