Press release
Hair and Care Market will reach USD 133879.6 million by 2029
A systematic discussion in the top notch Hair and Care report is sure to facilitate client in studying the market on competitive landscape and has analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, and applications globally while considering the past, present, and future state of the industry. This report designates a professional and all-inclusive study of the market which focuses on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. Market drivers and market restraints included in the winning Hair and Care market report gives idea about the rise or fall in the consumer demand for the specific product depending on several factors.Hair and Care market survey report makes available an actionable market insight to the clients with which they can create sustainable and profitable business strategies. The market report presents painstaking description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. According to this market report, new highs will take place in the Hair and Care market in 2022 - 2029. The market research report is an utter outline of the Healthcare industry which is penned down so that an unskilled individual as well as professional can easily extrapolate the entire Hair and Care market within few seconds.
Shampoos is predicted to have a significant market share because 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. Furthermore, many customers' frequent use of shampoo is likely to raise the segment's demand. Data Bridge Market Research analyses that the hair and care market was valued at USD 85147.58 million in 2021, and will reach USD 133879.6 million by 2029, and is expected to grow at a CAGR of 5.82% during the forecast period of 2022 to 2029.
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Market Definition
To manage hygiene and treat hair-related issues, hair and care products are used. Hair care products are primarily used to remove filth, dandruff, and oil from the hair and scalp, as well as to repair damaged hair and control moisture levels. Hair care products are usually made by mixing a surfactant like sodium lauryl sulphate or sodium Laureth sulphate with a co-surfactant such as Cocamidopropyl betaine in water
Hair and Care Market Dynamics
Drivers
Rise in the hair related problems
Growing cases of hair loss and the increasing incidence of various hair-related ailments. According to a 2018 study published in the Journal of Clinical and Diagnostic Research, 60.3% of working-class men have hair loss issues, while 17.1 percent have dandruff issues.
Increase in the popularity in the fashion industry
Several industry trends have emerged, including the increased popularity of hair care procedures such as hair spas and deep nutrition.
Technological development in product manufacturing
The number of product launches is increasing, as is the growing number of company mergers and acquisitions.
Opportunities
In addition, the rise in the demand for professional products and shift in the grooming patterns mainly among the male customers are further estimated to provide potential opportunities for the growth of the hair and care market in the coming years.
Recent Development
In October 2021, to strengthen and broaden their existing strategic cooperation, L'Oreal and Symatese announced the signing of additional long-term research and development agreements in the field of biomaterials.
In October 2020, Procter & Gamble Co. has introduced a refillable pouch and a 100 percent reusable aluminium bottle across all of its haircare products. The refill pouch is manufactured with 60% less plastic and is 100% recyclable. The new packaging technique is part of P&G's goal of reducing virgin petroleum plastic usage by half by 2030.
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Global Hair and Care Market Scope and Market Size
The hair and care market is segmented on the basis of product and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Hair Colorants
Hair Spray
Shampoos
Conditioner
Hair Loss Treatment Products
Hair Styling Products
Perms and Relaxants
On the basis of product, the hair and care market is segmented into hair colorants, hair spray, shampoos, conditioner, hair loss treatment products, hair styling products, perms and relaxants.
Distribution Channel
Direct Selling
Hypermarkets /Supermarket
Retail Chains
Online Stores
Pharmacies/ Drug Stores
Convenience Stores
Other Distribution Channels
On the basis distribution channel, the hair and care market is segmented into direct selling, hypermarkets /supermarket, retail chains, online stores, pharmacies/ drug stores, convenience stores, other distribution channels.
Hair and Care Market Regional Analysis/Insights
The hair and care market is analysed and market size insights and trends are provided by country, product and distribution channel as referenced above.
The countries covered in the hair and care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hair and care market due to the rise in the product visibility across multi-retail outlets. Furthermore, the presence of large multinational companies concentrating their attention on providing superior quality hair care products including styling products, conditioner, color, and shampoo will further boost the growth of the hair and care market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the hair and care market due to the rise in the internet penetration and push of e-commerce companies. Moreover, the growing usage of premium hair care products is further anticipated to propel the growth of the hair and care market in the region in the coming years.
Some of the major players operating in the hair and care market are:
Shiseido Company (Japan)
Johnson & Johnson Private Limited (India)
Unilever (UK), Amway (US)
Procter & Gamble (US)
L'Oréal S.A. (France)
Revlon Group (US)
Beiersdorf AG (Germany)
Natura & CO (South America)
Conair Corporation (US)
Goody Products, Inc. (US)
Yves Rocher (France)
Kao Corporation (Japan)
Marico (India)
Aveda Corporation (US)
Henkel AG (Germany)
Combe Incorporated (US)
AVON PRODUCTS (UK)
OLAPLEX. (US)
Pai-Shau (Canada)
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Goals and objectives of the Hair and Care Market Study
• Understanding the opportunities and progress of Hair and Care market highlights, as well as key regions and countries involved in market growth.
• Study the different segments of the Hair and Care market and the dynamics of Hair and Care in the market.
• Categorize Hair and Care segments with increasing growth potential and evaluate the futuristic segment market
• To analyze the most important trends related to the different segments that help to decipher and convince the Hair and Care market.
• To verify region-specific growth and development in the Hair and Care market.
• Understand the key stakeholders in the Hair and Care market and the value of the competitive image of the Hair and Care market leaders.
• To study key plans, initiatives and strategies for the development of the Hair and Care market.
How DBMR is different than other Market Research Providers:
The inception of DBMR has been backed by providing clients with a holistic view of market conditions and future possibilities/opportunities to reap maximum profits out of their businesses and assist in decision making. Our team of in-house analysts and consultants works tirelessly to understand your needs and suggest the best possible solutions to fulfill your research requirements.
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