Hair Care Market to Reach US$ 107.2 Billion by 2028 |CAGR of 4.4%

Industry Overview:

Hair care encompasses hygiene and cosmetology involving the hair which grows from the scalp and, to a lesser extent, facial, pubic, and other body hair. Hair care routines differ as per the physical characteristics of one's hair and culture. Hair care products are available commercially for home use, and services are offered in salons, barbershops, and day spas. Various products and tools are available in the market which help in taking proper care of our hair. It includes a hair dryer, hair clip, comb, hair iron, hair roller, hair clipper, hairbrush, scissors, shower cap, hair coloring, conditioner, shampoo, gel, glue, mousse, serum, spray, tonic, wax, pomade. Hair care is essential not only for our appearance but also for our overall hygiene. It boosts self-confidence, promotes healthy hair, prevents premature hair loss, and promotes overall health and well-being.

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Industry Demand:

The global market is majorly driven by the increasing number of hair-related issues. This is attributed to the fact that the senior population is more vulnerable to hair problems than the youth, which is expected to boost the demand for hair care products. In line with this, the rising number of male individuals who are experiencing hair issues such as dandruff, and hair loss is significantly contributing to the market growth. Furthermore, product innovations by the market players are positively influencing the market. For instance, the introduction of hair care products that are cruelty-free and chemical-free and made from plant-based ingredients, which protects the hair from damage and replenishes the protein for providing anti-breakage. Apart from this, the emerging trend of hair coloring and the preference for long hair among men are catalyzing the market. The rapid adoption of multiple hairstyling among men is propelling the demand for hair styling products, which is expected to contribute to the growth of the global hair care market.

Competitive Landscape with Key Players:

• KAO Group
• L'Oréal USA, Inc.
• The Procter & Gamble (P&G) Company
• Unilever PLC
• Johnson & Johnson, Inc.

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Industry Growth:

Moreover, consumers' tastes and preferences are shifting towards herbal and organic products due to the escalating awareness regarding the adverse effects of chemicals used in hair care products. This is expected to favor market growth. Besides, leading players operating in the market focus on developing and launching new haircare products to meet consumers' diverse demands based on geography, culture, and ethnicity. In addition, the widespread availability of a wide range of hair care products and distribution via supermarkets, hypermarkets, specialty stores, and online stores is providing a boost to the market expansion.

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Key segmentation:

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Retailers
• Others

Breakup by Product Type:

• Shampoo
• Hair Color
• Conditioner
• Hair Styling Products
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.