Hair Care Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030 | Kao Corp., L'oreal SA, The Procter & Gamble, inc., Unilever Group

Hair Care Market has grown exponentially and is expected to growth at a considerable CAGR of 4.1% during the forecast period. The increase in disposable income, changing lifestyle, and various hairstyle trends are major factors that are responsible for driving the market growth. Beauty services as a profession have been raised over the century from the 90s. The popularity has been further driven by the development of technological innovations which has created lucrative demand for hairstyles. Various technology advancements include novel antimicrobial materials, volume enhancement, controlled release & encapsulation of actives, stability enhancement, and fiber strengthening and thickening among others, which will accelerate the growth of the hair care market. Although, these hair treatment methods are expensive which cannot be afforded by every individual, which may hinder the growth of the hair care market.

Moreover, the major factor that contributes to the market growth is the rising hair-related problems along with the technological innovations in the manufacturing of the product. For instance, over 250 million of the Chinese population is suffering from hair loss problems. As per the survey report released in August 2019 by the China Association of Health Promotion and Education (CAHEP), men between the age group of 20 and 40 years are the major group which is suffering from hair loss issues. In addition, men are more likely to experience hair loss as compared to women. The rise in hair loss issues across the globe has accelerated the sales of shampoo by 387% in the year 2019. Majorly the shampoo helps in preventing and reducing hair loss.

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Market Coverage

• The market number available for - 2023-2030

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Product Type

· By Distribution Channel

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Kao Corp., L'oreal SA, The Procter & Gamble, inc., Unilever Group, Johnson & Johnson Services, Inc., Revlon Inc. Oriflame Holding AG, Shieseido Co. Ltd, and Amway Corp., among others.

Hair Care Market Segmentation

By Product Type

· Shampoo

· Conditioner

· Hair Oil

· Hair Colorants

· Hair Styling Products

· Others (Waxes, Paste, Mousses, Hair Treatment Products)

By Distribution Channel

· Offline

· Supermarket/Hypermarket

· Convenience Stores

· Specialty Stores

· Pharmacies/ Drug Stores

· Online

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Hair Care Market - Segmentation by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Amway Corp.

· Aveda Corp.

· Avon Products, Inc.

· Beiersdorf AG

· Conair Corp.

· Combe, Inc.

· Coty, Inc.

· Deciem Beauty Group Inc.

· FANCL Corp.

· Goody Products, Inc.

· Henkel AG & Co. KGaA

· Hoyu Cosmetics (Nederland) B.V.

· Johnson & Johnson Services, Inc.

· John Frieda (Kao USA LLC)

· KOSE Corp.

· L'oreal S.A.

· Marico, Ltd.

· MONAT Global Corp.

· Nalynna Co., Ltd.

· Natura International, Inc.

· Neutrogena Corp.

· Oriflame Holding AG

· Procter & Gamble Co.

· Revlon, Inc.

· Unilever plc

· Vogue International LLC

· Wella Operations US LLC

· Yves Rocher Amérique du Nord, Inc.

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