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Hair Preparations Market 2033: Trends, Growth, and Business Insights || L'Oreal S.A The Procter & Gamble Company Unilever Plc Natura & Co Henkel AG & Co KGaA
Hair Preparations Global Market Report 2024
The Business Research Company presents an extensive market research report on the Hair Preparations Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The hair preparations market size has grown strongly in recent years. It will grow from $137.5 billion in 2023 to $149.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to large marketing campaigns for hair care products, increasing government initiatives, increased disposable income, and increasing hair related problems.
The hair preparations market size is expected to see strong growth in the next few years. It will grow to $210 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing number of spa and salon services, rising beauty concerns, and growing aging population base. Major trends in the forecast period include launching vegan hair preparations, focus on undergoing partnerships, launching silicone and sulphate-free products, and introducing products with sustainable packaging to improve their product offerings and to stay competitive in the market.
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Key Market Players:
Major companies operating in the hair preparations market report are L'Oreal S.A, The Procter & Gamble Company, Unilever Plc, Natura & Co, Henkel AG & Co KGaA, Johnson & Johnson, The Estee Lauder Companies Inc, Revlon Inc, BASF SE, Kao Corporation, New Avon LLC, Dabur Ltd, Amway Corporation, Co Inc, Avon Products, Inc., Combe Inc, Goody Products Inc, Shiseido Group, Mandom Corp, Amorepacific Corporation, LG Household & Health Care Ltd, AEKYUNG Industry Co., Ltd., Beirsdorf AG, Mintel International Group, CHI Haircare, FFOR Ltd, Willow Hair, Schwarzkopf Professional, OSMO, Fudge professional, Davines S.p.A, Oriflame Cosmetics AG, K&D, NMGK Group of Companies, ELFARMA LTD, Phyto, Lierac, Wilson's Chemical Innovations Inc, Vitacare Labs Inc, Oneka Elements, Coty Inc, Grupo Boticário, Huda Beauty, Cosmo Cosmetics, Spa Cosmetics, MCH Cosmetic, Amka Products Pty Ltd
Market Drivers:
The rising level of air pollution is expected to drive the demand for hair preparations. For instance, according to the air pollution data 2022 by IQ Air, a Swiss air quality technology company, the top 10 countries with the worst air pollution in 2022 included Chad, Iraq, Pakistan, Bahrain, Bangladesh, Burkina Faso, Kuwait, India, Egypt, Tajikistan. In addition, according to a blog article by Kent, an Indian healthcare products and home appliances company, by 2030, if air pollution is not controlled, the air quality will worsen to a level where there will be a need for oxygen kits to breathe easily. Therefore, the rising level of air pollution is expected to increase the demand for hair care products in the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hair-preparations-global-market-report
The hair preparations market covered in this report is segmented -
1) By Type: Hair Spray, Conditioner, Shampoo, Hair Oil, Hair Color, Other Types
2) By Gender: Male, Female, Unisex
3) By Based On Type: Organic, Chemical
4) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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