Press release
Hair Preparations Market: Key Drivers, Analysis, Trends, Overview, and Forecast to 2033
Hair Preparations Market
Hair Preparations Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $210 billion In 2028 At A CAGR Of 8.8% :
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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Hair Preparations Market Major Segments
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
Key Driver - Air Pollution Fueling The Growth Of The Hair Preparations Market
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.
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Prominent Trend - Growing Preference For Natural Hair Preparation Products
Consumers are increasingly preferring natural ingredient products in the hair preparation market. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying natural products. Haircare product manufacturing companies are focusing on the development of natural-ingredient products due to rising concerns of allergic reactions and hair and scalp problems caused by using synthetic ingredients.
Hair Preparations 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, 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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the hair preparations market in 2023. Western Europe was the second-largest region in the global hair preparations market. The regions covered in the hair preparations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hair Preparations Market Report Structure
3. Hair Preparations Market Trends And Strategies
4. Hair Preparations Market - Macro Economic Scenario
5. Hair Preparations Market Size And Growth
…..
27. Hair Preparations Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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