Press release
Professional Hair Care Market Set to Expand at a Staggering 5.6% CAGR, Reaching USD 52.87 Bn by 2031
Professional Hair Care Market
The global professional hair care market is estimated to be valued at USD 36.18 Bn in 2024 and is expected to reach USD 52.87 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Market Dynamics:
The professional hair care market is witnessing high growth owing to rising demand from the millennial population for premium hair care products. The increasing disposable income of consumers has also boosted the spending on hair care treatments and styling. Additionally, the rising prevalence of hair problems such as dandruff, dryness, and hair fall due to pollution, changing lifestyles, and stressful routines has augmented the demand for professional hair care products offering nourishment and protection to the scalp and hair. Product innovation in terms of ingredients and formulations catering to specific hair types is further expected to drive the market growth over the forecast period.
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Rising Focus on Hair Styling and Coloring Treatments
Due to increasing fashion trends and changing hairstyles, the demand for advanced hair styling and coloring treatments among consumers is high. This drives more clients to visit salons for treatments like hair straightening, perming, hair coloring, hair highlighting etc. Advanced hair treatment products containing premium ingredients effectively address styling and coloring needs. Leading brands offer extensive hair treatment product ranges catering to changing consumer preferences and techniques adopted by professionals.
One Major Market Opportunity for the Professional Hair Care Market
Growing Demand in Emerging Markets
The professional hair care market in emerging countries offers significant growth opportunities. Countries like India, China, Brazil, Mexico etc. are witnessing rising disposable incomes and growing middle class. Their increasing interest in advanced hair treatments, along with rapid expansion of salons and beauty services creates strong demand. International brands witnessing growth momentum in developed countries are keen on penetrating emerging markets. If they tailor affordable product ranges and marketing strategies as per the requirements of these markets, sizable profits can be generated. Partnering with local salon chains helps establish strong distribution networks in emerging geographies.
One Key Trend Influencing the Professional Hair Care Market
Rising Focus on Natural and Organic Products
Growing health and environmental concerns have increased the demand for natural and organic hair care products. Consumers are inclined towards ingredients sourced from natural plants and herbs without the use of harsh chemicals. Salon professionals too prefer using products containing natural actives that effectively treat hair problems without side effects. Leading brands are responding to this trend by launching natural and organic product lines developed using plant-based oils, botanical extracts and essential oils. They promote their natural positioning through marketing campaigns highlighting ingredients and eco-friendly packages. This growing focus on natural ingredients will drive innovations in the professional hair care market space.
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Top Companies Featured in This Report:
★ L'Oréal Group
★ Procter & Gamble
★ Henkel AG & Co. KGaA
★ Unilever
★ Estée Lauder Companies Inc.
★ Kao Corporation
★ Revlon Inc.
★ Coty Inc.
★ Shiseido Company
★ Limited
★ Amway Corporation
★ Fable & Mane
★ Aveda Corporation
★ Avon Products Inc
★ Johnson & Johnson
★ Natura & Co.
★ Professional Hair Labs
★ PLZ Corp
Market Segmentation:
By Product Type:
★ By Product Type: Hair Coloring, Shampoo, Styling Agent, and Straightening & Perming Product
★ By Distribution Channel: Business to Business (B2B) and Business to Consumer (B2C) (Hypermarkets/Supermarkets, E-commerce, Salons, Specialty Stores, and Others)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Professional Hair Care Market Competition Landscape by Players
Chapter 4: Assessment of Professional Hair Care Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Professional Hair Care sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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