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Hair Care Stores Market Analysis, Growth, Trends, Key Players, Forecast To 2033
Hair Care Stores Market Analysis
As per the report, the hair care stores market size has grown strongly in recent years. It will grow from $164.18 billion in 2023 to $177.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The hair care stores market size is expected to see strong growth in the next few years. It will grow to $234.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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Rising Hair And Scalp Problems Fuel Growth In Hair Care Stores Market
Increasing hair and scalp problems are driving the growth of the hair care stores market going forward. Hair and scalp problems cover a wide range of conditions that can have an impact on the condition and look of the hair and scalp. The wide range of goods and services available in hair care shops are all intended to support healthy hair and scalp. These products include shampoos, conditioners, hair oils, and treatments that focus on specific hair issues including dandruff, hair loss, or dryness. Hence, an increase in hair and scalp problems boosts the demand for hair care stores and their products. For instance, in April 2022, according to the International Society of Hair Restoration Surgery (ISHRS), a US-based non-profit medical organization responsible for hair loss treatment and restoration, the nonsurgical treatments including oral finasteride, topical minoxidil, and platelet-rich plasma (PRP) that are commonly used to address hair and scalp problems, increased by 14% in 2021 compared to 2019. Therefore, increasing hair and scalp problems is expected to propel the growth of the hair care stores market.
Technological Advancements In The Hair Care Stores Market
Technological advancements have emerged as the key trend gaining popularity in the hair care stores market. Major companies operating in the hair care stores market are developing advanced technologies to sustain their position in the market. For instance, in March 2022, Revieve Oy, a Finland-based beauty technology company, introduced AI Haircare Advisor, created in partnership with the Living Proof haircare line by Unilever plc, a UK-based consumer goods company. Revieve's AI Haircare Adviser empowers clients to understand and care for hair with user input, unique mobile selfie diagnostics for hair, and AI-powered personalized recommendations. Customers can submit their issues and expectations for a haircare routine in the AI Haircare Adviser experience. Customers can take a picture, which is then examined using patented mobile selfie diagnostics to assess the state of many hair parameters like hair type, volume, curl type, color, and others.
The hair care stores market covered in this report is segmented -
1) By Product: Hair Colorants, Shampoo, Conditioner, Hair Oil, Other Products
2) By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, Online Stores, Other Distribution Channels
3) By Application: Hair Treatment, Scalp Treatment
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Major companies operating in the hair care stores market report are L'Oréal S.A., Unilever plc, Johnson & Johnson Private Limited, Kao Corporation, Henkel AG & Co. KGaA, Amway, Oriflame Cosmetics AG, Procter & Gamble Company, Beiersdorf AG, Coty Inc, Natura & Co, Aveda Corporation, Shandong Baisheng Biotechnology Co. Ltd, Goody Products Inc., Neutrogena Corporation, Sally Beauty Holdings Inc., Ulta Beauty Inc., Superdrug Stores plc, Boots UK Limited, Sephora, A.S. Watson Group, Guardian Health and Beauty, Planet Beauty, Trade Secrets, Beauty Brands, CosmoProf, SalonCentric, Madison Reed, Regis Corporation, Great Clips, Supercuts, Ratner Companies L.C., Fantastic Sams, Sport Clips, First Choice Haircutters, SmartStyle, MasterCuts, HairMasters, Cost Cutters, BoRics, Magicuts, Style America, Holiday Hair, Hairhouse Warehouse, Ricky's NYC .
Contents of the report:
1. Executive Summary
2. Hair Care Stores Market Report Structure
3. Hair Care Stores Market Trends And Strategies
4. Hair Care Stores Market - Macro Economic Scenario
5. Hair Care Stores Market Size And Growth
…..
27. Hair Care Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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