Press release
Hair Care Products Market Status Review and Future Scenarios Overview 2024 - 2031 | L'Oréal S.A., Beiersdorf AG, Procter & Gamble (P&G)
Hair Care Products Market
The hair care products market is estimated to be valued at USD 99.47 Bn in 2024 and is expected to reach USD 124.01 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Market Dynamics:
The hair care products market is witnessing high growth owing to increasing demand for natural and organic hair care products. Consumers are increasingly preferring herbal and chemical-free hair care solutions to avoid issues like hair fall and dandruff. Furthermore, rising disposable incomes and growing attention towards personal grooming among millennials are also fueling the sales of premium hair care products. Growing e-commerce industry has made various hair care products accessible to consumers across remote locations, thereby supporting the market growth during the forecast period.
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Market Drivers
Increasing Disposable Income and Changing Lifestyle
With the increasing disposable income of consumers all over the world due to improving economic conditions, people are able to spend more on personal care and grooming products such as hair care products. Rising urbanization and changing lifestyles also encourage greater usage of hair care products for styling and conditioning purposes. Consumers now prefer premium hair care products that can add shine, smoothness and protection to their tresses. Product innovations like dry shampoos, keratin serums etc have further boosted the sales of hair care in recent years.
Market Opportunity
Rising Demand for Natural and Organic Hair Care Products
Due to increasing health consciousness, consumers are seeking hair care products made from natural ingredients that are gentle on the scalp. There is a rising demand for organic, preservative-free, colorant-free hair care products with no harsh chemicals. Manufacturers see opportunity in the premium natural segment and are launching natural hair oils, herb-based shampoos, Ayurvedic hair masks etc. Online wellness platforms promote organic brands. This consumer shift towards natural products without compromising on performance presents a lucrative opportunity for natural hair care product companies.
Market Trends
Sustainability and Eco-Friendly Packaging Trend
Many hair care brands are embracing sustainable practices and opting for eco-friendly packaging in response to the global call for reducing plastic waste. Recycled plastic bottles, concentrated formulations in cardboard packs, Leave-in conditioners in tubes instead of jars are some of the packaging innovations. Brands promote their commitments to sustainability through deforestation-free sourcing of ingredients and carbon footprint reduction initiatives. This growing trend aligns with consumer advocacy of brands that demonstrate social responsibility. Sustainability became an important attribute of brand positioning and equity that appeals to the new generation of consumers.
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Top Companies Featured in This Report:
★ L'Oréal S.A.
★ Beiersdorf AG
★ Procter & Gamble (P&G)
★ Unilever
★ Johnson & Johnson Services Inc.
★ Amorepacific
★ The Estée Lauder Companies Inc.
★ Kanebo Cosmetics Inc.
★ Himalaya Global Holdings Ltd.
★ Shiseido Co., Ltd.,
★ Lotus Herbals Pvt. Ltd.
★ Natura & Co.
★ Moroccanoil
★ The Estee Lauder Companies Inc.
★ Perse Beauty Inc.
★ John Master's Organic
★ Vogue International LLC (OGX)
★ Real Purity Inc.
★ Essential Care (Organics) Ltd.
★ Rahua Classics
★ Natulique
★ Art Naturals
Market Segmentation:
By Product Type:
★ By Product Type: Shampoo , Conditioner & Mask , Hair Oil , Hair Gels , Hair Color , and Others (Serum, Comb, etc.)
★ By Distribution Channel: Hypermarket & Supermarket , Pharmacy & Drug Stores , Specialty Store , Online , 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)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Hair Care Products Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Hair Care Products Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Hair Care Products Market?
📈 How does the market share of Hair Care Products Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Hair Care Products Market?
📈 Which segment of the Hair Care Products Market is experiencing heightened demand?
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 Hair Care Products 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.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/1396
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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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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