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Leave-In Conditioner Market Size, Trend Analysis, Share, Competitive Analysis, And Forecast To 2033
Leave-In Conditioner Market Size
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According to The Business Research Company's, The leave-in conditioner market size has grown strongly in recent years. It will grow from $2.56 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising awareness of hair care, increasing disposable income, growing aging population, growing scalp care products, and increasing demand for chemical processing.
The leave-in conditioner market size is expected to see strong growth in the next few years. It will grow to $3.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the rising youth population, rising consumer sophistication, increasing market competition, increasing consumers' preferences for health and wellness trends, and growth of e-commerce. Major trends in the forecast period include preference for vegan and cruelty-free formulations, adoption of sustainable packaging, demand for natural and organic formulations, introducing chemical-free leave-in conditioners, and product innovations.
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Market Drivers and Trends:
The rising number of hair and beauty salons is expected to propel the growth of the leave-in conditioner market going forward. A hair and beauty salon is a place that provides professional hair and beauty services, including haircuts, styling, coloring, facials, and manicures. The increase in hair and beauty salons is driven by higher demand for grooming services, more disposable income, and the influence of beauty trends on social media and celebrities. Salons often use high-quality, professional-grade leave-in conditioners with ingredients tailored to different hair concerns, such as color protection, frizz control, or added volume. For instance, in October 2023, according to the National Hair & Beauty Federation (NHBF) Limited, a UK-based trade association for hair, beauty, and salon owners, in March 2023, the number of hair and beauty businesses in the UK rose by 870, representing a 2% increase from 2022. Therefore, the rising number of hair and beauty salons is driving the growth of the leave-in conditioner software market.
Major companies operating in the leave-in conditioner market are focusing on developing innovative products, such as repair leave-in conditioners, to cater to the increasing demand for multifunctional hair care solutions. A repair leave-in conditioner is a specialized hair care product designed to help restore and strengthen damaged hair. It typically contains ingredients that target split ends, breakage, dryness, and overall hair weakness. For instance, in March 2024, The Hair Lab, a US-based customized hair care brand, launched a leave-in conditioner collection. It features hero ingredients such as moringa seed oil, hydrolyzed barley protein, and mango seed butter to deliver instant, long-lasting hydration while minimizing breakage. The fortifying formula effectively reduces frizz and flyaways, eases detangling, and improves manageability, leaving hair soft, smooth, and shiny.
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Major Key Players of the Market:
LVMH Moët Hennessy Louis Vuitton (LVMH) (Sephora), Procter & Gamble Company, Johnson & Johnson, Unilever PLC, Loreal S.A, Henkel AG & Co. KGaA, DuPont de Nemours Inc., Kao Corporation, Shiseido Company Limited, Sally Beauty Holdings Inc., The Body Shop, REVLON Inc., Oriflame Cosmetics AG, Sol de Janeiro Inc., Shea Moisture, Moroccanoil Ltd., Sun Bum, Amika LLC, Federici Brands LLC, Suave, KAB Brands LLC
Leave-In Conditioner Market 2024 Key Insights:
• The leave-in conditioner market size is expected to see strong growth in the next few years. It will grow to $3.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Rising Hair And Beauty Salons Fueling Growth In The Leave-In Conditioner Market
• Customizable Leave-In Conditioners And Dose Sets For Tailored Hair Care
• North America was the largest region in the leave-in conditioners market in 2023
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